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Cynd (4256) · InitiativeRestated

EC sales of salon-exclusive products through collaboration with beauty product manufacturers and distributors

First written in FY2022-Q3. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023.

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ProgressHeldSoftenedWorseFirst statedFY2022-Q3AdvancedFY20222022: 220222023: 12023
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  1. FY2023RestatedAnnual report

    「Accordingly, by leveraging its partner network to undertake packing and shipping for EC sales, the Group enables beauty and hair salons to sell products online without an additional operational burden, allowing salons to secure a new source of revenue.」

    The company continues to describe EC sales of salon-exclusive products and packing and shipping support using its partner network.
  2. FY2022AdvancedAnnual report

    「Many businesses in the beauty and hair salon industry have incentive systems that reward sellers for selling retail products, but EC sales present the challenge of identifying the seller. BeautyMerit therefore uses reservation histories and information on the staff member who performed the treatment to link customers with the responsible staff member, creating an environment in which an incentive system can also be introduced for EC sales.」

    In addition to partnerships with beauty product manufacturers and distributors, the company had partnerships with 22 beauty product distributors as of the end of March 2022 and was putting specific mechanisms in place for EC operations and linking products to sellers.
  3. FY2022-Q3First statedAnnual report

    「Because we had been a partner service since the launch of the service on 10 November 2021, when Instagram action buttons were expanded to include reservations for beauty and hair salons, this helped further increase awareness of our service. We also began partnering with major beauty product manufacturers for the EC function, which attracted strong interest from beauty and hair salons during the COVID-19 pandemic. Through a three-party partnership among our company, beauty product manufacturers and beauty product distributors, we established a structure enabling the EC sale of salon-exclusive products, an issue facing the beauty industry.」

    The company has established a three-party partnership structure with beauty product manufacturers and distributors and is advancing EC sales of salon-exclusive products.
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EC sales of salon-exclusive products through collaboration with beauty product manufacturers and distributors | CYND Co.,Ltd. (4256) | Komori