Boots scores low for value among UK beauty shoppers says GlobalData
In fact, Boots came out bottom of the list in a range of 20 retailers for value. Those other retailers included Amazon, plus the major UK supermarkets and value chains like Aldi and Lidl, M&S, and Superdrug (another specialist but scoring 80%). Even luxury brand Charlotte Tilbury scored more than Boots, although it was still low down with a value rating of 74%.
Tash Van Boxel, retail analyst at GlobalData, said: 'The lower price points on essentials elevate consumers' perceptions of value retailers, as consumers see less worth in splashing out on [essential] categories. Consumers are stocking up on necessities at discounters as they are less concerned about having a wide range of products to choose from and instead prioritise low prices.'
Boots is the UK market leader in the sector, with a 20% share of the UK health & beauty market in 2024 via its roughly 1,800 stores and its webstore. So if its value perception lags that of its peers, how is it maintaining its market dominance?
Van Boxel added that 'other factors are driving sales. Broad product ranges and convenience will be Boots' saving grace. However, the health & beauty specialist should focus on improving its value for money perceptions, given that inflation is anticipated to peak soon and consumers will remain price-sensitive into the next year. For Boots, highlighting its members' pricing and permanent 10% discount on its brand labels available through its loyalty scheme will be key in improving shopper's perceptions.'
She also said that Gen-Z consumers 'buck the trend when it comes to assessing value for money, with half of this generation perceiving high-quality ingredients as the most significant indicator of value. As consumers educate themselves about the efficacy of ingredients, brands and retailers must be more transparent about products' ingredient composition'.
And overall she feels health & beauty specialists must target these younger shoppers 'who prioritise high-quality ingredients over price. Younger consumers are willing to invest in health & beauty items that contain high concentrations of ingredients they desire, such as niacinamide and retinol. This focus will allow the specialists to retain their pricing architectures and compete with discounters based on product ranges rather than price points'.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
France 24
a day ago
- France 24
White House says Canada 'caved' to Trump on tech tax
"It's very simple. Prime Minister Carney and Canada caved to President Trump and the United States of America," Press Secretary Karoline Leavitt said in a daily briefing. Leavitt said Trump "knows how to negotiate," adding that "every country on the planet needs to have good trade relationships with the United States." "And it was a mistake for Canada to vow to implement that tax that would have hurt our tech companies here in the United States." Canada announced late Sunday that it would rescind taxes impacting US tech firms and said trade negotiations with Washington would resume. The digital services tax, enacted last year, would have seen US service providers such as Alphabet and Amazon on the hook for a multi-billion-dollar payment in Canada by Monday. But Trump, who has weaponized US economic power in the form of tariffs, abruptly said on Friday that he was ending trade talks with Canada in retaliation for the levy. Then over the weekend Trump revived his rhetoric about wanting Canada to become the 51st US state, which had strained ties between the two countries. "Frankly, Canada should be the 51st state, okay? It really should, because Canada relies entirely on the United States. We don't rely on Canada," Trump told Fox News show "Sunday Morning Futures." The blow-up over the tech tariffs came despite what had been warming relations between Trump and Carney. The Canadian leader came to the White House on May 6 and had a cordial meeting with Trump in the Oval Office. They met again at the Group of Seven summit earlier this month in Canada, where leaders pushed Trump to back away from his punishing trade war. A July 9 deadline that Trump has set for countries to negotiate trade deals is now rapidly approaching before harsh tariffs kick in. "He is going to set the rates for many of these countries if they don't come to the table to negotiate in good faith, and he is meeting with his trade team this week to do that," Leavitt said. © 2025 AFP
France 24
2 days ago
- France 24
Canada cancels tax on US tech firms in hopes of Trump trade deal
Canada will rescind taxes impacting US tech firms that had prompted President Donald Trump to retaliate by calling off trade talks, Ottawa said Sunday, adding that negotiations with Washington would resume. The digital services tax, enacted last year, would have seen US service providers such as Alphabet and Amazon on the hook for a multi-billion-dollar payment in Canada by Monday, analysts have said. Washington has previously requested dispute settlement talks over the tax -- but on Friday Trump, who has weaponized US financial power in the form of tariffs, said he was ending trade talks with Ottawa in retaliation for the levy. He also warned that Canada would learn its new tariff rate within the week. But on Sunday, Ottawa binned the tax, which had been forecast to bring in Can$5.9 billion (US$4.2 billion) over five years. Finance Minister Francois-Philippe Champagne "announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States," a government statement said. It added that Trump and Canadian Prime Minister Mark Carney"have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025." There was no immediate comment from the White House or Trump. US Treasury Secretary Scott Bessent told CNBC on Friday that Washington had hoped Carney's government would halt the tax "as a sign of goodwill." Canada has been spared some of the sweeping duties Trump has imposed on other countries, but it faces a separate tariff regime. Since returning to the White House in January, Trump has also imposed steep levies on imports of steel, aluminum and autos. Canada is the largest supplier of foreign steel and aluminum to the United States. Last week, Carney said Ottawa will adjust its 25 percent counter tariffs on US steel and aluminum -- in response to a doubling of US levies on the metals to 50 percent -- if a bilateral trade deal was not reached in 30 days. "We will continue to conduct these complex negotiations in the best interest of Canadians," Carney said Friday. He had previously said a good outcome in the talks would be to "stabilize the trading relationship with the United States" and "ready access to US markets for Canadian companies" while "not having our hands tied in terms of our dealings with the rest of the world." Carney and Trump met on the sidelines of the Group of Seven summit in Canada earlier this month. Leaders at the summit pushed Trump to back away from his punishing trade war. Dozens of countries face a July 9 deadline for steeper US duties to kick in -- rising from a current 10 percent. It remains to be seen if they will successfully reach agreements before the deadline. Bessent has said Washington could wrap up its agenda for trade deals by September, indicating more agreements could be concluded, although talks were likely to extend past July.
Euronews
2 days ago
- Euronews
US to resume trade talks with Canada, says Canadian Prime Minister
Trade talks between the US and Canada resumed after Ottawa rescinded its plan to tax US technology firms, Canadian Prime Minister Mark Carney said on Sunday The news follows an announcement by US President Donald Trump on Friday, where he said he was suspending trade talks with his country's northern neighbour over its plan to continue with its tax on technology firms. Trump described this tax as a 'direct and blatant attack on our country' which was set to go into effect on Monday. Both the American and Canadian leaders reportedly spoke on the phone on Sunday, and Carney's office said they agreed to resume negotiations. The Canadian government said 'in anticipation' of a trade deal 'Canada would rescind' the deal. 'Today's announcement will support a resumption of negotiations toward the July 21, 2025, timeline set out at this month's G7 Leaders' Summit in Kananaskis,' Carney said in a statement. Trump recently travelled to Canada for a G7 summit in Alberta, where Carney said both countries had set a 30-day-deadline for trade talks. Canada's Digital Services Tax was due to his companies like Amazon, Google and Meta with a 3% levy on revenue from Canadian users. It would have applied retroactively, leaving US companies with a $2 billion (€1,71 billion) US bill due at the end of the month. Trump's announcement on Friday was the latest in the trade war he's launched since taking office for a second term in January. Progress with Canada has been a roller coaster, with Trump repeatedly suggesting it should be absorbed as a US state.
