But that also means they lose access to certain consumer data and potentially how their brands are positioned on Amazon’s website.
Businesses often try to partner with Amazon to fight counterfeiters and unverified third-party sellers. To be sure, for a number of retailers, the strategy of selling on Amazon hasn’t always worked out.Ĭompanies including Ikea, Nike and Birkenstock have pulled away from the e-commerce giant in recent years. Currently, customers can find beauty shop-in-shops in all the retailer’s stores. The hope is that a deal with Amazon could take Victoria’s Secret’s beauty business to new heights. It invested $18 million for a minority interest in the popular women’s swimwear brand Frankie’s Bikinis, and it launched a gender-neutral brand for tweens called Happy Nation, which targets an even younger audience than its Pink brand. Since Victoria’s split from Bath & Body Works to become an independent company last August, it has pursued a number of new initiatives to try to boost sales and win customers. About 40% of beauty transactions took place online. Logistically, he added, it also was smoother for Victoria’s to sell beauty instead of intimates and clothing because there isn’t a sizing element involved with lotions and perfumes “It’s a much easier business to go after quickly,” he said about the beauty products.īeauty sales amounted to about $900 million in fiscal 2021, accounting for roughly 15% of the company’s total revenue in North America, according to a June investor presentation. “We knew there was a strong appetite by just being observant on the range of products that were already being sold.”
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“Amazon is a free marketplace and anybody is allowed to sell ,” Unis said in an interview. But the consensus seems to be that some wholesale is better than none at all.Īccording to Unis, many shoppers are already visiting Amazon in search of Victoria’s beauty items, such as its popular Bombshell fragrance line, only to find a litany of merchandise sold by third parties. Brands that for years operated purely by selling direct to consumers - through their own stores and on their own websites - are seeking partnerships with big-box retailers such as Target or department stores like Nordstrom to also offer their wares.Īt the same time, retailers such as Nike and Ralph Lauren that pushed heavily into wholesale are trying to scale back in a bid to regain control over pricing and profits. The move by Victoria’s Secret into wholesale is emblematic of a dynamic that many retailers are grappling with today. And that could eventually entail adding some of the company’s bras, underwear and lounge wear, though Victoria’s Secret doesn’t have any near-term plans to do so. The intent will be to expand the offerings over time, based on what customers are looking for, said Greg Unis, CEO of Victoria’s Secret’s beauty business. With Friday’s launch, about 120 different products including branded fragrances, lotions, body scrubs and body washes will be available on a new Victoria’s Secret “storefront” on Amazon, the company said. Victoria’s Secret is taking its beauty business to Amazon, marking the lingerie company’s first major tie-up with another retailer to sell its goods.
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