Dynamics of cosmetic chain stores and imported high-end supermarkets
*According to relevant media news, retail group KK intends to go public on the Hong Kong Stock Exchange and has appointed a listed company. The initial plan is to raise 500 million US dollars (about 3.88 billion Hong Kong dollars).
*It is reported that in 2020, Sephora Shanghai’s main business revenue was 7.543 billion yuan, an increase of 2.08% year-on-year, and its net profit was 312 million yuan. Sephora Beijing’s revenue last year was 1.721 billion yuan, and its net profit was about 120 million yuan. This means Sephora China's total revenue last year was 9.264 billion yuan.
*Recently, the new generation of beauty collection store WOW COLOUR officially announced Ouyang Nana as the "speaker of beauty collection store."
*In May of this year, Yonghui opened 8 new stores in Fujian, Henan, Inner Mongolia and other places. Up to now, Yonghui Supermarket has opened 1028 stores nationwide, and more than 200 new Yonghui Supermarket stores are under construction.
*Hema announced the establishment of a new product incubation center "Hema X Accelerator", and plans to launch the "five zero" measures for partners, that is, 0 start-up capital, 0 cooperation threshold, 0 channel fees, 0 return cost, and 0 yuan marketing gift package.
*On June 3, Wal-Mart’s Sam’s Club, Asia’s largest flagship store, will be located in Shanghai Waigaoqiao, with a total construction area of approximately 70,000 square meters. It was announced to open in September.
Authoritative release
On June 3, the State Drug Administration issued an announcement on the implementation of the "Administrative Measures on Cosmetics Labeling", the main contents include:
1. The cosmetics label is defined, and the main responsibilities of the cosmetics registrant and recorder and the principle requirements for the content and form of the cosmetics label are clarified.
2. It stipulates the content that should be marked on the cosmetics label and the detailed requirements for the marking of each content, and stipulates the content that is prohibited to be marked on the cosmetics label.
3. According to the legislative thinking determined by the "Regulations", the specific circumstances of label defects are stipulated, and the application of relevant laws and regulations is clarified.
Brand and industry related dynamics
On the evening of May 30th, skincare brand Simpcare released "A Letter to Consumers". The letter stated,
1. The National Medical Products Administration has listed 109 ingredients in the list of banned cosmetics materials, including hemp leaf extract, the core component of Simpcare 's hemp leaf series products.
2. In accordance with this regulation, Simpcare will stop the production of hemp leaf series products containing hemp leaf extract materials from the date of the announcement. At the same time, the last batch of products will be sold during the legal sales period stipulated by the state.
In the early morning of June 1, Winona’s Tmall flagship store opened for 37 minutes, exceeding all-day sales in the same period in 2020. On the first day of the game, it was ranked “618 Tmall Beauty TOP10”, ranking first in domestic beauty products.
The first beauty online ─ WeCOSMOPROF International Beauty Online Exhibition will be held on June 7-18, 2021. It will become one of Cosmoprof's 2021 large-scale digital business events, leading everyone into the virtual exhibition space.
On May 27, the research team of the Cosmetics Supervision Department of the State Food and Drug Administration held a symposium at Hubei Yanzhuang Industrial Co., Ltd. to respond to the questions of cosmetic manufacturers about the efficacy evaluation, formulation submission, and transition period of the new regulations.
Recently, UNISKIN announced the completion of the A round of financing. The previous angel round was exclusively invested by Sequoia Capital.
On June 1, Oriental makeup brand Florasis officially announced its virtual image-"Florasis".
On June 3, Shandong Freda Biotech Co., Ltd. Yilian brand joined hands with CBE China Beauty Expo to open the "Encounter·Creative" 2021 China Hyaluronic Acid + Fullerene Industry Summit Forum in Jinan, Shandong.
International Group News
On June 2, Amorepacific announced the "2030 A MORE Beautiful Promise"-the five major promises of sustainable development aimed at achieving 2030. The main content of "2030 A MORE Beautiful Promise" is based on the five goals of "walking with customers and society" and "harmonious symbiosis with nature".
Data news
Xiaohongshu and Ipsos jointly launched the "2020 Xiaohongshu Year of Beauty Insight Report", which analyzes the changes that are taking place in the beauty industry based on big data. The report shows, the consumption of beauty content in the under-18s group on Xiaohongshu increased by 158%, and the domestic brand has accelerated under the pursuit of young people. Marketing based on the content of social platforms is deeply affecting the growth of beauty brands.
Since the start of JD 618 pre-sale on May 24, pre-sales of beauty products have increased by 112% year-on-year, the number of users participating in pre-sales of beauty products has doubled year-on-year, and 24-hour pre-sale orders have increased by 242% year-on-year.
As of the close of trading on June 1st, Eastern Time, the "Big Three" of China's concept stock e-commerce companies have all risen staggeringly:
1. Pinduoduo rose 11.58%, and its closing market value was 174.6 billion US dollars, up 18.1 billion US dollars;
2. Alibaba rose 2.58%, closing market value of 595.3 billion US dollars, up 15 billion US dollars;
3. Jingdong rose 5.94%, closing market value of 121.1 billion U.S. dollars, up 6.8 billion U.S. dollars.