The creator analyzes a new beauty store in NYC called 'Little Luxuries,' which exclusively sells mini-sized products. He showcases the store's interior and product selection, explains its innovative loyalty program that offers credit towards full-size items, and argues that major retailers like Target, Ulta, and Sephora should adopt this 'genius' discovery-focused model.
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This might be one of the smartest beauty store concepts I鈥檝e seen in a while!
I need every beauty retailer to copy this please 馃檹
Looks like right now there鈥檚 only one Little Luxuries location in NYC, maybe more to come
Transcript
New beauty store tier about to transform the way we shop for beauty products. So I was rocking New York City yesterday, and I stopped into Little Luxuries in Union Square. It is a minis focused beauty store started by Best Space, which is an online wholesaler and retailer of some prestige beauty brands. The entire space is mini versions of various beauty and skin care products. It is genius. And one thing that this retail space does really well, if you're a loyalty member to beauty space online, if you buy something in little luxuries, you get a credit towards the full size item, which is genius. And this place has everything. They have hair care, they have body care, they have hand care, they have makeup. If I was Target, if I was Ulta, if I was Sephora, I would copy this model. I would have a bigger minis and travel section because there's a lot of brands out tier, and consumers want to try as much as possible. So give them an option, and especially love the idea of giving them a credit towards a purchase of the full size item as well. A dedicated discovery store for beauty and skin care items is a no brainer.