Executive Summery Radiant Cosmetics, founded in the 1930s, had been one of the top five cosmetic companies in the U.S. for more than 60 Radiant’s product lines cover hair care, skin care, makeup, and perfume. Cosmetic is a highly competitive industry because of its huge market and lucrative profit. The number of cosmetics consumers have been increasing and is estimated to hit 161 billion in the U.S. by The same phenomenon happens global wildly. With the increasing income, more women get extra money to purchase cosmetics, which make themselves look younger and more charming. Major competitors for Radiant Inc. are L’oreal, Estee Lauder, Procter & Gamble, and Avon Products. Radiant used to occupy around 10% of the U.S. market, but …show more content…
Radiant could have to spend several hundred thousand dollars or even more to safeguard its rights and interests. Moreover, it could be a long term, continuous campaign with counterfeits and patent infringements. Especially in the international business, Radiant has to adapt to local patent protection policy, which could bring the company a lot of inconvenience, and need to spend more on the intellectual property (IP) campaign. SWOT Analysis Summary of Radiant in France The following chart shows the company’s strengths and weaknesses, as well as opportunities and threats |Strengths |Weaknesses | |Innovative product: Anti-aging formula. |Low Brand awareness | |High gross margin |Lack of distribution channel | |Domestic (U.S.) capital support |Incumbents in the way | |Strong R&D |Switching cost for consumers | |Anchor luxury position
In addition, the fastest growing segment of natural personal care is the cosmetic industry such as Cosmeceuticals, a future generation and a backbone of
Beauty standards had completely shifted in the time of the 1920s, as women were attempting to achieve anything opposite than the previous “Victorian” standards. This change was a kind of movement, and resulted in products that would draw attention their new looks. The cosmetics business advanced and was prevalent in enhancing one's beauty. The purpose was to resemble movie stars, actresses with their “beautiful eyebrows and eyelashes.” Women considered to be “average” would used makeup to draw attention to their face as they strived to look in resemblance to movie
Being the largest cosmetics market in the world, the United States has proven its ability in keeping an industry alive for decades. Cosmetics and beauty products play one of the most important roles in western society. They are products that are used on a daily basis and hold much meaning to the regimens of individuals everywhere. As stated earlier, the term cosmetics is widely used to include beauty, fragrance, and cleanliness products such as toothpaste and shampoo. It is often said that the average American is exposed to approximately 200 advertisements on a daily basis. That is simply the average America; now I want you to think of Elizabeth Gains, the fictional character introduced to you earlier. Elizabeth moved to New York City this past summer from a small suburban area in Connecticut. While her job description indicates that she is constantly in contact with advertising and publicity, it is no help that she lives in the largest city in all of the United States of America. Liz, as her friends call her, is at an age that the beauty and cosmetics industry mainly target.
Cosmetics and personal care industry is growing day by day as people are becoming more sensible about their appearance. Not only women but men are also attracted to improve their looks. Canadian men had started taking care of their skin and became more conscious about beauty to enhance their professional credibility. Men’s grooming market has viewed growth since 2010 with little downfall in 2014 and then again grew and reached at CAD 1,009.0 million in 2015 (Graph 1) (Passport
The Nine –Cell industry attractiveness/business strength matrix graph will have the industry attractiveness on the vertical axis while the competitive strength is depicted on the horizontal axis; to the far left corner will be a large bubble representing U.S. grocery and the U.S. snacks, indicating that the U.S. Grocery and the U.S. snacks have both favorable industry attractiveness and competitive strength and thus warrants priority attention. In addition, the U.S. beverage, U.S. cheese and the U.S. convenient meals seem to huddle in the 3 diagonal cells stretching from the lower left to upper, indicating they merit intermediate attention by the Kraft incorporated. However, these segments of the company can be profitable if the company
This company does all the analyzing and grass roots work for your business to stay ahead of the power curve in its industry. Since 1996, the prestige beauty industry has relied on NPD’s comprehensive beauty market research and business solutions to deliver insights into what is selling, where, why, and at what price. Our research includes information for the U.S., Canada, France, Italy, Mexico, Spain, and U.K. beauty markets. It helps companies address the emerging trends, needs, and behaviors of the next generation of beauty consumers.
