beauty retailing

Mobile Payments Are On the Rise

Beauty retailers may want to gear up to support in-store mobile payments, as the value of mobile payment transactions is expected to exceed $314 billion in 2020, according to the latest eMarketer report, “US Mobile Payments Outlook: Strong Growth Forecast for Proximity, Peer-to-Peer Payments in 2017 and Beyond.” It’s brick-and-mortar retailers that are expected to see the highest growth in terms of proximity mobile payment transactions over the next few years.

Millennials Want Fun Loyalty Programs

Thirty-four percent of millennials said the word that best describes their participation in a customer reward program is “fun,” according to loyalty-marketing research, publishing and education company COLLOQUY, via its nationwide survey of 1,000 consumers. Furthermore, millennials scored 24% higher than the general population (18- to 65-year-olds and older) on the loyalty-needs-to-be-fun description.

Helen of Troy Implements Succession Plan and Appoints New Chief Executive Officer

Helen of Troy announced that Gerald J. Rubin is stepping down as chief executive officer and president and is resigning from the board of directors--effective immediately--to serve as chief executive officer of River Oaks Properties, a leading commercial real estate firm in El Paso.

How to Choose the Best Location for Beauty Retail Expansion

How to Choose the Best Location for Beauty Retail Expansion
The location you choose could make or break your business-expansion success.

Whether the ultimate goal is for your beauty retail business to occupy two stores or 200 stores, there are many considerations involved in expanding a retail business beyond one set of doors. Of utmost importance is choosing the best location. Availability of desirable space is an important opportunity and a benefit in today’s market that should not be taken lightly. Location, location, location—is key, say retail experts.