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☆ Beyoncé ’s platinum ‘Renaissance’ look was triggering for some in the Black community. Here is why.
▼ + stars: | 2023-12-02 | by ( Nicquel Terry Ellis Cnn | ) edition.cnn.com time to read: +7 min

“Her music is unapologetically, boundlessly and globally Black,” Thomas said. In many cases, lighter skinned slaves were the product of sexual violence by White men against enslaved Black women. Lighter skinned Black women were often deemed “redbones,” a term that for some undermined their Black heritage by implying that the women were mixed non-Black ancestry. A 2023 survey by nonprofit Catalyst found women with darker skin tones were more likely to experience workplace racism than women with lighter skin. “I also get to be critical of Beyoncé,” Thomas said.

Persons: Queen Bey, “, Tina Knowles, ” Knowles, “ Brown, Geneva Thomas, ” Thomas, ”, JeffriAnne Wilder, Wilder, White, ” Wilder, Beyoncé, India Arie, ” Arie, Arie, ” Beyoncé, Kevin Mazur, Oscar, Octavia Spencer, Thomas, she’s Organizations: CNN, Los Angeles, Catalyst, University of Chicago Press, Tottenham Hotspur Stadium Locations: America, New York, Black America, London, England

☆ Shares of e.l.f. Beauty jump 15% after company raises full-year guidance on surging sales
▼ + stars: | 2023-08-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Beauty raised its full-year outlook Tuesday after reporting a 76% year-over-year sales jump, sending shares surging about 15% in extended trading. The company said it expects net sales to be between $792 million and $802 million, compared with a previous range of $705 million to $720 million. Analysts had been expecting a range between $713 million and $760 million, according to Refinitiv. now expects adjusted full-year profits to be between $125 million and $127 million, compared with a previous range of $98.5 million to $100.5 million. "This marks our 18th consecutive quarter of delivering both net sales growth and market share gains," Tarang Amin, e.l.f.

Persons: Tarang Amin, e.l.f Organizations: Beauty Inc, New York Stock Exchange, Refinitiv Locations: New York City, U.S, E.l.f

☆ Ulta Beauty Hires New Marketing Chief
▼ + stars: | 2023-01-18 | by ( Megan Graham | ) www.wsj.com time to read: +3 min

Beauty retailer Ulta Beauty Inc. has tapped Michelle Crossan-Matos, a former Samsung Electronics America marketing leader, as its new chief marketing officer. The chief marketing officer role was previously held by Shelley Haus, who died of cancer last June. Most recently, Ms. Crossan-Matos was chief marketing, citizenship and communications officer at Samsung Electronics America. “I think beauty care is probably going to be one of the most resilient categories, and then I think Ulta Beauty will be even more resilient, just because of the portfolio that Ulta Beauty has and the type of guests that come in—they tend to be much more resilient,” Ms. Crossan-Matos said. Ulta will stay focused on social media, video, beauty tutorials and experience-based marketing in the year ahead, said Ms. Crossan-Matos.

☆ Conagra CFO Doesn’t See Need for Big Price Increases in Near Term
▼ + stars: | 2023-01-13 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +4 min

Photo: Conagra Brands“We won’t have any more significant price increases unless our cost, our inflation estimate, starts to go back up,” Mr. Marberger said. The reading comes amid moderating price increases after a peak of 9.1% in June. I never, ever remember that kind of a price increase,” Mr. Marberger said. “They are now turning the corner and from here are going to need less rapid price increases, unless some other price shocks occur.”Conagra’s sales volumes fell 8.4% for the quarter ended Nov. 27 as customers responded to the price increases, the company said. “And that plays well for us.”Overall, Conagra’s customers—which include retailers Walmart Inc. and Kroger Co. —have accepted the price increases, Mr. Marberger said.

