Mass Retailers Bet on Beauty to Attract Shoppers

24 Apr

Could beauty be the prescription to spice up drugstore foot traffic? That’s one topic on the agenda as brand and retail executives meet on the National Association of Chain Drug Stores Annual Meeting kicking off on April 27 at The Breakers Hotel in Palm Beach, Fla. Greater than 50 retailers — including Walgreens, Goal and Amazon — are registered together with beauty leaders from Coty, L’Oréal, Procter & Gamble and Unilever. Smaller firms like Raw Sugar and first-timer Onyx Brands are scheduled to satisfy with retailers in hopes of staking out an even bigger slice of the $93 billion total beauty category, as tracked by Circana. While pharmacy, which accounts for as much as 70 percent of sales in some drugstores, traditionally dominates...

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26 Dec

Buyers and Retailers on Cosmoprof North America’s Key Trends

by Beautifaire101

Beauty, Featured

Back in full force, Cosmoprof North America’s 2022 iteration in Las Vegas saw pandemic-era trends come to fruition. Retailers and market researchers agreed that the industry was largely unscathed as macroeconomic pressures rise, with time-tested phenomenons just like the lipstick index in full effect. “It’s that conjunction of beauty and wellness products. Caring for yourself, taking good care of your skin and feeling beautiful,” said Mimi Udezue, Goal’s senior beauty buyer. “That’s resonating with people, even when there are things which you could’t control which can be happening. People want to search out ways to offer themselves little moments of joy, and wonder’s a simple way we’re in a position to provide that for them. Here, retailers and market researchers on Cosmoprof North...

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28 Nov

Despite Successful Black Friday Weekend, Retailers Remain Cautious on Holiday

by Beautifaire101

Beauty, Featured

It’s one other season of mood swings for retailers. Black Friday weekend saw heady online gains and an OK turnout at stores, putting retail executives on a brief high. Yet while consumers responded to the barrage of price promoting over the past week — with dry and cooler weather encouraging them to get out and buy gifts and winter styles — after Cyber Monday retailers anticipate a serious lull in business until about 10 days before Christmas. Industrywide, caution over the general holiday outlook stays and no person is able to revise the conservative forecasts for fourth-quarter low-single-digit revenue increases or declines, despite last weekend’s end result. As Jeff Gennette, the outgoing chairman and chief executive officer of Macy’s Inc., told WWD on...

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28 Jun

How AI Is Helping Retailers Right-size Inventory

by Beautifaire101

Beauty, Featured

No garment, regardless of how durable, how locally sourced, how biodegradable, how persistently it will probably be recycled, can ever be as sustainable because the garment that was never made. With that eye toward sustainability, in addition to cutting waste from the expense line, Rachel Liaw launched Fuse Inventory in 2016, a hyper-advanced version of the Excel spreadsheet still getting used by many firms. “The concept [of building supply chain software] seems quite simple — you simply forecast your demand and you simply buy that, but there’s at all times disruptions, and I believe the pandemic really shone a highlight on what happens when these disruptions multiply and you possibly can not just throw people at the issue,” Liaw said. AI-driven inventory tracking...

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