Latest news with #Bluemercury
Vogue
5 days ago
- Entertainment
- Vogue
The 12 Products You Need Now for an Effortless Summer
Nothing says summer like naturally glowing skin that's been kissed by the sun and lived-in hair that's been graced by the ocean. If summer isn't the time to embrace effortless style, then when is? Let your freckles take the spotlight (there's good reason our favorite It-girls have been known to draw theirs on). As for frizz? Consider it the chic new synonym for salty beach waves. If you haven't caught our drift, we're calling it now. The name of the game this summer is all about no-fuss, low-maintenance, and completely pared-back beauty style. We've curated your ultimate top shelf of 12 high-performance essentials from Bluemercury that simplify your routine without sacrificing results. From skincare-infused SPF and multi-tasking makeup to hair and body heroes, these products are designed to work harder so you don't have to–leaving you more time to soak up endless beach days and less time in the mirror. The Not-So Basic Basics If you only buy three products this season, make them these. Start with the ultimate base, Augustinus Bader The Mineral Sunscreen SPF50 with TCF8. This clean, lightweight formula offers broad-spectrum protection while supporting long-term skin health through the brand's signature TCF8 complex. It's where skincare meets suncare–and exceeds expectations. Next, a few swipes of Ogee's Crystal Contour Collection will go a long way. A trio of versatile sticks, these crystal-inspired shades of bronze, blush, and highlight, are buildable, blendable, and perfect for on-the-go glow. No brushes needed. Finish with Damage Reverse Serum by Virtue, a cream-to-serum treatment powered by Alpha Keratin 60ku to reverse damage, strengthen strands, and reduce breakage–consider it summer rehab for your hair. The Top Shelf Revamp If you're ready to upgrade (or perhaps overhaul) your entire top shelf, we have your ultimate lineup covered. In the sunscreen department, M-61's Perfect Body Spray Sunscreen delivers broad-spectrum protection with a luxurious coconut vanilla scent. Packed with antioxidants like vitamin E, green tea extract, aloe vera, avocado oil, and lavender, it hydrates, dries quickly, and leaves no white cast–ideal for beach days, lounging poolside, or a stroll in the sun. For extra sweat and water resistance, Supergoop's Play Everyday Lotion with Sunflower Extract SPF 30 is a fast-absorbing formula that's perfect for outdoor workouts and long hours under the sun. For skincare that quenches like a tall glass of water, reach for the cult-favorite, Dr. Barbara Sturm Hyaluronic Serum. This award-winning hyaluronic serum delivers deep, lasting moisture and visibly plumps skin. Think of it as the white t-shirt of your skincare routine. The Everyday Beauty Look When it comes to makeup, this is the moment when doing the bare minimum will pay off. Lune + Aster's Vitamin C+E Lip Gloss offers high shine with a sheer tint and a nourishing antioxidant blend. Available in a range of summery shades–from golden peach to sorbet–it's moisturizing, wearable, and transitions seamlessly from day to night. We recommend keeping one in every bag. Pair it with the Victoria Beckham Concealer Pen–a second skin formula that brightens, conceals, and visibly improves your complexion over time. It's the only overage you'll need. The Au Naturale Go-To's For hair care that embraces a summer state of mind, R+Co's Essential Air Dry Blow Dry Crème will do the trick for frizz-free, smooth strands, whether you're air drying or heat styling. Finish with Maria Nila True Soft Argan Oil that softens and strengthens all hair types, without weighing hair down. Notes of vanilla, rose, and jasmine evoke summer in a bottle. Body care that levels up? Vacation's Shimmer Oil is the black tie of sunscreen, boasting two types of show-stopping shimmer—a pearlescent glaze alongside larger gold mica flecks as well as a blend of naturally derived oils that will turn any poolside moment into a dazzling evening out. As temperatures continue to rise, stay fresh with Evolvetogether's Deodorant. This plant-powered formula absorbs sweat, neutralizes odors, and most importantly, actually works. Feel fresh and smell great. Yes, both are possible. This summer, less really is more. With these 12 essentials, you'll spend fewer minutes getting ready and more time enjoying the season in all its radiant, sun-drenched glory. See you on the beach.
