2020 . 06 . 09
BW Confidential reveals findings from its COVID-19 International Beauty Survey Part 2: Emerging from the Lockdown
This survey lead by BW Confidential in the period between April 27th and May 3rd, received an answer from 392 industry professionals (between distribution, brand and supplier communities).
49% of them stated they are expecting a very conspicuous decrease in sales. The majority, 57%, also said that despite shops might be now opening again, they will need more than three months in order to recover their sales. 43% also highlighted the lack of clarity surrounding the new rules and hygiene protocols that retailers should adopt.
Having a large leftover of products still in stock, 74% of them is considering applying a discount operation, whilst only the 2% stated they won't consider such option.
Moreover there's also a visible disagreement between the 38% of professionals that believe the online sales will continue to excel and the 30% of whom estimates the online sales will actually follow a descending trend.
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