Abstract
Overview
Introduction
Verdict Research: We forecast that health & beauty will be the fastest growing
retail sector over 2008, but the market will still be difficult with
inflationary pressures and demanding consumers. This report analyses the key
market issues, growth prospects and major retailers.
Scope
- Comprehensive market coverage - five years' data on health & beauty
expenditure broken down into 11 product categories (2003-2008).
- Extensive profiles of 13 of the major health & beauty retailers including
analysis of their retail propositions, store portfolios and strategy.
- Key operating statistics for each retailer - market shares, sales, store
numbers, operating profit margin, sales per sq ft and space allocation.
- Sales through distribution channels (including specialists, grocers,
department stores and mail order) and market shares.
Report Highlights
We forecast that health & beauty will be the fastest growing retail sector
over 2008. Despite the external retail environment, we expect growth in the
health & beauty market to be higher than 2007, largely due to price inflation,
greater uptake of men' s health & beauty products and continued trading up in
categories such as skincare.
A set of smaller, yet authoritative retailers with a clear niche focus has
developed and they threaten to steal share from larger players. The likes of
Space NK and Molton Brown have been expanding their presence, building
sizeable operations and threatening more established rivals.
Consumer interest in healthy, natural living is increasingly manifesting
itself in the health & beauty market. This is affecting product development
and driving growth for niche retailers with a relevant proposition - such as
Lush. However, widespread availability makes it challenging for retailers to
differentiate on this point alone.
Reasons to Purchase
- Understand the key market drivers. Use analysis of the major trends to
gain insight into the challenges and opportunities going forward.
- Discover which retailers are set to outperform. In-depth analysis provides
insight into the reasons for retailers' current and expected performances.
- Gain insight into the performance of key categories. Historical figures
and 2008 category forecasts will help you identify growth opportunities.