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Luxury takes off as China’s economy bounces back

Luxury takes off as China’s economy bounces back

China’s GDP grew 4.9% year-on-year in the third quarter as it continues to bounce back from the coronavirus pandemic, figures from the country’s National Bureau of Statistics show, yet recovery in retail consumption has been slower. The luxury[…]

10/20/2020 |
Glass half full for New World whiskies

Glass half full for New World whiskies

Shaking up the segment and attracting new consumers, New World whisky is set for a bright future, according to a white paper from Distill Ventures*. New World whisky is defined as whisky that is either not produced in Scotland, Ireland, Canada,[…]

10/15/2020 |
Fragrance leads UK prestige beauty recovery

Fragrance leads UK prestige beauty recovery

Fragrance is at the forefront of the prestige beauty market’s recovery in the UK, according to new data from The NPD Group. While fragrance sales dropped -67% during lockdown (12 weeks from March 22 –June 13, 2020) compared to the same period in[…]

09/25/2020
Asia-Pacific leads in retail’s post-covid digital transformation

Asia-Pacific leads in retail’s post-covid digital transformation

The Covid-19 health crisis has seen retailers accelerate their digital transformation as they mine new technologies in response to novel consumption patterns. Nowhere is this shift more evident than in Asia-Pacific, which is at the forefront of[…]

The makeup market in figures

The makeup market in figures

According to Mintel, which tracks all retail channels (physical and online, from mass to selective), the US makeup market was worth $11.13bn in 2019, an increase of 1.2% compared with 2017. Representing 45% of the market, the face segment[…]

07/20/2020
China make-up market to see +8% CAGR through 2024, says GlobalData

China make-up market to see +8% CAGR through 2024, says GlobalData

Chinese consumers are spelling big opportunities for luxury makeup brands as the market is forecast to reach $8.8bn in 2024, according to GlobalData. The research firm’s new report, China Make-Up – Market Assessment and Forecasts to 2024,[…]

China’s luxury & beauty sales rebound, says Luxurynsight report

China’s luxury & beauty sales rebound, says Luxurynsight report

With China’s gradual economic recovery and consumption getting back on track, luxury and beauty are witnessing a fast rebound at retail in the country, according to a just-published report from research firm Luxurynsight. However, with the[…]

Covid-19 to cause biggest drop in US beauty market in 60 years

Covid-19 to cause biggest drop in US beauty market in 60 years

The coronavirus pandemic is predicted to cause a 2.5% drop in the US beauty and personal care market in 2020, according to Kline—the biggest drop in the more than 60 years the market-research firm has been tracking the industry. This decline[…]

04/07/2020 | Coronavirus
Post-coronavirus: Bain outlines luxury consumption trends to come

Post-coronavirus: Bain outlines luxury consumption trends to come

Bain & Company identifies six emerging consumption trends as the luxury industry looks to make sense of the current coronavirus crisis. As of March 25, the consulting firm is forecasting a 25% to 35% contraction in the global luxury market[…]

04/02/2020 |
Prestige beauty paints a mixed picture

Prestige beauty paints a mixed picture

The prestige beauty market is contrasted, with a scissors effect between makeup and skincare, highlighted market-research firm The NPD Group at CEW’s Beauty Business event in Paris last week. Prestige beauty sales in North America were flat In[…]

03/03/2020 | skincareRegional focus