National Retail Federation forecasts a $25 billion holiday sales boost, despite truncated shipping timelines Consumers are predicted to spend an additional $25 billion on holiday shopping in November and December compared to 2023, according to The National Retail Federation’s annual holiday forecast released on Tuesday. Holiday sales could grow an estimated 2.5-3.5% to reach $990 billion in sales from November 1 to December 31,...
Beauty & Wellness Briefing: L’Oréal Group partners with The New York Times to shift consumer perception of beauty This week, I check in with L’Oréal Group and the New York Times to learn about their new branded collaborative project that includes a beauty-focused vertical in the NYT called "Face Value" and a product-ambiguous podcast hosted by Italian-American actress and model Isabella Rossellini called “This Is Not a Beauty...
Beauty & Wellness Briefing: Maesa reveals second incubator cohort as incubator programs continue to trend This week, I checked in with Piyush Jain, the CEO of Maesa, the beauty industry’s leading mass beauty incubator, to learn about the company’s second Maesa Magic Incubator program. We discussed the strategy behind the initiative, as well as learnings from the inaugural program. Additionally, executive changes at Ilia Beauty,...
Estée Lauder Companies releases glass packaging best practices informed by a multi-year study The beauty industry is currently experiencing a packaging "glassification," with more brands replacing plastic packaging with glass to better appeal to environmentally-conscious consumers. But how much better is glass cosmetics packaging for the environment? And what attributes are impacting its recyclability? To find out, Estée Lauder Companies partnered with Strategic...
Luminaire’s Sukeena Rao: ‘VICs are the driving force of the luxury business’ Sukeena Rao, co-founder of London-based personal shopping firm Luminaire, joins the Glossy Beauty podcast to discuss today’s luxury shopper and the growing role of beauty and wellness in reaching the ‘VIC.’
Beauty & Wellness Briefing: The factors driving luxury skin-care pricing in 2024 This week, I checked in with top cosmetic chemists and luxury skin-care brands to determine what’s driving luxury skin-care pricing today. Additionally, Youthforia makes a strategic hire to rebound its public perception, Glossier expands its fragrance offering, and the hair mask marketplace sees noteworthy growth.
‘Health is wealth’ for a growing number of affluent Americans investing thousands on scans and supplements The idiom “health is wealth” took on new meaning during the COVID-19 pandemic and primed the American public for a rapidly growing cottage industry currently disrupting the healthcare system: out-of-pocket preventative products and services. Glossy spoke to the execs behind companies like Ezra, Prenuvo, SonoBreasts and more to learn about...
How socks became the new status symbol — and what it means for brands and retailers A few short years ago, socks provided protection and comfort to our feet. Today, socks tell the world where you fit into society. Dramatically shifting the sock marketplace required a perfect storm of cultural and economic conditions. This includes a shift in generational preference, including the online shaming of ankle...
As Ozempic gains popularity, a skin-care category catering to GLP-1 users is inevitable How will Ozempic’s popularity impact the skin-care market? Experts say it could be huge, with an entirely new category of patients — currently tracking at around 15 million Americans — potentially looking for better support from their face and body personal care products to alleviate side effects of GLP-1 drugs....