According to Euromonitor International, huge growth opportunities for beauty brands are hidden in emerging or still underexploited markets, which are characterized by a strong demographic push, growing urbanization and an average increase in purchasing power. The main driving categories are haircare (with a value of 7.9 billion dollars), fragrances (6.3 billion dollars) and skincare products (5.5 billion dollars). By 2027, the region will reach a revenue of 47 billion dollars, with an average annual growth of 12%. Rising wealth in the Middle East The Middle East is witnessing significant expansion due to the growing purchasing power of local consumers. Fueled…
Tag: health and beauty aids
The SN News Quiz: Let’s talk about premium beauty
Here are the results of last week’s SN News Quiz! 1. By what percentage did Walmart’s ecommerce grow in Q4? 2. Which retail pharmacy company is testing out a Chicago pilot program that allows moms with candle-making skills to transfer into pharmacy tech positions? Walgreens Rite Aid CVS (woohoo!) 3. Which retailer just launched a new premium private label brand? Target SpartanNash (you got it!) Whole Foods Market Bonus question: More retailers are seeking to compete with specialty retailers and other merchandisers by expanding their health and beauty products to include additional…