I'm Back and Shu Uemura is Leaving

Hello again. I've been silent lately because I've been out of town for the last few weeks. Originally my plan was to continue posting from the laptop while I was away, but it turns out that Mr. Ghost needed it everyday, so I just ended up with a pile of half finished articles - I'll finish them up and post them soon though.

I don't know if everyone has heard yet, but Shu Uemura plans to exit the US. I personally am a little crushed by the news, but at least we will still be able to continue purchasing proudcts online at shuuemura.com.

L’Oréal USA said Monday that it will close all U.S. operations of Shu Uemura Cosmetics.

L’Oréal took a 35 percent stake in Shu Uemura in 2000, going on to acquire a controlling interest in November 2003. The brand’s current U.S. distribution was forged in 2004, although selected stockkeeping units entered the American market in 2003.

L'Oréal made the decision after experiencing a recent slump in profits. Shu Uemura reportedly does 80% of their business in Asia, so instead of continuing to promote the brand here L'Oréal intends to focus on some of the larger brands in their portfolio, which includes Giorgio Armani, Kiehl’s, Lancôme, Yves Saint Laurent, and a number of fragrance licenses. L'Oréal is still working with thier sales partners to determin an exit date but its rumored to come within the next few months.

The upside of all this - perhaps there will be massive sales at Sephora, similar to those for Becca and Cargo.

source: wwd