Today In Retail: Beauty Brand Glossier Lands $80 Million; Dollar General Eyes Becoming ‘Health Destination’

In today’s top retail news, beauty brand Glossier has landed $80 million in a Series E funding round, while Dollar General is looking to grow its healthcare offerings. Plus, Authentic Brands Group (ABG) has filed to go public.

Glossier Notches $80M Amid Digital Shift In Beauty Retail

Glossier has notched $80 million in a Series E funding round headed up by Lone Pine Capital. That round also saw the participation of Forerunner Ventures, Index Ventures, IVP, Sequoia Capital and Thrive Capital. Glossier’s collection of almost 40 products retails between $12 and $60 and include items in the skincare, makeup, body and fragrance categories.

Dollar General Aims To Become ‘Health Destination’ With Expanded Product Selection

Dollar General plans to expand its healthcare offerings to satisfy more of its customers’ needs and transform itself into a “health destination.” To that end, the retailer plans to boost its assortment of cough and cold and dental items, among other products. In addition, Dollar General has named Albert Wu, M.D. to serve as vice president and chief medical officer.

Clothing Conglomerate Authentic Brands Files To Go Public

After multiple high-profile acquisitions during the last many months, Authentic Brands Group (ABG) has filed to go public. ABG said lifestyle labels like Juicy Couture, Aéropostale, Nine West and Nautica comprised 82 percent of its revenue in 2020 and 85 percent of its revenues in the first three months of 2021. Moreover, Authentic Brands owns brands like Sports Illustrated.

Back-To-School Shopping Will Provide Test For Virtual Fitting Rooms

As consumers get ready for back-to-school sales and buy new apparel for a full-year return to the classroom in future weeks, a physical dressing room could be missing from some brick-and-mortar locations. Fitting rooms throughout the nation are still closed, creating headaches for both shoppers and retailers, even as consumers go back to shopping for clothes in brick-and-mortar retail.