Dynamics of cosmetic chain stores and imported high-end supermarkets
The domestic "new species of beauty" represented the first master shop of THE COLORIST in Dongguan on May 1st! The large space of 1500 square meters attracted 13,000 people from the Greater Bay Area and the queue was once as long as hundreds of meters.
According to news on April 30, the Japanese skin care brand GREFAS, which is popular for its placental protein and umbilical cord extract ingredients, announced that it has reached a strategic cooperation with the imported cosmetics directly-operated chain brand Fiona, and the full line of Gerifa products will be listed in Fiona successively.
Brand and industry related dynamics
*Recently, Aekyung has launched a new and upgraded new generation of air cushion products "Essence Concealer Foundation Master" series and "Moisturizing Cream" series, which is the first to enter the "golden age" of cross-border beauty.
*On May 7, with the theme "Xin Opportunity·Post-Era" , Runcuoo’s 9th Charm Sanya Brand Ceremony kicked off.
*On the evening of May 7th, Beijing time, Onion Group was officially listed on the New York Stock Exchange with the stock code "OG", "the first U.S. stock beauty cross-border e-commerce stock" was born.
*From May 7th to May 10th, the first China International Consumer Goods Fair was held at the Hainan International Convention and Exhibition Center. From more than 70 countries and regions, more than 1,500 domestic and foreign exhibitors gathered together to attend this national-level exhibition. Among them, beauty groups and brands such as L'Oréal, Shiseido, Kao, Johnson & Johnson, Huaxi Bio, Fosun International, etc. concentrated their appearances, looking for opportunities in Hainan.
*Recently, the American beauty group Revlon released its Q1 financial report for 2021.
In the first three months ending March 31, Revlon’s sales fell 1.76% year-on-year to US$445 million (approximately RMB 2.859 billion), and a net loss of US$97.4 million (approximately RMB 626 million), but compared to the loss of US$216 million (approximately RMB 1.387 billion) in the same period last year, it’s improved.
*On May 11, with the theme of "Consolidating Core·Joint Strength", Adolf's 2020 Appreciation and 2021 Mid-year Brand Strategy Conference was successfully held in Hangzhou.
*On May 12, the 26th CBE China Beauty Expo officially opened, bringing together more than 3,200 companies in the entire cosmetics industry chain around the world, covering tens of thousands of brands.
*Tianyancha App shows that on May 8, Hainan Yipin Supply Chain Management Co., Ltd. was established. Its business scope includes merchandise sales in duty-free stores; goods import and export; cosmetics retail; supply chain management services, etc.
*The equity penetration chart of Tianyancha shows that Hainan Yipin Supply Chain Management Co., Ltd. is wholly-owned by Guangzhou Yixian E-Commerce Co., Ltd., a related company of Perfect Diary.
*Recently, Carslan, a leading brand of professional cosmetics in China, officially announced that it has become a partner of the People's Daily new media "China's Legitimate Tide", and has entered the popularly-focused creative experience pop-up store "Youjian Guochao Hall".
Authoritative release
On April 30, the State Drug Administration issued the "List of Used Cosmetic Ingredients (2021 Edition)", which came into effect on May 1.
E-commerce platform dynamics
On May 9, Alibaba’s membership-based e-commerce platform Kaola Haigou announced at the first Consumer Expo that it has reached a strategic cooperation with Unilever on the construction of a free trade port of 5 million yuan in daily necessities, and will accelerate its offline new retail store deployment in Hainan.
International Group News
Data shows that Johnson & Johnson Consumer Products China's online business has increased 7 times since 2015, and has accounted for more than 50% of business sales this year.
During the "Five-five Shopping Festival", L'Oréal Group's first plant essential oil cinema-level skin care brand DECLÉOR, problematic makeup expert It Cosmetics, and Valentino beauty makeup inspired by haute couture (Valentino Beauty) , the three major brands officially landed in the Chinese market.
Hainan Duty Free Shop News
It is reported that the first China International Consumer Goods Expo has boosted consumption growth, and the spillover effect of the exhibition can be expected. Recently, the passenger flow of Hainan shopping malls has increased significantly compared with the same period of last month. From May 1 to 10, the sales of 9 duty-free shops in Hainan Province were 2.19 billion yuan, a year-on-year increase of 1.79 times.