Salon-based hair care is booming. According to Kline’s Salon Hair Care Global Series: Mid-Year 2023 Update, drawing data from across seven regions, professional hair care is going from strength to strength, with a 2.8% growth reaching $4 billion in sales in the first half of 2023. Here at CEW, we ask how industry players can make their mark and identify pockets of opportunity, with international giants such as L’Oréal (the undisputed pro hair care frontrunner), the Wella Company, and Henkel dominating the market. Notably, Kline reports that Olaplex, despite experiencing a market share fall in the first half of 2023, emerged with the top revenue-generating hair product in the U.S. with its No.6 Bond Smoother, in the first half of the year.
At Sephora, Nigel Lawson, the company’s UK VP Of Global Merchandising for hair care, has said that across all beauty categories brands either flourish or fail at the retailer depending on whether or not they listen to the advice given to them. “A lot of brands are quite single-minded in their approach,” he said during a panel discussion hosted by Beauty Independent’s Dealmaker EU/UK Summit. “You need to think about the channel and what the consumer demands are in each of those channels and work with the retailer to deliver a great customer experience.”
After the Cyber Week shopping frenzy, things are looking merrier and brighter for businesses than last year, according to retail sources. A new report by global retail analytics platform RetailNext reveals that for the first week of December, U.S. traffic trends in the health and beauty category were up by 3.1% in comparison with last year.
Budget-conscious times notwithstanding, luxury still has its place for beauty shoppers, reports Mintel. According to new research, 41% of U.S. Beauty and Personal Care shoppers have splurged on a luxury or prestige beauty or personal care product, 74% of consumers say they treat skin as part of their overall health and 60% view their routine as a mood-booster.
In global news, independent perfumeries which offer bespoke customer services— such as Nose, Paris, whose “olfactory diagnosis” is available both in-store and online—are offering more personalized shopping experiences.
Catch up on these and other stories at the links below.
How To Get Ahead In Professional Hair Care. Kline reveals how industry players can find pockets of opportunity. (CEW)
Sephora Shares The Secret Of Success. What makes brands flourish, according to the retailer. (BEAUTY INDEPENDENT)
Post-Cyber Week Sales More Promising Than Expected. RetailNext reports that retailers have had a better start to December than last year. (WWD)
Feel-Good Factor Driving Sales. 41% of US beauty and personal care shoppers have bought a luxury or prestige personal care product to treat themselves, according to Mintel. (BEAUTY MATTER)
Ali Pew Leaves Goop. The brand’s creative and editorial fashion director, who oversaw all things style-related at Gwyneth Paltrow’s lifestyle company, has left after six years. (THE IMPRESSION)
Walgreens Revives Boots Exit Talks. Walgreens Boots Alliance Inc. is back in discussions about potentially parting ways with Boots. (BUSINESS OF FASHION)
Consumer Sustainability Survey Results. Specright’s new survey reveals that 25% of respondents actively track government regulations surrounding sustainability like MoCRA to understand better the impact on their preferred brands, among other takeaways. (COSMETICS DESIGN)
Independent Perfumeries Making It Personal. How indie fragrance retailers in Europe, the UK, Africa and Asia are meeting demand for a more personalized shopping experience. (BEAUTY MATTERS)
