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Ulta Beauty Stock Falls Below Buy Point As Amazon Beauty Store Launched - Investor's Business Daily |
- Ulta Beauty Stock Falls Below Buy Point As Amazon Beauty Store Launched - Investor's Business Daily
- All-natural cosmetic company Lush opening first Staten Island store - SILive.com
- Beleza Pura Store corners Brazil's vegan beauty category - CosmeticsDesign.com USA
- Ulta shouldn't worry about Amazon's foray into the beauty sector, but other brands might not be so lucky, analysts say - Business Insider
- Butte police searching for suspect in beauty shop robbery - ABC FOX Montana
- Amazon Launches Online Store For Beauty Pros - pymnts.com
| Posted: 24 Jun 2019 01:16 PM PDT [unable to retrieve full-text content]
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| All-natural cosmetic company Lush opening first Staten Island store - SILive.com Posted: 25 Jun 2019 08:26 AM PDT STATEN ISLAND, N.Y. -- Lush, a UK-based cosmetics company known for its fight against animal testing, is opening a store in the Staten Island Mall, New Springville. Touting its "all natural products," Lush is well-known for its bath and shower bars, and skincare products. The store is slated to open in September, according to Jennifer Graybeal, a spokeswoman for the company. "Fighting animal testing should be a genuine practice. We believe in only buying ingredients from companies that don't commission tests on animals, and we only test our products on human volunteers — beliefs that are a company-wide policy," said Lush on its website. The 24-year-old company's mission statement includes the following: "Lush Cosmetics are purveyors of good, clean fun. They offer luxurious and ethical skincare, haircare and bath products, as well as unique gifts filled with fragrant and effective products." "...Every single Lush product is vegetarian, and about 85 percent are vegan, 40 percent preservative-free and 40 percent unpackaged," according to the company.  Touting its "all natural products," Lush is well-known for its bath and shower bars, and skincare products. The store is slated to open in September, according to a spokeswoman for the company. NOW HIRING The retailer says it's hiring for the following positions for the Mall store:
MALL RENOVATIONS The Staten Island Mall's recent 242,000-square-foot renovation, which began in 2015, welcomed a host of new stores and restaurants to the New Springville shopping center. A centrally located exterior plaza has been created for community gatherings and seasonal events. A "food district" with a myriad of eateries, as well as restaurants located in other areas of the Mall, have given shoppers many new and exciting dining options. Among the new retailers is Lidl, a supermarket with German roots and a dine-in AMC theater with an IMAX theater. Coming soon are more restaurants and retailers, including Longhorn Steak House. The most recent store to open was Footlocker, which moved from its former location in the Mall to a new 7,000-square-foot space near the old food court area on the second level, according to Mall management.  Footlocker moved from its former location in the Mall to a new 7,000-square-foot space near the old food court area on the second level. FOLLOW TRACEY PORPORA ON FACEBOOK and TWITTER  |
| Beleza Pura Store corners Brazil's vegan beauty category - CosmeticsDesign.com USA Posted: 25 Jun 2019 07:00 AM PDT  The vegan and cruelty-free retailer was launched as a virtual store online in Brazil in 2017 and has quickly risen to become the largest vegan cosmetics retailer in the country, thanks to growth of almost 6,000%. On top of this phenomenal growth rate, the retailer can also claim to be the first in the world to offer a direct sale catelogue of vegan and cruelty-free cosmetics. Time for change in Brazil Brazil has traditionally been a meat-loving nation but in recent years the younger generation is turning its back on this type of diet, with a recent survey conducted by the IBOPE finding that 14% of Brazilians now identify has vegan or vegetarian. This change in diet is also translating into a change in beauty and personal care, with more and more consumers searching for product alternative that have not involved testing on animals or animal derived ingredients. But according to the team at Beleza Pura Store, it is not just vegans and vegetarians that are switching to the sort of products the company offers. Indeed, many of its customers simply do not accept buying cosmetics that are tested on animals. According to the company founders, Edson Macedo and Louise Patricio, the problem that many consumers in Brazil that wanted to make the switch to products that uphold these values was to find brands and products that are 100% assured and genuinely vegan and cruelty-free. A safe place to buy vegan products This realization gave birth the concept for the store, to bring 100% verified vegan and cruelty-free cosmetics to a place where people could shop without fear of making mistakes or buying products that did not fulfill their lifestyle requirements. The development of the store concept caught the attention of Luisa Mell, who is one of the highest profile animal rights activists in Brazil. Impressed by what they were doing, Mell soon became a brand ambassador for Beleza Pura Store. "I am always being asked by my followers about how they can be assured that they are making the right changes. Now I am sure that by recommending these products I am doing this with confidence," Luisa Mell. Sustainability also very important The retailer has also been sure to be as sustainable and environmentally-friendly in the development of every aspect of the business. Sending the packages out from the shipment warehouse, the team decided to go with boxes that are made from recycled materials and instead of using Styrofoam to protect the products, they went with biodegradable corn extrusion. All of this makes for environmentally friendly solutions that are in line with vegan and cruelty-free consumers desires to protect the planet.  |
