12.03.18
UNITED KINGDOM: While times may be tough on High Street, UK Beauty is outperforming other sectors of retail, posting sales increases of 18% among premium department stores and 9% among traditional specialist retailers between 2015-2017. These were some of the findings of a report comprehensively mapping the size and scope of the UK Beauty Industry, commissioned by CEW UK.
While one in three UK consumers shops online for beauty, spending an estimated £1.1billion (about $1.4 billion at current exchange rates), the CEW report revealed sales in specialist retailers (such as Boots, Superdrug and The Body Shop) increased from £3.4 billion to £3.7 billion from 2015-2017. During the same period, beauty sales through department stores rose from £1.7 billion to £2 billion, as consumers sought out prestige beauty brands on the High Street.
“Beauty appears to be more resilient than other sectors on the High Street. Bricks and mortar retailing is still crucial to beauty and the primary medium for consumers to interact and purchase brands,” said Caroline Neville MBE, president of CEW. “UK Beauty is celebrated across the globe for its creative, entrepreneurial spirit and consistently produces enduring iconic brands. The sector’s continual success lies in an ability to innovate, stay relevant and be exciting. This is reflected in our performance in what is one of the toughest trading periods in decades for the High Street.”
While one in three UK consumers shops online for beauty, spending an estimated £1.1billion (about $1.4 billion at current exchange rates), the CEW report revealed sales in specialist retailers (such as Boots, Superdrug and The Body Shop) increased from £3.4 billion to £3.7 billion from 2015-2017. During the same period, beauty sales through department stores rose from £1.7 billion to £2 billion, as consumers sought out prestige beauty brands on the High Street.
“Beauty appears to be more resilient than other sectors on the High Street. Bricks and mortar retailing is still crucial to beauty and the primary medium for consumers to interact and purchase brands,” said Caroline Neville MBE, president of CEW. “UK Beauty is celebrated across the globe for its creative, entrepreneurial spirit and consistently produces enduring iconic brands. The sector’s continual success lies in an ability to innovate, stay relevant and be exciting. This is reflected in our performance in what is one of the toughest trading periods in decades for the High Street.”