#United States #Chicago #Beauty Industry #SPINS #Lucky Labs

SPINS Expands Its Vision with Lucky Labs Acquisition

In a strategic move that underscores its commitment to advancing digital capabilities within the beauty and wellness sector, SPINS, a leader in data analytics for the Natural Products industry, announced today that it has acquired Lucky Labs. This digital technology firm is prominently known for its innovative product locator platform that connects purpose-driven consumers with brands in the beauty and wellness spheres.

A Transformative Acquisition

The acquisition comes at a time when consumer demand for clean and conscious beauty products is on the rise. As shoppers increasingly expect transparency, sustainability, and healthier options in their beauty products, the integration of Lucky Labs’ technology into the SPINS framework is both timely and beneficial. With consumers navigating their way through multiple purchasing channels—ranging from e-commerce to in-store experiences—this acquisition aims to deliver the intelligence that brands require to meet evolving consumer expectations effectively.

Jay Margolis, the CEO of SPINS, stated, "Our mission has always been to propel values-driven brands forward by providing them with crucial insights and tools to engage with modern consumers meaningfully. With Lucky Labs, we are progressing to the next level—facilitating opportunities for brands to understand their consumers better and reach them at key moments. The focus is on helping brands build lasting relationships with their customers."

Informed Decision Making with Real-Time Data

Utilizing its state-of-the-art platform, Lucky Labs provides forward-thinking beauty brands with real-time insights into product availability and shopper behaviors. This technology harnesses first-party data from retail partners, offering brands granular visibility into inventory levels and consumer conversion processes. As a result, brands can implement more efficient marketing campaigns and monitor their return on investment across all channels.

Sneh Parmar, CEO and Co-founder of Lucky Labs, highlighted the alignment of missions between the two companies: "Both SPINS and Lucky Labs are dedicated to aiding conscious consumers in finding and supporting brands that resonate with their values. By joining forces, we are streamlining the shopping experience and equipping brands and retailers with enhanced tools to foster growth."

The SPINS Ecosystem

The combined strengths of SPINS and Lucky Labs now offer an unprecedented, end-to-end solution for beauty and wellness brands. This integration of market intelligence, product-level insights, and omnichannel shopper engagement creates a unique platform tailored to meet industry demands. Nafis Azad, Co-founder and Chief Product Officer of Lucky Labs, added, "We’re thrilled to broaden the SPINS ecosystem with remarkable beauty brands and prestigious retailers in the market."

As both companies continue their strong commitment to transforming how beauty and wellness brands engage with consumers, this acquisition is expected to bolster their capabilities, further driving growth in a rapidly evolving industry landscape.

About SPINS

SPINS stands as a leader in the Natural Products industry's growth and performance sector, providing unmatched product intelligence, consumer insights, and omnichannel activation strategies that empower brand and retailer success. For over 20 years, SPINS has driven innovation in an industry keen on responsive, values-driven growth. For more information, visit www.spins.com.

About Lucky Labs

Lucky Labs operates as a shopper experience platform, supporting brands in transforming consumer interest into actionable insights. Their technology connects shoppers to the optimal purchasing opportunities—both online and in-store—while also granting brands real-time visibility into product availabilities, review performance, and consumer behaviors. Learn more about their offerings at www.luckylabs.io.