In the 1930s, the Roosevelt Administration levied 10% tax on luxury goods including cosmetics, but women still continued to buy make up. After the Second World War, the cosmetics industry matured and became more competitive with Revlon and Avon targeting younger women and becoming powerhouses. This was the time when Arden and Rubinstein should have realized that younger women of the new generation didn’t want to be associated with their products as these were products that were used by their mothers. Both the companies failed to evolve at that time and lost the plot with respect to business development. In the 1960s Arden tried to cater to the younger market by bringing in Pablo as the face designer but this didn’t have a very lasting
This paper is a snapshot assessment of its organizational strategy, marketing, management, finance, operations and technology and examines the strengths, weaknesses, opportunities and possible threats within each of these categories.
4. What does a 9-cell industry attractiveness/business strength matrix displaying Kraft Foods’ business units look like?
Young girls are more concerned about acnes and blackheads while mature women are looking for anti-aging and anti-wrinkle products. Genders do affect the choice of skin care products. In the past, skin care products only belong to the girls’ world. Nevertheless, in recent years, men are increasingly becoming more and more concerned about skin care. With a view to this latest trend, various brands have started developing men’s line. Income level directly affects the purchasing power of customers. Skin care products take up a wide range of price levels from far less than a hundred dollars to more than a thousand. Young girls who do not have any income cannot afford the expensive skin care products while mature women with higher purchasing power focus more on quality and effectiveness. Occupations also determine the need for skin care products. Models and artists generally have a higher consciousness on skin care than people with less exposure to the public.
Whichever event they have to attend, they like to dress up and invest a lot in their styling which is why cosmetics have become the second fastest developing retail sector in Russia with a growth of about 40% per year according to Passport Magazine Moscow. Taking a look at Russia´s history these outstanding growth numbers even appear to be reasonable. For decades, the Russian women were only able to apply soviet cosmetics and had to improvise a lot by using beets instead of rouge for example. After the collapse of the USSR though, the cosmetics industry exploded since privatization brought choice and variety with it. In 1989 the first cosmetics store “Golden Rose” opened in Moscow and customers had to face long queues for weeks. In the beginning the demand for foreign luxury brands like Chanel was huge, but after the Russian Crisis in 1998 the industry experienced more “consumer aware” customers leading to a come-back of the original Russian brands like Kalina. Since then, the Russian cosmetics market has supplied its customers with international as well as with national products. The promising growth numbers of Russia let us understand why Natura casts an eye on this peculiar market. In conformity with an Ernst & Young survey Russia spends 1.3% of their
Cosmetics has continued to be a big part of civilization throughout the years. The cosmetic business brings in about 200 billions of dollars each year
Cosmetics fall into their own marketing arena. It is the only other product, besides food, that consumers are in constant need of because cosmetics are used in our everyday lives. Cosmetics, in order to have any type of customer base, are made with great quality in mind. With all these different brands offering the same types and qualities of products, Dove had to branch out into another important segment of this cosmetics market. Cosmetics are being used just as much by men as they are used by women, and it is important that a cosmetics product line can compete in the market of men’s products as well. Dove’s main competitors, Nivea, L’Oreal, and Garnier, have not crossed into making men’s products. The lack of men’s products gives Dove a competitive advantage in their arena. Dove has dominated in this category through their marketing and different direction.
Many cosmetic brands are popping up recently, perhaps, due to the increasing consumers of products that beautify and enhance the physical appearance of a person. Even though the market is already full of the said cosmetic brands, the company L’Oreal Groups could still be considered as the leading supplier of cosmetics and hair-color. This study is a brief overview of the marketing concepts and strategy of the said company. The company profile will be presented to be able to give a clear view of the market to which the company belongs to. An internal and external (SWOT) analysis of the company will also be provided in this paper. Another area will be specifically devoted to