These are the stories making headlines in fashion on Wednesday. Estée Lauder Posts Strong Q4 Sales Estée Lauder projected fiscal 2027 adjusted earnings per share of $3.10 to $3.35, topping analysts’ average estimate. The company credited strong spending by younger shoppers on trending brands like Le Labo and Balmain Beauty. “For fiscal 2027, we are affirming our confidence to accelerate organic sales growth. In addition, we are raising our outlook for an even stronger adjusted operating margin, as we double down on our strengths to further diversify growth across product categories and geographies, including accelerating growth in North America,” Stéphane de La Faverie, president and CEO, said in a statement. { Estée Lauder } Target Shows Signs of Recovery in Q2 Target reported its second straight quarter of gains, with net sales up 5.3% and net earnings rising to $1.8 billion, or $4.11 per share. CEO Michael Fiddelke noted str...
In early January of 2025, Mother was preparing to debut its first-ever store in the Pacific Palisades neighborhood of Los Angeles. But just days before it was set to open, one of the most destructive fires in L.A. history leveled the area, burning 23,448 acres and destroying 6,837 structures. Obviously, the store was put on pause. Now, 19 months later, the 15-year-old, L.A.-based brand finally has its first brick-and-mortar, this time on N. Canon Drive in Beverly Hills. “We were obviously upset and disappointed,” Co-Founder Lela Becker tells Fashionista of the fire. “But because of the level of devastation, we were just like, ‘We’re one little dot amongst everything.’ So, we just sort of left it behind us and moved on because there’s nothing you can do.” Photo: Courtesy of Mother There was never a plan to be in Beverly Hills, Becker says, but it ended up working out perfectly with the same concept and build of the origin...