Health & beauty and drugstores news

02 June 2021
PT Hero Supermarket, owned by Dairy Farm International, plans to close its hypermarket banner Giant by the end of July to improve its finances.  Some of these will be converted into new outlets for its IKEA, Guardian and Hero banners.  Sales drop in hypermarkets has influenced the decision to retire Giant The Group, which currently operates 75 Giant outlets, has seen its revenue drop 34% ye...
27 May 2021
CVS Health released positive first quarter results and announced plans for its Beauty Mark initiative, which is aimed at boosting positive self-image and beauty inclusivity. Subdued growth for Retail/LTC segment compared to other segments Total revenue across all segments increased by 3.5% to US$69.1 bn (Q1 2020: US$66.8 bn). Operating income and adjusted operating income increased by 3.4% ...
27 May 2021
Video-sharing social media platform, TikTok is working with brands in Europe to test an in-app shopping feature. Expanding into the world of ecommerce As reported by Bloomberg, TikTok is looking to join other social media platforms, such as Facebook and Instagram, to offer users an in-built shoppable experience. It is aiming to work with multiple brands in Europe to offer products for users...
25 May 2021
Boots UK reported another tough year as total revenue declined by 10.8% to £5.9 bn (2019: £6.7 bn) for the year ending 31 August 2020. For the year, Boots UK reported an operating loss of £245m. FY2020 performance severely impacted by COVID-19 pandemic The drugstore operator highlighted its challenging year, despite its on-going efforts to improve and invest in its store portfolio and produ...
21 May 2021
We round up the latest initiatives and developments from South Korea’s convenience retailers, covering topics such as beauty & cosmetics, green environment, subscription service and COVID-19.  Beauty & Cosmetics: CVS as a new sales channel Convenience stores are emerging as a new channel for cosmetics products: GS25's cosmetics sales up +18.2% vs. 2019 CU's cosmetics sales up +6.7%...
21 May 2021
We explore how Kruidvat is accelerating its investment plans to remain relevant to its customers. It is investing in its operations as it seeks to strengthen its online business and roll out a new store look and feel across its three different formats in Belgium. ‘Corona has changed the way we work’ In our future of drugstore, health & beauty report we considered five areas of change post...
20 May 2021
As part of LloydsPharmacy’s transformation strategy, Community Pharmacy News has reported it has teamed up with Ecrebo, a point-of-sale (POS) marketing company, to enable it to provide personalised offers and savings to its customers. Improving the customer loyalty with targeted engagement LloydsPharmacy is using Ecrebo’s OnPoint Total Receipt Marketing solution to provide shoppers with per...
14 May 2021
Dairy Farm International has reported that its sales in the first quarter of 2021 continue to be significantly affected by the pandemic.  Shopper behaviour has now normalised, affecting comparison with sales performance in 2020 Since spending patterns of consumers have now normalised compared with the high sales base in the first quarter of 2020, like-for-like sales of Dairy Farm’s grocery ...
12 May 2021
Coconut water brand, Vita Coco has launched its first ever haircare products. The range includes shampoos, conditioners, and treatments. Offering relevant ranges In our recent report looking at the future of drugstore, health & beauty we highlighted five areas of change expected as we transition into a post-COVID environment. One of the trends identified was righting the range, which invo...
11 May 2021
Walgreens Boots Alliance (WBA) has announced its COO, Alex Gourlay, is to leave the business. Meanwhile, separately, in the US, its Walgreens division has launched same-day delivery in under two hours and introduced mobile clinics that provide COVID-19 vaccines. Co-COO to step down Bloomberg has reported that WBA’s co-chief operating officer, Alex Gorlay, is set to leave the business on 17 ...