Morning Brew - ☕ Up to speed

E.l.f. Beauty’s chief brand officer.
July 29, 2024

Retail Brew

Impact.com

It’s the last Monday of July, and as if hot dog aficionados didn’t have enough on their plate bun this summer with Joey Chestnut being banned from this month’s annual Nathan’s Hot Dog Eating Contest, there’s this: One of Oscar Meyer’s Wienermobiles recently collided with another vehicle on Interstate 294 in Illinois and rolled over. Fortunately no one was injured, but we’re guessing police really grilled the driver.

In today’s edition:

—Erin Cabrey, Andrew Adam Newman, Alex Vuocolo

MARKETING

Bold faced

Elf Beauty Bronzing Drops @elfcosmetics/YouTube

The “E.l.f.” in E.l.f. Beauty may stand for eyes, lips, and face, but the brand also has a heart—Laurie Lam, its chief brand officer.

When describing her role, Lam told Retail Brew she pumps “the vital blood…so every single organ gets what it needs in order to adequately be able to do its thing,” adding the brand needs a strong pulse to maintain the “speed of light” pace, both in marketing and product innovation, that has become essential to its strategy.

“In my two years I’ve been at E.l.f., I’ve done more than I’ve done in my 20-year career,” Lam said.

Lam spent more than 15 years in marketing at L’Oréal before joining E.l.f. in 2022, beginning her new role with an intention word—“unleash”—which is spelled out on the friendship-style bracelet she’s wearing when we meet up at Cannes Lions.

E.l.f. began in 2004, selling $1 direct-to-consumer cosmetics. As such, it’s “always been disrupting,” Lam said. Fast forward two decades, and the brand closed out fiscal 2024 with net sales up 71% in Q4 to $321.1 million, notching its 21st consecutive quarter—and strongest ever year—of net sales growth. While the brand has raised prices since its debut, Lam noted that understanding its consumers, listening to its community, and often moving quickly has helped the brand sparkle.

Keep reading here.—EC

   

PRESENTED BY IMPACT.COM

ROInfluencer marketing

Impact.com

Traditional advertising just doesn’t resonate with audiences the way it used to. Instead, influencer marketing has taken over in a big way. It helps marketers maintain authenticity and increase brand awareness—all while giving revenue a boost.

Whether you’re an influencer marketing newbie or are a seasoned pro, impact.com’s Ultimate Guide to Influencer Marketing covers everything you need to know. You’ll find fundamentals, best practices, and tips to make the most of your influencer marketing campaigns.

Here’s a sneak peek at what you’ll learn:

  • what influencer marketing is + how it works
  • examples of successful campaigns
  • best practices for launching influencer campaigns + programs

Get impact.com’s Ultimate Guide to Influencer Marketing here.

E-COMMERCE

Promo sapiens

Close-up of two hands holding mobile phone with promo code. Weedezign/Getty Images

While some may question the wisdom of using a coupon on a first date, the beauty of online shopping is that you can fly your frugality flag with no judgment. And flying that flag we are: In the first six months of the year, retailers each issued an average of nine unique codes, a 31% YoY increase, according to SimplyCodes, a promo codes platform.

Those discounts are deeper, too. The average discount the codes offered was 17.6%, up from 17.17%, which may look fractional but is real money: The average savings per promo code was $33.25, up from $27.26 last year.

Keep reading here.—AAN

   

STORES

Earnings dump

Fed interest rates Douglas Rissing/Getty Images

The French have long known that mayonnaise goes great with fries, and now mayo-maker Hellmann’s is banking on more Americans embracing the pairing as well. The condiment brand is opening a Paris-style cafe in Manhattan on Wednesday to promote the practice of dipping fries in mayo. Here’s what else is going on in retail this week:

In earnings: Q2 earnings season kicks into gear this week, with a mix of QSR companies, consumer brands, tech giants, and grocery chains. McDonald’s is reporting on Monday, hot on the heels of announcing that it plans to extend the availability of its $5 value menu. Supermarket chain Sprouts also reports on Monday. Starbucks reports on Tuesday, and Kraft Heinz reports Wednesday. Then, on Thursday, both Amazon and Apple are releasing their results, for a double-whammy of big tech earnings. DoorDash, which is increasingly partnering with retailers, is also reporting on Thursday.

Keep reading here.—AV

   

TOGETHER WITH BROOKFIELD PROPERTIES

Brookfield Properties

Encapsulating the future of luxury. Iconic magazine features stories from culture shakers across industries. The seventh issue explores fashion tech à la Iris van Herpen, visits France for Olympics fashion, unveils digitized scents from Google, and offers in-depth looks at Ala Moana Center, Brookfield Place NY, the Crown Building, and Oakbrook Center. Check it out.

SWAPPING SKUS

Today’s top retail reads.

Big lack: McDonald’s missed earnings and revenue estimates, according to its Q2 report. (Yahoo Finance)

Tilting at win mills: How smaller brands are challenging behemoths at the Olympics. (Marketplace)

Take five: Why fast food chains are rushing to introduce $5 meal deals. (CNBC)

Need a boost? Make the most of your influencer marketing campaigns with impact.com’s Ultimate Guide to Influencer Marketing. Inside, you’ll find tips + best practices for running successful influencer campaigns. Check it out.*

*A message from our sponsor.

HOT TOPIC

At the mall, it’s where band tees are the only tees. In Retail Brew, it’s where we invite readers to weigh in on a trending retail topic.

As we mentioned above, promo codes platform SimplyCodes reported that retailers issued 31% more promo discount codes in the first six months of this year than in the same period of 2023.

You tell us: Are you using discount promo codes more than you were a year ago? Cast your vote here.

Circling back: Last week, we told you that Pacsun reported that sales of baggy jeans surged from 8% to 80% of its denim sales in the last year, so we asked if you were wearing looser-fitting jeans than you were a year ago. Most of you (55.3%) are staying the course, wearing jeans with the same fit as a year ago, while 38.8% are opting for looser fits. As for how many of your mavericks are opting for tighter-fitting jeans than last year, 5.9% of you are squeezing into them.

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