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Beauty sales are bucking a trend of declining consumer spending in other categories. The strength in beauty is reflecting a long-held retail indicator called the "lipstick index." Consumers are spending more on beauty in general, with over a third of survey respondents saying they spent over $500 on beauty products in the past year, up from a quarter the year prior, according to Inmar Intelligence. Other beauty retail partnerships, like Sephora and Kohl's, are getting a boost from the lipstick indexUlta and Target aren't the only retailers seeing beauty products fly off the shelves. In fact, the allure of Sephora is so strong that it's helped buoy same-store sales for Kohl's and draw younger consumers.
Kimbell said that consumer spending across income levels remained strong in the fourth quarter and that customers are not trading down to cheaper options, despite higher prices on the company's products. Same-store sales grew 15.6% in the fourth quarter, slower growth than the 21.4% jump it posted in the same quarter the previous year, but well above analysts' estimates of 8.4%, according to StreetAccount. Kimbell said that makeup, haircare, skincare and fragrance products all saw double-digit sales growth in the fourth quarter. Wall Street was anticipating 2023 revenue of $10.74 billion and earnings per share of $24.25, according to Refinitiv. It opened 12 new stores in the fourth quarter and is shooting for between 25 and 30 new locations in 2023.
Insider asked three hairstylists the things they wish clients knew, and not all of them are obvious. Now that salons are back with full steam, it's as good a time as any to brush up on salon etiquette. Insider spoke with seasoned and newer hairstylists in urban and suburban salons to find out their best customer etiquette tips across the board. Expect to get what you pay forWhen you enlist the service of a professional, you're not paying for that one service — you're paying for the years of experience that led to it. "There's one lady that comes to my salon who always tips $40 for a blowout, which is a lot," Fernandes said.
But the true win is scoring a hot-ticket item that rarely goes on sale, like Apple products, Samsung OLED TVs, or Dyson haircare products. Here are some examples: Sony's premium noise-canceling WH1000XM4 headphones are on sale for $120 off their normal price (which is a downright steal for one of the best headphones on the market). Fitbit's Charge 5 is down to just $100, which is $50 off its normal price. These are just some of the best deals we've seen this holiday season, with several others posted below. Insider is offering a deal on its annual subscription for $38, the lowest price of the year.
CNN —Jennifer Aniston has opened up about her failed attempts to get pregnant, saying she has “zero regrets” about a difficult period in her life. Otherwise, I would’ve been stuck being this person that was so fearful, so nervous, so unsure of who they were,” she said. Do yourself a favor.’ You just don’t think it. “I don’t have anything to hide at this point.”Pergament asked Aniston whether she would get married again. The reason I went on Instagram was to launch this line,” she said.
Amazon's second annual Holiday Beauty Haul event is still in full swing. In addition to makeup, skincare, and haircare products on sale, the shopping event also includes a ton of our favorite shaving and grooming products. Until November 6, you can save on everything from razors and trimmers to beard oil, aftershave, and cologne. Whether you're shopping for stocking stuffers for the guys on your holiday list or you're looking to save on grooming products you regularly buy for yourself, you'll find the best deals here. You can also find our beauty team's picks for the best Beauty Haul skincare deals, Amazon hair care deals, and the best Beauty Haul deals overall.
New York CNN Business —Unilever has recalled certain Dove, Nexxus, Suave, TIGI and TRESemmé aerosol dry shampoos because of the potential presence of benzene, a chemical that can cause cancer. The affected products were produced prior to October 2021 and were distributed at retailers nationwide, the Food and Drug Administration said in an announcement Friday. They include products such as Dove Dry Shampoo Volume and Fullness, Dove Dry Shampoo Fresh Coconut, Nexxus Dry Shampoo Refreshing Mist and Suave Professionals Dry Shampoo Refresh and Revive. Consumers should stop using the affected aerosol dry shampoo products and visit UnileverRecall.com for instructions on how to receive reimbursement for eligible products, the FDA said. Last year, Procter & Gamble (PG) recalled more than 30 aerosol spray haircare products, including many dry shampoos and dry conditioners, warning that the products could contain benzene.
At 27, Pierson has defied the odds that many entrepreneurs, especially Latinas, face. Latina founders run nearly 2 million businesses across the country, but receive less than 2% of venture capital funds. Pierson was one of several Latina entrepreneurs speaking in New York City on Friday at a breakfast for investors and members of the media (disclosure: This reporter was one of the moderators). Focused on funding opportunities for women of color, Pierson and others discussed their trajectories on raising capital, scaling up their businesses and achieving significant revenues. One of the other Latina entrepreneurs who discussed her experience starting a business was Karla Gallardo, the founder of Cuyana, a highly successful lifestyle brand known for its sustainably sourced and premium leather accessories and apparel.
In recent years, beauty and grooming deals have become a huge part of Amazon Prime Day — and it's going to be a big part of the Prime Early Access Sale, too. From makeup and shampoo to skincare devices and shavers, there's a lot to discover at discounted prices during the two-day shopping event, which runs October 11 and 12. If you're hoping to save on personal care items during Amazon's massive shopping event, you've come to the right place. We rounded up some of the best beauty, grooming, and skincare products currently on sale. The best Prime Day beauty and grooming deals available during Prime Early Access:
AdvertisementWhat we thought after trying Function of Beauty Elisabeth shows the before and after using Function of Beauty on her curly hair. Elisabeth's Function of Beauty haircare lineup includes: purple shampoo, purple conditioner, and leave-in treatment. AdvertisementAlyssa's Function of Beauty custom haircare lineup includes: turquoise shampoo and purple conditioner. Mara's custom Function of Beauty lineup includes: a purple shampoo, white conditioner, hair serum, and body lotion. While the shampoo and conditioner are the most popular, Function of Beauty offers a full line of customizable haircare, including: a hair mask, purple shampoo, leave-in, co-wash, and hair serum.
Persons: , Zahir Dossa, Dossa, Elisabeth, Elisabeth Chambry, I'm, I've, Connie Chen, Alyssa Powell, Mara Leighton, I'd, haven't Organizations: Business, Service, MIT
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