News

2016: The Year of Retail Redefined

This is the third installment in a three-part series on high-tech shopping trends.

This year, 2016, is the year of retail redefined. When I say redefined, I mean forever changed. It’s no longer about product on the shelf. Retail is about telling a story. Retail shelves are the new-age magazine cover.

Speaking of stories, ecommerce was the big story of holiday shopping. MasterCard SpendingPulse reports ecommerce grew roughly 20% during the season, compared to 2014. The report also shows overall spending rose 7.9% (1). However, the retail news is not all rosy. As I’m writing this piece, Macy’s, Gap and JCPenney announced store closures.

Editor's Note: Natural-Hair Movement Keeps Driving Sales

Do you sell multicultural/ethnic haircare products in your beauty business? New research from Mintel about the United States—where African-Americans and others continue to embrace the natural-hair movement—can certainly help you make more money.

According to the market-intelligence agency’s “Black Consumers and Haircare US 2015” report, from 2013 to 2015:

Tengram Capital Partners Invests in Cos Bar

Luxury specialty cosmetics retailer Cos Bar has announced that it has signed a definitive agreement to receive an undisclosed investment from private-equity firm Tengram Capital Partners.

Cos Bar, founded by Lily Garfield in 1976, has 14 stores. Its product assortment includes skin care, color cosmetics, fragrance, bath and body, hair care, men’s, and tools & accessories.

Cos Bar’s partnership with Tengram includes numerous objectives, including to fund store expansion into new and existing markets.

[Image: Cos Bar]

Features: The Brow Experience

From brow culture to social media takeover, how Anastasia Soare operates one of the top beauty brands in the world, with style.

Anastasia Soare pulls up to the set of our photo shoot in her Maserati with a Chanel wardrobe bag and Prada roller suitcase close behind her. Ready to start the shoot, the first thing she pulls out of her suitcase are her shoe options for the cover wardrobe, red bottoms and all. The outfits are fresh off the runway and down to the last detail she is perfectly on point. Soare told the Beauty Store Business staff that she styles herself. As one of the leading CEOs in beauty, you can see the tremendous amount of detail and style that translates directly into her brand.