Dermstore is US web store which sells
cosmetics
Cosmetics are constituted mixtures of chemical compounds derived from either natural sources, or synthetically created ones. Cosmetics have various purposes. Those designed for personal care and skin care can be used to cleanse or protect ...
and
skin care
Skin care is a range of practices that support skin integrity, enhance its appearance, and relieve skin conditions. They can include nutrition, avoidance of excessive sun exposure, and appropriate use of emollients. Practices that enhance appea ...
products. In 2021, it was acquired by
THG plc
THG plc, formerly The Hut Group, is a British e-commerce retail company headquartered at Manchester Airport, England. It sells own-brand and third-party cosmetics, dietary supplements, luxury goods, and licensed and personalised products onlin ...
from
Target Corporation
Target Corporation (doing business as Target and stylized in all lowercase since 2018) is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the seventh largest retailer in the United States, and a compon ...
for £260.9m and migrated onto the company's Ingenuity e-commerce platform.
History
Dermstore was founded by
dermatologist
Dermatology is the branch of medicine dealing with the skin.''Random House Webster's Unabridged Dictionary.'' Random House, Inc. 2001. Page 537. . It is a speciality with both medical and surgical aspects. A dermatologist is a specialist medical ...
Craig Kraffert in 1999. 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. In 2012, the company expanded from distributing professional skin care to consumer cosmetics brands, and on March 19, 2013, the company opened its flagship store in
Hermosa Beach, California
Hermosa Beach (''Hermosa'', Spanish for "Beautiful") is a beachfront city in Los Angeles County in the U.S. state of California, United States. Its population was 19,728 at the 2020 U.S. Census. The city is located in the South Bay region of th ...
.
On August 6, 2013,
Target Corporation
Target Corporation (doing business as Target and stylized in all lowercase since 2018) is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the seventh largest retailer in the United States, and a compon ...
acquired the Dermstore Beauty Group. Dermstore became a wholly owned subsidiary of Target which operated as a separate entity under its online name, Dermstore.com. Dermstore's product offering consisted of over 350 brands
In December 2020,
THG plc
THG plc, formerly The Hut Group, is a British e-commerce retail company headquartered at Manchester Airport, England. It sells own-brand and third-party cosmetics, dietary supplements, luxury goods, and licensed and personalised products onlin ...
announced it would buy Dermstore from Target Corporation for $350 million.
The deal closed on February 2, 2021 and Dermstore was migrated onto THG's Ingenuity e-commerce platform.
References
{{reflist
THG (company)
Companies based in California
Retail companies established in 1999
Internet properties established in 1999
Online retailers of the United States
1999 establishments in California