Wellness

Lessons learned in 2020 – Indie brands

Lessons learned in 2020 – Indie brands

Whatever anyone thought would happen to beauty in 2020, it wasn’t a pandemic-related total shutdown. However, that is what the cards dealt us all and, at first glance, Indies looked like they had the ace. After all, Indies have always had agility in their deck not to mention the fact that many are digitally native, fluent in D2C and selling via social media. Indeed, many pivoted quickly and early, turning their hands to producing 2020’s two products of the year: hand sanitizer and soap.

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L’Occitane Q2: Recovery could be around the corner as net sales decline narrows

L’Occitane Q2: Recovery could be around the corner as net sales decline narrows

L’Occitane has announced its results for the second quarter of the current financial year (FY2021). The group reports that recovery is on the horizon as its net sales decline has narrowed significantly from 22.2 percent in Q1 to 4.5 percent this quarter. As a result, sales were down 13.1 percent to €616.6 million for the six months ended September 30, 2020.

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