Dynamics of cosmetic chain stores and imported high-end supermarkets
Recently, Sanfu Department Store quietly expanded the area of the beauty area, and the proportion of cosmetics increased significantly, of which make-up accounted for more than half. At the same time, Sanfu has also deployed online channels such as Tmall and WeChat Mini Programs, realizing the O+O model of online order placement and offline delivery.
It is reported that Sephora, a French beauty giant under the LVMH Group, will acquire Feelunique, a British online beauty retailer. An official announcement will be made next week. The transaction price may be 132 million pounds.
Recently, the TopDigital Innovative Marketing Award of the Year was announced. MINISO won the "TopDigital Innovative Marketing Award-Integrated Marketing Award" and the "TopDigital Innovative Marketing Award-Integrated Marketing Award of the Year" two awards.
Nippon Yipin Project, a daily grocery store "MUJI", said on July 21,
1. Starting from fiscal year 2024 (until August 2024), 50 stores will be opened in China each year, and the opening speed will be twice the current rate;
2. It will also set up a management team in charge of China's business to speed up the pace of opening stores in cities with fewer stores.
Authoritative release
On July 16, the State Administration for Market Regulation issued two major documents in conjunction, the "Notice on the Qualification Certification of the National Product Quality Inspection and Testing Center and its legal entity" and the "Report on the inspection and testing of counterfeiting online sales" Notice on Special Rectification Actions for Illegal Acts."
Brand and industry related dynamics
On July 15, the National Bureau of Statistics released data showing that in the first half of this year, the total retail sales of consumer goods was 21,190.4 billion yuan, a year-on-year increase of 23.0%. Among them, the retail sales of cosmetics above designated size was 191.7 billion yuan, a year-on-year increase of 26.6%, a negative growth of 0.2% over the same period last year, an increase of 26.8%.
Recently, the Zhejiang Securities Regulatory Bureau issued the "Hangzhou Gaolang Holdings Co., Ltd. Counseling and Recording Publicity Document". This means that Gaolang Holdings has officially launched listing counseling and may be listed on the A-share market in the future.
It is understood that the total revenue of Pien Tze Huang cosmetics in 2020 will reach 611 million yuan, a year-on-year increase of 42%; from 2017 to 2020, the total revenue will be from 202 million to 611 million, an average annual compound growth of 42.3% in the three years.
It is reported that the beauty care brand inFace recently received tens of millions of RMB in Pre-A round of financing, led by Xiaomi Group and Shunwei Capital, the previous round of investment in Square Core Capital and additional investment from strategic partners.
Judydoll's affiliated company Shanghai Juyi Cosmetics Co., Ltd. issued a statement stating that
1. Regarding the recent media reports of our company’s change of shareholders and the withdrawal of the founder, the information is seriously deviated from the actual situation.
2. At present, the company is operating normally, and the actual controller, shareholder structure and management of the company have not changed. Judydoll is still a domestic brand.
In the near future, in order to provide consumers with more reference value of cosmetic safety risk assessment, beauty evolution intends to incorporate cosmetic safety assessment and test reports into the big data analysis dimension of beauty evolution product safety evaluation, and will formally upgrade it from July to August.
Recently, Xiaomi Group led the investment in the beauty care brand inFace. It is understood that inFace has received tens of millions of yuan in financing this time, and the funds will be used for new product research and development, brand promotion and overseas growth.
Recently, Adrien Geiger, General Manager and Head of Sustainability of L’Occitane, revealed that
1. Thanks to effective restructuring measures, L’Occitane’s performance is gradually recovering, with sales in the fourth quarter rising by 6.9% year-on-year to 361 million euros;
2. China has become the largest source of revenue for the group, with sales soaring 58.2% to 64.96 million euros.
Recently, China's leading dermatologist value platform Umai Technology announced the completion of a tens of millions of US dollars in A+ round of financing. This round of financing was led by Jingwei China, and Haoyue Capital served as the exclusive financial advisor for this round of financing.
According to data from Tmall International, in the past year, the number of new overseas hair care brands entering Tmall International has doubled, hair care essential oil ampoules increased by 170%, and sales of imported scalp care products increased by 340% year-on-year.
According to incomplete statistics, since the first half of 2021 (January to June), there have been 49 domestic investment and financing incidents for the cosmetics industry, with a total investment of more than 3 billion yuan.
Logistics and e-commerce platform dynamics
On the evening of July 13, SF Express announced its first-half performance forecast. The net profit attributable to shareholders of listed companies was 640-830 million yuan, a 78%-83% decrease over the same period of the previous year. SF Express's two main businesses, time-sensitive parts and economic parts (e-commerce), accounted for 43% and 29% of revenue in 2020, respectively.