Fibre2Fashion
6 days ago
- Business
- Fibre2Fashion
US' Macy's reaffirms FY26 sales outlook, lowers profit forecast
American departmental store of fashion clothing and accessories, Macy's Inc, has reaffirmed its full fiscal 2026 (FY26) net sales guidance, projecting between $21 billion and $21.4 billion, unchanged from the March 6 outlook. Comparable owned-plus-licensed-plus-marketplace sales are expected to decline by approximately 2 per cent to 0.5 per cent versus 2024, while the go-forward business is forecast to see a sales change ranging from a 2 per cent decline to flat—also unchanged. However, the company revised its profitability expectations downward. Adjusted EBITDA as a percentage of total revenue is now projected between 7.4 per cent and 7.9 per cent, compared to the earlier range of 8.4 per cent to 8.6 per cent. Macy's has reaffirmed its FY26 net sales forecast of $21â€'$21.4 billion but lowered its profit outlook. Q1 FY25 net sales fell 5.1 per cent YoY to $4.6 billion, while adjusted EPS reached $0.16. Bloomingdale's and Bluemercury saw sales growth. Other revenue rose 26 per cent to $194 million. CEO Tony Spring expressed confidence in the strategy driving Macy's return to profitable growth. Similarly, core adjusted EBITDA margin has been lowered to 7-7.5 per cent from the previous 8-8.2 per cent. The adjusted diluted earnings per share (EPS) guidance have also been reduced to a range of $1.6 to $2, down from $2.05 to $2.25. These figures reflect the impact of FY24 store closures, notably Macy's nameplate locations, which had contributed approximately $700 million in annual net sales, Macy's said in a press release. Meanwhile, Macy's achieved net sales decreased 5.1 per cent year-over-year (YoY) to $4.6 billion in the first quarter (Q1) of fiscal 2025 (FY25) ended May 3, 2025, exceeding the company's prior guidance range. The company's comparable sales were down 2 per cent on an owned basis. It reported GAAP diluted EPS of $0.13, adjusted diluted EPS of $0.16, above the company's prior guidance range. The net income of the company in Q1 was $38 million, or 0.8 per cent of total revenue, and adjusted net income was $46 million, or 1 per cent of total revenue. The gross margin rate of 39.2 per cent was flat, reflecting improved merchandise margin offset by higher delivery expense as a percent of net sales. Bloomingdale's net sales were up 2.6 per cent YoY, with comparable sales up 3 per cent on an owned basis and up 3.8 per cent on an owned-plus-licensed-plus-marketplace basis. Bluemercury net sales were up 0.8 per cent and comparable sales were up 1.5 per cent on an owned basis. Comparable sales at the 125 Reimagine locations declined by 1.3 per cent on an owned basis and by 0.8 per cent on an owned-plus-licensed basis. Other revenue in Q1 rose by $40 million, or 26 per cent, reaching $194 million. This included a $37 million increase in credit card net revenues, up 31.6 per cent to $154 million, and an $3 million rise in net revenue from Macy's media network, which grew 8.1 per cent to $40 million. The selling, general and administrative (SG&A) expense of $1.9 billion increased $2 million. 'We continued to execute against our bold new chapter strategy during the quarter, scaling key initiatives that improved our customer experience and contributed to stronger than expected performance across all three of our nameplates,' said Tony Spring, chairman and chief executive officer of Macy's, Inc . 'Our first quarter results give us confidence that we have the right strategy and team in place to navigate the current environment while we continue to invest in our customer on the path to returning Macy's, Inc to sustainable profitable growth.' Fibre2Fashion News Desk (SG)
Miami Herald
7 days ago
- Business
- Miami Herald
Macy's CEO warns customers of a harsh change in stores
Macy's (M) , which owns Bloomingdale's and Bluemercury, is one of the few nostalgic mall retail giants that survived the Covid pandemic, a period that caused several retailers to either file for bankruptcy or go out of business. After surviving the pandemic, Macy's is now battling a startling shift in customer behavior. In Macy's first-quarter earnings report for 2025, it revealed that its comparable store sales declined by 2% year-over-year during the quarter. Don't miss the move: Subscribe to TheStreet's free daily newsletter The shrinkage in sales contributed to the company earning a total revenue of roughly $4.7 billion during the quarter, which is about 4% lower than what it earned during the same time period last year. Related: Ross Stores makes drastic decision customers will see in stores As Macy's struggles with lower sales, the average number of visits customers made to each of its locations dipped by 0.2%, according to recent data from During an earnings call on May 28, Macy's CEO Tony Spring said that while the company performed strongly in March and April, its performance in February lagged due to unseasonable weather. He also said that despite recent changes in the economy, consumers (with both low and high income levels) continue to shy away from making discretionary purchases. "Discretionary spending is something that I think we've seen from the middle of last year kind of forward, that