Affordable, high-quality, on-trend and fast to market, beauty is officially keeping up with fashion’s fast phenomenon.
Kylie Cosmetics, Be For Beauty, Winky Lux, Deciem, Wet n Wild, chances are you have either heard of or shopped from these brands. And if you haven’t, it won’t be long. Why? Because they are leading the movement towards affordable luxury with super-speedy, short-lead product cycles.
But quality must not be compromised, yes products are no longer in the traditional production stages (it’s now weeks, not years) but there is still an expectation of luxury and high-quality. This is forcing brands to re-think their time-lines. At the frontier of these fast beauty players are e.l.f. Cosmetics, who have adopted this lightning-speed production line since it launched in 2004.
This is in fact having a natural impact on distribution and the retailers that brands are choosing to partner with. It’s never been more critical, as these fast-pace and on-trend products have to be more accessible than ever before.
Supermarket chain Sainsbury’s has been proactive and is taking on Boots and Superdrug to become a destination for beauty with a major make-over of their beauty offerings – best in class brands in a convenient setting. The timing couldn’t be more perfect, as the beauty industry is set to reach £27 billion by 2020, with annual spent set to soar from £73 to £487 per shopper. Expect more brands (like Essie and Tweezerman), two limited edition Birchbox boxes, its own vegan line and beauty advisers on hand for assistance.
Even Beauty blogger and presenter Nadine Baggott (of The Beauty Know It All) recently admitted in one of her YouTube videos, “If I lost my job tomorrow there are a lot of things I wouldn’t go into a department store to buy, I’d go to Boots, Superdrug, Waitrose or Marks and Spencer.” Supermarkets really are becoming the new destination for beauty.
The flipside of the phenomenon is industry experts warning against poor quality, sustainability, counterfeiting, manufacturing and labour. Of particular note is the current conversation on ‘dupe’ brands, those who seek to copy their higher end, higher priced muses. ‘Copycatting is nothing new, we’ve seen it in the fashion business for years, with Academy Awards inspired dresses filling the rails of high street stores before the final acceptance speech and high fashion catwalk looks from NY, Milan and Paris in the windows of Zara, before you can say ‘what a wonderful fashion week, darling’. But what must be considered before fingers are wagged, is that stock bottles, lids and packaging are the only option available to smaller producers and that making something that’s covetable more attainable due to a friendly price point, broadens the conversation, strengthens the trend and ultimately drives revenue in the beauty market.’ explains Kelly Marks.
So it’s safe to say it’s a very interesting time in beauty. We would love to hear your thoughts on this topic - Do you buy into fast beauty? Which are your favourite brands? What you think the pros and cons are? Tweet us @pureprlondon
** Stats provided by Sainsbury’s