Say what you want about the Kardashians and Jenners, but they definitely know how to sell a product. Case in point, Kris Jenner recently revealed to WWD that Kylie’s Kylie Cosmetics has raked in an impressive $420 million USD in retail sales in just 18 months. This in turn includes the $10 million USD Kylie made in only one day from her Birthday Collection. Now, sales are expected to increase by 25% in 2017.
In comparison, Tom Ford Beauty, which is owned by the Estée Lauder Cos. Inc., reportedly reached revenues of $500 million USD after a decade, of course meaning Kylie’s trajectory is through the roof when looking at her competitors. Experts then estimate that Kylie Cosmetics will reach $1 billion USD in sales by 2022, while it took L’Oréal’s Lancôme 80 years to get to that same figure.
Going forward, Kylie plans to transform her pop-ups into more permanent locations. “I do want stores, my own store… It think it’s time people walk into a store and see Kylie Cosmetics,” she insisted.
For more from Kylie on Kylie Cosmetics, see the below interview, then follow on over to WWD.
Also, be sure to check out the trailer for her new reality TV show, Life of Kylie.
- Main / Featured Image: @KylieJenner / Instagram