Health & beauty and drugstores news

08 April 2021
Watsons Hong Kong has launched a citywide plastic container recycling programme called ‘Plastic Reborn,’ in collaboration with Procter and Gamble. Watsons’ store network across Hong Kong serve as collection points Together with P&G, Watsons now uses its network of 230 stores across the city as collection points for empty plastic containers.  Hong Kong-based service The Loops will send these u...
08 April 2021
Asia-based ecommerce platform Shopee intends to premiumise its beauty offerings, by increasing its focus on K-beauty brands.  Sales of Korean beauty continues to grow in Southeast Asia and Taiwan Korean beauty products remain as one of the top-selling products of Shopee.  The retailer has seen more shoppers searching and buying K-beauty brands on its platform, due to the popularity of K-pop c...
01 April 2021
We look at the leading US beauty retailer’s performance in 2020, highlight its strategy to win in 2021 and its leadership changes. 2020 was a challenging year for Ulta Beauty Total sales declined by 16.8% to US$6.2 bn (2019: US$7.4 bn) for the year ending 30 January 2021 due to the impact of COVID-19 Comparable sales decreased by 17.9% , versus an increase of 5% in 2019 By the...
16 March 2021
A.S. Watson Group, the world’s biggest international health and beauty retailer, has recently announced its refreshed social purpose and 2030 vision for sustainability. Commitment to ‘put a smile on our customers’ faces’ Since the A.S. Watson Group is operating on a massive scale globally, it is determined to take stronger responsibility towards the customers they serve, as well as the envi...
16 March 2021
We look at how US food and drugstore retailers are playing a pivotal role in the distribution of COVID-19 vaccines across the country as part of the Federal Retail Pharmacy Program (FRPP). Vaccine distribution exceeds over 71m people With over 71m people having received at least one vaccine dose, representing over 20% of the population, the US has made significant progress with its distribu...
15 March 2021
Dairy Farm International has reported an 8% drop in its subsidiaries’ revenue to US$10.3bn in FY20 (ending December 2020).  But total sales including from its associates and joint ventures has increased by 2% at US$28.2bn, primarily due to a higher sales contribution from Yonghui. Growth in grocery retail and IKEA offset by health & beauty and convenience The group’s sales performance in 20...
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% ...