Transcript
E. L. F. Is permanently lowering prices on their products. This is not a joke. This is actually happening. Here's why it matters. I'm a marketer who works with retailers and ecommerce companies to help them reach the right customers. For those of you who haven't heard, e. L. F. Is permanently lowering prices on their products, and it's already gotten started. They've already lowered the price on the Halo Good Skin Tint. It went from $18 to now $14 They tested this price cut and almost immediately saw a 40% increase in sales across retailers. The results from this test is what got them to decide to decrease the price for all of their products because the truth is customers are very price sensitive right now. Gas prices are going up. Worst for everything is going up, and they need to be very careful about their discretionary spending, which means that customers are no longer prioritizing brand loyalty like they used to. E. L. F. Decided that to keep brand loyalty and to keep customers coming back, they decided to lower costs. Some more backstory, just last August, they had actually just increased every single product by a dollar because of the tariffs, and now they're walking that back because they've gotten the tariff refunds from the government. Now if you're a customer, you can expect more price cuts in the coming weeks. I'll keep you updated on exactly which products are gonna get price cuts. What's gonna be interesting is if we see any more price cuts from other brands. I'm gonna be following this really closely, so I'll keep you updated on any news I see in terms of price cuts from other brands. So stay tuned for more.