Tag: L’Oreal

Accelerated Analytics Customers in the News

L’Oreal, who utilizes Accelerated Analytics for its retailer point of sale data collection and harmonization for the majority of its US Luxe division retailers, revealed its 2017 results this week. Chairman and CEO, Jean-Paul Agon, spoke at a financial analysts’ meeting with specific results.  In the final quarter of the fiscal 2017 year, sales were up 4.1% and 5.5% in same store comps versus 2016. Their full 2017 results were up 0.7% and 4.8% in comps. While he acknowledged, “The beauty market grew at a healthy pace,” the “making of it turned out to be somewhat different from our expectations.” The luxury color cosmetics and skin care both accelerated the sales growth. Mass-market beauty grew less than in 2016. China and travel retail were the strongest sectors and North America grew, yet not as strong as 2016.

Genesco, a Nashville-based specialty retailer and footwear, head wear, sports apparel and accessories vendor, uses Accelerated Analytics for POS reporting for many of its key US retailer accounts. The company announced this week its intention to focus heavier on its footwear business, and is exploring the sale of its Lids Sports Group division. They stated its footwear business is “the optimal platform to deliver enhanced shareholder value over the long term.” They continued to state that its sales “would generate capital that the company can deploy productively to further enhance shareholder value.” A committee and capital firm have been engaged to explore this possibility that is currently in the infancy stages.

Sources: Chainstoreage.comWWD.com

Fragrance and Beauty are Growing the Travel Retail Industry

Huge growth in fragrance and beauty is the largest contributor to the travel retail market, with wines and spirits coming in Beauty Clients Growing the Travel Retail Industrysecond. 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 are opening outlets at every major international airport. With an improving economy there will be increases in travel and tourism. In Europe, which is one of the largest travel retail markets with $21 billion of the sector, they are seeing a significant presence from apparel and cosmetics brands, especially from LVMH from France, which holds a large share of luxury apparel, perfumes and cosmetics in the region. Perfumes and cosmetics accounted for 30% of the travel retail market in 2016 findings and is expected to dominate the market by 2023.

Source: Chain Store Age

Clarins, Coty and L’Oreal Launch the Responsible Beauty Initiative

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 business practices.

The Responsible Beauty Initiative brings together the global beauty industry in a collaborative effort to strengthen sustainable practices, improve environmental footprint and social impacts, and maximize shared value across its collective supply chain.Responsible Beauty Initiative

It will amplify members’ efforts to boost sustainability in their supply chains, while ensuring the suppliers of the industry have sound ethical, social, and environmental business practices in place. The RBI will achieve these objectives by:

  • driving a common understanding of sustainability performance across the industry
  • sharing best practices and processes
  • leveraging common tools to create efficiencies and benefits for suppliers

The Responsible Beauty Initiative is built on a Corporate Social Responsibility (CSR) rating platform, operated by EcoVadis, as a common foundation for supplier assessment and interaction.

The Responsible Beauty Initiative will address the unique opportunities and challenges of the beauty industry global supply chains and will aim to drive the continuous improvement of sustainability practices. The founding members will sign the charter to officially launch RBI and invite other companies and suppliers in the industry to join.

Accelerated Analytics is a comprehensive software-as-a-service (SaaS) solution for collecting, analyzing, and reporting on retail EDI 852, POS, and supply chain data. We applaud customers Clarins, Coty and L’Oreal for being founding members of the Responsible Beauty Initiative.


Accelerated Analytics Customers L’Oreal and Coty Ink Big Business Deals in the New Year

L'Oreal and Coty DealsThe string of beauty deals continues in the new year with significant beauty acquisitions for Accelerated Analytics customers L’Oréal and Coty, all within a 48-hour period earlier this week.

L’Oréal will almost double the size of its Active Cosmetics Division with the acquisition of CeraVe, AcneFree and Ambi for a reported $1.3 billion. Founded in 2005, CeraVe develops cleansers, moisturizers and baby products and is one of the fastest-growing active skincare brands in the United States, L’Oréal said. AcneFree provides acne treatments and skin cleansers, while Ambi makes products to treat dark spots and brighten skin. The new trio of labels generates yearly revenue of about $168 million combined, and puts L’Oréal head-to-head with Nestlé’s blockbuster brand Cetaphil.

“Although the price is very high,” said Eva Quiroga, an analyst at Deutsche Bank, “it is supported by the strong growth the business will likely achieve, initially in the U.S. and eventually on a more global basis. It is the kind of global expansion that L’Oréal has historically excelled at.”

Coty is the latest consumer-products maker to acquire an online start-up with the purchase of Younique, a Utah-based company that makes its own line of skin care, body care and makeup products that are sold via peer-to-peer social selling. Coty will acquire 60% of Younique for $600 million in cash and Younique founders Derek Maxfield and Melanie Huscroft will own the remaining 40% and stay with the company in executive roles. Younique’s sales are made mostly online through virtual parties on Facebook and other social platforms. Modeled after more traditional direct-selling models, Younique is part of a group of young companies that have adapted the model to the internet age.

Sources: Reuters, Women’s Wear Daily