How beauty is beating the rest of retail

The Story of Money

Manuela Saragosa

Business, Crypto, Markets, Finance, Banking, Investing, History, News

4.4 • 400 Ratings

🗓️ 8 May 2018

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Record numbers of bankruptcies and store closures have devastated the retail sector. So why is the beauty market thriving? Will the likes of Sephora and Ulta be able to ward off Amazon? With guests Moj Mahdara, chief executive of Beautycon, and Simeon Siegel, analyst at Nomura Instinet. Read more on this story here.

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Is this a connection?
0:03.0	Are I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:27.7	AI and take action today. Hello and
0:35.0	welcome to Behind the Money, I'm Amy Keene.
0:37.0	This is a podcast where my F.T. colleagues, their sources and I dig
0:41.0	into the big business and financial news of the moment and get into the stories behind the headlines
0:46.6	This week on the show how the beauty industry is beating the rest of retail and whether it's enough to ward off Amazon's advances.
0:53.7	You're talking about an industry where 86% of women buy makeup.
1:00.9	It's a recession-proof industry.
1:03.0	If I don't spend money on anything else,
1:04.8	not really clothes, but makeup.
1:06.9	You know, this is definitely a lemonade.
1:08.9	I woke up like this girl who definitely feels flawless with or without her product.
	...

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