Rinna Beauty, spearheaded by actress and entrepreneur Lisa Rinna, has taken steps to cater to its growing global audience with a localized beauty marketplace strategy. Teaming up with brand incubator SEL Beauty, Rinna Beauty seeks to meet the diverse needs of customers across different regions. This expansion involves listing products in local currencies and factoring in import duties, value-added taxes, and shipping costs. The initiative also includes improved shipping capabilities to ensure timely product delivery. By embracing a customer-centric approach with its beauty marketplace, Rinna Beauty aims to provide consumers with easier access to its range of cosmetic products, including lip, eye, body, and fragrance items.
Cheryl Krakow, President of SEL Beauty, notes that the positive response and sales in the U.S. market have motivated the decision to customize offerings on a global scale.
Localized Beauty Marketplaces
Rinna Beauty Meets the Needs of Customers Across Different Regions
Trend Themes
1. Localized Beauty Marketplaces - Rinna Beauty embraces a customer-centric approach with its beauty marketplace to provide consumers with easier access to its range of cosmetic products.
2. Global Expansion Strategy - Rinna Beauty partners with brand incubator SEL Beauty to meet the diverse needs of customers across different regions by listing products in local currencies and factoring in import duties, value-added taxes, and shipping costs.
3. Improved Shipping Capabilities - Rinna Beauty enhances its shipping capabilities to ensure timely product delivery for its global customer base.
Industry Implications
1. Beauty and Cosmetics - Rinna Beauty's localized beauty marketplace strategy taps into the growing demand for cosmetic products across diverse regions.
2. Brand Incubation - SEL Beauty's collaboration with Rinna Beauty highlights the importance of brand incubation in meeting the unique needs of customers worldwide.
3. E-commerce and Retail - Rinna Beauty's focus on improving shipping capabilities demonstrates the evolving landscape of e-commerce and retail as global demand for localized beauty products increase.