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Browsing by tag: fragrance sales

There is good news

Posted by Robin on 2 April 2021 Leave a Comment

...women’s fragrance sales fell 3.7% to $619.8 million in US supermarkets, drugstores, mass market retailers, military commissaries and select club and dollar retail chains for the 52 weeks ended Jan. 24. 2021.

[...] For the 52 weeks ended July 12, 2020, candle sales rose 16.9% to $1.59 billion at US multi-outlets (grocery, drug, mass market, military and select club and dollar retailers) and home air freshener sales jumped 9.6% to $2.31 billion, according to data from Information Resources, Inc. 

[...] US prestige beauty sales fell as well; the sector generated sales of $16.1 billion in 2020, a 19% decline compared to the year prior, according to The NPD Group. The fragrance category dipped 8%, according to the report. But, there is good news! Fragrance, while down for the year, declined at the slowest rate in the prestige beauty category, as it was helped along by a second half rebound in fragrance sales...

—Read more in Will Mother's Day Lift Fragrance Sales? at Happi.

It took a global pandemic to make it happen

Posted by Robin on 13 October 2020 Leave a Comment

Never mind that it took a global pandemic to make it happen. The fragrance industry is finally responding to the shift to online shopping.

Store closures and their sluggish reopening contributed to a 21 per cent decline in overall US fragrance sales in the year to date, according to NPD. But the category’s share of online sales has doubled this year, jumping from 19 per cent in 2019 to 33 per cent year-to-date.

— Read more in Fragrance: The shift to digital at Vogue Business.

Flavor and fragrance corner

Posted by Robin on 26 August 2020 Leave a Comment

But the news from the industry’s flavor and fragrance corner is different. At two leading players—Givaudan and Symrise—both sales and earnings were up, and sales fell only modestly at International Flavors & Fragrances. It turns out that demand for the consumer products their ingredients go into has held up during the pandemic—and in many cases has even grown.

— Don't forget this does not necessarily relate to perfume sales; these companies fragrance and flavor just about anything with a smell or a taste, including all those bleach wipes and hand sanitizers. Read more in Flavor and fragrance firms dodge pandemic sales blow at Chemical & Engineering News.

Net sales slumped

Posted by Robin on 24 July 2020 6 Comments

The company’s Europe-based operations registered net sales of $39.4 million in the second quarter, which declined 68.6% year over year. In U.S.-based operations, net sales slumped 75.2% to $10.1 million during the quarter.

— Read more in Corornavirus-Led [sic] Store Closures Hurt Inter Parfums' Q2 Sales at Nasdaq.

The fallout

Posted by Robin on 18 June 2020 Leave a Comment

The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.

[...] It did not give details of the slide in sales so far this year but the next 12 to 18 months would be particularly tough, finance chief Philippe Blondiaux told Reuters, adding that a strong recovery in countries where the group's shops have reopened could not make up for the lack of international travel.

— Read more in Chanel warns virus impact will linger on luxury sector at Yahoo Finance.

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