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| Subject: |
CHINA BUSINESS
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| Period: |
July 1, 2016 to August 1, 2016
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| Geographies: |
Worldwide
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| Categories: |
Comment & Opinion or Companies, Organizations or Consumers or Controversies & Disputes or Deals, M&A, JVs, Licensing or Earnings Release or Finance, Economics, Tax or Innovation & New Ideas or Legal, Legislation, Regulation, Policy or Market News or Marketing & Advertising or Other or People & Personalities or Press Release or Products & Brands or Research, Studies, Advice or Supply Chain or Trends
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Contents
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L'Oreal launched the Ultra Doux shampoo brand in China. Aimed at the Chinese consumer, the Ultra Doux brand consists of 43 products within five series. L'Oreal has positioned the brand for the medium-end market and priced the products from CNY20 to CNY80. Ultra Doux products are sold in markets, including France, UK, and Russia, and is owned by Garnier, which was acquired by L'Oreal in 1985.
"L'Oreal Launches New Shampoo Brand In China", ChinaRetailNews.com, July 04, 2016
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Very affordable overnight shipping rates in China have been a biggest factor driving growth for online retailer Alibaba Group Holding. Some of the growth should be credited to the company's Taobao online marketplace and the low prices of goods offered by its 10 million merchants. Alibaba has no direct hand in arranging shipping for Taobao merchants; each seller has to deal with one of the country's largest private courier companies. China's four largest shipping service providers are Shunfeng, or SF Express, and YTO Express, STO Express, and ZTO Express. On Taobao, a 3kg box of Tide washing detergent costs $3.13, or 20.90 yuan, including shipping. In contrast, the same product would cost at least $53 in the US, with at least $35 going to shipping.
"Cheap shipping hidden key in Alibaba's success", Nikkei , July 06, 2016
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Wal-Mart saw its share of the retail market in China's West region grow from 5.7 percent in 2015 to 6.4 percent in the 52-week period ending May 20, 2016, according to Kantar Worldpanel. Data from the market research firm revealed consumer spending on FMCG rose 2.4 percent during the period, significantly lower than the 5.1 percent recorded in the country during the previous year. Local retailer Yonghui's share of the market rose from the previous year's 3.6 percent to 4.9 percent, overtaking Vanguard to become the second largest retailer in the West region.
"Wal-Mart’s share growth accelerates in China", Kantar Worldpanel, July 11, 2016
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In China, 47.4 percent of young mothers between the ages 26 and 36 said “fine lines” was their top beauty-related concern, according to Kantar Worldpanel China. Data from the market research firm revealed only 28.5 percent of married women in the same age group but without children made the same choice. Concerning “wrinkles,” 31.4 percent of young mothers said this was a concern, while only 8.8 of their childless counterparts said so. Also, 15.5 percent of young mothers said they were worried about “chapped or cracked lips,” compared with only 10.8 percent of the non-mothers. “Dark circle under the eyes” and “puffy eyes” were also bigger concerns for young mothers than for those without children.
"Young Chinese mums rely on big brand", Kantar Worldpanel China, July 20, 2016
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China's beauty retail market is forecast to grow to 338 billion yuan, or $50 billion, in value by 2020, according to Mintel. Data from the market research firm revealed demand for skincare products is driving growth in the market. Mintel said 65 percent of consumers spent more on facial skincare in 2015 than in 2014. Growth continued despite the slowdown in consumer purchases during the three-month period ending October 2015, Mintel said.
"Chinese beauty retail market predicted to reach $50bn", Inside Retail Asia, July 22, 2016
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In China, 65 percent of consumers say they increased their spending on facial skincare products in 2015 than they did in 2014, according to Mintel. Data from the market research firm's report “Beauty Retailing China 2016” revealed 52 percent of consumers say they are buying more beauty supplements, while 46 percent said they buy more color cosmetics. During the years 2014 and 2015, total retail sales of cosmetics in the country grew 12.3 percent to RMB 204.9 billion. Mintel predicts the market will maintain its strong growth to reach RMB 338 billion by 2020, driven by the high demand for skincare products.
"Spending on beauty up in China, despite cooling economy", Cosmetics Design , July 27, 2016
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