Retail Channels
23 August 2022
Meet the 5 beauty brands entering the Walmart Start accelerator
Brands in the inaugural program get access to resources, and a chance to launch at Walmart.
Brands in the inaugural program get access to resources, and a chance to launch at Walmart.
Walmart unveiled the five beauty brands that will take part in the inaugural class of Walmart Start, a startup accelerator program that offers a chance to launch at Walmart and business-building resources.
Launched earlier in 2022, the nation’s largest retailer put out a call that it was aiming to discover up-and-coming beauty brands through Walmart Start. Like many accelerators, Walmart Start offers education in the form of classes, and 1-to-1 mentorship and networking opportunities.
Being a large retailer, Walmart is also offering brands the potential to launch at Walmart stores. While it is not guaranteed, having the scale to expand to mass retail is a requirement for application. The company is also holding out the opportunity for inclusion in some marketing efforts, as well as support with the Walmart Connect retail media platform.
\u201cCongrats! \ud83c\udf89 We\u2019re thrilled to announce we\u2019ve accepted five brands into our Walmart Start accelerator program: The Hair Lab, Pardon My Fro, Dossier, Undefined Beauty and Paintlab. Learn more: https://t.co/hQYiw86fq6\u201d— Walmart Inc. (@Walmart Inc.) 1661271140
Among the participants who have already launched at Walmart is The Hair Lab by Strands, which is already available at Walmart.com, and is set to launch at 2,500 Walmart stores starting on Sept. 1. Founded by Eric Delapenha, the company builds customized hair care products by analyzing a customer’s strands through a handheld scanner or online test. Then, it develops a haircare routine based on these unique strands. It makes more than 1,000 combinations available, and takes into account all types, textures, and styles. By applying data, Delapenha said in a news release that the brand can cut down on trial-and-error, as well as waste in the haircare system.
The Hair Lab “offers customers the ability to choose hair care products that match their needs at an accessible price-point," said Creighton Kiper, merchandising VP for Walmart U.S. Beauty, in a statement.
"We've heard from customers that they are interested in products personalized for them and this new offering delivers on those evolving interests,” Kiper said.
Here’s a look at the other brands that were selected for the first cohort, according to Walmart’s website:
On the Move has the latest from Amazon, Lovesac and more.
This week, leadership is changing at GameStop, Sorel and Beautycounter. Meanwhile, key executives are departing at Amazon, Wayfair and Lovesac.
Here’s a look at the latest shuffles:
GameStop announced the termination of Matthew Furlong as CEO on Wednesday. A brief statement did not provide a reason for the firing.
With the move, Chewy founder and activist investor Ryan Cohen was named executive chairman of the video game retailer. Cohen will be responsible for capital allocation and overseeing management.
It came as the company reported a 10% year-over-year decline in net sales for the first quarter. Meanwhile, the company’s net loss improved by 62%.
In an SEC filing, GameStop further added this “We believe the combination of these efforts to stabilize and optimize our core business and achieve sustained profitability while also focusing on capital allocation under Mr. Cohen’s leadership will further unlock long-term value creation for our stockholders.”
Cohen was revealed as GameStop's largest shareholder when he disclosed a 10% stake in the retailer in 2020. GameStop went on to become a leading name in the meme stock rise of 2021.
Mark Nenow is stepping down as president of the Sorel brand in order to focus on his health.
After rising to the role in 2015, Nenow spearheaded a transformation of Columbia Sportswear-owned Sorel from a men’s workwear brand to a fashion-focused brand that led with a women’s offering of boots, sandals and sneakers.
“Mark led the brand to sales of $347 million in net sales in 2022,” said Columbia Sportswear CEO Tim Boyle, in a statement. “His leadership has been invaluable to this company, and we wish him the very best.”
Columbia will conduct a search for Nenow’s replacement. Craig Zanon, the company’s SVP of emerging brands, will lead Sorel in the interim.
Beautycounter appointed board member Mindy Mackenzie as interim CEO, succeeding Marc Rey. According to the brand, Rey and the board “mutually decided to transition to a new phase of leadership for Beautycounter.”
McKenzie, a former executive at Carlyle, McKinsey and Jim Beam, will lead the company as it conducts a search for a permanent CEO. Additionally, former Natura & Co CEO Roberto Marques will join Beautycounter’s board as chair.
As part of the transition, Nicole Malozi is also joining the company as chief financial officer. She brings experience from Tatcha, Nike, and DFS Group Limited.
Melissa Nick, a VP of customer fulfillment for North America at Amazon, will leave the company, effective June 16, CNBC reported. Nick joined the company in 2014, and oversaw a region that included nearly 300 fulfillment centers. After doubling its supply chain footprint during the pandemic, Amazon recently reorganized its fulfillment operations to take a regional approach, as opposed to a national model that often resulted in items shipping across the country.
Jon Blotner (Courtesy photo)
Steve Oblak will retire from the role of chief commercial officer at home goods marketplace Wayfair. With the move, Jon Blotner will be promoted to chief commercial officer.
"Steve has served as a critical part of our leadership team and played a pivotal role in Wayfair's growth, helping us grow from a $250 million business when he joined to $12 billion in net revenue today,” said Wayfair CEO Niraj Shah, in a statement. “He oversaw countless milestones, from helping to launch the Wayfair brand as we brought together hundreds of sites into a single platform, to launching new categories, business lines, and geographies while overseeing our North American and European businesses, to leading our debut into physical retail.”
Blotner previously oversaw exclusive and specialty retail brands, as well as digital media at Wayfair. Before joining the company, he served as president of Gemvara.com prior to its 2016 acquisition by Berkshire Hathaway.
Furniture retailer Lovesac said Donna Dellomo will retire as EVP and CFO, and move to an advisory role, effective June 30. Dellomo was with Lovesac for six years.
Keith Siegner was appointed as the next EVP and CFO. He brings experience as CFO of esports company Vindex, as well as executive roles at Yum! Brands, UBS Securities and Credit Suisse.
Additionally, Jack Krause will retire from the role of chief strategy officer, effective June 30. His responsibilities will be divided between CEO Shawn Nelson and president Mary Fox.
“Since joining Lovesac, Jack has played an instrumental role in transforming the Company into a true omni channel retailer by helping expand our physical touchpoints and digital platform as we continue to disrupt the industry,” said Nelson, in a statement.
The National Retail Federation announced the addition of five new board members. They include: