Bluemercury Explained

Bluemercury
Type:Subsidiary
Industry:Cosmetics
Predecessors:-->
Successors:-->
Founded:, in Washington, D.C.
Founders:Barry J. Beck and Marla Malcolm Beck
Hq Location City:Washington, D.C.
Hq Location Country:United States
Num Locations:158[1]
Num Locations Year:Q3 2022
Areas Served:-->
Key People:Maly Bernstein (CEO)
Brands:M-61, Lune+Aster
Profit:-->
Profit Year:-->
Owners:-->
Parent:Macy's Inc.

Bluemercury is a chain of American beauty stores founded in 1999 by Marla Malcolm Beck and Barry J. Beck in Georgetown, Washington, D.C. The stores sell cosmetics, as well as in-store facials and spa treatments. In addition to selling products from other brands, the company developed its own M-61 skincare line in 2012 and Lune+Aster make-up line in 2015.

The company was acquired in 2015 by Macy's, which opened in-store Bluemercury shops in its department stores, as well as expanding the number of free-standing stores.

History

Bluemercury was founded in 1999 as an online shopping website for luxury cosmetics.[2] The co-founders Marla Malcolm (later Marla Malcolm Beck) became CEO and Barry J. Beck became COO.[3] [4] However, luxury brands that Bluemercury courted were unsure whether they wanted to sell their goods on the internet, while consumers were not accustomed to buying cosmetics without trying them first.

The couple found two struggling independent beauty boutiques in Georgetown and Dupont Circle called EFX, which they used to help fill their online orders. They bought and rebranded the stores "Bluemercury," converting them to their developing concept, a neighborhood store offering beauty products, personalized advice and samples.[5]

By 2006, Bluemercury was generating $17 million in annual revenue and operated 12 stores. In June 2006, the Becks sold a stake in the company to the private-equity firm Invus Group.[6]

In July 2021, Maly Bernstein was announced as new CEO effective September 2021.[7]

Macy's acquisition

The Becks sold the company to Macy's Inc. for $210 million in 2015, while retaining their positions as CEO and COO.[8] Macy's added Bluemercury stores, called "shop-in-shops", inside some of its own department stores; the first, three in California and one in Houston, were launched in 2016.[9] As of October 29, 2022, there are 20 Macy's locations that feature a Bluemercury store-within-store.[10]

Retail stores

Bluemercury stores are designed to be small, drugstore-like shops near residential and business areas.[11] Each store location has a spa and provides other services.[12] The stores' collection of brands includes SkinCeuticals, Nars, Bobbi Brown, and Laura Mercier, among others.[13] [14] [15]

In 2016, the company opened its 100th store, in Savannah, Georgia. At 2,400 square feet, it was their first entry into a larger store-size retail format.[16] In 2017, the company opened a 2,700 square-foot flagship store in Manhattan, its 145th store.[17]

Products

Bluemercury opened its own cosmetics design laboratory, M-61 Laboratories, in 2006.[18] In 2015, the company launched Lune+Aster. The company's cosmetics are not tested on animals; are paraben-free and phthalate-free; and most are vitamin-infused, vegan, and gluten-free.[19]

Notes and References

  1. Web site: Store Count and Square Footage . 2022-11-19 . Macy's, Inc. . en . 2019-03-23 . https://web.archive.org/web/20190323041637/https://macysinc.com/about/store-count-and-square-footage . dead .
  2. Web site: Marla Malcolm Beck Sold Bluemercury To Macy's For $210 Million, Now She's Betting On Vegan Cosmetics. Decker. Vivienne. Forbes. 8 March 2016.
  3. Web site: Zumbach. Lauren. Bluemercury founder taking neighborhood approach to luxury beauty, spa service sales. ChicagoTribune.com. Chicago Tribune. 19 May 2017.
  4. Web site: Dunn. Laura Emily. Women in Business Q&A: Marla Beck, CEO, Bluemercury. Huffingtonpost.com. 26 April 2017 . Huffington Post. 26 April 2017.
  5. News: With Macy's acquisition, Georgetown beauty company becomes a beast. Bhattarai. Abha. The Washington Post. 8 March 2015.
  6. Web site: Macy's Buys Sephora Competitor Bluemercury. Fernandez. Chantal. Fashionista.com. Fashionista. 4 February 2015.
  7. Web site: 2021-07-21 . Macy's, Inc. Names Maly Bernstein CEO Of Bluemercury . 2022-08-09 . www.businesswire.com . en.
  8. Web site: Weisul. Kimberly. How to Sell Your Business--and Keep It Too. Inc.com. Inc Magazine. 21 March 2017.
  9. Web site: Shatzman. Celia. Bluemercury Founder Barry Beck On His New Flagship, Makeup For Men & Their AI Mirror. Forbes. 31 July 2017.
  10. Web site: Macy's Inc. Store Count 2022. 2022-11-19. 2022-11-19. https://web.archive.org/web/20221119202538/https://www.macysinc.com/_assets/_733bbdffa64039b0fda842caf08a2b26/macysinc/files/files/store-locations.xlsx. dead.
  11. News: Magsaysay. Melissa. Beauty chain Bluemercury is placing its bets on L.A.'s skin-care-obsessed culture. LA Times. 20 October 2017.
  12. Web site: Wahba. Phil. How Macy's Is Turning Beauty Store Bluemercury Into Its Secret Weapon. Fortune.com. Fortune. 4 October 2017.
  13. Web site: Lieber. Chavie. How Marla Malcolm Beck Went from One Bluemercury Location to a $210 Million Macy's Deal. Racked.com. 30 March 2015 . Racked. 30 March 2015.
  14. Web site: Wu. Sarah. 5 Tips On Business And Beauty From Bluemercury CEO Marla Malcolm Beck. Forbes. 30 June 2014.
  15. Web site: Volpe. Lynden. An Inside Look at Bluemercury with Marla Malcolm Beck. Vanityfair.com. 13 March 2013 . Vanity Fair. 13 March 2013.
  16. Web site: Bluemercury opens its 100th store on Broughton St.. Wtoc.com. WTOC. 21 July 2016.
  17. Web site: Strugatz. Rachel. Digital Download: Bluemercury Opens Flagship in New York, Unveils Digital Hub. Wwd.com. 20 July 2017 . WWD. 20 July 2017.
  18. Web site: How Bluemercury's Marla Malcolm Beck Turned Her Passion For Beauty Into A Multi-Million Dollar Career. Hoshikawa. Karina. Fashionista.com. Fashionista. 22 August 2016.
  19. Web site: Fickenscher. Lisa. Macy's strikes gold with Bluemercury's growth. Nypost.com. New York Post. 19 August 2016.