Brick-and-mortar presence vital as more brands seek India entry - Nykka
India’s beauty and fashion retailer Nykaa sees the need to reinforce its physical retail network to entice more global brands to work with them on India market entry.
In March, the company unveiled a new luxury flagship store in Mumbai.
“This is the first new flagship model which we have launched, and you’ll see more of this type of stores launching in the coming months and years,” said Anchit Nayar, executive director and CEO of Nykaa’s beauty business.
Mavala targets new and existing market to revitalise APAC presence – CEO
Swiss cosmetics company Mavala is set to reinvigorate its presence in the important Asia Pacific market with plans targeting both new and existing markets.
Today, Mavala is available in over 100 countries, including APAC markets such as Australia, New Zealand, Hong Kong, Japan, South Korea, Indonesia, and Myanmar.
Asia represents a major opportunity for the company, and it was currently working to strengthen its foothold and expand its reach in the region.
Teaology eyes brick-and-mortar expansion in China as online competition intensifies
Italian skin care brand Teaology has its sights set on building a physical retail presence in China as competition through cross-border e-commerce heats up.
While its performance in China has been healthy, the company believes moving into brick-and-mortar will help advance the business there.
“On Tmall, the brand is doing well but it’s not like 2015 or 2016. Right now, its all diluted because the market is too crowded. The boom in Tmall, Little Red Book – these made it too easy for everyone to be there so everyone was there,” said CEO Paolo Bevegni.
Shiseido’s serum foundation attracts new consumers, boosts Q1 sales
Japanese beauty major Shiseido Company’s serum foundation innovation is drawing in new consumers and boosting sales in its home market.
In Japan, Shiseido successfully delivered robust growth in its core brands, led by flagship brand SHISEIDO and Clé de Peau Beauté, due to a steady increase in consumers.
The firm highlighted that SHISEIDO’s Revitalessence Skin Glow Foundation was responsible for capturing a large share of new customers.
Clio Q1: Goodal, Dermatory skin care sales boost enhances overall profitability
Clio Cosmetics reported a boost in profitability for the first quarter (Q1) driven by efforts to improve the sales of skin care brands such as Goodal and Dermatory.
The South Korean beauty company achieved sales growth of 24% to KRW93bn (USD68m) while operating profit increased by 63% to KRW8.5bn (USD6.21m).
This marked 12 consecutive quarters of growth for the company.
