{"id":12435,"date":"2024-05-03T22:22:52","date_gmt":"2024-05-03T22:22:52","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/the-weekly-closeout-boscia-plans-to-shutter-website-and-loccitane-takes-steps-to-go-private\/"},"modified":"2024-05-03T22:22:52","modified_gmt":"2024-05-03T22:22:52","slug":"the-weekly-closeout-boscia-plans-to-shutter-website-and-loccitane-takes-steps-to-go-private","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/the-weekly-closeout-boscia-plans-to-shutter-website-and-loccitane-takes-steps-to-go-private\/","title":{"rendered":"The Weekly Closeout: Boscia plans to shutter website and L\u2019Occitane takes steps to go private"},"content":{"rendered":"<p> <p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/>\n<\/p>\n<div>\n<div class=\"text-to-speech\">\n    <button class=\"text-to-speech__button button\"><br \/>\n            <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.retaildive.com\/static\/images\/audio_icon.svg?482016190122\" alt=\"\"\/><br \/>\n            Listen to the article<br \/>\n            <span class=\"text-to-speech__button__audio-length\">8 min<\/span><br \/>\n    <\/button><\/p>\n<div class=\"text-to-speech__controls\">\n        <audio controls=\"\" class=\"js-text-to-speech\" preload=\"none\"><source src=\"http:\/\/res.cloudinary.com\/dmgi9movl\/video\/upload\/q_1\/v1714753274\/news\/text_to_speech\/boscia-shutter-website-loccitane-private-Disney-Pixar-Inside-Out-2-Peloton_upf8us.wav\" type=\"audio\/mp3\"><\/source><\/audio><\/p>\n<div class=\"text-to-speech__controls__text\">\n            This audio is auto-generated. Please let us know if you have feedback.\n        <\/div>\n<\/p><\/div>\n<\/div>\n<p>It\u2019s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we\u2019re still thinking about.\u00a0<\/p>\n<p>From Bath &amp; Body Works Logistics Service\u2019s decision to lay off some of its employees to Bubble Skincare\u2019s collaboration with \u201cInside Out 2,\u201d here\u2019s our closeout for the week.<\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>What you may have missed<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><em><span>Pampered Chef names new CEO<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Nevena Srebreva is Pampered Chef\u2019s new CEO, <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>the company announced<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> Wednesday.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Srebreva was formerly the chief field and international officer at the company. She helped lead the company\u2019s expansion in Europe and transition the business to a virtual model during the pandemic. She succeeds Andrew Treanor, who led the multilevel marketing retailer for four years.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cWe\u2019re a company that believes in the power of coming together for shared mealtimes,\u201d Srebreva said in a statement. \u201cI\u2019ve seen first-hand the passion our consultants have for our purpose and how, in helping others, they have found joy, flexibility, and a community they are proud to be a part of.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><em><span>Skin care brand Boscia is closing its website<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Clean skin care brand Boscia is closing its website on May 31, the company announced Wednesday.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cWe want to express our sincere gratitude for your loyal support throughout the years. Thank you for being a part of our journey,\u201d <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>the company wrote in an Instagram post<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\u00a0and on its website<span><span><span><span><span><span>.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure class=\"inside_story\">\n<div class=\"figure_content\">\n<div><img decoding=\"async\" alt=\"Boscia&amp;#x27;s website\" data-imagemodel=\"158414\" src=\"https:\/\/www.retaildive.com\/imgproxy\/3vPXe7CSR18UwN06pum1WCHXOBCWyGitU5er4vMoX7Q\/g:ce\/rs:fill:0:860:0\/bG9jYWw6Ly8vZGl2ZWltYWdlL1NjcmVlbnNob3RfMjAyNC0wNS0wMl9hdF81LjE1LjA5X1BNLnBuZw.webp\"\/><\/div>\n<\/div><figcaption class=\"inside_story_caption\">\n<p>A message on Boscia\u2019s homepage as of May 3.<\/p>\n<div class=\"source_text\">Retrieved from Boscia\u00a0on May 2.<\/div>\n<p>\u00a0<\/p>\n<\/figcaption><\/figure>\n<p><span><span><span><span><span><span>Boscia is taking 55% off everything on its website through May 31 at 11:59 p.m. PST, and all sales are final, according to its website. The company did not immediately respond to requests for comment regarding the website closing or whether the business is shutting down entirely.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><em>L\u2019Occitane takes steps to go private<\/em><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The board of directors of L&#8217;Occitane International announced on Monday that the cosmetics company has received an offer from its largest controlling shareholder and chairman, Reinold Geiger, to go private, according to the <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>press release<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>.<\/p>\n<p><span><span><span><span><span><span>L&#8217;Occitane Groupe, which is controlled by Geiger, own about 72%\u00a0of the company\u2019s shares and offered to acquire all remaining shares for 34 Hong Kong dollars per share.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>&#8220;Our family has always taken a responsible, long-term view when it comes to developing our company,\u201d Geiger said in a statement. \u201cThe transaction we are launching today will enable us to focus on rebuilding the foundation for the long-term sustainable growth of our company.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>At least 90% of shareholders must approve Geiger\u2019s offer to move it forward. If approved, L\u2019Occitane would be delisted from the Hong Kong Stock Exchange and keep its current management team, while investing in hiring new talent, IT infrastructure and marketing, according to the company.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The company\u2019s bid to go private follows the path of one of its brands, <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>Grown Alchemist<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>.<\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>Last month, the <span><span>L\u2019Occitane Group sold a controlling majority stake<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> in the Australian skin care brand to Andr\u00e9 Hoffmann, L\u2019Occitane Group\u2019s former vice chairman, CEO and current board member, for 28 million euros (about $30.2 million at the time).<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>Retail Therapy<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><em><span>Panera drops yet another bread-inspired accessory<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>When dining at Panera Bread, slices of loaves usually come as a side option with your entree or can hold soup as a bread bowl. Yet, the chain has found another use for its item \u2014\u00a0as a hat.