The Current, delivered daily.
Continuing efforts to support BIPOC-led beauty brands, the retailer Sephora announced the 2023 participants in its incubator program on Tuesday.
The Accelerate program, which is now in its eighth year, offers a host of resources for the seven selected brands. A six-month curriculum with weekly programming features leaders of Briogeo, Tatcha and Tower 28. Branding agency School House will also provide individualized brand workshops and strategy in what is characterized as a bespoke approach. Founders also receive mentorship, merchandising support, grants and investor connections. Plus, the program provides access to an advisory team of beauty industry partners, founders from within the Sephora portfolio and financial professionals.
Upon completion, brands have the opportunity to launch at Sephora North America.
"We are very excited to welcome all 2023 finalists to the Accelerate program and into the Sephora family," said Priya Venkatesh, SVP of global merchandising at Sephora, in a statement. "Our program continues to create spaces for BIPOC-founded and owned brands that represent our clients and the world today, all while providing meaningful support for growing brands to succeed."
Here’s a look at the selected brands, with lightly edited descriptions provided by Sephora:
- Brianna Arps, Moodeaux: A line of clean fragrances designed around the connection between scent, memory, and emotion.
- Malaika Jones, Tai Beauchamp, Nia Jones – BROWN GIRL Jane: A wellness-first multicultural beauty and health brand focused on solution-oriented, innovative products that boost mood and reduce the appearance and feeling of stress.
- Alicia Scott, Range Beauty: A plant-powered makeup line that targets uneven tones and soothes irritated skin for melanin-rich women affected by acne and eczema.
- Sienna Brown, Glosshood: A beauty brand with a specialty in providing niche goods that honor the inner child.
- Camille Martin, Seaspire Skincare: A skincare brand developing new ingredients that are safer for humans and more sustainable for our environment.
- Karen Young, OUI the People: A treatment-driven bodycare brand that aims to redefine the culture of beauty through a lens of inclusivity.
- Simedar Jackson, Of Other Worlds: A clinically conscious, culturally-inclusive beauty brand that straddles the line between clean and clinical to develop skincare that doesn't compromise on effectiveness or alienate the community.
Trending in Brand News
NRF's Global Port Tracker sees a slowdown in the supply chain in 2023 as retailers exercise caution.
Import volumes are expected to fall near levels not seen since the pandemic-induced economic slowdown of 2020 this winter, according to a new forecast.
February is forecast to be the slowest month for retail imports since May 2020, when factories in Asia shut down and stores closed to protect health and safety, according to the Global Port Tracker from the National Retail Federation and Hackett Associates. Only February and March 2020 saw lower numbers.
Now, retailers are importing less merchandise amid the slowing economy, elevated inflation and rising interest rates, said NRF Vice President for Supply Chain and Customs Policy Jonathan Gold.
“February is traditionally a slow month, but these are the lowest numbers we’ve seen in almost three years,” said Gold, in a statement. “Retailers are being cautious as they wait to see how the economy responds to efforts to bring inflation under control.”
NRF/Hackett Associates Global Port Tracker. (Courtesy photo)
The forecast slowdown in February comes after December import volumes of 1.73 million Twenty-Foot Equivalent Units (TEUs) were down 2.6% from November and decreased 17.1% from December 2021. January numbers have yet to be reported, but are expected to fall 17.6% year-over-year.
The slowdown is expected to continue when compared to 2022, here are the forecasts for the next four months:
- March is forecast at 1.76 million TEU, down 24.8% year over year
- April is forecast at 1.87 million TEU, down 17.3%.
- May is forecast at 1.92 million TEU, down 19.9%.
- June is forecast at 2 million TEU, which would be the first reading above 2 million since October, but still down 11.3% from the previous year.
The pullback comes after 2022 saw record import volumes as supply chains unclogged. In turn, this left many retailers with an inventory glut as multiple seasons of merchandise arrived at the same time.
While a correction is evident, experts say this isn’t a return to normal. After two years of shocks, the supply chain is once again in uncharted waters.
“In some ways, 2023 is reminiscent of 2020, when the world’s economies shut down because of the pandemic and no one had a clue where we were headed,” Hackett Associates Founder Ben Hackett said. “Cargo volumes are down, and the economy is in a contradiction of rising employment and wages that promise prosperity at the same time high inflation and rising interest rates threaten a recession. The economy is far from shut down, but the degree of uncertainty is very similar.”