as inflation subsided a little bit, as gas prices became more affordable, the consumer still felt the pinch of other costs that were rising," said Spring. "And so, we're maintaining our aggressive position in trying to make sure that we're capturing our fair share. I would say at the high end, the consumer is not obviously pressured, but they remain choiceful, and they don't like uncertainty." Related: Home Depot struggles to reverse concerning customer behavior In order to help combat this concerning trend, he said that Macy's will continue to offer "newness" to customers. "So the consumer remains under pressure but is responding to newness, is responding to good value, is responding to improved presentation, is responding to inspiring marketing," said Spring. "I think we can control some of these elements. I can't control how much discretionary spend the consumer is willing to lay out, but I can control the quality of our execution." As shoppers become more cautious about making discretionary purchases, Spring also warned that customers may soon see higher prices in Macy's stores due to tariffs (taxes companies pay to import goods from overseas). Last month, President Donald Trump imposed a 10% baseline tariff on all countries and paused reciprocal tariffs. The pause on reciprocal tariffs will end in July, and as a result, roughly 60 countries will soon see increased tariff rates. This will likely have a domino effect, resulting in U.S. consumers seeing higher prices for goods. Spring said that Macy's is "slowly" implementing price increases in its stores, highlighting that the company will be "aggressive on pricing" and will remain "very competitive." "I would say the pricing is working its way into the system slowly," said Spring. "So you certainly saw little to no pricing in the first quarter. You're seeing some limited pricing in the second quarter." More Retail: Costco quietly plans to offer a convenient service for customersT-Mobile pulls the plug on generous offer, angering customersKellogg sounds alarm on unexpected shift in customer behavior During the earnings call, Macy's Chief Financial Officer Adrian Mitchell emphasized that the company isn't solely using price increases to combat the threat of tariffs but is also being "incredibly surgical" about how it handles them. This includes negotiating with vendors to obtain brands and styles that customers are interested in buying. It has also shifted more of its production away from China, which is one of the countries on which Trump imposed high tariff rates. Macy's has even canceled and delayed certain orders that couldn't be obtained from vendors at a fair price. "We've been able to gain some vendor discounts, which has been helpful to us, but we're absorbing some of that price as well," said Mitchell. "So we're making selective price increase(s) in selective brands, selective categories, because we believe the value equation for the customer is still very relevant." The move from Macy's comes at a time when many consumers are changing their spending habits to prepare for the impact of Trump's tariffs. According to a recent survey from Harris Poll and Bloomberg News, 56% of Americans said their household finances would be better off if Trump's tariffs were never enforced. Also, three in five Americans said they are cutting back their spending due to concerns about a potential recession. Additionally, more than 70% said they are eating out less, and 57% said they are spending less on entertainment. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Boston Globe
7 days ago
- Business
- Boston Globe
Macy's surprises in first quarter, but cuts profit outlook as tariff costs seep in
'I think it's important to understand that we are not just broadly increasing price,' Spring said in a conference call Wednesday. 'We're being incredibly surgical about the situation with tariffs.' The company is diversifying the origin of its products as well, and will pull items when the math doesn't work, he said. Advertisement About 20 percent of Macy's products came from China at the end of its last fiscal year. Private brands sourced approximately 27 percent from China, down from 32 percent last year. 'With the recent announcement of these tariffs, we've renegotiated orders with suppliers,' Spring said. 'We've canceled or delayed orders where the value proposition is just not where it needs to be.' Shares rose 1 percent Wednesday. Sales at Macy's, which also owns upscale Bloomingdale's and the Bluemercury cosmetics chain, dropped to $4.79 billion, from $5 billion a year earlier. That's better than the $4.42 billion that analysts polled by FactSet expected. Comparable sales, which include those online, dipped 2 percent. There was comparable store sales growth at Bloomingdale's and Bluemercury. Advertisement Neil Saunders, managing director of GlobalData, said it wasn't a bad quarter for Macy's, particularly as the retailer closes underperforming locations. Macy's said previously that it would close 66 stores, mostly in the first quarter. 'The 2.0 percent dip in comparable sales is below market growth but is not entirely unexpected,' Saunders wrote. 