Industry Analysis & Industry Trends
Beauty and cosmetics retailers have experienced overall growth over the past five years, despite a few blemishes during the recession. Rising disposable income and new product introductions will continue to support revenue growth in the coming years. Nevertheless, competition is on the rise from department stores, mass merchandisers and e-tailers, which will pressure product prices and industry profit margins... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Beauty, Cosmetics and Fragrance Stores industry is growing. Industry value added (IVA), the industry's contribution to the overall economy, is expected to grow at an average annual rate of 4.6% over the 10 years to 2018. This pace is significantly faster than the growth rate of GDP, which is anticipated to grow at an average of 2.1% per year over the same period. Beauty stores provide a unique experience that traditional makeup outlets like department stores and drugstores do not offer. Major player Ulta, for example, aims to draw in costumers by offering what it refers to as an "uplifting experience" through "the five e's: escape, education, entertainment, esthetics and empowerment."
The industry is also growing in terms of size... purchase to read more