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HBA Global Conference Looks At Impact Of Digital, Ecommerce, Social Media On Cosmetics Market

August 5, 2014: 12:00 AM EST
The 2014 HBA Global conference held in New York City on June 10–12 featured speakers who discussed the impact of ecommerce, digital products, and social media on the cosmetics industry. TSG Consumer Partners operating partner Diane Miles cited data from Euromonitor International showing sales of beauty and personal care products online increased 15 percent CAGR in 2008–2013, compared with 4 percent increase in total global sales. Marina Maher Communications chief of digital strategy and social media strategy discussed digital technology’s disruptive impact on the beauty industry. He highlighted the potential of the Mink 3D printer to upset the market with its features allowing women to print make-up using ink and substrates approved by the FDA.
Virginia Lee, "HBA Global 2014 Recap: Beauty Goes Digital", Euromonitor International, August 05, 2014, © Euromonitor International
Domains
BEAUTY BUSINESS
Innovation
Market News
Online
Geographies
Worldwide
North America
United States of America

Chinese Women Visiting South Korea Drive Growth In Duty-Free And Cosmetics Industries

August 4, 2014: 12:00 AM EST
Female tourists from China are helping boost the stock prices of duty-free and cosmetics companies in South Korea, according to a report by the Huanqiu website. In June 2014, 305,000 Chinese women visited South Korea, according to data from the country’s financial investment and tourism information system. China, Hong Kong, and Taiwan accounted for 54.7 percent of South Korea’s cosmetics exports in June 2014. For the period July 1 to August 1, the stocks of cosmetics manufacturers LG Household & Health Care Co. Ltd. and AmorePacific rose 8 percent and 20 percent, respectively.
"Chinese female tourists boost stocks of ROK cosmetics", ECNS.cn, August 04, 2014, © Chinanews.com
Domains
BEAUTY BUSINESS
Brands
Consumers
Market News
Geographies
Worldwide
Asia-Pacific
China
South Korea

L'Occitane 25th-Largest Personal Care Company, Happi Magazine's 2014 List Says

August 1, 2014: 12:00 AM EST
L’Occitane was ranked 25th on Happi magazine’s 2014 International Top 30 Household and Personal Products Companies. For the year ending March 31, 2014, the company reported net sales rose 1.1 percent to $1.4 billion. At constant exchange rates, however, net sales grew 9.4 percent, the company said. During the same period, as part of the company’s efforts to expand its retail operations, L’Occitane increased the number of its stores to 1,295, while renovating and relocating 121 branches. Online retail was the company’s fastest-growing channel and accounted for about 7 percent of total retail sales during the fiscal year.
"The International Top 30 – 25. L’Occitane", Happi, August 01, 2014, © Rodman Media
Domains
BEAUTY BUSINESS
Brands
Market News
Operations
Strategy
Geographies
Worldwide
EMEA
Europe
France

P&G Keen On Selling Up To 100 Non-Core Brands, CEO Says

August 1, 2014: 12:00 AM EST
Procter & Gamble plans to sell 90 to 100 mostly minor brands as part of its efforts to refocus business operations on its 70 to 80 core and bestselling brands, according to company CEO A.G. Lafley. Speaking with the “Enquirer” magazine, Lafley said size of sales will not be his company’s sole criteria for letting go of brands. Without naming any brand, he said P&G will sell even large brands that do not fit the company’s beauty, fabric care, and other core businesses. Also, the company’s top 70 to 80 brands account for 90 percent of the company’s total sales and 95 percent of profits.
Alexander Coolidge, "P&G to shed more than half its brands", The Cincinnati Enquirer , August 01, 2014, © Gannett
Domains
BEAUTY BUSINESS
Brands
Operations
Strategy
Geographies
Worldwide
North America
United States of America

Henkel Sales Teams Win Awards In 2014 Trophees LSA Des Forces De Vente

August 1, 2014: 12:00 AM EST
Henkel’s sales teams won two awards at the 2014 Trophées LSA des Forces de Vente, or FMCG’s Sales Forces Award Ceremony, organized by France’s leading retail industry magazine LSA. Henkel’s Adhesive Technologies sales team won in the Do-It-Yourself category while the Henkel sales team grabbed the Best Sales Operation Prize in the Laundry & Home Care category.
"Awards for Henkel’s sales teams", Henkel, August 01, 2014, © Henkel AG & Co. KGaA
Domains
BEAUTY BUSINESS
Marketing
Operations
Geographies
Worldwide
EMEA
Europe
France

UK Color Cosmetics Market Worth £1.5 In 2013, Study Shows

August 1, 2014: 12:00 AM EST
In the UK, total sales of color cosmetics grew 6 percent to £1.5 billion in 2013, compared with the £1.4 billion sales in the previous year, according to market research firm Mintel. Data also revealed that sales of mass market color cosmetics are forecast to reach £1 billion in 2014, with prestige makeup sales predicted at £552 million. Prestige cosmetics accounted for 35 percent of total sales, or £531 million, compared with 34 percent, or £491 million, in 2012. Mass market cosmetics’ share of the total sales, however, fell from 66 percent, or £939 million, in 2012 to 65 percent, or £986 million, in 2013.
"More than skin deep: Mass market colour cosmetics set to hit £1 billion in 2014", Mintel, August 01, 2014, © Mintel Group Ltd.
Domains
BEAUTY BUSINESS
Consumers
Market News
Trends
Geographies
Worldwide
EMEA
Europe
United Kingdom