☆ CFOs Ponder Their Pricing Power as the Economy Cools
▼ + stars: | 2023-01-09 | by ( Jennifer Williams-Alvarez | Dean Seal | ) www.wsj.com time to read: +7 min

After a year of significant price increases, companies are trying to figure out how far they can go in 2023. However, pricing experts said, consumers and businesses will likely pull back on discretionary spending and will be less tolerant of price increases as they become mindful of their budgets. The Katy, Texas-based retailer takes an item-by-item approach to price increases. Customers haven’t balked at higher price tags, Ms. Huber said in late October. Still, the company said the aggressive price hikes in 2022 haven’t yet had a significant impact on consumers’ behavior.

☆ Securities trader charged in New York with front-running employer's trades
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +1 min

Dec 14 (Reuters) - An equities trader at a large U.S. asset manager was criminally charged with using information about his employer's trades to make tens of millions of dollars in an insider trading scheme, federal prosecutors in New York said Wednesday. Equities trader Lawrence Billimek, 51, of Hailey, Idaho, was arrested in Texas and day trader Alan Williams, 77, of West Linn, Oregon, was arrested in his home state, prosecutors said. Prosecutors allege they made tens of millions of dollars on more than a thousand trades ahead of large stock transactions by Billimek's employer. Both were charged with conspiracy, securities fraud and wire fraud in an indictment unsealed in Manhattan. Reporting by Jody Godoy in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ New Tax on Buybacks Is Weeks Away, but Finance Chiefs Aren’t Too Worried
▼ + stars: | 2022-12-09 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +6 min

A new corporate tax on stock buybacks hasn’t worried finance chiefs enough for them to rethink their strategy. For Bolingbrook, Ill.-based Ulta Beauty Inc., a maker of beauty products, the impact of the tax will be minimal, finance chief Scott Settersten said. The company’s board in March authorized a new buyback program that enables Ulta Beauty to repurchase up to $2 billion in shares. It is set to be levied on net buybacks, meaning total shares repurchased minus new shares issued during the year. SHARE YOUR THOUGHTS How will the new tax on stock buybacks affect company repurchase plans in the years ahead?

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It’s a seemingly simple calculation, but supply-chain experts caution that shipping from stores can be more challenging than filling orders at fulfillment centers that are set up for the job. It now packages orders at 116 of its approximately 1,350 stores, said Amiee Bayer-Thomas, the company’s chief supply chain officer. The chain said it has converted areas in 35 stores to serve as semi-automated miniature distribution centers. That is one reason department store Nordstrom is pulling back on shipping orders from stores for its discount brand Nordstrom Rack. The company will continue using Nordstrom stores to fulfill online orders for that brand.

☆ Foot Locker Searches For a New Finance Chief
▼ + stars: | 2022-11-29 | by ( Kristin Broughton | ) www.wsj.com time to read: +3 min

Foot Locker Inc. is searching for a new finance chief to succeed Andrew Page, who is stepping down from the shoe-store chain as part of a reshuffling of its senior ranks. He was previously chief accounting officer and controller at Advance Auto Parts Inc., a Raleigh, N.C.-based auto parts retailer. He will step down as chief financial officer of Foot Locker early next year. Photo: The Wall Street Journal Foot Locker is working with an executive recruiting firm to identify a successor, the company said. Also, Foot Locker promoted Rosalind Reeves, its vice president of talent, diversity and organization capability, to chief human resources officer, effective Dec. 1.

☆ Businesses Rush to Sidestep Rate Shock by Paying Down Debt
▼ + stars: | 2022-11-09 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

Executives are aggressively paying down debt as higher interest rates increase the cost associated with having debt and businesses face the prospect of a recession. As a result, some are taking steps to rein in expenses and cut interest costs, while others are looking to put cash reserves to work as their bank deposits continue to generate minimal yields. Beauty paid an annual interest rate of 4.9% on the loan, according to Mandy Fields, the company’s chief financial officer. About two-thirds of the loan carried a 5% interest rate that was fixed through a swap, which was set to expire in 2025. The two transactions reduced KAR’s annual interest costs by $70 million, to an estimated $15 million a year, Mr. Loughmiller said.

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