Industry Analysis & Industry Trends
Expansive product selections and skilled staff have driven revenue for the Beauty, Cosmetics and Fragrance Stores industry over the past five years. An increase in youth-targeted cosmetics, the expansion of male-specific products and the reformulation of anti-aging staples have given specialty beauty stores a new array of items to offer customers. In the next five years, per capita disposable income will continue to rise and industry revenue will similarly trend upward. However, competition from online retailers is anticipated to curb growth opportunities... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry for the Beauty, Cosmetics and Fragrance Stores industry are on the rise as major players Sephora and Ulta continue to capture a growing share of the market. Moreover, capital costs may pose a barrier to some entrants. According to Ulta's financial statements, the average investment to open an Ulta store is about $1.0 million. Smaller stores such as Sally Beauty Supply, however, reportedly incur about $70,000.00 in startup capital costs.
New operators need extensive advertising resources to compete against established players that already have successful brand names supported by promotional resources... purchase to read more