Beauty specialty store will take up residency in the JACX building in Long Island City, Queens, where fellow Macy’s Inc. nameplate, Bloomingdale’s, is a tenant.
The 100,000 square-foot campus in El Segundo brings together the beauty leader’s west coast brands, plus the West Coast L'Oréal Professional Products Academy.
Revenue was $1.6 billion versus $1.7 billion in the prior-year quarter; company continues to navigate inflationary pressure affecting customers, business.
Sales increased from approximately $2.79 million for the three months ended June 30, 2021 to roughly $2.85 million for the three months ended June 30, 2022.
Beauty giant says Q2 sales grew in every region and product category, reflecting early stages of recovery in brick-and-mortar retail in western markets.
Company officials attribute the success to increasing its market share and expanding its Ultamate Rewards loyalty program to nearly 36 million members.
The group is launching a share repurchase plan of up to $1.5 billion reais and is evaluating switching its primary listing to the New York Stock Exchange.
The personal care giant demonstrated responsiveness to meet the needs of stakeholders in the face of evolving marketplace dynamics as a result of Covid-19.