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| Subject: |
PERSONAL CARE BUSINESS
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| Period: |
May 28, 2016 to June 4, 2016
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| Geographies: |
Worldwide
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| Categories: |
Comment & Opinion or Companies, Organizations or Consumers or Controversies & Disputes or Deals, M&A, JVs, Licensing or Earnings Release or Finance, Economics, Tax or Innovation & New Ideas or Legal, Legislation, Regulation, Policy or Market News or Marketing & Advertising or Other or People & Personalities or Press Release or Products & Brands or Research, Studies, Advice or Supply Chain or Trends
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Contents
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Cosmetics retailer Ulta Beauty said total sales increased 23.7 percent to $1.073 billion in the first quarter of fiscal year 2016, compared with the same quarter of the previous year. Comparable sales jumped 15.2 percent, driven by 11.0 percent growth in customer traffic and 4.2 percent in average price. Salon sales grew 14.7 percent to $58.9 million, compared with $51.3 million in the first quarter of FY 2015. E-commerce sales grew 38.8 percent to $61.0 million, accounting for 130 basis points of the total comparable sales increase of 15.2 percent during the period.
"Ulta Beauty Announces First Quarter 2016 Results", Ulta Beauty, May 23, 2016
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Whole Foods Market has opened its first 365 retail store in Los Angeles. Combining affordability with the retailer's offerings of organic foods and natural personal care products, the 365 retail concept is designed to help the company attract millennial shoppers. In addition to private-label products, 365 also offers relatively affordable natural beauty brands, including Burt's Bees, Everyone by EO, and Alba Botanica.
"Whole Foods Opens 365 Store With Slimmed-Down Beauty Assortment", Women's Wear Daily, May 27, 2016
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Schwarzkopf Professional expanded its BLONDME line of hair coloring products by launching INSTANT BLUSHES in June 2016. Developed to provide salons and clients with expanded range of ways of coloring hair, INSTANT BLUSHES let blonde-haired customers have color highlights. Designed to stay in for up to three washes, the spray-on INSTANT BLUSHES come in four tones: Strawberry, Ice, Steel blue, and Jade.
"Schwarzkopf Professional Introduces BLONDME INSTANT BLUSHES", PRWeb, June 01, 2016
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The global halal market is growing rapidly. Deloitte estimates the market leapt past $1 trillion in 2015. Food accounted for 61 percent of halal trade, pharmaceuticals 26 percent, and cosmetics 11 percent. Western multinationals have customized products for the halal market, while new companies are developing innovative items. The main driver behind the surging market is the rapid growth in the global Muslim population, and the need to comply with Sharia restrictions on diet. But Sharia is not the only force driving halal’s growth. Halal certification is also seen as a mark of safer, healthier, higher-quality products. Described as the “organic option” for the 21st century, the designation appeals to both Muslims and non-Muslims, ensuring continued growth.
"Asia's growing halal demand spurs innovation, profit", Nikkei Asian Review, June 02, 2016
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Procter & Gamble was named a Supply Chain Master for the second consecutive year by Gartner in its 2016 Supply Chain Top 25 list. Supply Chain Masters are an “elite class of companies” with long lists of achievements, including being ranked among the top 5 supply chains worldwide for at least seven of the past 10 years. P&G and Apple are the only two companies to have earned this honor in 2015 and 2016.
"Gartner Names P&G for a Second Year to its Elite Supply Chain Master Status", Procter & Gamble, May 27, 2016
Japanese beauty brand Shiseido announced its has created a group tasked with overseeing sustainable developments for its business operations in the Europe, Middle East, and Africa region. Part of the company's Vision 2020 corporate strategy started by company president and CEO Masahiko Uotani, the group will be managed by Daniel Guillermin, Shiseido Group EMEA head of sustainable development.
"Shiseido Creates Body for Sustainable Development in EMEA Region", Women's Wear Daily, May 27, 2016
Henkel said it plans to invest €50 million in Egypt in the next five years as part of its expansion strategy in the local market. Also, the company is building a €40-million manufacturing plant for detergents and household care products, according to Henkel Egypt CEO Ahmed Fahmy. Henkel's factory in Port Said will also undergo a €10-million expansion.
"Henkel to invest €50m in Egyptian market in next 5 years", Daily News Egypt, May 30, 2016
Natura opened its first retail location in Sao Paulo, Brazil, as part of the beauty company's diversification of its sales channels. According to company VP of sales Joao Paulo Ferreira, direct selling will remain the company's main sales channel, with the stores taking a complementary role. Ferreira said the sales channels will coexist, with store locations creating new opportunities and increasing sales potential for the company's sales representatives. Also, the company's strategy involves segmenting and distributing products into different sales channels, Ferreira said.
"Natura invests in new sales channels to rekindle growth", Premium Beauty News, May 31, 2016
New Avon LLC appointed Jack Stahl chairman of the company's board of managers effective June 1, 2016. Stahl succeeded Chan Galbato, CEO of Cerberus Operations and Advisory Company LLC. Also, New Avon CEO Scott White was appointed member of the board of managers. Members of the New Avon board of managers include Ethan Klemperer, president of Cerberus; Susan Kropf, former president and COO of Avon Products, Inc.; and Steven Mayer, senior managing director of Cerberus.
