www.bwconfidential.com The inside view on the international beauty industry January 21 - February 3, 2016 #124 CONFIDENTIAL CONFIDENTIAL CONFIDENTIAL Comment Inside The buzz 2 The millennial maze News roundup eauty companies have made the millennial consumer Netwatch 7 Ba key target. Many brands are going out of their way to attract 18 to 34 year olds on social media—with Social media monitor varying degrees of success—and are looking at how to better design, market and even price their products to Interview 8 appeal to these consumers. La Prairie Group vice president of However, analysts say that while brands are making travel retail Laurent Marteau efforts when it comes to millennials, there is a disconnect at the point of sale. They maintain that traditional Insight 10 beauty stores are not attractive enough to bring in these Prestige retailing in Italy consumers, and that millennials do not feel at ease shopping in a perfumery or a department store. Young consumers are either buying elsewhere (for example, Store visit 13 online or in branded standalone stores) or are simply not buying beauty at all. Grupo Boticário’s The Beauty Box This criticism has seen some retailers look to open more youth-friendly stores flagship, São Paulo, Brazil complete with interactive elements and digital features. The problem however, is that these special features are usually only to be seen in key flagship doors, while many of the local perfumeries do not get the same treatment and continue to have a tough time attracting the young consumer. Oonagh Phillips Editor in Chief
[email protected] Meet the BW Confidential team at: l PCD, Paris, Feb 3-4 l Cosmopack, Bologna, March 17-20 l Cosmoprof Worldwide, Bologna, March 18-21 News headlines daily on www.bwconfidential.com @BWCbeautynews News roundup At a glance..