According to L'Oréal Canada's Chief Retail Officer, Jared MacKay, the NYX brand is "on fire" in this country. NYX is seeing exceptional growth with its freestanding stores, which compliment the brand's wholesale accounts by enhancing brand awareness while featuring expanded product lines and experiences.
Read MoreThanks to the success of the color cosmetics category, a number of luxury brands are beginning to update their beauty retail strategies to include standalone storefronts.
Read MoreWe use personal care products every day, and trial new products as we need or hear about them. What you may not realise is there are some interesting consumer habits somehow hard-wired into our brains that even the most seasoned Cosmetic Chemist finds hard to break when selecting a new product. Read more at Cosmeticsdesign-Europe.
Read MoreIn 2014, the overall sales were $19.3 billion, with fragrance accounting for 48.7 percent and, in 2013, $17.5 billion and fragrance, 50.8 percent. The decline in the percentage of fragrance sales, which can be attributed to factors including a decrease in disposable income in some countries, has been a wake-up call to businesses. Read more at The New York Times.
Read MoreThe Hudson’s Bay Company has announced that Montreal will become home to Canada’s largest Saks Fifth Avenue store. The massive four-level flagship will open with the downtown Montreal Hudson’s Bay building at 585 Sainte Catherine Street West in the fall of 2018. Read more at Retail Insider.
Read MoreBeauty and health are increasingly merging, landing beauty products on the shelves at a growing number of yoga studios, gyms, Pilates, barre and cycling concepts. While the exercise locations might never compare to the impacts a Target or Sephora can have on beauty businesses, they provide brands repeated exposure before an audience hungry for self-improvement that has money to spend on classes, memberships and, with a little push, skin care and makeup. Read more at WWD.
Read More“The reasons major makeup companies discontinue products is slightly murky. Every company I reached out to for insight declined to comment, with the exception of Laura Elkins, M.A.C.'s senior vice president of global and North American marketing, who says that every year M.A.C. goes through an extensive process of examining its permanent collection, evaluating the demand and consumer feedback when deciding whether the company will discontinue a product or not.” Read more at Allure.
Read More“The beauty category is good for retail business and retail real estate. It is one of the few segments where its operators consistently post positive same-store sales and profits, and are planning for net brick-and-mortar openings, instead of worrying about how to resist the advance of online retailing.” Read more at National Real Estate Investor.
Read More“Nearly a third of beauty enthusiasts cite sampling as a major influence on purchase decisions. However, L2’s Beauty Sampling report finds that two-thirds of beauty brands do not offer samples on sites like Ulta and Sephora. Given the rapid growth of these distribution channels, they are missing a chance to dramatically boost exposure.” Read more at L2.
Read More“Online health and beauty products retailer Well.ca is the latest e-commerce company to expand from its web roots and into the so-called bricks-and-mortar world, with its first physical store set to open in late June. The 900-square-foot outlet, at the Shops of Don Mills mall in Toronto, is an effort to broaden the business beyond just online buyers.” Read more at The Globe and Mail.
Read More“By all accounts, malls are in trouble, at least the ones that don’t cater to higher end shoppers. But this doom and gloom forecast hasn’t stopped NYX Cosmetics, the affordable and highly pigmented makeup brand that launched in 1999, from opening its first ever brick and mortar stores in a series of malls on the east and west coasts, as well as abroad.” Read more at Racked.
Read More“NYX Cosmetics is looking to expand its base of freestanding Canadian store locations, after launching in the Greater Toronto Area (‘GTA’) in the fall of 2015. British Columbia is the next market that the brand will target, according to brand director Rachelle Mladjenovic.” Read more at Retail Insider.
Read More“Sephora, owned by French luxury conglomerate LVMH, first opened in Canada in 2004 and now has 60 stores across the country. Its corporate culture became much more focused on change and innovation after failing to win over consumers when Sephora opened in the U.S. 17 years ago.” Read more at Financial Post.
Read More“The new Montreal regional flagship ‘Pro store’ is located at 770 Sainte-Catherine West, alongside other popular retailers in the city’s busiest retail corridor. The 1550 square foot store occupies a corner retail space in an 11-story confederation heritage building, offering the brand’s full MAC Pro collection.” Read more at Retail Insider.
Read More“Paris based beauty retailer Sephora (operating under the LVMH corporate umbrella) is in the process of expanding its Greater Toronto Area (GTA) operations in an effort to dominate and gain market share. Sephora's 'Toronto Takeover', as it's being called, includes new store openings as well as store renovations and expansions.” Read more at Retail Insider.
Read More“LVMH-owned, Paris-based cosmetics retailer Sephora will relocate its Bloor Street West store in Toronto to a nearby retail space this summer. The new store is currently under construction. The new two-level Sephora flagship will measure about 8,900 square feet.” Read more at Retail Insider.
Read More“For 22 U.S-headquartered North American specialty apparel and beauty chains, the aggregate increase in brick and mortar sales was an anemic 3% since 2011, with sales per store declining by 5% over this period. Online sales for this group of retailers grew by 59% since 2011, reaching 17% of total company sales in 2015 versus 11.8% in 2011.” Read more at Retail Insider.
Read More“A chain called Aritaum is opening 70 stores throughout the US and Canada. Aritaum is owned by Amore Pacific, which is basically the Esteé Lauder of Korea. Aritaum chains are ubiquitous in South Korea and there are currently now 14 of them in North America, with about 70 anticipated by the time the project is complete in a few years.” Read more at Racked.
Read More“Millennials have redefined the term luxury. Luxury no longer refers exclusively to expensive bags, shoes and watches. It now includes experiences like farm-to-table dining and ‘über-luxe’ travel. Millennials prefer experiences to things. Brands are blurring the lines between luxury items and experiences. Luxury shopping is an experience, that’s the whole point. Digital platforms are creating new, interactive experiences every minute.” Read more at WWD.
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