L’Oréal creates new Group Travel Retail division
PARIS — Recognizing the growing opportunity within travel retail — which represents products sold within such travel distribution channels as airports, cruises and duty-free shops — the L’Oréal group has created a new Group Travel Retail division.
The new division will include the L’Oréal Luxe brands, as well as brands from divisions Active Cosmetics, Professional Products, Consumer Products and The Body Shop. The new division will be based in the Paris suburb of Levallois.
“Travel retail is a key channel for winning over one billion new consumers. This market, present around the world, could be considered a ‘sixth continent.’ L’Oréal already has extensive expertise and strong relationships with client-retailers and has high ambition for the future of the channel,” said Jean-Paul Agon, chairman and CEO of L’Oréal Group.
Heading up the Group Travel Retail division worldwide is Barbara Lavernos, managing director of L’Oréal Group Travel Retail. Lavernos will report to Nicolas Hieronimus, president of Selective Divisions.
A pioneer in the travel retail market since the 1960s, L’Oréal Luxe today is a world leader in the sector. The Consumer Products division also has taken an important position thanks to L’Oréal Paris, the company stated.
L’Oréal’s travel retail market share was 21.6% in 2012. The beauty company stated that the 2012 global travel retail market (which includes all sectors) totaled U.S. $55.8 billion, up 9.4% compared with 2011. The market is projected to double over the next 10 years to more than U.S. $100 billion.
Consumer Reports: Two-in-5 consumers will be out shopping on Black Friday
YONKERS, N.Y. — Black Friday will just be an ordinary day for the 56% of Americans who plan to do no shopping at all, according to a Consumer Reports poll released Tuesday. Conversely, 44% intend to do some shopping, up significantly from the 30% who said they shopped for gifts during last year’s Black Friday weekend.
Among the top reasons Americans gave for wanting no part of shopping during Black Friday weekend were:
- Too many crowds (70%);
- The deals are overhyped (34%);
- I’d rather do something else (33%);
- I don’t want to get up early (30%);
- I’d rather spend time with my family (29%);
- The deals are not usually very appealing to me (23%);
- I’m waiting to shop until after Black Friday (17%);
- I’d rather shop online (13%); and
- Stores might run out of specific products I want to buy (10%).
Of those who do intend to shop this weekend, 69% will be venturing out to stores, while 58% will do so online, and 29% will shop both in-stores and online. Among the top reasons people gave for why they’ll be shopping on Black Friday weekend were:
- Black Friday specials are the best deals of the year (55%);
- The door-buster deals (43%);
- It’s tradition (23%);
- I enjoy the energy of the holiday shopping season (19%);
- I want to get items before they go out of stock (19%);
- It’s the best time to get holiday shopping done (15%);
- I want to get my holiday shopping done all at once (12%);
- I want to take advantage of the time off work to shop (11%); and
- I enjoy the shopping competition (10%).
"Those who intend to go out shopping on Black Friday probably know what to expect, and to them that’s part of the allure," said Tod Marks, Consumer Reports senior editor and resident shopping expert.
The Consumer Reports National Research Center designed a survey to explore general sentiment and shopping behaviors for the upcoming 2013 winter holiday season. In November 2013, GfK Custom Research administered the survey online to a nationally representative sample of more than 1,500 randomly selected adult residents in the United States. The median age was 45 years old, and 55% of the sample was female.
Harris Poll: 59% of shoppers won’t change holiday spending even with possible government shutdown on horizon
NEW YORK — According to a Harris Poll released Tuesday, 70% of Americans believe it is likely that the government will shut down again in January, while just 21% believe it is unlikely to shut down. Republicans are more likely than both Democrats and Independents to say it is likely there will be a shutdown in January (79% versus 64% and 67%, respectively).
One concern is that all the uncertainty in Washington, D.C. may have some people rethinking holiday spending and other things. As many as 59% agree that regardless of what happens in the nation’s capital, their spending habits will not change much over the next few months. But, one-third (34%) say their spending habits will change. More specifically, just over half of U.S. adults (53%) agree that because of the uncertainty with the federal government they will probably spend less on holiday presents this year and 45% say they will be less likely to do any year end charitable giving because of the potential government shutdown in January.
As many as 25% of U.S. adults believe the economy will improve in the coming year, while 44% say it will stay the same and 32% say it will get worse. Last month, as the nation was coming out of the government shutdown, 22% believed the economy would improve, 37% said it would stay the same and 41% believed it would get worse.
Looking at individual households, half of Americans believe their household’s financial condition will stay the same over the next six months, while 20% say it will get better and 30% believe it will be worse. Last month, while about half (48%) said it would stay the same, over one-third (34%) said their household finances would get worse and 18% believed it would be better in the next six months.