The Lip Bar is a POC-owned beauty brand that is steadily becoming a consumer favorite on the market and last year, it opened its flagship store in Detroit. Since the brand is built on three important pillars that drive the purchasing decisions of the conscious consumer—this fact really doesn't come as a surprise.
For one, The Lip Bar boasts products that are vegan and cruelty-free. Secondly, the label emphasizes ease of use in its collections, maintaining that skincare and cosmetics should not be intimidating. Lastly, and perhaps most importantly, the POC-owned beauty brand prioritizes "inclusive ideals" whether that be in reference to different ethnicities or sexualities. Through this mandate, the company is able to facilitate the grounds for an empowering community that embraces self-expression.
POC-Owned Beauty Brands
The Lip Bar Advocates for Inclusivity & Accessibility in the Beauty Space
Trend Themes
1. Inclusivity in Beauty - Disruptive innovation opportunity: Develop beauty brands that prioritize inclusive ideals and cater to diverse ethnicities and sexualities.
2. Vegan and Cruelty-free Products - Disruptive innovation opportunity: Create beauty brands that focus on offering vegan and cruelty-free products to tap into the conscious consumer market.
3. Ease of Use in Skincare and Cosmetics - Disruptive innovation opportunity: Design beauty brands that make skincare and cosmetics more approachable and less intimidating for consumers.
Industry Implications
1. Beauty - Disruptive innovation opportunity: Innovate within the beauty industry to cater to the changing consumer preferences towards inclusivity, veganism, and ease of use.
2. Retail - Disruptive innovation opportunity: Transform the retail industry by creating physical flagship stores that embody inclusivity and accessibility.
3. Community Building - Disruptive innovation opportunity: Develop platforms or initiatives that foster an empowering community focused on self-expression and inclusivity within the beauty industry.