Natura Is 10th-Largest Personal Care Company In 2014, Happi Magazine Says

August 1, 2014: 12:00 AM EST
Natura was ranked 10th in the 2014 edition of Happi magazine’s International Top 30 Household and Personal Products Companies. In 2013, the company reported sales grew 13 percent, driven by strong sales numbers from Australian premium cosmetics brand Aesop. Also, the company said domestic sales regained growth mode in the second half of 2013, while international sales were strong the whole year. In 2013, international operations accounted for more than 14 percent of the company’s total revenue for the year. Data also revealed the company benefitted from being the largest local operator in Brazil’s cosmetics market.
"The International Top 30 – 10. Natura", Happi, August 01, 2014, © Rodman Media
Domains
BEAUTY BUSINESS
Brands
Market News
Operations
Strategy
Geographies
Worldwide
Latin America
Brazil

Procter & Gamble Reports Slight Sales Increase For FY 2014

August 1, 2014: 12:00 AM EST
Procter & Gamble Company reported net sales increased 1 percent to $83.1 billion in fiscal year 2014, compared with the previous year. Core earnings per share reached $4.22, 5 percent higher than the previous year. Without considering the impact of foreign exchange, core earnings per share rose 14 percent. Diluted net earnings per share were $4.01, while organic sales grew 3 percent. For the April–June 2014 quarter, the company reported core earnings per share were $0.95, 20 percent higher than the previous year. Currency-neutral core earnings per share grew 25 percent, the company said.
"P&G Delivers Fiscal Year Commitments; Organic Sales Increase 3%, Core Earnings Per Share up 5%", Procter & Gamble, August 01, 2014, © Procter & Gamble
Domains
BEAUTY BUSINESS
Operations
Strategy
Geographies
Worldwide
North America
United States of America

PZ Cussons Owns 27th Spot On Happi's 2014 List Of Largest Household And Personal Care Manufacturers

August 1, 2014: 12:00 AM EST
PZ Cussons landed on the 27th spot of Happi magazine’s International Top 30 Household and Personal Products Companies. For its fiscal year ending May 31, 2013, the company reported revenue increased 2.8 percent to $1.3 billion, driven by innovations in beauty and home care. Revenue and profit also grew in all regions of its Africa, Asia, and Europe markets. Recent developments include the company’s acquisition of Australian baby food brand Rafferty’s Garden and the sale of Cussons’ Polish household care brands. Also, the company partnered with Wilmar to build a palm oil refinery in Nigeria.
"The International Top 30 – 27. PZ Cussons", Happi, August 01, 2014, © Rodman Media
Domains
BEAUTY BUSINESS
Brands
Market News
Operations
Strategy
Geographies
Worldwide
EMEA
Europe
United Kingdom

Shiseido Grabs 6th Spot On Happi Magazine's 2014 List Of Largest Household And Personal Care Companies

August 1, 2014: 12:00 AM EST
Shiseido was ranked 6th on the Happi magazine’s 2014 International Top 30 Household and Personal Products Companies. For its fiscal year ending March 31, 2014, the company reported sales increased more than 12 percent, with domestic sales slightly going up by 1.1 percent and international sales posting a much higher 26.4 percent increase. Sales growth was driven by gains in net sales and positive exchange rates. Sales in Japan accounted for 51 percent of total sales, the company said.
"The International Top 30 – 6. Shiseido", Happi, August 01, 2014, © Rodman Media
Domains
BEAUTY BUSINESS
Brands
Market News
Operations
Strategy
Geographies
Worldwide
Asia-Pacific
Japan

Shiseido Posts Impressive Sales And Revenue Numbers For Year Ending March 31, 2014

August 1, 2014: 12:00 AM EST
Shiseido reported consolidated net sales grew 12.4 percent for its fiscal year ending March 31, 2014, with domestic sales rising 1.1 percent year on year and overseas figures expanding by 26.4 percent. Operating income jumped impressively by 90.6 percent, helped by higher marginal income due to increased sales and foreign exchange gains. Also, consolidated operating profit for the period rose 6.5 percent, with consolidated return on equity at 8.4 percent and overseas sales ratio at 50.5 percent. Net sales grew 12.4 percent to 762.047 billion yen, compared with the previous fiscal year.
"Shiseido Company Annual Report for the year ended March 31, 2014", Shiseido, August 01, 2014, © Shiseido Co.,Ltd
Domains
BEAUTY BUSINESS
Operations
Strategy
Geographies
Worldwide
Asia-Pacific
Japan

L'Oreal Second-Largest Personal Care Company, Happi Magazine's List Shows

August 1, 2014: 12:00 AM EST
L’Oreal was ranked number 2 on Happi magazine’s 2014 International top 30 Household and Personal Products Companies. In 2013, the company reported sales increased 2.3 percent, with the New Markets posting a 3.3 sales growth to $11.6 billion, Western Europe sales rising by 1.1 percent to $10.2 billion, and North America by 2.8 percent to $7.3 billion. In the first quarter of 2014, the company reported sales dropped 2.2 percent to $7.8 percent; however, sales grew 3.5 percent on a like-for-like basis and 2.8 percent at constant exchange rates.
"The International Top 30 - 2. L’Oreal", Happi, August 01, 2014, © Rodman Media
Domains
BEAUTY BUSINESS
Brands
Market News
Operations
Strategy
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Worldwide
EMEA
Europe
France

E-Land Group Eyeing Korean Cosmetics Firm Able C&C, Reports Say

August 1, 2014: 12:00 AM EST
Retailer E-Land Group is reportedly considering the acquisition of budget cosmetics company Able C&C, owner of the Missha and A’Pieu brands of beauty products. In July, E-Land was rumored as having commissioned Samil PricewaterCoopers to conduct a due diligence on the cosmetics company’s finances and business operations. Earlier in April, E-Land Group vice chairwoman Park Sung-kyung said her company might consider buying a cosmetics company it sees as a “good buy”. Both companies, however, denied reports of merger talks.
Bae Ji-sook , "Will E-Land buy Missha?", The Korea Herald, August 01, 2014, © Herald Corporation
Domains
BEAUTY BUSINESS
Market News
Operations
Strategy
Geographies
Worldwide
Asia-Pacific
South Korea

Lower Cost Of Sales Helps Improve L'Oreal's Revenue In 1H 2014

July 31, 2014: 12:00 AM EST
L’Oreal reported like-for-like sales grew 3.8 percent to €11.17 billion in the first half of 2014. Also, the company said operating profitability was at 18.2 percent of sales. Gross profit was at €8.023 billion, or 71.8 percent of sales, 10 basis points higher than the 71.7 percent recorded in the first half of 2013. Overall operating profit was €2.029 billion, a 0.2 percent growth and 18.2 percent of sales. Operating profit growth would have been 4.5 percent at constant exchange rates. Net profit from continuing operations was flat at €1.773 billion, compared with that of the first half of the previous year; however, net profit attributable to owners of the company grew 1.5 percent to €1.734 billion, the company said.
"L’Oreal Reports First-half 2014 Results", L’Oreal, July 31, 2014, © L’Oreal
Domains
BEAUTY BUSINESS
Market News
Operations
Strategy
Geographies
Worldwide
EMEA
Europe
France

Avon's Sales And Revenue Woes Continue In 2Q 2014

July 31, 2014: 12:00 AM EST
Avon Products, Inc. reported total revenue decreased 13 percent, or 3 percent in constant exchange rates, to $2.2 billion in the second quarter of 2014. Total unit sales declined 6 percent, with price/mix rising 3 percent during the period. According to the company, the number of active sales representatives dropped 6 percent; however, average order value increased 3 percent. Sales of beauty products dropped 13 percent. Avon also revealed its operating profit was $93 million, with operating margin of 4.3 percent during the quarter. Adjusted operating profit was $186 million and adjusted operating margin at 8.5 percent, 100 basis points lower compared with the second quarter of 2013.
"Avon Reports Second-Quarter 2014 Results", Avon Company, July 31, 2014, © Avon Products, Inc.
Domains
BEAUTY BUSINESS
Market News
Operations
Strategy
Geographies
Worldwide
North America
United States of America

Kao Announces Strong Sales Growth In 1H 2014

July 29, 2014: 12:00 AM EST
Kao Corporation reported net sales rose 6.6 percent to 665.9 billion yen for the six-month period ending June 30, 2014, compared with the same period in 2013. Operating income grew 14.9 percent to 49.3 billion yen, while net income expanded 73.3 percent to 31.6 billion yen. Factors affecting the company’s financial performance during the period include the moderate recovery in the global economy and in the local market. Japan’s household and personal care markets grew 4 percent during the period, with the cosmetics market posting a 2 percent expansion.
"Kao Corp. Summary of Consolidated Business Results for the Six Months Ended June 30, 2014", Kao Corporation, July 29, 2014, © Kao Corporation
Domains
BEAUTY BUSINESS
Market News
Operations
Strategy
Geographies
Worldwide
Asia-Pacific
Japan

Demand For Health And Well-Being Benefits Drives Growth In Personal Care, Beauty Markets In Germany

July 23, 2014: 12:00 AM EST
In Germany, demand for health and well being is driving consumers’ buying decisions for personal care and beauty products, according to a white paper published by market research firm Euromonitor International. According to analysts, successful product launches are those that are able to highlight their health benefits, as well as the “hygiene-maintenance properties” they provide. Data revealed that Unilever, after its merger with Sara Lee, became Germany’s largest vendor in the bath and shower segment in 2013, grabbing 17 percent of the market.
Lucy Whitehouse, "A health-conscious nation? Wellbeing trend driving beauty in Germany", Cosmetics Design , July 23, 2014, © William Reed Business Media SAS
Domains
BEAUTY BUSINESS
Consumers
Market News
Trends
Geographies
Worldwide
EMEA
Europe
Germany

Procter & Gamble Leads The Field In TV Ad Spending In US Market

July 23, 2014: 12:00 AM EST
Procter & Gamble spent $3.173 billion on television advertising in the United States in 2013, according to market research firm Kantar. Data from Kantar also revealed General Motors spent $1.794 billion while L’Oreal spent $1.549 billion. While P&G remains convinced about the value of TV advertising as a platform for promoting beauty and personal care products, other cosmetics companies believe digital marketing now offers more value. L’Oreal’s digital marketing head in Australia Christophe Eymery said digital channels and the Internet have almost overtaken the television in terms of media consumption by consumers.
Lucy Whitehouse , "P&G devotes twice as much to TV advertising as next biggest spender", Cosmetics Design , July 23, 2014, © William Reed Business Media SAS
Domains
BEAUTY BUSINESS
Advertising
Brands
Marketing
Geographies
Worldwide
North America
United States of America

Men's Vanity On The Rise? Euromonitor Study Highlights Consumer-Driven Growth In Men's Grooming Market Worldwide

July 22, 2014: 12:00 AM EST
Men worldwide are increasingly using beauty and personal care products, with men in emerging markets more likely to adopt “modern, sporty, and trendy styles”, compared with their counterparts in developed markets, according to Euromonitor International. While men in developed markets tend to focus on “basic, simple, and low maintenance routines”, male consumers in both developed and emerging markets are spending more money and time on improving their physical appearances. Data revealed one-third of men spend more than 30 minutes daily grooming, with 85 percent of men who use deodorant in the past three months using it daily to maintain their fresh smell, according to the results of Euromonitor’s survey of 6,600 online consumers in 16 markets worldwide in 2014. While majority of men prefer to keep their haircare routine simple, with shampoo their only daily-routine product, about 40 percent also use hair conditioners, a trend that is more pronounced among men in India and Latin America.
Lisa Holmes and Jocelyn Dautel , "Men's Grooming Habits in Emerging and Developed Markets", Euromonitor International, July 22, 2014, © Euromonitor International
Domains
BEAUTY BUSINESS
Consumers
Market News
Geographies
Worldwide

Coty Eliminates Two Divisions In Reorganization

July 9, 2014: 12:00 AM EST
Coty Inc. is reorganizing itself around product/brand categories and global regions, eliminating its two standalone divisions, Coty Prestige and Coty Beauty. The strategy is to sharpen innovation within product categories by bringing a “more holistic view of consumer evolution and growth opportunities,” the company said. Under the new structure, Coty Beauty president Renato Semerari will become president of categories and innovation, which will include marketing, R&D, and communications. Brands will be organized by category: fragrance, skin care, color cosmetics and body care. Jean Mortier, former president of Coty Prestige, will become president of global markets.
"Coty Inc. Announces New Organizational Structure And Leadership Under Michele Scannavini", News release, Coty, July 09, 2014, © Coty Inc.
Domains
BEAUTY BUSINESS
Market News
Operations
Geographies
Worldwide
North America
United States of America

Sephora Strengthens Digital Business By Bringing Web Development In-House

June 26, 2014: 12:00 AM EST
Cosmetics retailer Sephora improved its mobile and web-based operations by moving its web development in-house and creating an internal digital development team, according to the company’s chief marketing officer and chief digital officer Julie Bornstein. Sephora outsourced the development of the original Sephora.com website, something that Bornstein immediately saw as insufficient for the retailer’s need for a strong and flexible platform for its current and future digital operations. She said Sephora’s integration of digital operations into its core business has positioned the company for ecommerce success, as well as enabled it to stay in touch with what customers want.
Dan McGinn , "How Sephora Reorganized to Become a More Digital Brand", Harvard Business Review, June 26, 2014, © Harvard Business School Publishing
Domains
BEAUTY BUSINESS
Online
Operations
Retail
Strategy
Geographies
Worldwide
North America
United States of America

L'Oreal Buys NYX Cosmetics For Growth And YouTube Marketing Tips

June 24, 2014: 12:00 AM EST
L’Oreal said it plans to acquire NYX Cosmetics from private equity firm HCP & Co., a move that will give the cosmetics giant a YouTube presence that is bigger in some aspects than what it has been able to so far. Although not a slacker actually in digital and social media, L’Oreal’s efforts on YouTube have never been as dramatic and as effective as those of NYX Cosmetics, which expects to see global sales exceed $100 million in 2014, thanks in large part to YouTube and other social media platforms. In 2013, NYX Cosmetics’ sales grew 46 percent to $72 million, compared with sales in 2012.
Jack Neff, "How NYX Beat Acquirer L'Oreal's Flagship Brand on YouTube", Advertising Age, June 24, 2014, © Crain Communications
Domains
BEAUTY BUSINESS
Operations
Strategy
Geographies
Worldwide
North America
EMEA
United States of America
Europe
France

Iran's Cosmetics Market Thrives; Shows Signs Of More Growth

June 24, 2014: 12:00 AM EST
Iran, a country with a women population of more than 38 million, is the second-largest cosmetics market in the Middle East in terms of revenue and seventh worldwide. Although women are required to wear a veil and despite the economic hardships affecting the country, daily wearing of makeup is more prevalent than in some Western countries. For example, market analysts claim Iranian women buy about one tube of mascara per month, compared with one every four months by their French counterparts. L’Oreal’s luxury brand Lancome returned to the country after decades of being away, encouraged by the size and growth potential of the market. Iran’s cosmetics market, however, is dominated by unofficial distributors and resellers, with official distributors accounting only for 40 percent of the market. Imports are expensive, with prices driven by strict government rules and red tape.
"Makeup speaks volumes for Iran's 38 million women", NY Daily News, June 24, 2014, via AFP RELAXNEWS, © AFP RELAXNEWS
Domains
BEAUTY BUSINESS
Consumers
Market News
Geographies
Worldwide
EMEA
Middle East- Africa
Iran

Local Brands Dominate South Korea's Cosmetics Market

June 24, 2014: 12:00 AM EST
In South Korea, imported cosmetics brands accounted for 23 percent of the market in 2013, down from 26 percent in 2009, while local cosmetics brands’ share of the market rose to 57 percent from 47 percent in 2008, according to Kyobo Securities. This trend is driven by continuing economic difficulties faced by consumers who are consequently becoming more price conscious. Sales of cosmetics at retailer Lotte Department Store, which sells mostly imported brands, grew 11 percent in 2011 from 2010; however, sales dropped 2.4 percent in 2013. Sales declines are forcing foreign brands to raise prices, including French brand Dior, which said it plans to increase prices by an average of 1.8 percent.
Koo Hui-Lyung, Lee Eun-Joo , "Local brands dominate market for makeup", Korea JoongAng Daily, June 24, 2014, © JoongAng Ilbo
Domains
BEAUTY BUSINESS
Brands
Market News
Products & Pricing
Geographies
Worldwide
Asia-Pacific
South Korea

How CPG Manufacturers, Retailers Can Take Advantage Of The Health/Wellness Mega-Trend

June 19, 2014: 12:00 AM EST
A report from a marketing consultancy addresses the health and wellness trend that has become so important to the consumer packaged goods (CPG) industry. The report looks at the nutritional, social, environmental, emotional, spiritual and physical facets of the huge trend, and provides tips to manufacturers and retailers on how to capitalize on the opportunities. Retailers have launched several initiatives, including comprehensive wellness programs coordinated by staff dietitians; collaborations with schools, hospitals and adult living facilities; and mobile and Internet-based nutrition education programs.
"The Health & Wellness 360° Hot Topic Report", Report, Acosta Sales & Marketing, June 19, 2014, © Acosta Sales & Marketing
Domains
BEAUTY BUSINESS
Market News
Marketing
Research
Geographies
Worldwide
North America
United States of America

Lush Moves From Conventional To Organic Cocoa Butter

June 19, 2014: 12:00 AM EST
Lush Cosmetics said it will start replacing its whole cocoa butter supply chain with Fair Trade Organic cocoa butter from the Dominican Republic in summer 2014. Driven by the natural products company’s campaign to offer pesticide- and chemicals-free cosmetics, the switch is also made possible by the narrowing gap between conventional and organic cocoa butter prices in the market. According to Lush, promoting cocoa-producing sites across the globe will help “ensure traceability” and will have positive impact on local cocoa-growing communities.
"Lush Switches Cocoa Butter Formulation", Happi, June 19, 2014, © Rodman Media
Domains
BEAUTY BUSINESS
Operations
Strategy
Geographies
Worldwide
EMEA
Europe
United Kingdom

Estee Lauder Picks New Agency To Handle Global Account

June 19, 2014: 12:00 AM EST
Estée Lauder appointed Johannes Leonardo as its global advertising agency following a review of its worldwide advertising account. According to market research firm Kantar Media, the company spent about $100 million in media in the United States in 2013. No data for global advertising spending were available. The global account includes traditional and digital advertising.
Andrew McMains, "Estée Lauder Hires an Agency for Global Assignment", Adweek, June 19, 2014, © Adweek
Domains
BEAUTY BUSINESS
Advertising
Marketing
Operations
Strategy
Geographies
Worldwide

Revlon Plans To Launch Professional Beauty Business In India In 2015

June 15, 2014: 12:00 AM EST
Cosmetics company Revlon said it plans to launch its professional beauty products business in India in 2015, as part of its efforts to compete with international rivals, including L’Oreal, Schwarzkopf, and Wella Professionals. As part of the planned venture, Revlon plans to import new products and may later plan to manufacture them in the country. Revlon said the market for professional products, which are used and retailed by beauty salons and parlors, could be worth Rs 1,200 crore annually.
"Revlon to enter professional products space in India next year", Business Standard, June 15, 2014, © Business Standard Ltd.
Domains
BEAUTY BUSINESS
Operations
Strategy
Geographies
Worldwide
Asia-Pacific
India

Ulta Beauty Slows Expansion Pace; Focuses On Long-Term Strategies

June 5, 2014: 12:00 AM EST
Cosmetics company Ulta Beauty plans to open 100 stores in the United States in 2014 as part of its goal of having 1,200 stores across the country, according to company CEO Mary Dillon. Speaking at the meeting of the company’s shareholders, Dillon said the company expects same-store sales to grow 4–6 percent, lower than the previous year’s 7.9 percent. Ulta, which reported revenue grew 20 percent to $2.7 billion in 2013, said it plans to slow down its expansion as the company focuses more on long-term strategies, which include building its supply chain and improving its customer loyalty program. Since 2009, Ulta has acquired 90 brands, some of which are exclusive to the company, as well as added 83 high-end boutiques to its stores.
Alexia Elejade-Ruiz , "Ulta eyes 100 new store openings this year amid slower expansion", Chicago Tribune , June 05, 2014, © Chicago Tribune Company, LLC
Domains
BEAUTY BUSINESS
Operations
Retail
Strategy
Geographies
Worldwide
North America
United States of America

Coty Appoints Li & Fung As Distributor Of Some Brands In China

June 3, 2014: 12:00 AM EST
Coty Inc. appointed Li & Fung as distributor of some of its brands, including adidas, Rimmel, and Playboy, in China. Marking a change in Coty’s marketing strategy for mass-distribution brands in China, the deal will allow Coty to use Li & Fung’s expansive distribution network in the country, as well as the local distributor’s strengths in the go-to-market business. Coty also announced its plan to stop selling the TJoy brand and instead focus on its leading global brands, which have more potential for growth in the China market. According to the companies, the deal will take effect on July 1, 2014.
"Coty Inc. And Li & Fung Announce A Distribution Agreement In China", PRNewswire, June 03, 2014, © PR Newswire Association LLC
Domains
BEAUTY BUSINESS
Brands
Marketing
Operations
Strategy
Geographies
Worldwide
Asia-Pacific
China

Japan Heeds Calls For Cruelty-Free Cosmetics Manufacturing

June 2, 2014: 12:00 AM EST
In Japan, the world’s second-largest market for beauty products, politicians, scientists, and animal protection groups are calling for an end to animal testing of new cosmetic products and related ingredients. Humane Society International’s Research and Toxicology Department director Troy Seidle said Europe “set the standard for the rest of the world” after its adoption of “cosmetics cruelty-free” principles in March 2013. Shiseido, one of the country’s leading cosmetics companies, announced in March 2013 its move to stop animal testing on all products, except those for export to China. Other local cosmetics companies also became “cruelty-free”, including Miss Apricot, D-fit, and Seikatsu no Ki. International cosmetics firms, such as The Body Shop and Lush, also declared they comply with cruelty-free standards.
Louise George Kittaka, "Japan urged to make its cosmetics ‘cruelty-free’", The Japan Times, June 02, 2014, © The Japan Times LTD
Domains
BEAUTY BUSINESS
Market News
Regulation
Geographies
Worldwide
Asia-Pacific
Japan

L'Oreal Second Most Popular Employer In Europe, Universum Student Survey Says

May 21, 2014: 12:00 AM EST
L’Oreal emerged as the second most attractive employer in Europe, according to European business students who participated in Universum’s “Europe’s Most Attractive Employers Ranking” report. Conducted between October 2013 and March 2014, the Universum Student Survey covered students in 12 European countries, including France, Germany, UK, and Russia, and determined the preferences of more than 130,000 students and career seekers across the continent. L’Oreal receives about 1 million job applications each year, the company said.
"L’Oreal is the Number 2 Most Attractive Employer in Europe According to Universum Survey ", L’Oréal, May 21, 2014, © L’Oréal
Domains
BEAUTY BUSINESS
Operations
Strategy
Geographies
Worldwide
EMEA
Europe

Personal Care Companies Rethink Strategies For Middle East, Other Muslim Markets

May 19, 2014: 12:00 AM EST
Western personal care manufacturers are revising their products, packaging, and marketing strategies to target consumers in the Middle East and other Muslim markets. For example, Henkel AG is marketing its Gliss Restore & Refresh shampoo as a product designed to deal with hair care issues caused by long-term use of a head scarf, such as split ends, itchy scalp, and unpleasant odor; rival Unilever PLC is also pushing its Sunsilk shampoo to deal with the same issues. Procter & Gamble Co.’s Olay brand is marketing its skin-lightening creams to Persian Gulf customers, while Beiersdorf AG’s Nivea brand is using love stories by female Middle Eastern writers to market its Sensual Musk body lotion. Cosmetics products account for about 9 percent of the global Halal market currently valued at $2.1 trillion, according to a 2013 report by Malaysia-based Halal Industry Development Corp.
Peter Evans and Caitlan Reeg, "Personal-Care Firms Uncover New Markets", Wall Street Journal, May 19, 2014, © Dow Jones & Company, Inc.
Domains
BEAUTY BUSINESS
Brands
Market News
Marketing
Strategy
Geographies
Worldwide
EMEA
Middle East- Africa

L'Oreal Expanding Direct-Response Focus, Executive Says

May 16, 2014: 12:00 AM EST
L’Oreal plans to expand its focus on direct response marketing in the United States, according to the company’s assistant vice president of US digital, Roxanne Barretto. She said the company’s DR efforts are in response to ecommerce and mobile marketing initiatives of its media and retail partners. Developments related to digital technology have also encouraged consumer packaged goods companies to study and adopt DR platforms, Barretto added. Leading CPG companies are also expanding their investments in digital marketing, she said.
"CPG Ad Spending 2014: L'Oreal Looking to Invest More in Direct Response", eMarketer , May 16, 2014, © eMarketer Inc.
Domains
BEAUTY BUSINESS
Marketing
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Millions Could Be Saved By Taking A Fresh Look At Direct Store Delivery Systems

April 30, 2014: 12:00 AM EST
A Honeywell report based on a survey of 350 C-level consumer goods execs and  directors from around the world says that millions of dollars could be saved annually if companies would re-evaluate their transportation systems using process re-engineering. Organizations that have tried process evaluations to improve direct store delivery (DSD) – how products are ordered, sold, delivered and merchandised – have cut costs an average of $734,000 a year. At least half the companies surveyed said increased transportation costs have damaged profit margins. Twenty percent said they expect to save a minimum of $1 million through DSD process re-engineering. Those with 3,000 or more employees expect to save at least $3 million.
"Direct Store Delivery ‘Can Save $3M Annually’", Environmental Leader, April 30, 2014, © Environmental Leader LLC.
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Garnier Expands Partnership With Comedian Tina Fey

April 17, 2014: 12:00 AM EST
Cosmetics brand Garnier USA announced its appointment of actress and comedian Tina Fey as spokesperson for the Garnier Skincare product line. Hair color brand Garnier Nutrisse’s endorser since 2011, Fey will be featured in a new advertising campaign set to launch in April 2014. Her endorsement deal with the brand covers all of Garnier Ultra-Lift skincare product line, which includes moisturizers, serums, and eye products. Garnier said the campaign will draw attention to its line of new anti-aging products, such as the Ultra-Lift Transformer wrinkle-fighting skin corrector and Ultra-Lift Anti-Wrinkle Firming Night Cream.
"Garnier Announces Tina Fey as the New Skincare Spokesperson", PR Newswire, April 17, 2014, © PR Newswire Association LLC
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L Oréal To Revamp Its Web Sites Using Customer Experience Management Software

April 16, 2014: 12:00 AM EST
The L'Oréal Group has chosen customer experience management software vendor Sitecore to help deliver a “compelling, personalized and immersive” digital experience for online customers. Sitecore provides a scalable framework for enhancing customer experiences across all of the company’s Web sites and brands. The software enables delivery of relevant content and personalized digital experiences and interactions that build loyalty and drive revenue.
"L'Oréal SA to Revolutionize Digital Beauty Experiences Globally with Sitecore's Experience Platform ", News release, Sitecore, April 16, 2014, © Sitecore
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Johnson & Johnson Reports Healthy Growth In 1st Q Sales, Profits

April 16, 2014: 12:00 AM EST
Johnson & Johnson posted a net first quarter profit of $4.7 billion ($1.64 per share) on sales of $18.1 billion, an increase of 3.5 percent over the first quarter of 2013. The company said U.S. sales were up 2.2 percent and international sales increased 4.5 percent, reflecting operational growth of 7.9 percent and a negative currency impact of 3.4 percent. The positive financial  results were driven by “successful new product launches and the continued growth of key products,” according to CEO Alex Gorsky.  The company boosted its earnings guidance for 2014 to $5.80 to $5.90 a share.
"Johnson & Johnson Reports 2014 First-Quarter Results", News release, Johnson & Johnson, April 16, 2014, © Johnson & Johnson Services, Inc
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Beauty Trends Show Impact Of Social Media

April 11, 2014: 12:00 AM EST
Euromonitor says the top trend in beauty -- whose sales growth slowed to five percent last year -- is cross-category alignment as consumers empowered by social media look for both convenience and novelty. Trying new products and services is easier and less risky these days because of the large amount of current information, particularly online reviews. The robust market for blemish balm and color control (BB/CC) creams is probably due to extensive online product information. Other top trends: expressing individual style in nail polish and nail art through “selfies”; a persistent craving for affordable luxury and instant gratification; strong interest in premium luxury brands; and an upsurge in novel retail and digital services to meet demand for new beauty “experiences”.
Nicole Tyrimou, "Top Five Beauty Trends in 2014", Euromonitor International, April 11, 2014, © Euromonitor International
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Sephora Spurns Australia's Leading Retailers; Will Open Stand-Alone Stores Instead

April 8, 2014: 12:00 AM EST
Cosmetics retailer Sephora plans to open its first stand-alone stores in Australia in 2015, according to industry sources. After talking with several retail chain operators, Sephora opted instead to go its own way. Sephora’s coming to Australia poses serious threat to retailers Myers’ and David Jones’ dominant positions in the country’s $1.8 billion high-end cosmetics and fragrance market. Together, the companies account for more than 60 percent of the market, serving as the main distribution channel for leading global brands, such as Estee Lauder and L’Oreal.
Sue Mitchell, "Sephora to open stores in Australia", Australia Financial Review, April 08, 2014, © Fairfax Media Publications Pty Ltd
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L'Oreal Buys Chinese Cosmetics Firm Magic Holdings International

April 8, 2014: 12:00 AM EST
L’Oreal acquired Chinese cosmetics company Magic Holdings International Limited, which marks the beauty company’s largest investment in the country so far. L’Oreal chairman and CEO Jean-Paul Agon said the deal strengthens the company’s leadership in China’s cosmetics market, currently the world’s third largest. Magic, which is China’s leading facial mask manufacturer, reported revenue grew 14 percent to €166 million in 2013. Currently the world’s number 1 beauty brand, L’Oreal reported its sales in China grew 10.2 percent to 13.28 billion yuan in 2013, marking the company’s 13th consecutive year of double-digit growth rate in the country.
"L'Oreal's acquisition of Magic Holdings marks firm's biggest investment in Chinese beauty market", L'Oreal, April 08, 2014, © L’Oréal
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Procter & Gamble Loses Unfair Competition Lawsuit Against South Korean Rival

April 6, 2014: 12:00 AM EST
Procter & Gamble was unable to convince South Korea’s Supreme Court that local cosmetics company Missha ran a marketing campaign damaging to the multinational corporation’s brand. P&G’s lawsuit arose from Missha’s commercials promoting its Time Revolution skin care product and asking consumers to compare the product with the more expensive SK-II’s Facial Treatment Essence. Although both products have watery texture and contain ingredients developed by fermentation, the court ruled that they are not the same. Also, asserting that the products have different sets of customers, the court upheld an appellate court’s ruling and ordered P&G to shoulder the costs of the lawsuit.
Kim Da-ye, "Missha wins lawsuit against P&G", Korea Times, April 06, 2014, © KoreaTimes.co.kr
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Beauty Market Growth Slows, As Split Between Affluent And Poorer Consumers Widens

April 4, 2014: 12:00 AM EST
The U.S. beauty and personal care market grew 1.8 percent last year, a slowdown from the 3.2 percent growth posted in 2012 and 4.3 percent in 2011. But these growth numbers mask a significant trend. There is a split in the retail world between moneyed and misfortunate consumers – and premium and mass market products – and it is evident in personal care and beauty. Affluent buyers tend to spend a lot of money on premium brand lipsticks, mascaras, and moisturizers. Sales in this sector grew 3.3 percent in 2013. Less well-off shoppers stick to mass brands, whose sales grew only 1.3 percent.
Claire Zillman, "The lipstick divide: In beauty sales, it's rich vs. poor", CNN Money, April 04, 2014, © Cable News Network. A Time Warner Company
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Cosmetics Market Grows In Australia; Competition Level Rises

April 3, 2014: 12:00 AM EST
Australia’s cosmetics market posted stable growth rate, according to market research firm IBISWorld; however, growing competition means beauty brands need to adjust to consumer demands and preferences to sustain market expansion. Market analysts said cosmetics companies can expand their market shares by developing products with multiple functions and by investing in digital marketing. Growing competition is driven by the increasing strength of the Australian dollar, the resulting growth in parallel imports, and the availability of lower-priced products sold online.
Lucy Whitehouse, "Cosmetics arena getting competitive in Australia", Cosmetics Design, April 03, 2014, © William Reed Business Media SAS
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Rising Male Consumerism Expected To Drive Growth In US Men's Grooming Market, Analysts Say

April 3, 2014: 12:00 AM EST
In the United States, sales of men’s toiletries are forecast to post steady growth in 2012–2017, according to market research firm Canadean. Data also revealed that growth will be driven by the rising millennial consumers, who are reaching 25 years or older during the period and who are demanding product innovation and aspiring for grooming and styling. According to the report, male consumerism in the country is forecast to drive growth in the premium segment of the market, with male consumers who belong to the highest-income group more ready and willing to make premium purchases.
Lucy Whitehouse, "Millennial men driving male grooming in US", Cosmetics Design, April 03, 2014, © William Reed Business Media SAS
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UK's Market For Alphabet Creams Grows 3.5 Times In 2013

April 3, 2014: 12:00 AM EST
In the UK, the market for alphabet creams for skincare grew 350 percent to reach £10.6 million in 2013 from £3 million in 2012, according to market research firm NPD. Growing beyond a niche status and taking sales away from other categories, such as tinted creams, alphabet creams first gained fans as BB creams designed to cover up simple skin blemishes. Some of the famous alphabet cream brands in 2013 include Clinque’s Moisture Surge CC cream and Skin Perfection BB cream from Clarins.
Simon Pitman, "Brits are all over alphabet creams… and EE cream is on the way!", Cosmetics Design, April 03, 2014, © William Reed Business Media SAS
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L'Oreal Opens Maison Lancome Store At Beijing Airport's Terminal 3

March 31, 2014: 12:00 AM EST
L’Oréal Travel Retail Asia Pacific opened its Maison Lancôme store at the Beijing Airport’s Terminal 3, the world’s biggest airport terminal. Described by the company as an “important milestone,” the store features a podium design aimed at promoting the cosmetics company’s leading brands Advanced Génifique, Absolue, and Absolue L’Extrait. Featuring a high-tech skincare analysis machine, the store also includes the company’s first Wonderland merchandising showcase in Asia.
Rebecca Mann, "L’Oréal Travel Retail opens Maison Lancôme at Beijing Terminal 3", The Moodie Report, March 31, 2014, © The Moodie Report
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L'Oreal Paris Enlists Zoe Saldana As Global Endorser

March 28, 2014: 12:00 AM EST
Cosmetics company L’Oreal Paris appointed actress Zoe Saldana as its international brand ambassador. As part of the endorsement deal, Saldana will appear in marketing campaigns, including print and television advertisements. L’Oreal Paris’ lineup of celebrity spokespersons includes Blake Lively, Ryan Reynolds, and Julianne Moore.
Marc Malkin , "Zoe Saldana Is the New Face of L'Oreal—See the Gorgeous Pic!", E! Online, March 28, 2014, © E! Entertainment Television, LLC
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Tom Ford Launches Online Retail Store

March 25, 2014: 12:00 AM EST
Fashion and cosmetics retailer Tom Ford launched its online store, allowing its loyal customers to buy products, such as the Shanghai Lily Private Blend perfume, directly from the manufacturer. Featuring the kind of photography the company has been known for, the online store includes a feature allowing shoppers to zoom in on products, such as eye shadows and blushes, making it easy to choose products. Also, by hovering their computer mice or cursors over some colors, shoppers can see sexy GIF, such as that of a woman biting her lip. The website also offers content, which includes news and updates about the company’s various brands.
Ruthie Friedlander , "Tom Ford Launches E-Commerce", Elle, March 25, 2014, © Hearst Communications, Inc
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Elizabeth Arden Introduces Line Of Professional Skincare Products

March 25, 2014: 12:00 AM EST
Prestige cosmetics company Elizabeth Arden, Inc. launched the Elizabeth Arden Rx line of professional skincare products. Developed for physician offices, the product line is aimed at four major skin conditions: aging, brightening, clarifying, and hydration. Through a partnership with US CosmeceuTechs, LLC, Elizabeth Arden created the product line, which includes in-office treatments and at-home products. Included in the company’s professional in-office treatments are anti-aging, brightening, clarifying, and hydrating peel products. Its at-home skincare regimen includes Triple Protection Factor SPF 50 and anti-aging, brightening, clarifying, and hydrating skincare regimens.
"Elizabeth Arden Introduces Elizabeth Arden Rx", Elizabeth Arden, March 25, 2014, © Elizabeth Arden, Inc.
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