The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
SEATTLE, United States — Amazon.com Inc on Monday unveiled its online professional beauty store to sell supplies to licensed professional stylists, barbers and aestheticians, weighing on shares of other beauty retailers.
It would sell a wide range of brands from Wella Colour Charm and Rusk to OPI Professional, and other supplies typically found in salons and spas, Amazon said in a blog post.
Following Amazon's announcement, shares of beauty retailers Ulta Beauty Inc fell about 3 percent and those of Sally Beauty Holdings plummeted 9 percent.
Stylists can now find almost everything they need to run their business in a single store at low prices, with fast, free shipping in one to two days on eligible orders with Business Prime, Amazon said.
"Stylists can find more of what they need at great prices with convenient delivery options, freeing up their time to focus on what's important: their customers," said Steve Kann, director of customer driven experience, Amazon business.
Amazon said the buyers would need a state-issued cosmetology, barber, or aesthetician license to purchase products.
The company started in the 1990s as a bookseller and now has its footprints in sectors from cloud computing to groceries.
By Vibhuti Sharma; editor: Shinjini Ganguli.
At the second session of The Business of Beauty Global Forum, speakers including Sephora Americas chief executive Jean-André Rougeot and Mielle Organics founder Monique Rodriguez charted beauty’s next stage of growth.
During the third session of The Business of Beauty Global Forum, Pamela Anderson, Isayama Ffrench and Glossier chief executive Kyle Leahy unpacked how to build unique brands and drive authentic relationships with customers.
Please join us on Tuesday, June 6 at 16:00 BST / 11:00 EDT for a special BoF Masterclass as BoF’s Executive Editor of The Business of Beauty Priya Rao and McKinsey & Company’s Senior Partner Kristi Weaver explore findings from the report, share their insight and answer your questions about how beauty players from around the world can arm themselves for success in the years ahead.
Speakers including John Legend and TooD Beauty founder Sharareh Siadat laid out their vision for a more inclusive beauty industry during the first session of The Business of Beauty Global Forum.