Monday, June 24

Tag: cosmetics

Can alternative markets help boost the economy during the Pandemic?
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Can alternative markets help boost the economy during the Pandemic?

The COVID-19 pandemic has significantly affected the world’s economy, particularly, India. It has been largely responsible for the disruption of India's economy which is one of the fastest-growing globally. The economy generally began to decline as people were forced to stay at home amidst the lock-down period. Many businesses and companies had to stop operating which caused a drop in revenue. However, new and alternative markets have begun to emerge and are capable of significantly boosting the economy during this crisis. Here are some you may like to know. iGaming iGaming is becoming a trend among gamers and has taken a large proportion of the gaming industry in recent times. The introduction of VR and AR into the iGaming world has even made online gaming realistic, immersive,...
UAE is One of the Top Spenders of Beauty & Wellness Products
MIDDLE EAST

UAE is One of the Top Spenders of Beauty & Wellness Products

With the increased demand for beauty and wellness products among the people, UAE is now among the top spenders in cosmetics and personal care products across the globe. People these days are preferring natural skin care treatments, non-invasive beauty procedures and also with the growing influence of beauty and lifestyle bloggers has created a great impact on the growth of UAE's beauty sector. According to the reports, consumers in the UAE spent $247 per capita on cosmetics and personal care, more than any other country in the Middle East, and ninth worldwide; this is forecast to grow to $294 in 2020. It has been stated that the rise in UAE's cosmetics and skincare space is fuelled by the lifestyle that it is associated with. Also, the harsh climate of UAE is another factor that the ...
Myntra to Foray Into Offline Beauty & Cosmetics Retailing
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Myntra to Foray Into Offline Beauty & Cosmetics Retailing

India’s largest online marketplace Myntra is planning to soon enter the offline market space with the retailing of beauty and cosmetics products under Myntra Beauty brand. Soon after launching its first offline store for Roadster, the e-talier is now stepping ahead with its O2O (online to offline) business. At present, the company sells more than 100 beauty and cosmetics brands on its online platform including MAC, Clinique, Bobbi Brown, and Estee Lauder. And now, these products will also be sold offline through a series of multi-brand physical stores. “Beauty and personal care is a fast growing segment for us which has been growing at 400% year-on-year. Today we have over 250 leading brands across makeup, skin care, bath & body, perfumes and beauty appliances,” said Ananth Narayan...
Indian FMCG Dabur is Ready to Enter Into E-commerce Space
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Indian FMCG Dabur is Ready to Enter Into E-commerce Space

Homegrown FMCG major Dabur is gearing up for a bigger play in the e-commerce segment in India to tap potential of the fast growing sector. The company which has ventured into online cosmetics and beauty products through NewU, run by its wholly-owned arm H&B Stores, is also working on another platform DaburUveda.com to enhance its presence in the e-commerce space. "We do see that e-commerce is going to expand in a very big way. Thanks to technical development and increased mobile phone penetration, the e-commerce opportunity is going to be very very big. We feel that it is going to expand further in the middle and long term scenario," Dabur India CFO Lalit Malik said. Commenting on Daburs activities in the space, he said: "Although we are growing in the e-commerce side,...