Today’s key global wellness news articles from around the world, impacting the industry and influencing the business of wellness.
Online grocery shopping has grown 230% between February 1 through February 21, 2021-and experts predict the category will only continue to grow. But as consumers increasingly move their grocery routine online, their expectations of the overall shopping experience will change, and scrolling through thousands of products to find what they need will start to feel incompatible with other digital experiences.
( lululemon athletica NASDAQ:LULU) is starting to return to its pre-pandemic growth levels. Over the last three quarters, the business has steadily improved with revenue growth reaching 24% in the most recent quarter. But one of the highlights of the recent earnings report was the performance of Mirror, the interactive fitness company that Lululemon acquired for $500 million last year.
The pandemic has pushed the concept of sex as self-care into the wider wellbeing conversation (see Product’s Sexual Wellness Priority). With 84% of Americans saying that masturbation counts as self-care (Tenga, 2020), beauty and wellness brands are making a case for sexual satisfaction as an integral part of a healthy beauty routine due to its skin health benefits.
In March 2020, Nike unveiled its 2025 sustainability targets focused on “people, planet, and play.” In the brand’s latest efforts towards sustainability and tackling climate issues, Nike’s latest initiative, Nike Refurbished, focuses on improving the lifecycle of footwear and reducing footwear waste.
World Leisure Organization (WLO) has opened the entry process for its International Innovation Prize. Now in its ninth year, the award celebrates organisations that have implemented creative solutions which foster local, national or international leisure opportunities for the benefit and development of individuals and communities.
This week, plant-based haircare brand Vegamour has announced its investment of $80M from global growth equity investor General Atlantic. Launched in 2016, the brand’s range of serums, supplements and traditional hair-care products aim to serve hair growth and wellness. Notably, Vegamour’s 2020 revenue was up 800% over 2019’s and in 2021, plans to achieve at least 300% growth over 2020.
Plant-Based Pioneer THIS Debuts ‘Groundbreaking’ Products Including Bacon Lardons And Cocktail Sausages
Plant-based pioneer THIS is launching a new range of ‘groundbreaking’ products in time for Summer, including vegan bacon lardons. The brand propelled into the vegan meat scene back in 2019, debuting its flagship products that ‘look and taste just like meat’ in a host of UK retailers.