Dermstore

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]

Dermstore
Type of site
Online shopping
Founded1999 (1999)
Headquarters
El Segundo, California
,
United States
Area servedUnited States and Canada
OwnerTHG plc
Founder(s)Craig A. Kraffert
ProductsCosmetics
ParentTHG Beauty
URLdermstore.com
[1][2]

History

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
  1. "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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