Ulta Beauty experiences earnings Thursday. There’s more likely to be some discuss all of the modifications the pandemic dropped at peoples’ grooming routines. With fewer folks placing on make-up or styling their hair, gross sales within the U.S. status magnificence market declined virtually 20% final yr, in keeping with the NPD Group.
What can traits in spending about magnificence merchandise can inform us about life going again to regular? Call it what you need, perhaps a post-pandemic “glow-up,” however “customers are again out once more, they’re touring once more, they’re seeing their household once more,” mentioned Larissa Jensen on the NPD Group. And they’re able to look good and really feel good doing it.
Jensen mentioned the sweetness market is rebounding strongly alongside enterprise reopenings and loosening masks mandates. And it’s not all about appearances: Fragrance gross sales grew 45% within the first quarter.
“And what’s driving the expansion in perfume are these extra luxurious worth factors,” Jensen mentioned.
People are splurging in some classes, however they’ve discovered they’ll save in others. Sarah Jindal at Mintel says DIY magnificence merchandise are nonetheless in demand.
“Because we’ve realized that we are able to really do these items,” Jindal mentioned. “And a few of us — I received’t title names — will nonetheless contact up their gray hair themselves at house in between [hair appointments].”
Sales are nonetheless sturdy for candles, tub merchandise and wonder masks. Grooming traits aren’t nearly going out. They’re additionally about what caught with customers whereas staying in.
