Consumer – Beautifaire

28 Nov

Shiseido Stock Plummets On account of Chinese Consumer Pullback

PARIS — Shiseido stock closed down at a 16-year low in Tokyo on Monday after the corporate reduced its profit guidance for 2023 on the back of a weakness in China and travel retail within the third quarter. The Japanese beauty giant’s stock ended the day Monday at minus 14.3 percent, at 4,185 yen, or $27.57. The corporate on Friday released third-quarter results, citing negative growth within the three months to Sept. 30. That was especially as a consequence of consumer pullback on Japanese products in China and travel retail due to Japan’s release of treated water into the Pacific Ocean. This summer, Japan began a controversial discharge of treated waste water from the disabled Fukushima Daiichi Nuclear Power Station. Japan has maintained...

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7 Jun

L’Oréal Consumer Products Chief Talks Premiumization, Democratization – WWD

by Beautifaire101

Beauty, Featured

L’Oréal Consumer Products Chief Talks Premiumization, Democratization – WWD

PARIS — As L’Oréal’s Consumer Products division continues its rapid growth across the globe, maintaining a advantageous balance between premiumization and democratization is essential. “We’re living in exciting times,” said Alexis Perakis-Valat, president of the division. He was referring to how in 2022 the branch registered its best growth in 20 years, while in first-quarter 2023, the division posted its most stellar quarter by way of gains on record. “What we like in regards to the growth is that it’s each balanced and broad-based — balanced between volume and value,” explained Perakis-Valat. “What’s interesting is one-third is volume and two-thirds is value. We wish this balance, because we want to steer premiumization, but at the identical time to democratize.” That’s around the globe, because the...

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28 May

Changes in Consumer Behavior Is Reshaping the Industry –

by Beautifaire101

Beauty, Featured

Changes in Consumer Behavior Is Reshaping the Industry –

Throughout the WWD Beauty CEO Summit last week, one theme repeatedly emerged from several of the sessions: if brands want to raised engage today’s consumer, it is crucial to know their needs and behavior and offer products, solutions and experiences in a meaningful, authentic and personalized way. All of which require leveraging data and understanding how shoppers shop. During a NielsenIQ VIP breakfast, Jacqueline Flam Stokes, senior vp of beauty retail at NielsenIQ, said, “it's critical that brands and retailers understand how consumers are shopping. Forty percent of beauty consumers are shopping each mass and prestige and only one percent of consumers today which are shopping beauty are shopping exclusively prestige. Should you have a look at even a Sephora shopper, 97...

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20 May

How Ulta’s Dave Kimbell Taps Into the Consumer Mindset

by Beautifaire101

Beauty, Featured

How Ulta’s Dave Kimbell Taps Into the Consumer Mindset

Ulta Beauty has been flying high and amongst the numerous aspects at play is its loyalty program and subsequent database, which chief executive officer Dave Kimbell often highlights during earnings presentations. Nevertheless it wasn’t all the time this manner, as he told Carol Hamilton, the group president of acquisitions for L’Oréal USA, during a wide-ranging conversation between the 2 executives. “We had some work to do on it. It's possible you'll remember, we had two different programs. They were complicated and we didn’t have the info organized. Our team in our stores specifically didn’t really understand the importance so we worked hard to take a position in that and drive that a part of our business going forward before because we like...

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