Makeup and Skin Care Sales Proceed to Soar in

14 Nov

Beauty industry sales remain buoyant, however the drivers of its growth are evolving. In line with Circana, prestige beauty dollar sales grew 14 percent this yr through September; and mass market dollar sales grew 8 percent through the same period. Unit sales continued to rise across all prestige categories, while mass unit sales were down 2 percent and three percent in hair care and fragrance, respectively, though average price increases propped up revenue growth within the categories. Cosmetics and skincare, nonetheless, “are healthy categories in each mass and prestige,” said Larissa Jensen, senior vice chairman, global beauty industry adviser at Circana. Makeup maintained its position because the fastest-growing category inside prestige by revenue growth, posting $7.1 billion in sales year-to-date, up...

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3 Sep

How Wearable Wellness Will Proceed to Evolve – WWD

by Beautifaire101

Beauty, Featured

Rings, watches, bands, oh my! Wearable devices that track wellness data proceed to achieve traction — Oura is valued at $2.55 billion, in keeping with the corporate; 50 million consumers used an Apple Watch in November 2022, in keeping with a Pymnts report, and a recent ring, Evie from Movano Health, is ready to launch this fall. McKinsey cites wearables as a key area throughout the wellness category, estimating it to be a $10 billion to $15 billion market within the U.S. and growing in double digits year-over-year, with a 40 to 50 percent penetration rate. Consumer adoption continues to extend, likely as a consequence of post-pandemic wellness trends, experts say. “Consumers couldn't go to the doctor or the hospital...

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2 Sep

Fast Facial Bars Proceed to Grow – WWD

by Beautifaire101

Beauty, Featured

The expansion of fast facial bars isn’t expected to decelerate any time soon. Over the past 12 months, the fast facial market has gained traction with consumers and investors alike. In January, Glowbar, known for its 30-minute $65 facials, closed a $10 million series A round. Last December, Heyday received $12 million in series B extension following a $20 million investment two years before. And while Silver Mirror has been self-funded thus far, the model is expanding with plans to shut the 12 months with 10 total locations, doubling down on Latest York and Miami. The expansion of this market directly reflects consumer interest in wellness services — in line with a 2022 report from McKinsey, 45 percent of consumers intend to...

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29 Jul

Price Hikes Proceed to Boost P&G – WWD

by Beautifaire101

Beauty, Featured

Price hikes across the board continued to spice up sales at Procter & Gamble during its fiscal fourth quarter. The patron goods giant, whose brands include Oral-B, Head & Shoulders, Olay, Gillette and Pampers to call just just a few, reported net sales between April and June were $20.6 billion, a rise of 5 percent versus the prior 12 months and a touch above the $20 billion forecasted by analysts polled by Factset. Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, increased 8 percent, attributable to a 7 percent increase from higher pricing as P&G, like much of the industry, continues to lift prices within the face of high inflation. Nonetheless, volume sales slipped 1 percent. Inside that,...

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