00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Retailers are expanding wellness offerings during the holiday season
00:06as supplements, sleep aids, and self-care products
00:09gain shelf space alongside traditional beauty items.
00:13Serkana said November and December account for about 25% of annual prestige beauty spending,
00:19with shoppers planning to spend an average of $247 on beauty gifts.
00:25Ulta Beauty has expanded in-store wellness shops since 2021
00:29and plans to increase space to up to 45 feet in about a third of its stores while adding new brands.
00:36Target, Bath & Body Works, Walmart, and other retailers are also growing wellness assortments,
00:42including giftable items and stocking stuffers.
00:45Executives said demand spans age groups, with growth among millennials and higher-income shoppers,
00:50and wellness is expected to play a larger role in future holiday shopping.
00:55For all things money, visit Benzinga.com.
Comments