How Target Is Bucking Industry Trends and Growing in Mass Market Beauty

  • 📰 wwd
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 68%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Target's beauty strategy has led growth at the retailer writ large, despite broader declines in the mass market.

Per the company’s last earnings call, beauty helped drive a 2.7 percent growth in the second quarter, alongside fashion, with net sales totaling $25.5 billion and beating Wall Street expectations. Within that, beauty rose 9 percent on a comparable basis, on top of double-digit growth a year ago.

Among a slew of other factors, Gomez attributed Target’s growth to the right assortment — at the right time. “50 percent of our assortment is under $10, but value is important in the sense that consumers are looking for high quality products — they’re also shopping prestige,” Gomez said. “It’s about providing the range of value across price points and also offering quality product at an affordable price.”

In some cases, that includes thinking small and homing in on microtrends to lead the market toward broader areas of growth. “Trends come from social. On TikTok, the Unbrush was trending. We jumped on it, and within eight weeks, had a display of the Unbrush in-store. We’ve since sold 27 colors; it’s been a huge hit and a big driver of growth.

“We’re their number-one brand with over 20 percent of their entire category,” said Tarang Amin, chief executive officer of E.l.f. Beauty, in a recent interview. Another key area of growth is its minis business, which has more than doubled in the last three years. The opportunity there, Gomez said, is manifold.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 24. in TH
 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

As Bombs Drop, Weapons Industry Stocks Take OffWilliam D. Hartung is a Senior Research Fellow at the Quincy Institute for Responsible Statecraft, and the author most recently of 'Pathways to Pentagon Spending Reductions: Removing the Obstacles.'
แหล่ง: commondreams - 🏆 530. / 51 อ่านเพิ่มเติม »