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<\/div>\nAmid its ongoing digital commerce transformation, Sally Beauty Holdings Inc.<\/a> reported third-quarter digital growth of 278 percent over the prior year. The beauty retailer also reported 555 percent digital growth in Sally U.S. & Canada (part of SBS) and 163 percent growth in Sally Europe (part of SBS) for the quarter, according to an announcement<\/a>.<\/p>\n Sally Beauty said it has experienced “strong demand from consumers and professionals in reopened stores.” Sales throughout the enterprise are forecasted to clock in at $348 million in June and $705 million for the complete fiscal third quarter, “notwithstanding substantial elements of the store base being closed due to COVID-19<\/a> during the quarter.”<\/p>\n The retailer said it has finished a large portion of its wholesale and retail store reopening procedure in the United States, Britain, the European Union and Canada. It noted that a small share of its retail footprint in South America and Mexico is forecasted to open again in the 60 days to come.<\/p>\n “The Company is closely monitoring the COVID-19 situation in each of its local communities and will respond on a case-by-case basis to further developments, while benefiting from reinforced safety protocols and the agility shown by the operations teams in recent months,” Sally Beauty<\/a> said.<\/p>\n The retailer said it has continued resolutely managing cash to make sure it has sufficient liquidity. It estimates that it has in excess of $815 million cash-on-hand, in addition to $200 million of “undrawn capacity on its asset-based line of credit” as of June 30.<\/p>\n In separate news, American Eagle Outfitters, Inc.<\/a> saw its digital demand increase<\/a> in Q1, fueled by strong shopper engagement and brand health. Management noted that eCommerce sales rose 33 percent, while inventory liquidation and store closures had a large impact on its first-quarter results. The company said it had extended store closures in locations where state and local government had put stay-at-home orders into place.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Tags:<\/b> Pymnts<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"See Campaign: <\/strong>https:\/\/www.pymnts.com\/news\/retail\/2020\/american-eagle-digital-demand-jumps-33-pct\/<\/a>
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Amid its ongoing digital commerce transformation, Sally Beauty Holdings Inc. reported third-quarter digital growth of 278 percent over the prior year. The beauty retailer also reported 555 percent digital growth in Sally U.S. & Canada (part of SBS) and 163 percent growth in Sally Europe (part of SBS) for the quarter, according to an announcement. Sally Beauty said … Continue reading Sally Beauty Holdings Sees 278 Pct In Q3 Digital Growth<\/span><\/a> Continue Reading