Beauty industry performance June-Present (WIP)
As the number of empty shops increases across the UK after the impact of the coronavirus lockdown, trends across the beauty industry are starting to become clear.
TheIndustry.fashion checks in with some of the UK's beauty and skincare businesses, brands and retailers, detailing how they have performed since lockdown rules were intially relaxed.
Laser Clinics UK
Managing Director of Laser Clinics UK, Bridget Healy, remains very focused on ensuring staff and customers remain as safe as possible in light of increasing Covid cases.
"Fortunately, even in Tier 2 and Tier 3 regions, at this stage we are able to stay open and continue to treat our customers – in fact demand remains very strong! With the economic and emotional impact of further Covid restrictions we are definitely seeing increased demand for our feel-good treatments such as microdermabrasion, skin peels and anti-wrinkle injectables.
"To make sure that we can perform these treatments safely we have reviewed our PPE and Covid-safety protocols and are closely following best practice guidelines outlined for our industry. This is absolutely critical for us because we remain committed to growing our network in the UK – we have 5 new clinics set to open early in 2021 - and we need to be very confident we can do this safely!"
LVMH has reported a drop in sales for its beauty division that has been affected by the Coronavirus pandemic.
Cosmetics and perfumes sales downturned 16% in Q3 compared with the same period in 2019. It also reported a 25% drop in organic revenue for its beauty division in the first nine months of 2020.
The luxury group’s strategy for the rest of 2020, will focus on protecting the value of its brands by investing in marketing and communications.
LVMH said it “will rely on the power of its brands and the talent of its teams to further extend its global leadership in the luxury market in 2020.”
The Inkey List
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H Beauty by Harrods
The 23,000 sq. ft. space intends to represent the future of beauty, providing an open and expansive space for customers to safely shop brands from around the world, from legacy brands to pioneering, new generation beauty brands.
Annalise Fard, Director of Beauty, Fine Jewellery & Watches and Home at Harrods, said: "By opening the first H beauty store in Lakeside and the second closely following in Milton Keynes, we are bringing beauty to an incredibly responsive community of existing beauty lovers.
"Although the brand portfolio will be similar across both locations, the edit will be slightly different according to the culture of that location, city or that particular client and will allow H beauty to be the central beauty hub in each destination."