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Etsy taps insider as CEO, forecasts softer core sales amid tariff woes

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October 29, 2025

Online marketplace Etsy named insider Kruti Patel Goyal as its new chief executive officer on Wednesday, succeeding Josh Silverman, who has spent over eight years in the role.

Reuters

Etsy’s shares, which have gained about 40% so far this year, were down nearly 7% in early trading, after the company also forecast muted gross merchandise sales (GMS) – a key metric – for the fourth quarter.

A long-time Etsy executive, Patel Goyal, will take the helm on January 1, at a time when online retailers and marketplaces have been facing the brunt of hefty U.S. tariffs on imports, especially those from China and Vietnam – two major suppliers of products including clothes, shoes and toys.

Patel Goyal, currently president and chief growth officer, has led fashion reseller Depop, which Etsy bought for $1.63 billion in 2021, for nearly three years.

Silverman will take over from Fred Wilson as executive chair and will remain in the role until December 31, 2026.

The removal of “de minimis” – the duty-free treatment of e-commerce packages worth less than $800 – for products originating from China and Hong Kong, has also sparked worry.

“On the tariff and trade lane front, we experienced some pressure on our U.S. import trade route during the quarter,” Etsy CFO Lanny Baker said in a call with investors.

The company expects GMS for the current quarter to range between $3.50 billion to $3.65 billion, down from $3.74 billion last year.
The forecast for the fourth quarter could be disappointing, as investor expectations were higher, JPMorgan analysts said in a note.

For the third quarter, Etsy posted GMS of $2.72 billion, down from last year’s $2.92 billion and a market estimate of $2.76 billion, per three analysts from LSEG.

However, it posted revenue of $678 million for the quarter, beating analysts’ expectations of $655.3 million.
 

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Sephora announces strategic partnership with Korea’s CJ Olive Young

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January 20, 2026

Global beauty business Sephora has announced a strategic, omni-channel partnership with Korean beauty and health retailer CJ Olive Young to bring a wide range of K Beauty products to its global customers.

CJ Olive Young aims to bring K Beauty to global shoppers – Olive Young

 
The partnership will debut this autumn with omni-channel partnerships set for the US, Canada, Hong Kong SAR, and Southeast Asia (Singapore, Malaysia, Thailand), Sephora announced in a press release on Tuesday. In 2027, the business will bring the tie-up to the Middle East, the UK, and Australia.
 
“Korean beauty is one of the most innovative, fastest growing, and desirable categories in beauty right now,” said Sephora’s global chief merchandising officer Priya Venkatesh in a press release. “Sephora was the first major retailer to debut K Beauty brands to North American consumers in 2010, and our portfolio has grown into a global business. We are thrilled to partner with leading Korean beauty retailer Olive Young, bringing their expertly curated assortment of Korean beauty brands to our beauty fans globally. Their differentiated assortment, coupled with Sephora’s unique point of view on the beauty shopping experience, will bring an unrivalled and inspiring offer for all beauty lovers who are keen to explore the most sought-after Korean beauty products.”

Sephora shoppers will be able to browse a dedicated zone curated by CJ Olive Young comprising popular Korean health and beauty brands. The business’ beauty advisor will also offer guidance and assistance to customers to help them find their desired products.

“We are pleased to enter this partnership with Sephora as we continue to advance our global expansion strategy,” said CJ Olive Young’s chief strategy officer Youngah Lee. “As global interest in K-beauty continues to accelerate, we see this collaboration as a meaningful opportunity to work together in expanding the reach of Korean brands in key international markets.”
 

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Superdrug continues upsizing programme at Merry Hill

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January 20, 2026

​Big beauty firms continue to open statement stores at key UK destinations with Superdrug now choosing to “significantly upsize” at Merry Hill. 

Merryhill

It’s set to double its footprint to 16,000 sq ft at the West Midlands mall creating the brand’s biggest UK store to date.

Planned to open in Q2, Superdrug’s recommitment to Merry Hill is the latest in a series of leading brands to “significantly invest” in the centre, with operator Sovereign Centros/CBRE noting a 3% year-on-year sales boost in the beauty category.

It follows M&S’s 100,000 sq ft flagship store opening in November, which also includes a strong beauty element, while Superdrug sister value beauty brand Savers opened a 5,000 sq ft unit last year, also its largest in the UK so far. 

The upsized Superdrug store will feature a more extensive range of the latest beauty products, as well as access to treatments such as ear piercing, manicures, and eyebrow threading.

Clare Jennings, property director at Superdrug, said: “This year, we will continue our programme of refurbishing stores, acquiring new sites and expanding existing stores, with Merry Hill selected as the site for one of our largest Superdrug stores in the UK. 

“Choosing Merry Hill for this expansion was ideal, given its strong mix of health and beauty retailers and its position as a super-regional hub in the West Midlands. It’s the perfect location to grow our store and continue serving our loyal Merry Hill customers.”

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Fenwick and Selected strengthen partnership with nationwide omnichannel activation

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January 20, 2026

Department store group Fenwick has expanded its association with Danish fashion brand Selected, launching a new nationwide collaboration that’s “rich [in] digital and social content”.

Fenwick’s Newcastle flagship – Fenwick/Selected

The omnichannel activation, which appears across all eight Fenwick stores, “marks a significant moment” between the two, “reinforcing Selected’s growing presence in the British market through the UK’s largest chain of family-owned departments stores, while connecting physical retail with digital storytelling and social engagement”.

Rooted in Scandi minimalism, the brand continues to create “versatile, elevated wardrobe essentials designed for everyday life” with key pieces across the collections include “refined tailoring, premium knitwear, elevated denim and modern outerwear, designed to move seamlessly between work, leisure and social moments”.

Selected

Launching alongside Selected’s ‘Wardrobe Reset’ campaign, the activation rolls out across the Fenwick locations, brought to life through window takeovers, refreshed shop fits, and a programme of in-store styling moments and customer events, they said.

The physical activations will be supported by Fenwick’s digital platforms and social channels, with curated content designed to highlight the collection’s, “styling approach and campaign storytelling”.

So the partnership will feature a customer event at Fenwick Newcastle on 11 February featuring an informal talk and styling moment centred on Selected’s new season, alongside an arrival drink, Nordic-inspired canapés, DJ and curated gift bags.

The styling event includes a panel with Søren Riisberg, head of the Northwest Sales Region at Selected, and Fenwick head of buying, Victoria Claridge.

Leo Fenwick, partnerships director at the family firm said: “Selected is a natural partner… sharing our commitment to quality, considered design and accessible modern style.

“The partnership reflects a sense of refresh and optimism at the start of the year, with [the brand’s] clean Scandinavian aesthetic bringing a fresh perspective to our fashion offer. Alignment between our brand values and partner environments is central to our long-term partner strategy.”

Riisberg also said: “Fenwick is a highly valued partner, the brand campaign and expanding our branded spaces together marks an important step in positioning Selected even stronger in the UK market.”

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