| Posted: 25 Jun 2019 02:40 PM PDT  Amazon's announcement of a new online storefront for beauty products had a swift impact on competitors. Ulta's stock fell 2.6% following the news, according to CNBC. Sally Beauty's stock dropped 17%. But investors may have acted prematurely on the news, with analysts saying Amazon's encroachment into the beauty sector will likely have a limited impact on Ulta. That's because the beauty retailer relies on customer loyalty and has a different customer base than Amazon. Amazon's Professional Beauty Store will primarily cater to professional stylists and aesthetician by offering a wide selection of top-notch brands, including Wella Color Charm, RUSK, and OPI Professional. The selection is meant for professional use and customers must possess a state-issued cosmetology, barber, or aesthetician license to make a purchase. Read more: 42 Ulta Beauty employees tell us the only products you should buy "Stylists can find more of what they need at great prices with convenient delivery options, freeing up their time to focus on what's important: their customers," Steve Kann, director of customer driven experience at Amazon Business, wrote in a blog post. But with the threat of Amazon looming over beauty, analysts say there are a few reasons Ulta should be in the clear for now. Analysts at UBS estimate in a report to investors that less than 10% of Ulta's sales are from professional stylists, so a significant impact on Ulta's sales from Amazon's professional store is therefore unlikely. Instinet analyst Simeon Siegel noted Ulta's favorable position could also stem from the unique experience that Ulta offers its customers. "Amazon has shown the ability to move units very effectively rather than to help people find something they didn't know they wanted. That is what Ulta and Sephora do very well." The UBS report also notes Ulta's devoted customer base and rewards program, which gives customers the chance to rack up points and earn discounts. Customer loyalty programs like this help Ulta's position in the face of a competing retailer, analysts say. Finally, analysts note that there is only minimal crossover in the brands that Amazon and Ulta both carry. Ulta currently has about 30% of the brands in Amazon's inventory. This small overlap, analysts suggest, will further help keep Amazon and Ulta away from each other's necks. Ulta got a sales boost last March when it started selling merchandise from Kylie Jenner's makeup brand, Kylie Cosmetics. The Kylie Cosmetics lip kits were largely responsible for strong sales and store traffic. "While today's news may temporarily reignite the debate on online-only competition in the beauty market, we believe Ulta is well positioned to sustain its recent momentum," reads the UBS report. However, experts estimate a larger toll on Sally Beauty's sales. Its stock already was hit harder than Ulta's on Monday, and analysts estimate that 30% of Sally Beauty's sales come from beauty professionals. For now, the long-term effects of Amazon's announcement remain undefined. "Amazon has seen a tougher time at tackling the beauty industry," said Siegel. "And the question remains whether this will end up simply being another attempt, or whether this will be the beginning of the end for brick-and-mortar beauty." "Companies might be put on notice, but it doesn't mean they are dead," he added.  |
| Butte police searching for suspect in beauty shop robbery - ABC FOX Montana Posted: 25 Jun 2019 12:49 PM PDT  BUTTE- Police are looking for a suspect in an armed robbery of a beauty supply shop. At 8 PM on Friday, Butte police responded to Sally's Beauty Shop on Harrison Ave. to a call of an armed robbery. A man allegedly came into the store, grabbed the clerk, took her behind the counter and demanded she give him the money in the register and safe. During the robbery, the man had his hand in one of his pockets which led the victim to believe he was armed with a gun. The man took the cash and fled on foot before officers arrived. Officers searched the area but did not find the suspect. The suspect is described as an athletic man wearing jeans, a black hoodie and sunglasses. Butte police believe he was also wearing a black baseball cap with "Hanser's" written on it (similar to the one in the photo.) If anyone has information on the incident they're asked to contact the department at 497-1120.  |
| Amazon Launches Online Store For Beauty Pros - pymnts.com Posted: 25 Jun 2019 02:59 AM PDT Amazon launched its latest B2B entry in eCommerce on Monday (June 24) with the Amazon Professional Beauty Store, a shopping hub for professional stylists, barbers and estheticians. The store will carry products from brands including Wella Color Charm, RUSK and OPI Professional, as well as other spa and salon supplies. "We are pleased to offer those in the professional beauty industry even more selection through the convenient shopping experience our customers love on Amazon Business," said Steve Kann, Amazon Business' director of customer-driven experience, on its business blog. "Stylists can find more of what they need at great prices with convenient delivery options, freeing up their time to focus on what's important: their customers." Amazon hopes the shop will streamline the shopping experience for beauty professionals, since many now end up shopping at a variety of cosmetology stores to find the full range of goods necessary to satisfy their customers. Moreover, because major brands tend to own their own stores, finding competing products with straight-line price comparisons can be challenging. Amazon Business believes it can address these issues with its large number of selling partners and its ability to quickly get the goods to their businesses. The store requires users to have a cosmetology license or a barber's/esthetician license. Once the license is verified, a stylist can create a free Amazon Business account and gain access. The store has already had an effect on the industry, as both Ulta and Sally Beauty saw their stock prices take a hit as the news was announced. The drop was more bad news for Sally; the firm's stock has already tumbled 20 percent in 2019 as weak earnings reports have disappointed investors. Ulta, however, has been having a great year, with its shares rising nearly 40 percent. Sally Beauty's stock plunged 12 percent on the news, while Ulta's fell 3 percent, CNBC reported.   |
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