"New Avon LLC Appoints Jack Stahl Chairman of the Board of Managers", PRNewswire, June 01, 2016
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Transform Magazine, May 27, 2016
Pakistan Observer, May 28, 2016
Euromonitor, May 30, 2016
Marketing-Interactive , May 31, 2016
Safe to Work, May 31, 2016
The Daily Star, May 31, 2016
Huffington Post, May 31, 2016
Drug Store News, June 01, 2016
Drug Store News, June 01, 2016
Business Green, June 01, 2016
Business Wire, June 01, 2016
Women's Wear Daily , June 02, 2016
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Online retailer Amazon launched the live show, “Style Code Live,” which gives viewers tips and advice on fashion and beauty care, as well as inspire them to buy online. Amazon's director of beauty and health & personal care Chance Wales, citing A.T. Kearney research “Beauty and the eCommerce Beast, said 53 percent of online beauty shoppers are described as “Creatures of Habit,” and are basically shopping to replenish their stock of beauty products. Amazon dominates online product search, 44 percent of online buyers said they start their product searches on Amazon. Consumers described by Kearney as “Online Enthusiasts,” comprise 31 percent of the respondents and also search for and purchase experiential products, including fragrances and color cosmetics. Amazon also aims to become the leader in the segment focused on consumers looking for new products.
"Amazon: Beauty is in the eye of the consumer", Premium Beauty News, May 29, 2016
Europe's body care market was estimated to be worth $3.9 billion in 2015, according to Euromonitor. Germany and the UK led the market, with sales of $700 million each during the year. In France, sales reached $636.6 million, with Italy posting $474.7 million and Spain recording $364.6 million. Market growth to 2020 is forecast at 0.5 percent CAGR, hampered by slowdown in Spain and flat growth prospects in the UK and Italy. Since 2012, sales in Spain have been in decline, with a 15 percent loss until 2015. Data from Kantar Worldpanel revealed use of body care products is growing, with European women claiming they use them almost eight times in an average week. German women said they use body care products nine times a week, while Polish women said 10.3 times a week. Use of hand care products is highest in Russia and Poland.
"Body Care Sales Stall As Innovation Grows", Happi, June 01, 2016
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Luxury Daily, May 27, 2016
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| Marketing & Advertising |
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Asia-Pacific’s market for cosmetics is forecast to reach $126.8 billion by 2020, with a CAGR of more than 4 percent during the period, according to Apacmarket.com. Japan, the region’s top market, accounted for 28 percent of the total beauty market in 2014; however, other countries are fast catching up. Recognizing the trend, international brands are focusing on the region. For example, L’Oreal, which has been operating for more than 20 years in India, grew its local business by creating R&D centers in Mumbai and Bangalore. Factors driving growth in the region include the importance of skincare and makeup in letting women project their social status and the increase in cosmetics education and focus on one’s appearance brought about by social media.
"The Beauty Agenda Shifts East", GCI Magazine, May 23, 2016
Consumer packaged goods and consumer products companies in the US will spend $5.97 billion on digital advertising in 2016, an increase of 18.2 percent compared with 2015, according to eMarketer. Data from the report “The US CPG and Consumer Products Industry 2016: Digital Ad Spending Forecast and Trends” revealed the segment will account for 8.7 percent of total digital advertising spending in the country for the year. Although this industry is among the largest advertisers in the country, it pales in comparison with other industries when it comes to digital advertising spending.
"CPG Advertisers to Spend Nearly $6 Billion on Digital Advertising This Year", eMarketer, May 31, 2016
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Smithsonian, May 11, 2016
Women’s Wear Daily, May 17, 2016
Euromonitor International, May 25, 2016
Women's Wear Daily, May 27, 2016
Creativity-Online, June 02, 2016
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| Press Release |
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Procter & Gamble Company president and CEO David S. Taylor has been appointed chairman of the company’s board of directors, effective July 1, 2016. Taylor succeeds current executive chairman A.G. Lafley who is set to retire. After joining P&G in 1980, Taylor has helped build many of the company’s core businesses, including Baby Care, Family Care, and Hair Care.
"David S. Taylor Appointed Chairman of P&G Board of Directors", Procter & Gamble, June 01, 2016
Henkel invested €30 million to expand its warehouse and build new production facilities at its manufacturing center in Perm, Russia. One of the largest manufacturing facilities of laundry detergents in the country, the Perm center is designed to serve cities across Russia and most of the CIS countries. Operating in the country since 1990, Henkel plans to use the expanded facilities to meet growing demand for its products in the country.
"Henkel launches new investment in Russia", Henkel, June 02, 2016
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| Products & Brands |
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Procter & Gamble spent $8.3 billion on advertising in 2015, regaining its spot as the world’s largest advertiser in terms of advertising and marketing spending. Since 2013, the company has reduced its advertising costs by $1.4 billion; however, advertising expenditures are increasing about 1 percent, according to P&G executives. P&G’s advertising budget for its Tide, Pampers, and Gillette brands alone was much bigger than those of numbers 2 and 3 carmakers General Motors and Ford, with $5.1 billion and $4.3 billion budgets, respectively, Bloomberg said.
"Once again, P&G is the world's top advertiser", Cincinnati, May 27, 2016
Discount retailer Aldi USA plans to launch its Little Journey brand of private-label baby care products. Available starting in August 2016, the lineup will cover almost 50 products, including diapers, training pants, and cleansing wipes. Designed to meet or beat national brands in terms of quality, durability, and taste, the products will meet the needs of babies from newborn to toddlers. By launching the product range, Aldi seeks to attract a key target group: young families.
"Aldi USA: taking on the baby category", Retail Analysis, June 02, 2016
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Luxury Daily, May 20, 2016
Duty Free News International, June 02, 2016
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