Estee Lauder reported flat revenue for the first quarter of 2015, which ended September 30, with net sales coming in at $2.63 billion relative to last year's $2.68 billion. Foreseeing a number of challenges in the coming months, the company also cut its guidance for the full fiscal year. At this point, Estee Lauder expects net sales to grow 2 to 3 percent in 2015, versus its original forecast of 3 to 4 percent. Read More »
Brooklyn-based K/LLER designers Michael Miller and Katie Deguzman make everything in the U.S. and the majority of their jewelry is made out of 100% recycled metal. They told Fashionista that they "plan to use the money to continue to grow the brand and fulfill orders, but it's also important to them to promote the tradition of sustainability and the fact that, 'you can still be a luxury fashion brand and be sustainable and be cool, it can go hand in hand.'" Read More »