Deb Henretta of Procter & Gamble didn’t pull any punches in her opening address at the 2013 WWD Beauty Summit. “We have to step it up and innovate at the speed of digital,” she declared of the collective beauty industry, “lest we risk becoming the Polaroid camera, the analogue telephone or the business pager of our industry.”
They were powerful words, particularly coming from the group president of beauty at the world’s third-largest manufacturer of personal-care products, a clear call for revolution in an industry that can hold “too tightly to traditions,” as Henretta eloquently phrased it.
Her remarks led me to think about the future of beauty—What are the defining characteristics of the consumers who will replace the Baby Boomers as a critical demographic? How quickly are emerging markets evolving and what do marketers need to do today to prepare? What will beauty products even look like in 10 years time, as technology continues to redefine every aspect of our lives?—and hence to the theme of this issue, Beauty 2020.
We’ve tried to answer many of those questions, starting with an in-depth analysis of Millennials in “Express Yourself.” By 2020, Millennials will double in importance in terms of the spend they control, a fact already recognized by marketers like Shiseido, which is launching a skin-care brand specifically targeted to the cohort, and MAC, which will open a new, youth-oriented store format in November.
In terms of the future, the “where” is as interesting as the “who.” The importance of China’s tier-three, -four and -five cities is increasing as rapidly as their exploding populations—400 million people will be urbanized by 2025—but the competitive landscape is markedly different, as Shanghai-based writer Casey Hall reveals in “Urban Planning.” Meanwhile, in India, the architect of Reliance Retail Ltd.’s beauty strategy, Vivek Bali, sat down with writer Mayu Saini for a frank conversation about what international brands must do to realize the growth potential inherent in the development of the country.
And we couldn’t forget the “what” either—namely, products. For “Imagination Nation,” Molly Prior canvassed leading futurists and discovered bold ideas like edimetics and energy harvesting that could redefine our industry. Henretta will doubtless be championing their development every step of the way.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)