Why Out-of-stocks, Data Mismatch, and Hidden Demand Still Catch Out Beauty Brands When beauty brands review retail performance, the picture often looks reassuring. Availability appears high. Sales reports feel complete. Forecasts are built on what was sold. But our conversations with brands working directly with Ulta and Sephora reveal a more complicated reality. One where... Read more »
Retailers are constantly talking about the future, but what technologies are going to take them there? When we think about innovations like chatbots, personalized product recommendations, dynamic pricing and programmatic display, there’s one common denominator. All of these are great examples of how artificial intelligence can be a game-changer for a multichannel retailer. Over the… Read more »
In sync with Bloomingdale’s debut this month of a revamped cosmetics floor at its 59th Street flagship, with 75 new brands and 1,100 square feet of additional retail space, the heritage retailer made a modest but interesting investment in its new “Beauty Stylists” program. The purpose? For Bloomingdale’s to further establish an omnichannel beauty experience,… Read more »
Huge growth in fragrance and beauty is the largest contributor to the travel retail market, with wines and spirits coming in second. The current travel retail market was valued at $69.5 billion in 2016, and is predicted to reach $125.1 billion by 2023. Within perfumes and cosmetics, Accelerated Analytics customers including Estee Lauder and L’Oreal… Read more »
Allure Magazine kicked off the holiday season by announcing its top 19 beauty gift ideas. Out of the thousands of possible gifts, many standouts are products from Accelerated Analytics beauty customers. These brands utilize the sales and inventory reports provided by Accelerated to drive their business through their retail accounts and manage the day to… Read more »
Four leaders in the beauty industry – Clarins, Coty, Groupe Rocher, L’Oréal -, and EcoVadis, the leader in supply chain sustainability ratings, announced the launch of Responsible Beauty Initiative (RBI) earlier this week. The vision of Responsible Beauty Initiative is a global beauty industry where all suppliers have in place good ethical, social, environmental and… Read more »
Several fashion retailers who cater to younger consumers also have beauty sections in their stores – H&M, Urban Outfitters and Sephora in JCPenny – but Forever 21 is making a big move in the beauty game with plans to open over a dozen stand-alone beauty boutiques under the name Riley Rose. The new stores are… Read more »
L’Oreal and several of its luxury divisions, including Lancome, utilize Accelerated Analytics to process and normalize their North America retailer POS data. L’Oreal was announced as # 33 in the list. The L’Oreal Luxury segment markets high-end skin care and beauty products. Forbes lists its value at $107.5 billion. Lancome was just announced as being… Read more »
Beauty retailer Bluemercury is going strong and has plans for significant expansion during a time when many brick and mortar stores are shutting their doors. According to Barry Beck, Founder and COO of Bluemercury, location is everything. “I bet I could open 60 stores in Manhattan, 40 stores in Chicago, 50 in the greater Chicago… Read more »
At Accelerated Analytics, I work with over 20 beauty brands to supply key reports and analysis of how their products are performing at their retail stores. Our expertise, based on years of working with beauty retailers like Dillard’s, Ulta, Sephora and Nordstrom, help account executives, planners and sales reps to track sales to goals, store… Read more »
For the multi billion-dollar beauty industry, appealing to millennial consumers – the largest generation in America – isn’t just a good idea, it’s crucial. According to market intelligence agency Mintel, the beauty industry saw revenues of over $46 billion in 2015 and is projected to grow to over $51 billion by 2020. Women ages 18… Read more »
