Bath & Body Works forecast annual sales and profit below expectations on Thursday, bracing for the impact of U.S. tariffs on Chinese imports as well as weak consumer spending on its fragrances and scented candles.
Bath & Body Works
Shares of the Ohio-based company fell 4% in premarket trading. High interest rates, economic uncertainty and years of elevated inflation have prompted Americans to tighten their purse strings. Retail sales in the U.S. dropped the most in nearly two years in January.
Customers are also switching to cheaper, private-label alternatives.
Bath & Body Works forecast fiscal 2025 net sales growth of to 1% to 3%, largely below analysts’ estimates for a 2.8% rise, according to data compiled by LSEG. It expects full-year 2025 earnings per share of $3.25 to $3.60, compared with expectations of $3.62.
The forecasts reflect the impact of recently enacted U.S. tariffs on goods imported from China but excludes potential impacts from other possible tariff changes, the company said. Still, the company’s holiday-quarter results beat estimates thanks to marketing and promotion efforts targeted at attracting younger consumers.
On an adjusted basis, Bath & Body Works posted a profit of $2.09 per share for the quarter ended February 3, compared with estimates of $2.05 per share.
Its third-quarter sales fell 4.3% to $2.79 billion from a year ago, narrowly beating estimates of $2.78 billion.
Separately, the company announced a share repurchase program of up to $500 million.
Selfridges continues to be the key destination in London’s West End for high-profile events, takeovers, pop-ups, installations and more and the latest development is further evidence of that — Levi’s has unveiled a unique storefront takeover there, the largest of its kind in Europe.
Levi’s
It’s in celebration of the campaign launch of REIIMAGINE Chapter II, featuring another big name, Beyoncé.
The new collaboration on Oxford Street — London’s and Europe’s busiest shopping thoroughfare — “sees Levi’s reaffirming its place at the centre of culture and its continued commitment to creating elevated experiences through wholesale partnerships”, we’re told.
With windows featuring Beyoncé clad in allover denim superimposed on a red neon light outline of the superstar on horseback, it’s an unmissable takeover.
The brand also plans to open a shop-in-shop in the department store in May, but this is about more than just a campaign and a pop-up. Instead it’s a more permanent plank in the label’s strategy with the company saying the Selfridges deal affirms “that wholesale remains a key pillar of Levi’s DTC-first strategy”.
Lucia Marcuzzo, MD of Europe at Levi Strauss & Co, said of all this: “At Levi’s, DTC-first doesn’t mean DTC-only. This collaboration with Selfridges is a perfect example of how we’re elevating wholesale partnerships. We’re meeting our consumers wherever they are with curated product storytelling and an exceptional retail experience at the heart of London’s fashion scene. With the Levi’s ‘shop-in-shop’ opening in Selfridges in May, this is just the beginning — there’s much more to come as we continue to deepen our relationships with key wholesale partners.”
Digital sportswear brand TALA has chosen London’s famous Carnaby Street for its first UK flagship store, scheduled for a May opening.
Founded by entrepreneur Grace Beverley and led by CEO Morgan Fowles, the label’s 2,000 sq ft, double-fronted store will span two levels “mark[ing] a significant milestone in [its] transformation from a leading e-commerce brand to a prominent player in the physical retail landscape”.
We’re told the new space will provide “an immersive, hands-on experience, building deeper interaction with TALA’s highly engaged community”, featuring the brand’s “bestselling collections”, from its “innovative” new Airform collection and “sell-out” outerwear to its “cult-favourite” DayFlex and 365 Collections.
And it’s that “engaged community” that has “built a reputation for turning digital demand into retail success”, demonstrated through a “standout partnership” across the Selfridges store chain, which began in spring 2024.
The flagship Carnaby Street store therefore marks the next phase of its expansion, “responding to increasing consumer demand for tactile, immersive and experiential shopping”, it noted.
The expansion builds on its “ambitious growth strategy”, made possible by the brand’s latest £5 million funding round, led by Pembroke VCT/Venrex/ Active Partners last summer “to explore opportunities for a physical retail presence and continue scaling domestically and internationally”.
Fowles added: “Carnaby Street has long been a destination for innovative and leading brands, and this location allows us to engage directly with customers… [who] have told us resoundingly, including via our success at Selfridges stores across the UK, that they still love shopping in physical stores.”
William Oliver, director of Retail at Shaftesbury Capital, added: “Fashion innovation has always been in Carnaby Street’s foundations; it’s what sets this destination apart, ensuring it can maintain its reputation as one of the most forward-thinking retail experiences anywhere in the world. Introducing a TALA flagship here is recognition of how important physical retail is for digitally native brands and Carnaby Street’s unique ability to champion leading innovators while creating a quality, exciting offer for its international catchment.”
German mountaineering apparel and equipment brand Ortovox has appointed Stefan Kohlbauer as managing director, effective from March 1. Kohlbauer had previously held the role of Ortovox’s sales and marketing manager for two and a half years. He hails from Austria, and previously worked as sales manager at Sport Eybl & Sport Experts and at Esprit, two retailers specialised in sportswear.
Stefan Kohlbauer, the new managing director of Ortovox – Ortovox
Martin Riebel, CEO of Schwan-Stabilo Outdoor GmbH, had taken charge in the interim of the operational running of Ortovox during the transition phase.
“Stefan Kohlbauer is a highly experienced industry expert with a deep understanding of the brand and its markets, and a clear vision of the future of Ortovox. His focus on healthy growth, sustainability, innovation and collaborative partnerships will further strengthen our brand. I am particularly pleased that we were able to hire an internal candidate for this important position,” Riebel said in a press release.
Kohlbauer said that “Ortovox stands for superior quality, distinctive design, innovation and responsibility – not only in our products, but also in the collaborative attitude within our staff and with our partners. It is a special honour for me to help shape the future of this unique brand. I am looking forward to continuing this success story with the Ortovox team, our partners and our retailers.”
Ortovox, which will be celebrating its 45th anniversary this year, has introduced several key innovations in the world of mountaineering and mountain sports. The latest was an avalanche safety airbag developed in partnership with Arc’teryx in 2022. The LiTRIC airbag weighs 1.1 kg and can be deployed at least twice thanks to its electronic control system. LiTRIC received an ISPO Award and a Red Dot Design Award in 2022.