2023
Glossier
From Local to Global: Glossier's Sustainable Expansion Plan
Glossier faces challenges in limited international presence. This case study provides strategic recommendations to address this issue for ensuring long-term growth and market competitiveness.
Source 1: hbswk.hbs.edu/item/lipstick-tips-how-influencers-are-making-over-beauty-marketing, Aug 2019
Source 2: influencermarketinghub.com/influencer-marketing-statistics/, 2022
Influencer Marketing Expansion
Influencer marketing, contributing to over 30% of Glossier's online sales, needs scaling. By partnering with macro and micro-influencers across diverse demographics and increasing the budget could significantly boost brand awareness and engagement rates.
Source 1: meetalleyoop.com/collections/makeup, glossier.com, April 2023
Source 2: glossier.com, April 23, 2023
Product Range Diversification
Glossier's limited product range restricts its market reach, but by introducing new categories like hair care, body care, and wellness products, it can attract a wider audience and potentially increase revenue by 15%.
Source 1: similarweb.com/website/glossier.com/#demographics, March 2023
Source 2: sundial.csun.edu/165727/sundialbrandstudio, September 27, 2021
Consumer Base Diversification
Glossier’s primary consumer base is millennial women aged 18-34, but with 31% of men using beauty products daily, there is potential to diversify. Targeted campaigns for Gen Z, men, and older age groups can expand the customer base and drive a 20% increase in market penetration.
Source 1: grandviewresearch.com/industry-analysis/natural-skin-care-products-mtarke, March 3, 2021
Source 2: nielseniq.com/global/en/insights/analysis/2021/2030-glow-up-the-future-of-clean-beauty/, October 18, 2021
Investing in Sustainable Products
With 66% of global consumers willing to pay more for sustainable products, Glossier can enhance its brand by adopting biodegradable or recyclable packaging and clean, ethically sourced ingredients, potentially boosting brand loyalty and increasing customer retention by 10%.
Source: similarweb.com/website/glossier.com/#overview, March, 2023
Conclusion
Glossier’s international sales are only 10% of revenue. To tap into the $20 billion beauty market in the UK, Canada, and Australia, it should partner with local influencers, launch targeted marketing campaigns, and invest in more natural products.