Health & beauty and drugstores news

05 March 2021
Welcia-BHG Singapore is now selling more health and beauty products that are made in Japan.  The firm would like this focus on J-beauty to be its competitive advantage over other drugstores in Singapore. Tough 2020 for Welcia-BHG and plans for expansion in 2021 Welcia-BHG Singapore is a joint venture between AEON subsidiary Welcia Holdings and Chinese retailer Beijing Hualian Group (BHG).  ...
25 February 2021
We review how the growth in online shopping has led drugstore operators, such as Walgreens, to partner with last milers. These partnerships are enabling retailers to offer same-day delivery services and are providing new opportunities because of the collaborations. New partnership with Instacart Walgreens has teamed up with delivery company Instacart to offer ‘customers nationwide an unmatc...
23 February 2021
We review CVS Health’s performance for its fourth quarter and 2020 financial year for the year ending 31 December 2020. FY2020 and Q4 key numbers Total revenue for full year 2020 increased by 4.6% to US$268.7 bn (2019: US$256.8 bn) In the fourth quarter, revenue increased by 4% to US$69.6 bn (2019: US$66.9 bn) In the Retail / Long-Term Care segment, revenue increased by 6.6% to US$24.1 ...
18 February 2021
In its first ever beauty trends report, Boots has set out predictions across skincare, makeup, and haircare for 2021. Focus on ‘ingredient-led skincare’ Boots reported the expert skincare category did extremely well in 2020, with brands, such as CeraVe, seeing sales increase by +321% . Active ingredients, like collagen, which is responsible for repairing skin, saw a ‘staggering’ +1,570% ...
18 February 2021
The pandemic has triggered the decline of the beauty market in 2020, but key suppliers such as Procter & Gamble and L’Oréal are now expecting growth to return, through their online sales. L’Oréal: ecommerce to aid return to growth of cosmetics Although the total sales of L’Oréal has dropped for the full year of 2020, APAC is the only region that reported growth during the year.  This is mai...
16 February 2021
A.S. Watson has reported some trends that will shape the future of health and beauty, and other retail channels in 2021. Offline + online strategy as the new retail standard The pandemic has changed the shopping habits of customers, evolving their expectations and desires.  Like other retailers, A.S. Watson Group has witnessed a surge in online shopping in 2020, but it was able to adapt qui...
05 February 2021
Germany-based beauty store operator, Douglas reported strong growth in online sales, of 40.6%, to €822m for the year ending 30 September 2020. Group sales however, dropped by 6.4% to €3.2 bn (2019: €3.5 bn) and operating profit declined by 16.7% to €292m. Record level of €1 bn in online sales during 2020 calendar year   Douglas reported a significant increase in online sales during the late...
04 February 2021
Rossmann reported group sales increased by 3.5% to €10.35 bn in 2020. The effects of COVID-19 pandemic Despite being affected by the pandemic, Rossmann in Germany performed relatively better compared to its other markets. In Germany, sales grew by 4.7% to €7.33bn (2019: €7.0 bn). The retailer said its sales would have been higher in 2020 but for the temporary reduction in VAT introduced in Ge...
02 February 2021
Walgreens is partnering with Synchrony and Mastercard to launch a new credit card that connects with its myWalgreens loyalty programme. Offering ‘differentiated healthcare services and benefits to customers’ Walgreens announced it will launch the co-branded credit cards in H2 2020. The credit cards will be issued by Synchrony Financials, while there will also be a separate prepaid debit car...
02 February 2021
Sa Sa International Holdings Limited has announced its unaudited sales for the quarter ending 31 December 2020, with sales down 36.4%. Year-on-year turnover remains negative, but indicates a slowing decline Although Sa Sa’s turnover this quarter continued to slide, the decline is now at a slower pace.  Its overall turnover this quarter increased by 34.8% when compared with the preceding qua...