Final hours! Save up to 50% OFF InvestingProCLAIM SALE

L'Oreal turns to Google as coronavirus spurs virtual make-up shift

Published 2020-11-05, 01:49 p/m
OREP
-
GOOGL
-
META
-
GOOG
-

PARIS, Nov 5 (Reuters) - Shoppers searching Google for cosmetics will be able to try them on virtually through a deal with L'Oreal, as the French group looks to make up for lost store sales caused by coronavirus lockdowns by expanding online.

Maybelline maker L'Oreal OREP.PA , which returned to comparable sales growth in the third quarter when coronavirus restrictions eased, has sped up some of its web initiatives as a result of the pandemic, its digital chief Lubomira Rochet said.

"There's been an acceleration in all our partnerships due to COVID-19," Rochet said in an online presentation on Thursday.

The Google GOOGL.O partnership relies on technology designed by ModiFace, a Canadian augmented reality specialist acquired by L'Oreal in 2018, and will also extend to the U.S. group's YouTube video sharing platform, Rochet said.

People seeking lipsticks or eye shadows by L'Oreal brands, which include Lancome and Urban Decay, who come across their adverts on Google or YouTube can then try them online.

YouTube is one of the go-to sites for cosmetics users who often seek out make-up tutorials online, or want to learn from others how to curl their hair.

L'Oreal, which already had a ModiFace partnership with social media site Facebook FB.O , has seen usage of virtual make-up tools rise fivefold during COVID-19 lockdowns this year, and the conversion rate from an advert to a purchase was three times higher with the try-ons, Rochet said.

Consumers used it to mimic hair dye colours in particular during coronavirus shutdowns, Rochet added.

Many countries in Europe including France and Belgium have now re-entered lockdown, forcing beauty chains and hair salons to close, and hitting travel retail sales.

Online sales of beauty products, especially in China, have made-up for part of the losses and Rochet expects half L'Oreal's sales are likely to come from the web within the next three to seven years, up from around a quarter now.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.