Photo: Cindy Ord/Getty Images for Rare Beauty
These are the stories making headlines in fashion on Monday.Rare Beauty to enter UltaSelena Gomez’s Rare Beauty will be entering all Ulta Beauty stores nationwide beginning Feb. 1. This will be the beauty brand’s first retail rollout since its launch at Sephora in 2020. Consumers will be able to shop Rare Beauty’s bestsellers and hero collections, plus two store-exclusive kits: Gomez’s “Most-Loved 3-Piece Set” and a “Lash & Brow Duo.” “This brand is about accepting yourself fully and embracing all the things that make you, you. Expanding means we get to share that mission with even more people, and that makes me really proud,” Gomez said in a press statement. {Fashionista inbox}Saks Global CEO exitsOn Jan. 2, Saks Global CEO Marc Metrick stepped down after 30 years at the company. Puck’s Lauren Sherman was the first to break the news on Dec. 28. Richard Baker, executive chairman of Saks Global, will take over his position. Metrick’s resignation comes shortly after the retailer missed another multi-million dollar debt payment and reportedly is preparing to file for bankruptcy. “Marc has been a valued leader at Saks for many years, helping to drive significant transformation and growth while solidifying the company’s enduring position in luxury. We thank Marc for his leadership and dedication and wish him continued success in his next chapter,” Baker said in a press statement. {Saks Global}Saks is eyeing a $1 billion loanSaks may take on a $1 billion bankruptcy loan to help keep operations running, according to Bloomberg. Anonymous sources said the retailer is seeking temporary relief from creditors, given that the company owes hundreds of millions of dollars to vendors and investors. On Dec. 30, it missed another interest payment worth more than $100 million to bondholders. Saks is expected to file for Chapter 11 bankruptcy in the coming weeks. {Bloomberg/paywalled}How Pinterest is winning over Gen ZPinterest CEO Bill Ready spoke with Vogue Business about why the social platform appeals to younger consumers. Since he took over in 2022, he has implemented new strategies that focus less on rage-bait algorithmic content and more on positive, wellness-centered posts. The shift helped drive ad revenue by 17%, as well as user engagement. Pinterest also appealed to Gen Z’s desire for more privacy by tightening its privacy and age controls: As a result, the platform has seen a 42% increase in active users over the past three years. “We’ve been willing to take a different path than all the other platforms that are at scale — and it works,” Ready said. “Young people feel like they’re having to perform all the time. They’re always being evaluated, they’re always being measured. So in that world, privacy is even more of a premium.” {Vogue Business/paywalled}A deep dive into the livestream fashion auction boomFashion resellers are hopping on specialized shopping platforms designed for live auctions and seeing significant audience interest. Newer apps like Tilt and Whatnot have become especially popular in the Western market. For resellers, livestream fashion auctions offer a seamless selling experience compared to more labor-intensive platforms. Meanwhile, consumers not only find a sense of community in the auction chats, but bidding wars also offer an addictive rush and encourage impulse buying. {Dazed}Do you have an emerging brand you want to share with Fashionista readers? Jumpstart your business with our affordable digital offerings.
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