The firm is said to have hired Goldman Sachs to help it explore a sale of the company.
Executives gathered on Tuesday afternoon to inaugurate their newly renovated counter in Macy's Flushing branch.
The retailer is putting the finishing touches on a fragrance-department renovation of its Fifth Avenue flagship in New York.
The designers have each created a couture makeup bag for the project entitled Nouvelle Vague by Lancôme, due out in mid-June.
The natural hair product is the latest addition to the retailer's efforts to elevate its beauty department.
He received the Renaissance Man of the Year Award during a dinner at the historic Palazzo Vecchio in Florence.
The National Association of Chain Drug Stores’ Annual Meeting, expected to draw more than 2,500 retailers and suppliers, will be held through Tuesday.