Rise Of The Latina And The Virtue of Vanity
Transcription
Rise Of The Latina And The Virtue of Vanity
‘‘The Rose Sheet’’ www.TheRoseSheet.com www.TheRoseSheet.com ‘‘The Rose Sheet’’ Rise Of The Latina And The Virtue of Vanity Elle Morris Editor’s note: There is a tendency in today’s beauty market to appeal to Latin American consumers via a one-size-fits-all approach, representing a disservice to the demographic as well as to businesses, which may be missing out on a growing and diversified opportunity, according to LPK Inc.’s Elle Morris. In this exclusive article contributed to “The Rose Sheet,” the VP and managing director of key global accounts at LPK offers a personal perspective on the Latina experience in the U.S. and provides insight into the opportunity before marketers based on research LPK leverages in its global brand-building work. M People are usually shocked to hear I’m Latina. What they don’t realize is that Latinas are of all different races and cultural backgrounds – Cuban, Mexican, Puerto Rican, South and Central American – and, thus, are varied in appearance, with different complexions, hair textures and body sizes. August 4, 2014 The future of beauty is increasingly social, and social beauty is about supporting a space for community and peer validation. Successful brands will create these spaces using various social-media platforms, providing accessibility to a spectrum of mobile devices and allowing tech-loving Latina consumers to express our identities across multiple touchpoints. Competitive brands will seek us out as influencers and leverage peer-to-peer recommendations and the power of social credentialing. Hereditarily, I am Latina – Cuban. And I am American, a direct descendant of the Mayflower Pilgrims. My daughter is Latina, with brown skin, brown eyes and kinky black hair. She is Cuban. She is African American. She is a Mayflower descendant, and she’s also the descendant of slaves. She is the face of the future America. “Beauty brands must reconsider how they’re talking to us. The blanket identifiers and stereotypical beauty ideals that oversimplify our backgrounds, needs and lifestyles will only alienate us.” – Latina, mom and LPK exec Elle Morris Today, one in six people in the U.S. are Latino. We’re the largest and fastest-growing population in the U.S. We’re also ripe for spending. With a median age of just 27 years (vs. 42 years for non-Hispanic whites) and a 152% growth rate in households earning $75,000 or more annually from 2000 to 2012, we command a projected $1.5 trillion in spending power next year, representing a jackpot for savvy marketers and a wakeup call for those behind the curve. Elle Morris is an unapologetic beauty junkie with beauty in her blood. As vice president and managing director of key global accounts at LPK, she pulls from her Latina heritage and extensive travels to impart an inherent understanding of how beauty varies across cultures. Follow this passionate aesthete on Twitter (@ElleMorrisCinci) or Instagram (@thisbeautyjunkie), or email her at [email protected]. ish colonial towns across the West Indies and Central and South America centuries ago. We thrive on communication and, perhaps more importantly, validation from each other. So it’s only natural that we have become a prominent force in today’s social media-driven marketplace. Social media is today’s plaza, and I’m your most relevant case study. (Check me out on Twitter, Instagram or LinkedIn.) y name is Maria Elena de la Vera Cruz Morris – aka Elenita to my Cuban family, and Elle to my Anglo friends and colleagues. I am Latina. But you wouldn’t know that just by looking at me, with my fair skin, red hair and green eyes. [Editor’s note: In her analysis, Morris draws on data from the U.S. Census Bureau, the Pew Research Center, Nielsen Holdings N.V., Mintel Group Ltd. and Forbes, among other sources.] So, why should the beauty industry care? Latinas spend three times as much as non-Hispanic women on beauty products, and there are deep-rooted cultural influences that have and will continue to drive these purchases. As Latinas, we are born and raised with a cultural imperative to look good. In America, the word vanity has a very negative connotation, one of self-involvement. I can’t tell you how © 2014 Informa Business Information, Inc., an Informa company. All rights reserved. LPK's Elle Morris with daughter Mia many times I’ve been made to feel guilty or ashamed just for taking care of myself. In Latin culture, on the other hand, vanidad is a positive attribute. It means putting your best self forward. That’s why I’m not surprised when I read statistics like “90% of Latinas believe personal appearance says a lot about a person,” or “wearing makeup and looking good is essential to 69% of Hispanic women, compared with 46% of the general population.” Looking our best is a great point of pride for us. And this virtue of vanity transcends income level. When it comes to spending on ourselves, there is no limit. Or as I like to say, “My face has no budget.” It’s an investment. What’s more, Latina beauty consumers equate high cost with quality and effectiveness. And today, we have more money to spend. In the past 10 years, the percentage of Latinas earning more than $50,000 annually has skyrocketed, growing more than 200%. Today, more than 12% of U.S. Latino households have annual incomes of more than $100,000. So there is a huge opportunity for the luxury beauty market, one that remains largely untapped. Social Media Is “Today’s Plaza” Another thing about us Latinas, we’re incredibly social. We have a strong sense of shared community – a legacy from our ancestors, who gathered in las plazas of SpanUnauthorized photocopying is prohibited by law. That validation from our sisters is so important to us because they get it. A compliment from a fellow Latina means much more to me than flattery from the opposite sex. Because I know it’s not just superficial praise – it’s a genuine appreciation for the effort I’ve put into looking my best. It all comes back to the virtue of vanity. Smart beauty brands will capitalize on that insight and tell stories that celebrate presenting your best self. And luxury beauty brands will win by offering meaningful solutions for Latinas, who are willing to spend more for the best. Most importantly, beauty brands must reconsider how they’re talking to us. The blanket identifiers and stereotypical beauty ideals that oversimplify our backgrounds, needs and lifestyles will only alienate us. Because we don’t all have café con leche skin and J. Lo booties. We’re freckled, kinky-haired, blue-eyed and black-skinned. We’re complex and constantly evolving. Brands that want to connect with us and win in the new Latina-driven market will embrace a more modern view – one that celebrates the many faces of today’s Latina. © 2014 Informa Business Information, Inc., an Informa company. All rights reserved. Reproduction, photocopying, storage or transmission by magnetic or electronic means is strictly prohibited by law. For bulk reprints of Informa Business Information articles contact: Customer Care, at 908-748-1221. Authorization to photocopy items for internal use is granted by Informa Business Information, when the fee of $25.00 per copy of each page is paid directly to Copyright Clearance Center, 222 Rosewood Dr., Danvers, MA 01923, 978-750-8400. The Transaction Reporting Service fee code is: 1530-1222/11 $0.00 + $25.00. Violation of copyright will result in legal action, including civil and/or criminal penalties, and suspension of service. August 4, 2014