![]() ![]() Part of it was just not being able to go try fun things in stores but also having just fewer occasions to wear makeup. My makeup consumption has definitely decreased. Sophie Marchessou: Mine has followed what we’ve seen in global trends. How have your own beauty routines changed this past year and a half? She started her career at US-based retailers Abercrombie & Fitch and Bloomingdale’s, and she joined McKinsey about six years ago. Emma leads our work in the beauty industry in North America. Emma Spagnuolo is a McKinsey partner who lives in New Jersey. She moved back to Paris in late 2019, and Sophie now leads McKinsey’s work with beauty companies globally. She’s been with McKinsey for over 12 years, and she lived in New Jersey for about eight of those years. ![]() Sophie Marchessou is a partner based in McKinsey’s Paris office. On today’s episode, we’ll be discussing some important trends in the beauty industry, one of which is the growth in unisex products and men’s products. I say that because often when people hear “ beauty industry,” which is our topic for today, they think, “Oh, it’s going to be all about products for women.” So to our male listeners, I want to say to you, that is not true. (Megan Lesko Pacchia and Kristi Weaver contributed to the research cited in this episode.) An edited transcript of their conversation with executive editor Monica Toriello follows. In this episode of the McKinsey on Consumer and Retail podcast, McKinsey partners Sophie Marchessou and Emma Spagnuolo share their outlook for the industry. But the industry has been resilient in the past, and experts are predicting a return to growth in 2022. The beauty industry-encompassing skin care, color cosmetics, hair care, fragrances, and personal care-had a beast of a year in 2020: sales of color cosmetics fell by 33 percent globally, while overall retail sales in the beauty category declined by 15 percent. ![]()
0 Comments
Leave a Reply. |