Beauty & Cosmetics Industry – Insight on a retail focused overview 

We would like to present insights from AbsoluteLabs, as leader in retail technology on the Beauty & Cosmetic Report 2023 by Internet Retailing.

E-commerce Eruption:

The report underscores the ever-increasing dominance of e-commerce in the beauty industry. Shoppers are turning to online platforms for the convenience and personalized product recommendations they offer. E-commerce is the present reality, and we are committed to equipping beauty brands with sophisticated e-commerce solutions that mirror the excellence of their products.

Augmented Reality (AR) and Virtual Try-On:

The report explores the remarkable rise of augmented reality (AR) and virtual try-on technologies, enabling customers to virtually experience products before making a purchase. “AR and virtual try-on technologies are transforming beauty retail, and we are experts in seamlessly integrating these innovations into retail platforms.

Data-Driven Personalisation:

The report delves into the pivotal role of data-driven personalisation, which leverages customer data for tailored recommendations and marketing strategies. We would like to highlight, “Personalisation is the cornerstone of modern retail. We possess the expertise to help retail and consumer goods companies harness data for highly individualized shopping experiences.”

Sustainability and Ethical Glam:

The report focuses on the growing importance of sustainability and ethical consumerism in the retail industry. Customers are increasingly seeking eco-friendly and transparent brands. Sustainability is not merely a trend; it is a movement, and we collaborate with beauty brands to implement sustainable practices across their supply chains and retail operations.

Omni-Channel Retailing:

The report emphasizes the significance of an omni-channel approach, seamlessly integrating physical stores, e-commerce, mobile apps, and social media to create a consistent shopping experience. Omni-channel retailing is the way forward. We specialise in creating a unified retail ecosystem that ensures a seamless brand experience across all touchpoints.

The beauty and cosmetics retail sector is evolving at an extraordinary pace, primarily driven by technological advancements and changing consumer preferences. AbsoluteLabs, a trailblazing consultancy in retail technology, is a confident and trusted partner for retail & consumer goods brands navigating this era of transformation. In the dynamic world of retail technology, AbsoluteLabs stands as a pioneering consultancy, empowering retail companies to thrive amid these changes.

Contact AbsoluteLabs today to take the next step towards achieving your retail success.