E.L.F. BEAUTY’s Post

Should Estée Lauder Companies' sales decline be considered an issue to UK beauty retail?   Estée Lauder Companies, home to brands like The Ordinary and Jo Malone London, reported a 1.9% decline in sales to $15.61bn (£12.40bn) for the year ended 30 June 2024 in what chief executive Fabrizio Freda called “a difficult year”.   What does this mean for UK retailers like Boots UK, Space NK, and SEPHORA? Beth Bloomfield, senior retail analyst at Lumina Intelligence says: “the beauty market in the UK is in good shape and is still expected to grow over the next few years. Many retailers are now concentrating on their in-store experience to attract shoppers and encourage repeat purchases – just look at SEPHORA’s aggressive store rollout in the region or Space NK, which has focused on upsizing stores to add more products and services.” Learn more about our conversation on this topic with sister brand Retail Week: https://lnkd.in/eEuTRH4u #retail #healthandbeauty #beauty #beautyproducts #marketinsights #marketresearch #consumerinsights #retailers #beautyretailers

LVMH Announces Departure of Sephora and Selective Retailing Head Chris de Lapuente Amid Executive Reshuffle THE WHAT?  LVMH has announced that Chris de Lapuente, head of its selective retailing division, will be stepping down from his role on October 31 to retire. THE DETAILS De Lapuente, who has been with the luxury group since 2011 as CEO of Sephora, played a crucial role in the division’s success, which includes the Parisian department stores Le Bon Marché and La Samaritaine, as well as DFS, the luxury travel retailer. THE WHY?  As #LVMH faces a softer luxury market post-pandemic, this transition is part of a broader executive shake-up following the earlier departure of Antonio Belloni. Stephane Bianchi, who succeeded Belloni as deputy CEO, will oversee the heads of Sephora, DFS, and Le Bon Marché moving forward. Source:- https://lnkd.in/gvar6R9J #latestnews #latestarticle #trendingnews #trend #topnews #todaysnews

Thank you Inside Retail US for sharing my view on SEPHORA South Korea exit. Great job on the article Nicole Kirichanskaya! As the Program Chair for the MS in Global Business at Pepperdine Graziadio Business School I share with the students how important it is for companies to study the market before entry to determine the probability for success. Sephora is so well adopted in other countries and failed in South Korea for reasons that may have been avoidable. #pepperdine #insideretailus #pgbs #womeninbusiness #koreanskincare #pepperdinebusinessschool

Retail Today / Retail Renaissance: The business of “BEAUTY”, now exceeding $500 Billion Dollars in sales! One of the retail leaders in this sector SEPHORA. #beauty #sephora Sephora the French Beauty Retailer owned by LVMH, international world leader in luxury brands. Luxury Group LVMH had a fantastic record setting 2023, $86 Billion in sales. #LMVH Sephora has been driving some of that growth and success, with almost 3,000 stores, estimated sales of $18 Billion, a +25% sales increase in 2023! #sales They also have developed relationships with JCP and Kohl’s for their store-in-store concept. #jcpenney #kohls The beauty industry is estimated to reach $600 Billion in the next few years. I have attached an article that provides the insights for this opportunity. #opportunity #retail #retailtrends #retailstrategy #retailexperience #shoppingexperience #stores #ecommerce #brandexperience #brickandmortar #beautyindustry #beautybusiness #beautyproducts #TopRetailExperts

Sephora has demonstrated strong financial performance and growth within the beauty retail sector: • Revenue Growth: In 2023, Sephora achieved €17.9 billion in revenue, marking a 25% organic growth from the previous year. In 2022, its global sales were $10 billion, with nearly $7 billion generated in the U.S. • Profitability: Sephora’s profits from recurring operations increased by 76% in 2023. • Market Position: As part of LVMH’s selective retailing division, Sephora contributed to a 25% year-over-year revenue increase for the division, highlighting its significant role within LVMH. • Expansion and Strategy: Sephora continues to expand its market presence, notably reopening in the UK and enhancing partnerships like the shop-in-shop format with Kohl’s Sephora achieved double-digit growth despite economic challenges through several strategic initiatives: Innovative Product Range: Sephora’s distinctive and innovative products and services have helped it gain market share, particularly in North America, Europe, and the Middle East. 2. Store Expansion and Partnerships: The reopening of flagship stores, such as the Champs Elysees in Paris, and partnerships like the shop-in-shop format with Kohl’s have driven traffic and sales. 3. Digital Integration: Sephora has effectively integrated digital platforms to enhance customer experience and engagement, supporting both online and physical sales channels. 4. Strong Brand Positioning: By maintaining a unique prestige beauty model, Sephora has reinforced its position as a world leader in beauty retail Contact Us: bit.ly/AlgoTrader Website: alphabinwanicapital.com Free Newsletter: bit.ly/AlgoNewsletter #Thematic #AI #MoneyMakesMoney #FutureProof

