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Dermstore

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Dermstore
Type of site
Online shopping
Founded 1999 ; 25 years ago  ( 1999 )
Headquarters
El Segundo, California
,
United States
Area served United States and Canada
Owner THG plc
Founder(s) Craig A. Kraffert
Products Cosmetics
Parent THG Beauty
URL dermstore .com
[1] [2]

Dermstore is US web store which sells cosmetics and skin care products. In 2021, it was acquired by THG plc from Target Corporation for ￡260.9m and migrated onto the company's Ingenuity e-commerce platform. [1]

History [ edit ]

Dermstore was founded by dermatologist Craig Kraffert in 1999. [3] In 2008, Dermstore launched a subscription service called BeautyFIX . The monthly subscription service offered beauty boxes containing skin care, hair care and makeup products for a fee. [4] In 2012, the company expanded from distributing professional skin care to consumer cosmetics brands, [5] and on March 19, 2013, the company opened its flagship store in Hermosa Beach, California . [6]

On August 6, 2013, Target Corporation acquired the Dermstore Beauty Group. [7] Dermstore became a wholly owned subsidiary of Target which operated as a separate entity under its online name, Dermstore.com. [8] Dermstore's product offering consisted of over 350 brands [9]

In December 2020, THG plc announced it would buy Dermstore from Target Corporation for $350 million. [10] The deal closed on February 2, 2021 and Dermstore was migrated onto THG's Ingenuity e-commerce platform. [1]

References [ edit ]

  1. ^ a b c "THG Annual Report 2021" (PDF) . THG plc. 9 May 2022 . Retrieved 25 September 2022 .
  2. ^ Craig Kraffert Bio
  3. ^ Craig Kraffert Bio
  4. ^ Deem, Megan. "Makeup Subscription Boxes" . Harper's Bazaar . Retrieved August 30, 2019 .
  5. ^ "Dermstore.com Expands Into Beauty Space" . happi.com. 2012-05-09 . Retrieved 2015-07-15 .
  6. ^ "Dermstore Opens Flagship Store In Southern California" . beautystorebusiness.com . Retrieved 2015-07-15 .
  7. ^ Target Press Release on Dermstore Acquisition
  8. ^ Michael Carney (2015-08-07), Target buys Dermstore and Sensa is on the block. Intelligent Beauty focuses on JustFab's $1B potential , PandoDaily , retrieved 2015-07-15
  9. ^ Target Press Release on Dermstore Acquisition
  10. ^ "UK's Hut Group to buy online retailer Dermstore from Target for ￡249 million pounds" . Reuters . Retrieved January 8, 2021 .
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