Brand News
24 February 2023
Glossier debuts at Sephora in the U.S., Canada
The digitally native beauty brand was already one of the most-searched at Sephora.
The digitally native beauty brand was already one of the most-searched at Sephora.
It’s official: Glossier is now available at Sephora.
The news: Glossier made its debut at Sephora stores in the U.S. and Canada. It marks the first wholesale partnership for the digitally-native beauty brand, which has been working under new CEO Kyle Leahy to expand beyond the DTC strategy that made it one of the most successful and influential startup brands of the last decade.
How it works:
As of Feb. 23, Glossier products are available on shelves at 600 Sephora stores, online and in the Sephora app. The companies said the assortment will include Glossier “staples and soon-to-be new favorites.”
Glossier shoppers will also be able to partake in Sephora’s loyalty program, called Beauty Insider, that unlocks perks and points.
Glossier will have its own display, called a gondola, inside Sephora stores, aiming to bring the brand’s iconic pink to the black-and-white backdrop of Sephora.
The display will include elements from Glossier's existing brick-and-mortar stores. These include Glossier’s “wavy tray tester system,” which allows trays to be easily rearranged for future products. The display also includes ‘You Look Good’ mirrors.
Key quote from Glossier CEO Kyle Leahy: "Glossier is built on community, and Sephora is not only an iconic global retailer but also embodies our commitment to community. It is a beauty destination and the perfect partner for Glossier's first-ever retail relationship. We both strive to celebrate the joys of beauty discovery and it's where so many of our customers are already shopping.”
Partnership announced in March: The agreement was initially announced in July, and signaled a shift among digitally native brands to embrace more traditional retail strategies as consumers returned to stores and privacy-oriented changes in digital advertising curtailed the attribution-powered performance marketing engine.
Retail embrace: This isn't Glossier's first foray into brick-and-mortar. It has five physical stores, including a new location that opened in D.C. over the summer. However, it does show the brand embracing a wider retail strategy that will make its products available in more places. For a brand that had plenty of sellouts and thrived on buzz under founder Emily Weiss, that's a marked shift. It may also be a path to further scale. Glossier is already well-known. Selling in larger volumes at locations where shoppers may discover it while browsing can help it go further.
Realizing demand: While there is plenty of meaning behind a DTC darling embracing wholesale, there was plenty of business sense to the deal. At the time of the initial announcement, Glossier was already one of the most-searched brands on Sephora. So, on one reading, it is simply going to a place where it can make good on existing demand. This is similar to DTC brands who become big enough to be widely searched on Amazon.
It’s a reminder to any brand: Have a clear picture not only of where your products are selling, but also where there are consumers who want to buy them. There are plenty of other considerations along the way, such as profitability and data ownership. But a baseline understanding of demand is an important first step.
On the Move has the latest from Amazon, Lovesac and more.
This week, leadership is changing at GameStop, Sorel and Beautycounter. Meanwhile, key executives are departing at Amazon, Wayfair and Lovesac.
Here’s a look at the latest shuffles:
GameStop announced the termination of Matthew Furlong as CEO on Wednesday. A brief statement did not provide a reason for the firing.
With the move, Chewy founder and activist investor Ryan Cohen was named executive chairman of the video game retailer. Cohen will be responsible for capital allocation and overseeing management.
It came as the company reported a 10% year-over-year decline in net sales for the first quarter. Meanwhile, the company’s net loss improved by 62%.
In an SEC filing, GameStop further added this “We believe the combination of these efforts to stabilize and optimize our core business and achieve sustained profitability while also focusing on capital allocation under Mr. Cohen’s leadership will further unlock long-term value creation for our stockholders.”
Cohen was revealed as GameStop's largest shareholder when he disclosed a 10% stake in the retailer in 2020. GameStop went on to become a leading name in the meme stock rise of 2021.
Mark Nenow is stepping down as president of the Sorel brand in order to focus on his health.
After rising to the role in 2015, Nenow spearheaded a transformation of Columbia Sportswear-owned Sorel from a men’s workwear brand to a fashion-focused brand that led with a women’s offering of boots, sandals and sneakers.
“Mark led the brand to sales of $347 million in net sales in 2022,” said Columbia Sportswear CEO Tim Boyle, in a statement. “His leadership has been invaluable to this company, and we wish him the very best.”
Columbia will conduct a search for Nenow’s replacement. Craig Zanon, the company’s SVP of emerging brands, will lead Sorel in the interim.
Beautycounter appointed board member Mindy Mackenzie as interim CEO, succeeding Marc Rey. According to the brand, Rey and the board “mutually decided to transition to a new phase of leadership for Beautycounter.”
McKenzie, a former executive at Carlyle, McKinsey and Jim Beam, will lead the company as it conducts a search for a permanent CEO. Additionally, former Natura & Co CEO Roberto Marques will join Beautycounter’s board as chair.
As part of the transition, Nicole Malozi is also joining the company as chief financial officer. She brings experience from Tatcha, Nike, and DFS Group Limited.
Melissa Nick, a VP of customer fulfillment for North America at Amazon, will leave the company, effective June 16, CNBC reported. Nick joined the company in 2014, and oversaw a region that included nearly 300 fulfillment centers. After doubling its supply chain footprint during the pandemic, Amazon recently reorganized its fulfillment operations to take a regional approach, as opposed to a national model that often resulted in items shipping across the country.
Jon Blotner (Courtesy photo)
Steve Oblak will retire from the role of chief commercial officer at home goods marketplace Wayfair. With the move, Jon Blotner will be promoted to chief commercial officer.
"Steve has served as a critical part of our leadership team and played a pivotal role in Wayfair's growth, helping us grow from a $250 million business when he joined to $12 billion in net revenue today,” said Wayfair CEO Niraj Shah, in a statement. “He oversaw countless milestones, from helping to launch the Wayfair brand as we brought together hundreds of sites into a single platform, to launching new categories, business lines, and geographies while overseeing our North American and European businesses, to leading our debut into physical retail.”
Blotner previously oversaw exclusive and specialty retail brands, as well as digital media at Wayfair. Before joining the company, he served as president of Gemvara.com prior to its 2016 acquisition by Berkshire Hathaway.
Furniture retailer Lovesac said Donna Dellomo will retire as EVP and CFO, and move to an advisory role, effective June 30. Dellomo was with Lovesac for six years.
Keith Siegner was appointed as the next EVP and CFO. He brings experience as CFO of esports company Vindex, as well as executive roles at Yum! Brands, UBS Securities and Credit Suisse.
Additionally, Jack Krause will retire from the role of chief strategy officer, effective June 30. His responsibilities will be divided between CEO Shawn Nelson and president Mary Fox.
“Since joining Lovesac, Jack has played an instrumental role in transforming the Company into a true omni channel retailer by helping expand our physical touchpoints and digital platform as we continue to disrupt the industry,” said Nelson, in a statement.
The National Retail Federation announced the addition of five new board members. They include: