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Tag: beauty

  • L’Oreal expands its beauty innovation program across North Asia

    L’Oreal expands its beauty innovation program across North Asia

    L’Oreal’s Big Bang Beauty Tech Innovation Program (Big Bang) has expanded across its North Asia markets, including a recent launch in Hong Kong and Taiwan.

    Launched in Mainland China in 2020, the program aims to drive growth in the beauty industry through key partnerships with startups, fostering a culture of co-creation and co-development of innovative beauty products and experiences.

    For instance, L’Oreal Japan partnered with the Ministry of Economy, Trade, and Industry last year to research skin and haircare technologies.

    Similarly, L’Oreal Korea has launched a dedicated digital tracking system following its collaboration with the Ministry of SMEs and Startups through an MOU at Viva Tech last year.

    This year, L’Oreal Taiwan has kicked off its Big Bang recruitment, focusing on a “Green Beauty Consumer Journey.” It has partnered with the Taipei Computer Association (TCA) to champion local sustainability innovations for a circular economy, eco-friendly design, and improved consumer engagement.

    Meanwhile, L’Oreal Hong Kong has introduced the city’s first open innovation accelerator, focusing on crafting immersive, multi-sensory experiences within brand spaces to enhance customer interactions.

    “As Big Bang takes root across North Asia, we promise to usher in a new era of beauty innovation,” said the company. “L’Oreal is proud to be at the forefront of this exciting evolution, solidifying its position as a beauty tech leader in the region and beyond.

    Since its launch, the Big Bang program has engaged over 2000 companies and brought more than 50 business projects to fruition.

  • Unilever hires consultants to sell ‘non-core’ beauty portfolio

    Unilever hires consultants to sell ‘non-core’ beauty portfolio

    Unilever has hired Morgan Stanley and Evercore to sell a portfolio of non-core beauty and personal care brands as the company struggles with the impact of inflation.

    The portfolio includes Q-Tips, Impulse, Caress, TIGI, Timotei, Monsavon, St Ives, Zwitsal, Ponds, Brut, Moussel, Alberto Balsam and Matey.

    Two years ago, Unilever hired Credit Suisse to divest Elida Beauty portfolio but later scrapped its plan as other companies cherry-picked brands from the portfolio and did not satisfy the multinational FMCG company’s expectations.

    Now the plan has been revived under the leadership of new CEO Hein Schumacher, who focuses on streamlining the business due to inflation, Reuters said in an exclusive report.

    The report noted that Elida Beauty booked revenue of about $760 million in FY22, according to sources of the newswire.

    Morgan Stanley and Evercore have already reached out to potential buyers to measure interest for the portfolio, which could be a multibillion-dollar deal, the sources said.

  • Bondi Sands expands presence on US shores with Walmart launch

    Bondi Sands expands presence on US shores with Walmart launch

    Australian tanning brand Bondi Sands is expanding its presence in the US market with a nationwide launch in Walmart. This partnership represents the eighth major US retailer to list the brand’s product range within the past six years.

    Walmart will make eight of Bondi Sand’s bestsellers available – in-store and online – including the Self Tanning Foam, Self Tanning Foam 1-Hour Express, Everyday Gradual Tanning Milk, and Self Tan Eraser.

    Through this expansion, the company said it aims to make salon-quality, affordable, vegan, and cruelty-free tanning products accessible to a broader audience.

    “We are thrilled to cultivate a new relationship with Walmart and introduce our self-tanning range to a new category of shoppers,” said Blair James, co-founder of Bondi Sands.

    “Propelling our global presence with Walmart is an unmatched growth opportunity for us, and we’re excited to offer the beauty consumer what they’re looking for – salon quality tanning products at an affordable price.”

    Established in 2012, Bondi Sands offers a range of self-tanning and suncare products.

  • Freshwater Farm launches Indigenous-inspired products

    Freshwater Farm launches Indigenous-inspired products

    Freshwater Farm, the family-run bath and body care company, has launched limited-edition products designed by an Indigenous artist to commemorate a partnership with the Indigenous Literacy Foundation (ILF).

    Worimi artist Brittney Paulson made the limited edition packaging designs. The artwork is present on six items, including the body bars, hand washes, and 1L body washes from Freshwater Farm with Lemon Myrtle and Rosewater.

    Paulson added that this is her second time working with Freshwater Farm to produce these special items that honor her background.

    Freshwater Farm will donate 50 cents for every limited edition product purchased to the ILF, up to $50,000, which will be used to provide 5000 books to children in isolated Indigenous communities.

    “The farm where we grow many of the plants which are used in our products is based on Worimi Country on the NSW Mid North Coast,” said Freshwater Farm GM Al Hutcherson.

    “This is the second year running where we’ve donated to the Indigenous Literacy Foundation, to acknowledge the Worimi Aboriginal Community as the Traditional Owners of the land that Freshwater Farm is on.”

    The Indigenous Literacy Foundation (ILF) is a national non-profit organization that works with Aboriginal and Torres Strait Islander remote communities in Australia.

    The products are available for purchase through the brand’s website, as well as in-store and online at Woolworths.

  • Marimekko drafting SEA expansion, by entering Vietnam and Malaysia

    Marimekko drafting SEA expansion, by entering Vietnam and Malaysia

    Finnish lifestyle brand Marimekko is accelerating its expansion plan in Southeast Asia, eyeing entering Vietnam and Malaysia this year under a franchise partnership with Jaspal Group.

    The expansion, which will include the launch of online stores in both markets, comes after the brand disclosed its Singapore debut with the first store scheduled to open at Ion Orchard next month.

    “These fast-growing markets provide interesting opportunities for Marimekko’s international growth and hence support our company’s objective to scale the Marimekko business in the upcoming years,” said Natacha Defrance, Marimekko’s senior VP of Sales, Region East.

    While Marimekko’s first Vietnam stores are set to open in the Lotte Mall Westlake in Hanoi and Takashimaya shopping mall in Ho Chi Minh City later this year, the brand’s first stores in Malaysia will be located in Suria KLCC mall at Petronas Twin Towers and in The Exchange TRX mall.

    Marimekko will join Jaspal Group’s portfolio of brands, including Diesel, Melissa and Asics. The Thai retail operator has a presence in four Asian countries.

    “We see a growing interest in Asia towards the Finnish design house renowned for its bold prints and colours, so now is a good time to make Marimekko available to local consumers and tourists alike in Vietnam and Malaysia,” said Yosathep Singhsachathet, deputy CEO at Jaspal Group.

    The Finnish lifestyle brand said Asia, where it has seen growing demand for its products, is its most important geographical area for international growth. The brand has 80 stores and shop-in-shops in Asia Pacific.

  • Bulgari opens concept store in Tokyo’s Omotesando

    Bulgari opens concept store in Tokyo’s Omotesando

    Luxury jeweller Bulgari has opened its concept store on one of the most bustling shopping streets in Japan’s Tokyo, Omotesando.

    The store is inspired by Rome and has yellow as the dominant colour flowing throughout the store, seeking to deliver the sensation of a vacation to the Italian capital, with sunshine and great architecture.

    The store boasts a saffron-coloured facade with a variety of accessories such as necklaces, watches, and bags.

    Bulgari originally opened its doors in Japan more than 37 years ago, and in 2007, it opened its largest store in Tokyo’s famed Ginza retail district.

    The company now operates in major cities in Japan including Sapporo, Sendai, Tokyo, Yokohama, Chiba, Nagoya, Kyoto, Osaka, Kobe, Okayama, Hiroshima, Matsuyama, and Fukuoka.

  • Skin Control launches Pore Patches

    Skin Control launches Pore Patches

    Vegan skincare brand Skin Control has rolled out a Pore Patch product into Woolworths, Big W stores and online.

    The Pore Patches absorb excess oil build-up on the nose and stops blackheads before forming. It is suitable for all skin types and can be cut to cover all nose shapes and sizes.

    A single pack comes with six individual patches and retails for $13.

  • Estee Lauder sinks after dour 2023 outlook due to slow recovery in Asia

    Estee Lauder sinks after dour 2023 outlook due to slow recovery in Asia

    Estee Lauder Cos’s shares plunged on Wednesday after the cosmetics maker forecast weaker sales and profit for the year than previously estimated, blaming slow recovery at duty-free and travel destinations, especially in Asia.

    Global retailers have banked on improved demand out of Asia after China eased Covid restrictions last year, but Estee’s travel retail division, one of its highest-growth sectors, did not rebound as expected.

    Shares of the company hit a six-month low of US$190.30 during trading hours after Estee Lauder slashed its fiscal-year forecasts for a third time. They closed down 17 percent at $202.70.

    Estee expects full-year 2023 net sales to fall between 10 percent and 12 percent, compared with its prior forecast of a 5 percent to 7 percent decrease.

    It said while major shopping districts such as Hainan, an island in the southernmost province of China, and Korea saw more traffic, the conversion of travelers to consumers in luxury beauty lagged.

    Even though China relaxed pandemic-related restrictions, the company saw January 2023 pressured by retailers destocking due to an increase in Covid-19 cases.

    Meanwhile, European luxury companies LVMH and L’Oreal saw a rise in first-quarter sales, boosted by a rebound in Asia as China eased Covid restrictions last year.

    Barclays analyst Lauren Lieberman said in a note that Estee’s forecast was the “last thing” expected even by the Street and the company’s comments on its travel retail division in Asia raise doubt on how much “control or visibility” Estee has in sales through this channel.

    CFO Tracey Travis said in a post-earnings call Estee has seen improvement in travel retail, which includes duty-free sales at airports and shopping districts in China and Korea, through the third quarter, and the company also expects sales from the segment to rise in double digits.

    However, Travis said it’s “difficult to know” when travel in China and Korea will normalize.

    Estee’s sales also remain challenged in the US, another major market. The company’s organic sales in the Americas grew in double digits last fiscal year, but began to decline in the first quarter of 2023.

    Bernstein analyst Callum Elliott said the company’s brands skew toward older customers even as millennials and Gen-Z increase their share of beauty spending.

    According to Travis, Estee has also been challenged by the growth of smaller competitors in the beauty space.

    “We’re seeing an awful lot of indie activity in the US that has taken share gains away from the largest companies,” she said.

    Estee reported mid-single-digit growth in North America in the third quarter, while prestige beauty as a category grew more than 16 percent, according to data from Circana.

    LVMH said its US spending declined in the April earnings call, though the company noted its performance there was strengthened by brisk business at its Sephora beauty chain.

    A stronger dollar has also hurt Estee, which has sprawling global operations and convert foreign currencies into the greenback.

    Estee forecast adjusted per-share profit to fall by 50 percent to 51 percent, compared with a 27 percent to 29 percent decrease it expected earlier.

    The company beat third-quarter sales expectations, but missed profit estimates.

  • Fast Retailing’s Uniqlo to add stores in North America

    Fast Retailing’s Uniqlo to add stores in North America

    According to one of its executives, fast Retailing’s Uniqlo plans to expand its existing stores in North America by 10 percent.

    Uniqlo is opening six stores — four in the US and two in Canada — this summer as part of its expansion plan to reach more than 200 locations in North America by 2027. The company hopes to open 20 to 30 stores each year as a part of the goal.

    The US stores, which will be located in malls in two California locations, Maryland and New Jersey, are in areas where the chain already has a presence.

    The two Canadian stores opening in Ottawa and Calgary — the first Uniqlo locations in those cities — each total 15,000 square feet (1,393.55 square meters).

    Each of the new stores will be equipped with self-checkout kiosks, in-store pickup and free clothing alterations.

    Fast Retailing reported a 16.4 percent rise to US$1.65 billion in first-half operating profit earlier this month. The company also raised its full-year profit forecast to $2.7 billion from$2.63 billion.

    Daisuke Tsukagoshi, Uniqlo North America chief executive, said in an email to Reuters that the chain chose to launch the Ottawa and Calgary stores after seeing a “strong online presence” there.

    The Tokyo-based retailer currently has 47 stores in the US and 16 locations in Canada.

    “We’re looking to locations where we have already seen high customer demand, as well as new markets that we see opportunity in,” Tsukagoshi added.

    Tsukagoshi said that localizing product offerings in the US’s various regions has been “challenging” as shoppers deal with different climates and experiences.

    He said Uniqlo is in a “unique position” to open stores in the current economic environment as shoppers trade down and turn to accessible pricing for essential styles.

    Uniqlo has gained popularity in the US for its relatively low pricing including women’s t-shirts for $14.90 and men’s zip-up jackets for $39.90.

    According to its website, Uniqlo currently has 1,028 stores in Greater China and 79 in Europe.

    For comparison, Gap Inc boasts more than 2,100 stores, including Old Navy and the Gap brand, in the US alone. However, the company plans to close approximately 350 Gap and Banana Republic locations by the end of 2023.

    According to the retailer’s website, Sweden’s fast fashion giant H&M has more than 738 stores in North and South America as of February 2023.

  • French jeweler Tiffany opens store in HCMC

    French jeweler Tiffany opens store in HCMC

    Luxury jewelry brand Tiffany & Co. has opened a store in Ho Chi Minh City, two years after opening its first in Vietnam in Hanoi.

    The store in District 1, which had a soft opening last week, is part of a strategy by the 186-year-old jeweler to increase its presence in Asia after being acquired by France’s LVMH in 2021.

    The store is run directly by the company as against the Hanoi one, which a distributor operates.

    According to residence and citizenship advisory firm Henley and Partners, HCMC had the ninth fastest growth rate globally in the number of millionaires last year.

    Vietnam’s biggest city saw their numbers rise by 84% to 7,700 individuals, it said in its 2023 World’s Wealthiest Cities Report.

    As of last year HCMC had 15 people with a net worth of $100 million and three billionaires.

    It is ranked the 67th wealthiest city in the world.

  • Coty SEA blends physical and digital space for limitless store access

    Coty SEA blends physical and digital space for limitless store access

    Coty SEA stores offer services that give the same customer experience online.

    There is no telling when one’s favourite perfume or go-to moisturizer runs out, which some shoppers can solve with a quick dash to the store. On days they are not so lucky, shoppers are left waiting for their next store-run, but this does not have to be the case as Coty Sea blends the physical and digital space.

    “If customers have already bought the product and it is running out, they can then just text our beauty advisors to get a replenishment, and the product can be sent to them,” Estella Lau, Country Manager, Singapore & Prestige Distributor, Coty said.

    She said Coty plans to launch a beauty concierge service through which customers can reach their beauty advisors in a call or chat for advice or makeup tips, even when their free-standing store has closed down for the day.

    Lau highlighted the role brick-and-mortar stores play for brands even amidst the acceleration of technological adoption of the industry. Coty SEA strived to use the physical space to complement the company’s digital channel to elevate the customer experience.

    “Brick-and-mortar is definitely not going away. It remains a key platform for us to engage the customers as we say we want to create a community space where customers can come and play with the product or enjoy a makeover or master class,” Lau said.

    Coty recently partnered with Chloé Atelier des Fleurs, which opened its first pop-up boutique in Singapore. The store replicated a Parisian florist’s boutique, where shoppers can mix and match 17 niche scents to whip their own unique fragrance, much like making a bouquet.

    In their Chloé Atelier de Fleur boutique, Coty SEA has assigned beauty advisors ready to help shoppers who prefer face-to-face interactions; whilst those who prefer to shop alone can play with a digital “Bouquet Finder,” which will likewise take customers to a fragrance layering experience.

    Lau said the company has observed a monthly increase in footfall since launching in October 2022. More than this, there is also a noticeable growth in their conversion rates amongst the shoppers coming through their doors.

    This brings to light the significance of having the right investments in place. Lau said retailers need to beef up their operations not just through investments in their digital technology infrastructure, but also by bringing the right people on board.

    “Technology is one thing, but behind all that technology needs competent people with very strong digital marketing skills, digital commercial skills, and someone who can understand consumer needs and consumer shopping behaviour,” Lau said.

    Whilst e-commerce development is critical, she said that retailers need to also invest in creating an experience that is more personal to the consumer; but businesses have to make sure that the experience is reflected in both the physical and digital space. At Coty SEA, stores have a “shop space” to take their clients through the same experience online.

    The Gucci Beauty Flagship store at ION Orchard, for instance, uses augmented reality to bring shoppers to the Gucci Beauty universe, where they can learn and play with beauty products. They also have the option to virtually try-on makeup using in-store gadgets.

    This will need a better understanding of consumers, which retailers can achieve with improved data analytics capabilities that could track the frequency of shoppers’ store visits, or determine the key promotion drivers that shape their behaviour.

    “For customers who want a more bespoke experience, we offer the art of fragrance layering with our ultra-luxe range, the Alchemist Garden, where customers can learn about how they layer fragrance oil with perfume water, and with the fragrance of their choice and really have a wonderful premium experience,” Lau said.

    Investing in people may also be internal as seen in how Coty SEA puts effort into training their beauty advisors. Lau said their people are not just skilled in making transactions, but also in personally engaging with customers through storytelling or even by making them feel more pampered.

    On top of these, Lau said retailers can no longer exist on their own, hence, they need to start looking at partnerships with other brands to offer a different, layered, and more interesting experience to customers. Through partnerships, they can develop limited edition products, or even create ones that shoppers can exclusively get online.

    “If we don’t keep up, we risk losing market share. Now it is not even a choice because this is what the shoppers want. They want to be shopping 24/7. They want to be shopping at their convenience, at their own time,” Lau said.

    “It is really imperative now for retailers to continue to connect and engage with all our multi-generational consumers and new audiences to stay relevant.”

  • L’Oreal China invests in niche fragrance brand Documents

    L’Oreal China invests in niche fragrance brand Documents

    L’Oréal’s investment branch in China, Shanghai Meicifang Investment (or Meicifang), has invested a minority stake of more than 10 million RMB (1.4 million USD) in the Chinese fragrance brand Documents. The recent move reflects L’Oréal’s action plan to enhance local cooperation for bigger growth.

    Founded in 2021 by former Nudake China Chief Executive Officer Zhaoran Meng, Documents is known for its edgy aesthetic and avant-garde store design. Despite only being in the market for only two years, the brand has quickly established a foothold in the premium niche fragrance market.

    Labelled as “the most expensive Chinese perfume brand”, Documents focuses on high-end perfume featuring Chinese ingredients such as star anise, mugwood, yulan magnolia and walnut. Perfume prices range from 850 RMB (122 USD) to 1,750 RMB (253 USD). Currently, the brand operates two stores in Shanghai and one in Beijing’s popular SKP-S shopping mall.

    For decades, international names such as Chanel and Dior have dominated China’s fragrance market. Now, niche Chinese fragrances are rising up as younger consumers take an interest in unique scents as well as domestic brands. Documents, in particular, has become all the rage among high-consumption Gen Z and millennials. Of these consumers, Gen Z composes 60-70% of the brand’s clientele.

    “Documents is not only an emerging pioneer in the Chinese high-end personalised beauty market, but also a Chinese fragrance brand popular among young Chinese shoppers for its signature oriental aesthetics,” Fabrice Megarbane, president of L’Oréal North Asia and CEO of L’Oréal China, told local media outlets.

    Overall, as China’s niche fragrance market continues to grow at lightning speed, L’Oréal secures its goal to expand its influence in the local market by investing in the sought-after brand Documents.

  • Yoshitsu opens physical store in Hong Kong

    Yoshitsu opens physical store in Hong Kong

    Yoshitsu, a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, today announced the grand opening of its physical retail store (the “Store”) in Hong Kong on August 30, 2022. The Store is located at No. 118, 1/F, Nina Tower 1, No. 8 Yeung Uk Road, Tsuen Wan, New Territories, Hong Kong, an iconic shopping destination. The opening hours are from 11 a.m. to 8 p.m. on Monday – Thursday, and 12 p.m. to 9 p.m. on Friday – Sunday.

    The opening of the Store is a part of the Company’s long-term expansion plan to expand its footprint in Hong Kong. The Store features an extensive product assortment, including cosmetics, skincare, fragrances, cosmetic applicators and body care products. Customers will not only have a large selection of exclusive Japanese brands, but also receive personalized beauty assistance with finding new and trending products.

    Mr. Mei Kanayama, the Principal Executive Officer of Yoshitsu Co., Ltd, commented, “We are thrilled to bring our new store closer to more of our customers in Hong Kong. Providing a remarkable customer experience is the top priority for our business, and we will try to bring the best shopping experience to every customer. To celebrate its grand opening, the new store in Hong Kong will offer 5% off from the opening day to September 15, 2022. We are planning to have two more new stores open in Hong Kong in the remainder of 2022 and are excited to bring the beauty experience we offer to more new customers. We believe that our expansion strategy is in line with our goal to increase market share and achieve long-term growth.”

  • LVMH to launch Stella beauty Maison with Stella McCartney

    LVMH to launch Stella beauty Maison with Stella McCartney

    Following a successful partnership with LVMH which began in 2019, Stella McCartney has collaborated with the LVMH Beauty division to develop her new skincare line, STELLA by Stella McCartney.

    After pioneering the conscious luxury fashion industry, Stella’s ambition is to offer an alternative to luxury skincare, an Alter-Care™.  A new approach that supports caring for ourselves and Mother Earth in perfect harmony.  Rooted in nature, with Stella’s vegan and cruelty-free principles at its heart, this ‘conscious luxury’ skincare line is natural, effective, and responsible.

    “I am delighted that Stella McCartney, after pioneering a sustainable and responsible luxury fashion, is now partnering with LVMH, committed to change the codes of cosmetics, the packaging and the ingredients. The launch of STELLA by Stella McCartney perfectly resonates with the Group’s longstanding commitment toward sustainability and we are proud to support it”, said Antoine Arnault, Image & Environment, LVMH.

    “We set out with an idea, and because we didn’t want to compromise – on outstanding results, the origin of our ingredients, and, of course, ensuring we minimised our impact on Mother Earth – we kept on trying.  We worked hard for almost three years with LVMH constantly evolving and aiming for what I felt was possible: rooted in nature, truly effective and responsible skincare. It’s a game changer and I want to share it with everyone.  I believe the consumer needs to know there’s another way, that they have a choice.”  said Stella McCartney.

    Based on Stella’s personal philosophy of using ‘only what you need’, the range consists of three essential products: Reset Cleanser, Alter-Care Serum and Restore Cream. The line-up is a culmination of three years’ worth of innovation and exploration with LVMH Recherche, the Group’s Beauty R&D unit. Offering impressive, clinically-proven results, this new range has been formulated to work in harmony with the skin, supporting its key functions of regeneration and protection.

    Each stage of the product lifecycle has been challenged to minimise its impact – from the ingredients to the packaging, to operations all the way through to consumer usage.  All product formulas are made with at least 99% natural-origin ingredients, and each is available in a unique eco-conscious refill.

    The line has a uniquely beautiful scent, ‘High Cliff’, created in collaboration with renowned perfumer Francis Kurkdjian, Founder and Artistic Director of Maison Francis Kurkdjian and Perfume Creation Director of Parfums Christian Dior.

    All the products will be available on www.stellamccartneybeauty.com and through a selection of UK retailers and boutiques including: the Stella McCartney UK flagship store on Old Bond Street from early September and Space NK from mid-September.

    Stella McCartney has chosen to support the conservation NGO Wetlands International, committing to donate 1% of the net sales of STELLA skincare.

  • L’Oreal Korea names Samuel de Retail as its new CEO

    L’Oreal Korea names Samuel de Retail as its new CEO

    L’Oreal Korea announced Monday that it appointed Samuel du Retail as the new chief of its Korea operation.

    The new CEO has worked at the France-headquartered global cosmetics company since 1996. Over the past 26 years at the firm, du Retail has assumed various key roles, including finance, management and e-commerce.

    He served as CFO at L’Oreal China from 2006 to late 2011, which was followed by another CFO position representing the Western Europe operation of the company from 2012 to 2013. He went on to serve as global CFO of the consumer products division in France from 2013 to 2016, continuing working as general manager for the consumer products division in China from 2017 to 2020.

    Before his latest promotion, his previous role at the firm had been as a group e-commerce general manager in France from October 2020 to earlier this year. He’s been attributed with the successful growth of L’Oreal and Maybelline in the Chinese market. He also led significant growth in the profitability of the company’s e-commerce efforts.

    “I am very pleased to work as the chief of L’Oreal Korea, as Korea is leading the global beauty market with its K-beauty trends,” du Retail said, adding that he will focus on cooperative leadership to continue the innovative path of L’Oreal in the country.