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p>The Bread Head Hat retails for $21 and is a 3D-printed bread bowl styled with various colored ostrich feathers. The hat,\u00a0which was available for purchase on its site, has since sold out. However, the company is offering customers the option to be notified when it comes back into stock.<\/p>\n<p><span><span><span><span><span><span>And what better way to pair it than with the <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>Panera Bread BAGuette<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>?\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><em><span>In first brand collaboration, Bubble Skincare inks partnership with \u2018Inside Out 2\u2019<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Bubble Skincare announced this week its first brand collaboration with Disney and Pixar\u2019s upcoming movie, \u201cInside Out 2\u201d. Playing into themes from the movie, the collaboration with Bubble highlights the effects that emotions have on skin.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Products include two exclusive sets featuring characters from the movie, as well as bestseller products with limited-edition packaging.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure class=\"inside_story\">\n<div class=\"figure_content\">\n<div><img decoding=\"async\" alt=\"A brand image of Bubble x Inside Out 2&amp;#x27;s collaboration\" data-imagemodel=\"158410\" src=\"https:\/\/www.retaildive.com\/imgproxy\/vKrfDERkyB2hAE3wu5fBVss99flbRK3PDS4WZsAPV3s\/g:ce\/rs:fill:1024:512:0\/bG9jYWw6Ly8vZGl2ZWltYWdlL1NER19CdWJibGVfSW5zaWRlT3V0XzEyMjYtdjJfMS5qcGc.webp\"\/><\/div>\n<\/div><figcaption class=\"inside_story_caption\">\n<p>Courtesy of Bubble Skincare, Inside Out 2<\/p>\n<p>\u00a0<\/p>\n<\/figcaption><\/figure>\n<p>\u201cRiley\u2019s story of processing new feelings and growing up is a universal one that we are delighted to see celebrated in this new collection, which combines everyone\u2019s favorite characters with your go-to Bubble formulas, so you can face the day no matter what you\u2019re feeling,\u201d Shai Eisenman, founder and CEO of Bubble, said in a statement.<\/p>\n<section class=\"storylines-carousel-wrapper hide-small show-large\" id=\"desktop-carousel\"\/>\n<p><span><span><span><span><span><span>The collection ranges from $16 to $34 with products like the Slam Dunk Hydrating Cream Moisturizer featuring Inside Out\u2019s Anxiety and the Day Dream Tone and Texture Serum featuring the movie character, Envy.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Bubble\u2019s collection is available for purchase on its own website, Ulta.com and Walmart.com. The items will enter Walmart and Ulta stores in May and June.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>What we\u2019re still thinking about<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><em><span>59<\/span><\/em><\/span><\/span><\/span><\/span><span><span><span><span><span><span>\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>That\u2019s how many employees will be <span><span>laid off<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\u00a0<span><span><span><span><span><span>from a Bath &amp; Body Works Logistics Service distribution center in Columbus, Ohio, effective Saturday, according to a company letter.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The facility provided logistics and shipping services to Express, which recently <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>filed for Chapter 11<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> bankruptcy. The company is offering impacted employees roles at one of its other distribution centers and, if they do not accept, they will be offered a severance package.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>24%\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>That\u2019s how much Amazon\u2019s Q1 <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>advertising revenue was up<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> year over year, reaching $11.8 billion, the company reported this week. Sponsored product ads on its marketplace were the <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>primary means<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> for growth, while its recently launched Prime Video ads show promise, according to the company.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>What we\u2019re watching<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><em><span>Peloton announces another restructuring as it seeks out a new leader<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Peloton is shaking things up yet again as it tries to align its cost structure to the size of its business. The fitness brand on Thursday announced CEO Barry McCarthy <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>is stepping down as CEO, president and board member<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>.<span><span><span><span><span><span>\u00a0Peloton has appointed Karen Boone, Peloton\u2019s current chairperson, and Chris Bruzzo, a board director, to serve as co-CEOs in the interim.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<section class=\"storylines-carousel-wrapper show-small hide-large\" id=\"mobile-carousel\"\/>\n<p><span><span><span><span><span><span>At the same time, the company announced a restructuring plan that involves laying off 15% of its global workforce as part of an effort to cut expenses by more than $200 million by the end of its 2025 fiscal year.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Peloton has faced a number of challenges in recent years. The company has undergone several rounds of layoffs, reduced its retail footprint and seen its co-founders exit the company entirely \u2014 all while facing declines to both its sales and member base.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>McCarthy himself described his role leading the company\u2019s restructuring efforts these past couple of years.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cI once described turnarounds as a full contact sport; intellectually challenging, emotionally draining, physically exhausting, and all consuming, the decisions never more consequential, the urgency ever present, the teamwork never more central to the mission. From where I sit today, that pretty much summarizes my experience these last two years,\u201d he said <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>in a note posted Thursday<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p><script async defer src=\"https:\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><br \/>\n<br \/><p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Listen to the article 8 min This audio is auto-generated. Please let us know if you have feedback. It\u2019s been another week with far more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-12435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/12435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=12435"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/12435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/12436"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=12435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=12435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=12435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}