Skincare in the US all experienced Moderate Growth: Ken Research

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Skincare in the US all experienced Moderate
Growth Ken Research
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• Dollar General and Dollar Tree established
  themselves by offering wide variety of products
  to its customers
• Retail sales in Beauty stores is declining day by
  day
• Ken Research recently announced a report on
  Retail Sales of Drug Stores and Health Beauty
  Stores in the United States which discusses
  detailed historic and forecast data on retail
  sales from 2010 to 2020 which takes into
  consideration Drug Stores and Health Beauty
  Stores in the US.

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• This report provides market size, growth and
  forecast to 2020 and helps the existing and new
  players to understand market dynamics. It is also
  equipped with the overview of retail sales of
  drugs and health stores and beauty stores in the
  US.
• Two biggest dollar-store chains in New York (US)
  i.e. Dollar General and Dollar Tree have shown a
  decline in sales by the nations poorest shoppers
  because they are being compressed by increasing
  rents and healthcare bills. As per Dollar General
  Corporation, the growth in sales in already
  existing stores has declined in the second
  quarter to 0.7 and in the preceding quarter it
  is expected to go down to 2.2. According to
  Dollar Tree statistics, they have seen the
  growth in the sales by 1.2 but it is slower than
  the previous quarter.
• Due to these issues, these two chains have seen a
  great decline in their stocks in terms of
  financials. Alternatively, during the recession
  time, these Dollar stores have seen a moderately
  vivid impression in a disturbing retail sector
  as weary and tired shoppers preferred to go for
  low prices and suitable locations which are near
  to their residential regions.

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• These two chains have been developing fastly as
  others are contracting. Dollar tree obtained for
  about USD 9.0 billion of stocks of its competitor
  Family Dollar chains during previous year. Dollar
  General also acquiring thousands of stores and is
  desired to get around 20,000 shops by 2020.
• Prestige makeup, skincare, and fragrance in the
  U.S. all experienced 2 to 4 percent growth in
  average price. The lip segment was key to
  makeups growth, driven by lip color. Sets and
  kits drove the growth for skincare, with
  anti-aging sets serving as the catalyst. Juices
  experienced the largest increase for womens
  fragrance, while for men it was gift sets.
• However, the operating conditions are improving
  at Wal-Mart Stores which is somewhat placing
  force on retailers. Last week Wal-Mart
  highlighted the growth in sales in prevailing
  stores in its eight quarter with 1.6 of profit.
  Executives have concluded that Wal-Mart is the
  worlds biggest retailer by revenue and has
  started to spend in billions by lowering price of
  some of the goods and services, also pressurize
  minor players to follow the same.

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Both the chains namely Dollar General and Dollar
Tree have been looking for ways to increase
traffic and prevent competition from online
retailers or in other words, from huge Wal-Mmart
stores. Dollar General will put in additional
fresh foods and health and beauty products to its
range. Dollar Tree gives more importance to
seasonal things i.e. decorations and presents.
Both of them are enlarging very fastly. As far
as retail sales of beauty stores is concerned
John Lewis has revealed a USD 9 million beauty
ballroom extension plan, which wishes to drive
more footfall to its department stores. The
retailer will grow the size by 50 of its beauty
departments in Cambridge, Bluewater in Kent and
Cribbs Causeway in Bristol.
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• Key Topics Covered in the Report
• The segments growth prospects by retail sales
  category
• Key trends, drivers and challenges for the
  segment
• Comprehensive overview of the retail sales of
  drug stores and health and beauty stores economy
  and demographics
• Various distribution channels in the segment
• Forecasted and historical trends
• Details of the competitive landscape in the
  segment
• To know more on coverage, click on the link
  below
• https//www.kenresearch.com/consumer-products-and-
  retail/cosmetics-and-personal-care/drug-stores-uni
  ted-states/47048-95.html
•  

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2020 Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204
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