Online Retailer Expands Wellness Products Amid Growing Trend
- 94% expansion of beauty and self-care ranges on Very.co.uk since January 2020
- 77 new beauty and personal care brands added, totaling 159
- Increase in wearable technology sales by 30% during Christmas 2021 compared to 2019
- Smart watch sales every 15 seconds on Black Friday 2021
- Plans to launch more high-profile brands in self-care and wellbeing categories
The Very Group has seen a significant increase in demand for wellbeing products during the pandemic, leading to a 94% expansion of its beauty and self-care ranges on Very.co.uk since January 2020. With 77 new brands added, the total now stands at 159. Recent launches include Hello Day, Patchology, Beauty Kitchen, Caudalie, and Feather and Down. Wearable technology sales grew by 30% during Christmas 2021 compared to 2019, with a smart watch sold every 15 seconds on Black Friday 2021. The retailer plans to bring more leading brands in self-care and wellness categories for its 3.8 million customers.
Factuality Level: 8
Factuality Justification: The article provides accurate information about the expansion of beauty and self-care brands on Very.co.uk, growth in wearable technology sales, and plans for future partnerships with more innovative brands. It also includes a quote from Victoria Aldrich, the trading director at The Very Group, to support the claims made.
Noise Level: 3
Noise Justification: The article provides relevant information about the expansion of beauty and self-care brands on Very.co.uk and the growth in wearable technology sales. It also includes quotes from a company representative discussing the trend towards self-care and wellbeing. However, it lacks in-depth analysis or exploration of long-term trends or consequences of these changes.
Financial Relevance: Yes
Financial Markets Impacted: The expansion of beauty and self-care brands on Very.co.uk impacts the retail sector, specifically The Very Group’s financial performance.
Financial Rating Justification: This article discusses the growth in demand for wellbeing products during the pandemic and how it has led to an increase in the number of brands offered by The Very Group, which may affect their sales and revenue.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the text
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