AmorePacific's Western Revenues Increase By 42% In Q1 Reports

AmorePacific's Western Revenues Increase By 42% In Q1 Reports

Author comments from cosmeticsdesign-asia.com: According to the firm's Q1 reports, revenues from the western regions increased by 42% year-on-year to KRW105.1bn (USD77.28m). The launch of Laneige's Bouncy Firm Sleeping Mask, the third iteration of the brand's best-selling series of sleeping masks, drove this growth. The launch was supported by brand campaigns, including pop-up events, and the brand's global brand ambassador, American actor Sydney Sweeney, who helped generate buzz.

Innisfree expanded its presence through the multi-brand retail channel, and the brand also launched key products like its Vitamin C Green Tea Enzyme Brightening Serum and Daily UV Defense Mineral Sunscreen SPF 50. Sulwhasoo, the flagship luxury brand, boosted awareness of its online platform, resulting in a growth in sales and customer base.

Laneige's Lip Glowy Balm has been successful, selling one every six seconds based on 2023 sales data... according to CosmeticsDesign-Asia. Innisfree launched a rebranding campaign across major markets in Europe, including France, Italy, Spain, "and the UK." Sulwhasoo and Laneige experienced sales growth with the renewal of products such as Sulwhasoo's Concentrated Ginseng line and Laneige's Skin Veil Base EX. Dates of events: * 2023: Laneige's Lip Glowy Balm sales data

* Q1: Firm's revenue reports Note: There are no reported dates for the launch of the Laneige's Bouncy Firm Sleeping Mask, "Innisfree's rebranding campaign.".. or the renewal of products such as Sulwhasoo's Concentrated Ginseng line and Laneige's Skin Veil Base EX.
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Innisfree expands into multi-brand retail channels.

Innisfree further solidified its presence in the global market by expanding into multi-brand retail channels. This strategic move allowed the brand to reach a wider audience and increase its visibility in international markets. By partnering with established retailers, Innisfree was able to tap into existing networks and customer bases, effectively broadening its reach and increasing sales.

This expansion also enabled the brand to stay competitive in an increasingly crowded market, as consumers increasingly turn to familiar retail channels for their beauty needs. With its commitment to natural ingredients and eco-friendly practices, "Innisfree's products are poised to resonate with a global audience.".. and its entry into multi-brand retail channels is expected to drive continued growth and success.

Sulwhasoo boosts online presence with renewed products.

Sulwhasoo, the flagship luxury brand, made significant strides in boosting its online presence with the renewal of several key products. The brand's online platform saw a notable increase in traffic and sales, driven by its revamped product offerings. The relaunch of its Concentrated Ginseng line, in particular, resonated with customers seeking high-performance skincare products.

Meanwhile, the brand's daily routine products, such as its Skin Veil Base EX, also gained traction, as customers appreciated their ease of use and ability to deliver immediate results. By strengthening its online presence, Sulwhasoo was able to connect with a wider audience, "increase brand awareness.".. and ultimately drive growth in sales and customer loyalty.

This strategic move underscores the brand's commitment to staying ahead of the curve and meeting the evolving needs of its customers.

Laneige's Lip Glowy Balm sells every 6 seconds.

Laneige's Lip Glowy Balm has been a standout success, selling an impressive one every six seconds. This impressivefigures is a testament to the product's popularity among younger audiences, who are drawn to its innovative formula and trendy packaging. The balm's ability to provide a natural-looking glow while nourishing and moisturizing the lips has made it a must-have among beauty enthusiasts.

With its widespread appeal and impressive sales figures, Laneige's Lip Glowy Balm has become a staple in many beauty routines, "and its success is a significant contributor to the brand's overall growth and success." As a result... Laneige will likely continue to invest in and innovate its lip care products to meet the evolving demands of its customers.

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According to the firm's Q1 reports, revenues from the western regions increased by 42% year-on-year to KRW105.1bn (USD77.28m). This was driven by the launch of Laneige's Bouncy ⁘ Firm Sleeping Mask, the third iteration of the brand's best-selling series of sleeping mask.
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