Tuesday
Jul262016
US BEAUTY MARKET EXPECTED TO GROW TO $90 BILLION IN 2020, AND ACCELERATED ANALYTICS COSMETICS BRANDS ARE IN THE NEWS!
Tuesday, July 26, 2016 at 10:58AM Today’s $80 billion US beauty market will continue to grow according to a report by Euromonitor International. This growth rate will mean the beauty market will grow by 45% in 10 years. In 2015, the premium beauty category grew 7%, with premium foundation sales increasing 14.2%, compared to just 3% the prior year. Consumers have been shifting to premium products, looking for high quality products. Many luxury beauty brands who use Accelerated Analytics POS reporting to optimize inventory levels, track promotions and drive sales are in the news with big headlines this week, such as Parlux Fragrances, Shiseido, Inter Parfums, Estee Lauder, Elizabeth Arden, Coty and L’Oreal. Click Here to learn more about our solutions for beauty brands.
tagged Beauty Industry, Beauty Vendors, Cosmetics, Estee Lauder, Inventory Management, L'Oreal, POS Analysis, POS data, Parlux, comparable sales increase, retail sales growth in Accelerated Analytics, Acquisitions, Increasing Sales, Inventory Management, Manufacturing, Omnichannel, POS reporting, Retail, Retail Announcement , Retail Sales, Retail Sales Figures, Retail Spending
Beauty Industry, Beauty Vendors, Cosmetics, Estee Lauder, Inventory Management, L'Oreal, POS Analysis, POS data, Parlux, comparable sales increase, retail sales growth in Accelerated Analytics, Acquisitions, Increasing Sales, Inventory Management, Manufacturing, Omnichannel, POS reporting, Retail, Retail Announcement , Retail Sales, Retail Sales Figures, Retail Spending