Featured Posts

To top
Title Image

Evolve Tag

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...
Continue reading
0 Comments
4 Sep

Supply Chain Strain, Altered Shopper Habit Evolve China Beauty

by Beautifaire101
Beauty, Featured
SHANGHAI — Shanghai‘s prolonged COVID-19-related lockdowns in April forced beauty brands to halt production for a minimum of a month, sending shockwaves through the industry. “Supply chain capability was a much larger differentiating factor than the primary time around,” said Melinda Hu, senior analyst at Bernstein. “Shanghai was negatively impacted on countrywide sales, each online and offline.” With warehouses near Shanghai, Estée Lauder and Shiseido “had severely restricted their distribution operations,” said Hu. “Nevertheless, for L’Oréal, which had a broader set of distribution assets across the country, the impact was less severe. “Domestic brands with headquarters in Shanghai, similar to Shanghai Jahwa, Jala Group, Shanghai Chicmax and Percaline saw significant declines. With the lifting of the lockdown in Shanghai, we expect to see...
Continue reading
0 Comments