The US subsidiary of Italian cosmetics company Kiko filed for Chapter 11 bankruptcy last Thursday, and will be closing almost all of its remaining stores. The brand has blamed weak sales for its recent struggles.
The retail pharmacy has announced that it will introduce new standards for post-production alterations in its beauty images, including a commitment to transparency for any image that has been materially altered by 2020.
New technologies YouCam will roll out include real-time AR hair coloring; artificial intelligence (AI) "Look Transfer" that brings makeup looks to life from printed photos through 3D face AR tech, and AR training tools.
House of Fraser faced the same challenges endured by much of UK retail over the six-week Christmas period with a slow performance in stores, although margins improved. But unlike some, its web sales also proved weak.
Imports into major US ports are estimated to have increased 7% over 2017 with holiday imports estimated at more than double 2016 levels, indicating high consumer confidence and an increase in retail spending.