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Brand Loyalty Falling in Luxury Beauty


Last week I was asked to anchor a private beauty industry dinner on the future of experience in luxury retail. There was near-universal confidence in the room that loyalty is getting stronger. The data says the opposite.


True brand loyalty fell to 29% in 2025, a 5-point drop from 2024. Nine out of ten executives believe it is growing. Only four in ten consumers agree.


That is a delusional reality gap.


And it is not a beauty problem. It is what happens when entire categories optimize for moments and call it strategy.


I wrote up the three fault lines behind it in my most recent LinkedIn article and why they extend well beyond beauty into luxury retail more broadly.


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