The CEW Cheat Sheet lets you conveniently scroll through the morning’s biggest beauty, tech, and business-related headlines all in one place. Stay up-to-date on major acquisitions and industry moves; learn about brand launches and beauty biotech innovations; and read through investigative reports on the state of the market or our new working norm.
The CEW Cheat Sheet lets you conveniently scroll through the morning’s biggest beauty, tech, and business-related headlines all in one place. Stay up-to-date on major acquisitions and industry moves; learn about brand launches and beauty biotech innovations; and read through investigative reports on the state of the market or our new working norm.
LinkedIn often serves up links to some of the best reading material on business news and professional development. This week McKinsey & Company posted their top 10 best-read newsletter articles for the first quarter, and each one offers great learnings on everything from the future of work to DEI to how to live a happy life. Here, the links to access McKinsey’s great reads on what can help you both personally and professionally.
Walmart’s beauty department transformation has been years in the making. And today it’s considered to be one of the broadest and most diverse selections of makeup, hair, skin, and fragrance in the industry. But being the biggest isn’t easy. Creighton Kiper, Walmart’s Vice President of Beauty, will break down how Walmart remains on top in a one-on-one discussion Thursday, March 30.
Glowbar is the latest quick-service skin care studio primed for expansion, having recently closed a $10 million investment round. The company joins a number of fast beauty bars and self-care studios poised to scale in the coming years. In the process, they’re taking a range of services out of the dermatologist’s office and into the retail arena, ultimately appealing to a greater number of consumers via quick and affordable “tune-ups.” Think of it as the omnichannel-ization of face services. But thanks to an insatiable, robust demographic vying for these services — comprised of Gen Z, Millennials, Gen X, Boomers, and beyond — supply hasn’t outpaced demand, yet.
Preliminary results are in for beauty’s overall performance in 2022, which was fueled by prestige beauty and sales of makeup, namely lip products. Sales of beauty products (mass and prestige) experienced 11% growth when combined; however, only prestige unit demand remained strong.
Brands, retailers, and experts weigh on what drove sales this holiday season. Spoiler alert: unprecedented brand promotions, skin care as a gift, and discounted gift sets are the heart of the matter.