According to foreign media reports, in recent days, Xiaohongshu will suspend its plans to go public in the United States (plans to raise up to 1 billion US dollars).
It is reported that Alibaba and Tencent are considering opening up their ecosystems to each other. Alibaba’s initial moves may include introducing Tencent’s WeChat Pay to Taobao and Tmall; both parties are making separate plans to relax restrictions.
On July 21, according to industry sources, Xiaohongshu will make two major functional adjustments at the end of July and early August, respectively. The notification information has been officially operated by Xiaohongshu and released in relevant communities.
1. On July 26, Xiaohongshu severely cracked down on soft and wide notes, and strongly reminded bloggers to join in a statement of interest;
2. From August 1st, Xiaohongshu will cut off the chain of cargo.
On the evening of July 27, Alibaba Group released its fiscal year 2021 annual report, which showed that
1. In fiscal year 2021, Alibaba's global ecological global annual active consumers exceeded the 1 billion milestone, reaching 1.13 billion.
2. Domestic and overseas consumers have created an annual transaction scale of 8.119 trillion yuan on the Alibaba platform.
3. Alibaba Cloud Computing's sales in the last fiscal year exceeded 60 billion yuan, an increase of 50% year-on-year, and it continued to maintain its leading position in the industry.
On July 29, Tmall International released three new service measures for merchants to help overseas brands enter the Chinese market with lower cost and higher efficiency.
The three major services include the availability of merchant deposits, the opening of new merchants' rapid entry channels, and the establishment of merchant entry service centers.
International Group News
On July 15, L'Oréal China's first high-definition beauty brand, Valentino Valentino Beauty, announced the opening of the Tmall flagship store in a magnificent opening ceremony at No.1 Xintiandi, Shanghai.
Recently, the three major brands of Estee Lauder, Clinique, and Yue Muzhiyuan under the Estee Lauder Group have entered JD.com. The products cover more than ten sub-categories such as makeup remover cleansing, essence lotion, men's skin care, base makeup, lipstick, etc., with a total of more than 130 products.
On July 20, L'Oréal Group's Coyan's brand entered JD.com. Following the launch of Kiehl's Kiehl's official flagship store on JD.com, JD Beauty will also launch the "Summer Skin Declaration" Kiehl's Super Brand Day event on August 4.
In the early morning of July 30 (Beijing time), L'Oréal Group released the latest results for 2021. The report shows,
1. As of June 30, 2021, the company's sales were 15.19 billion euros (about 116.545 billion yuan), a year-on-year increase of 20.7%, excluding exchange rate and other effects, a year-on-year increase of 16.2%;
2. Operating profit increased from last year's 2.357 billion euros to 2.988 billion euros (approximately RMB 22.925 billion), and the operating profit margin rose simultaneously to 19.7%.
On July 21, local time in the United States, Johnson & Johnson announced the 2021 second quarter financial report and semi-annual report.
1. In the first half of 2021, Johnson & Johnson achieved sales of USD 45.6 billion (approximately RMB 295.65 billion), a year-on-year increase of 16.9%.
2. Johnson & Johnson's net profit in the first half of the year reached US$12.47 billion (approximately RMB 80.85 billion), a year-on-year increase of 32.4%.
3. Johnson & Johnson's revenue in the second quarter was US$23.3 billion (approximately RMB 151.1 billion), a year-on-year increase of 27.1%, higher than analyst expectations. Among them, sales in Europe increased the most, as high as 39.5%.
Recently, Unilever released basic sales for the second quarter and the first half of the year. The results show that,
In the first half of 2021, sales increased by 5.4%, higher than the expected 5.3%. In the same period, sales increased by 4.0% and prices increased by 1.3%, which showed that commodity prices rose faster in the second quarter.
Hainan Duty Free Shop News
Jie Luofu, a plant-based scientific skin care brand from the French royal family, announced that it will officially open its first duty-free store in Hainan, China on July 24 in Sanya Hailu Duty Free City.
Recently, the Ministry of Commerce issued the "Special Administrative Measures for Cross-border Service Trade in Hainan Free Trade Port (Negative List) (2021 Edition)", which is the first negative list announced by China in the field of cross-border service trade. The list clearly lists 70 special management measures in 11 categories for overseas service providers.
On July 27, Wangfujing announced that the board meeting reviewed and approved the proposal to invest in the establishment of Wangfujing Duty Free (Hainan) Headquarters Co., Ltd.: It was agreed that the company’s wholly-owned subsidiary + Beijing Wangfujing Duty Free Operation Co., Ltd. should invest in the establishment of Wangfujing. Duty Free (Hainan) Headquarters Co., Ltd. has a registered capital of 900 million yuan.