'It is also, barring the robust holiday quarter, a somewhat better performance than Macy's delivered across most of the last fiscal year.' For the period ended May 3, Macy's earned $38 million, or 13 cents per share. That compares with $62 million, or 22 cents per share, a year ago. Stripping out one time charges, earnings were 16 cents per share, which topped Wall Street's estimate by a penny. The company stuck by its 2025 sales forecast which ranged from $21 billion to $21.4 billion. But it now expects full-year adjusted earnings between $1.60 and $2 per share. Its prior forecast was for an adjusted profit of $2.05 to $2.25 per share. Industry analysts had been projecting full-year sales of $21.03 billion and an adjusted per-share profit of $1.91. Macy's and other retailers are wrestling with uncertainty about tariffs which are making it difficult to plan. The same goes for many American consumers who have are growing increasingly uncomfortable about the US economy and watching their spending. American Eagle Outfitters withdrew its annual financial outlook earlier this month citing 'macro uncertainty' and said it would write down $75 million in spring and summer merchandise. Ross Stores withdrew its forecast last week. Walmart, the nation's largest retailer, got a public scolding from President Trump this month after it said that it has already raised prices on some items and would have to do so again this summer. Trump told the retail giant that it should 'eat' the additional costs. Advertisement Target's sales fell more than expected in the first quarter and it warned they will continue to flag this year. Home Depot, too, said that it will eat some of the costs but that some goods heavily impacted by the trade war will no longer be on shelves. Trump's threatened 145 percent import taxes on Chinese goods were reduced to 30 percent in a deal announced May 12, with some of the higher tariffs on pause for 90 days. Trump on Friday threatened a 50 percent tax on all imports from the European Union as well as a 25 percent tariff on smartphones unless they're made in America. On Sunday, however, Trump said that the United States will delay implementation of a 50 percent tariff on goods from the EU until July 9 to negotiate. Spring, Macy's CEO, said there has been some success with vendors on lowering prices, but the department store is absorbing some costs as well. 'We're making selective price increase in selective brands, selective categories, because we believe the value equation for the customer is still very relevant,' Spring said. 'So some of the impact on our gross margin this year is going to be around the tariffs, but we're also investing in getting market share because we really do believe as we get into the back half of the year, that price value dimension is going to be very critical.'
Yahoo
28-05-2025
- Business
- Yahoo
Macy's Cuts Outlook Despite Q1 Beat Amid Trump Tariff Pressure
Macy's (M, Financials) lowered its full-year profit forecast on Wednesday, attributing the cut to increased promotional activity and higher tariffs under President Donald Trump's administration. Despite the reduced guidance, the retailer beat Wall Street's expectations for its fiscal first-quarter earnings and revenue. Adjusted earnings per share came in at $0.16, ahead of the $0.14 analysts had expected, while revenue reached $4.60 billion, topping the $4.50 billion consensus. Net income for the quarter fell to $38 million, or $0.13 per share, from $62 million, or $0.22 per share, in the year-ago period. For fiscal 2025, Macy's now anticipates adjusted earnings per share between $1.60 and $2.00, down from a previous range of $2.05 to $2.25. The company reaffirmed its full-year revenue forecast of $21 billion to $21.4 billion, which would represent a decline from the $22.29 billion reported for the prior fiscal year. Macy's said the outlook revision reflects the impact of macroeconomic uncertainty, volatile consumer demand, and pricing pressure from tariffs and promotions. The company continues to implement its multi-year turnaround strategy, which includes shuttering roughly 150 underperforming namesake stores and investing in higher-growth segments like Bloomingdale's and Bluemercury. Comparable sales at Macy's declined 2.1% year over year, though when excluding locations scheduled to close, the decline moderated to 1.9%. In contrast, Bloomingdale's reported a 3.8% increase in comparable sales, while Bluemercury posted a 1.5% gain. Among the 125 Macy's stores that have received operational upgrades under the First 50 initiative, comparable sales dropped just 0.8%, outperforming the broader Macy's portfolio. The revised guidance comes amid mounting economic uncertainty, with Macy's citing inconsistent signals from consumers and ongoing confusion around policy changes, especially tariffs. Shares of Macy's rose nearly 2% in premarket trading following the announcement. As of Tuesday's close, the stock was down 29% year to date, underperforming the broader S&P 500 index, which has gained around 1% during the same period. Investors are expected to focus on Macy's earnings call scheduled for 8 a.m. ET for further insights on its pricing strategy and tariff response. Explore insider trades for M. See Peter Lynch chart. This article first appeared on GuruFocus. Sign in to access your portfolio