🇲🇽 Mexico's Multibillion-Dollar Allure for American Beauty Retailers 💄 According to an article from Beauty Independent, the Mexican beauty market is booming, and American retailers can't resist its siren call. 🤑 The article dives into the factors fueling this irresistible trend, from the country's rapidly growing middle class to the untapped potential of e-commerce. Get ready to be captivated by the numbers: Mexico's beauty and personal care market is projected to reach a staggering $14 billion by 2026. 💰 That's a growth rate that's hard to ignore, and savvy American brands are taking note. But it's not all about the money. The article explores how cultural nuances and consumer preferences are shaping the Mexican beauty landscape, and what American retailers need to understand to succeed in this dynamic market. 🌮 So, if you're curious about the next big thing in global beauty, buckle up and get ready to discover the secrets of Mexico's booming beauty scene. MESSAGE US today to get started manufacturing your Personal Care and Wellness Products for your Mexico Ecomm Marketplace .🇲🇽✨ Article: https://lnkd.in/d_j86g2J

As an international beauty and wellness consultancy, we collaborate with clients from diverse regions, including the US, to develop, rebrand, and expand their businesses. Whether you're launching a new brand or seeking market growth, our team is here to support your strategic goals 🌍✨ 💡 Market Insight: In 2023, the US beauty and personal care market was valued at an impressive USD 97.81 billion, making it the largest globally. 🌟 It’s followed by China (USD 67.18B), Japan (USD 45.96B), India (USD 30.54B), and Brazil (USD 24.56B) (Statista). 🛍️ In the US, beauty brands primarily reach consumers through large multi-brand retailers such as Sephora. The retail landscape also includes department stores, drugstores, boutiques, salons, and a rapidly growing number of online channels. Interestingly, fewer than one-third of US consumers shop for new products in department stores—they’re increasingly turning to online platforms like Kohl’s, Walmart, and Target, which have partnered with specialty retailers such as Sephora and SpaceNK to create dynamic in-store experiences. Contact us today to discuss how we can help you succeed and elevate your brand 📩 #usa #retail #shopping #newmarkets #usabeauty #beautybrands #americanretailers #marketentry https://lnkd.in/evk6qeyT

🎉 Today marks the end of an era as I bid farewell to my incredible journey at LVMH Fragrance Brands. Seven years, five different roles, across two countries - it's been a whirlwind of growth, challenges, and unforgettable experiences.   Reflecting on each year spent within this amazing group, I'm proud to have achieved milestones that have shaped my professional journey: 🚀 2017: Rebuilt and digitized the CRM database, resulting in a 500% surge in subscriber numbers by year-end, ensuring GDPR compliance. 🌟 2018: Devised robust digital strategies and activations, particularly relaunching L’Interdit, achieving triple-digit online growth across key retailers. 💼 2019: Managed the entire e-retail budget, driving Joint Business Plans (JBPs) and surpassing sell-out targets, with triple-digit online performance growth YOY. 💡 2021: Increased profitability YOY for Notino, contributing to the overall EU P&L. 📊 2022: Led the European E-retailers strategy, elevating L’Interdit franchise ranking online. 💄 2023: Transformed the makeup category with the launch of Prisme Libre mini, achieving triple-digit growth across multiple European markets. 🎉 2024: Orchestrated the highly impactful Gentleman Society Extrême launch event in Amsterdam, marking another successful chapter.   But behind these achievements lies the support and collaboration of amazing teams and e-retailer communities across the EU and beyond. I'm immensely grateful for your trust and camaraderie, which made every challenge surmountable and every success sweeter. To all the e-retailers I've had the privilege to work with, thank you for the opportunity to grow and innovate together.   As I embark on a new chapter, leaving Paris for yet another unknown adventure, I carry with me the friendships and memories forged along this remarkable journey. Though the decision to move on wasn't easy, I'm confident in the path ahead, knowing that the experiences and connections gained here will continue to guide me.   Here's to embracing change, chasing dreams, and crossing paths once again in the future. Thank you all for being part of this incredible ride! 🚀✨   #NewBeginnings #Gratitude #ProfessionalJourney

Even though it's been about six years since I left Puig, I still feel a strong sense of pride in its ongoing success. My twelve years there were crucial in shaping the professional I am today. The Spanish beauty giant soared to new heights in 2023, closing the year with record-breaking net revenues of 4,304 million euros, marking a remarkable 19% increase over 2022. This growth, which surpassed expectations set in 2021, demonstrates the company's unwavering commitment to excellence. Notably, net profit surged to 465 million euros, a 16% rise from the previous year. Key highlights include: 🌟 Puig's across-the-board growth in segments, with double-digit revenue increases, outpacing market averages. 💼 Rabanne crossing the 1 billion euros net revenue milestone for the first time, alongside the successful rebranding efforts and rapid growth of Jean Paul Gaultier. 💄 Strong makeup segment performance, led by Charlotte Tilbury's phenomenal success globally and the positive reception of Rabanne's makeup line. 💆♀️ Skincare emerging as Puig's fastest-growing segment, with a remarkable 31% revenue increase, driven by flagship products like Charlotte Tilbury's Magic Cream and strategic acquisitions like Dr. Barbara Sturm. #puig #beauty #market #luxury

Estee Lauder, a luxury icon, just launched its own storefront on Amazon marking a shift for a brand that traditionally avoided perceived low brow commerce. It’s a clear sign that even exclusive brands are recognizing the power of discovery and convivence from marketplaces like Amazon. 📈💡 Consumers expect convenience. Whether luxury or mainstream, your brand must embrace the full spectrum of digital commerce platforms from DTC, retailers, and Amazon to stay relevant, engage new audiences, and fuel growth. 🔥 #DigitalTransformation #Ecommerce #GrowthStrategy #Leadership #digitalcommerce https://lnkd.in/eYAkganb