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Dada Group Brings THE COLORIST and WOW COLOUR Stores Online

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Dada Group (Nasdaq: DADA) announced partnerships with cosmetics retailers THE COLORIST and WOW COLOUR, enhancing their JDDJ on-demand retail platform. This collaboration will optimize product management, digital marketing, and order fulfillment for rapid delivery services. As of June 2021, 178 THE COLORIST stores are integrated into JDDJ, with an additional 80 WOW COLOUR stores to launch. The company also reported a significant sales increase in cosmetics during the recent 618 Shopping Festival, with sales more than double compared to last year.

Positive
  • Partnerships with THE COLORIST and WOW COLOUR enhance product offerings.
  • Integration of 178 stores from THE COLORIST and 80 from WOW COLOUR into the JDDJ platform.
  • Significant sales increase in cosmetics during the 618 Shopping Festival, doubling compared to the previous year.
Negative
  • None.

SHANGHAI, June 24, 2021 /PRNewswire/ -- China's leading local on-demand delivery and retail platform Dada Group ("Dada"; Nasdaq: DADA) is pleased to announce that the company has established partnerships with two of China's leading cosmetics retailers THE COLORIST and WOW COLOUR. Under the agreement, JDDJ, Dada's on-demand retail platform, will deepen cooperation with THE COLORIST and WOW COLOUR in terms of product management, digital marketing, targeted user operations, and order fulfillment optimization; and will provide integrated offline and online retail solutions. As part of these partnerships, Dada's on-demand delivery platform Dada Now will offer on-demand order fulfillment services for THE COLORIST and WOW COLOUR with one-hour delivery.

Moreover, JDDJ will collaborate with JD Beauty to support THE COLORIST and WOW COLOUR in their respective omni-channel retail strategies, and jointly build a new on-demand retail model of cosmetics brands. Thanks to JD Beauty's powerful advertisement, user coverage and user data system, JDDJ and JD Beauty can provide partners with comprehensive and targeted marketing capabilities. At the same time, JD Beauty will offer expanded online traffic and data support for JDDJ, allowing more consumers to enjoy the shopping experience of ordering and receiving high-quality cosmetics products with one-hour delivery.

As of June 2021, 178 offline stores of THE COLORIST have been integrated into the JDDJ platform, covering hundreds of cities and counties in China. As Dada Group has expanded omni-channel cooperation with JD.com for on-demand delivery, these stores have also launched on JD.com through JDDJ. Meanwhile, the first batch of WOW COLOUR's 80 stores will also launch on both platforms in June. Consumers near the stores have convenient access to cosmetics products through the platform's one-hour home delivery service.

These partnerships also mark JDDJ's latest efforts to expand the depth of its cosmetics offerings, and further diversify category coverage to provide consumers with more products across more categories on demand. JDDJ has continued to maintain in-depth cooperation with leading cosmetics brands and retailers across China, including Watsons, Gialen, and Innisfree. In the past year, JDDJ has brought more than 3,400 offline cosmetics stores online to offer faster on-demand delivery. In addition to first-tier cities in China, consumers in lower-tier cities can also have on-demand access to cosmetics products through JDDJ.

During the recent 618 Shopping Festival this year, China's major mid-year online shopping event held from June 1 to 18, sales of cosmetics products on JDDJ increased by more than double when compared to the same period last year.

About Dada Group

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China's largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The company's two platforms are inter-connected and mutually beneficial. The Dada Now platform enables improved delivery experience for participants on the JDDJ platform through its readily accessible fulfillment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol "DADA."

Cision View original content:http://www.prnewswire.com/news-releases/dada-group-brings-the-colorist-and-wow-colour-stores-online-301319131.html

SOURCE Dada Group

FAQ

What are the recent partnerships announced by Dada Group?

Dada Group formed partnerships with THE COLORIST and WOW COLOUR for enhanced retail and delivery services.

What is the impact of the 618 Shopping Festival on Dada Group's sales?

Dada Group experienced more than double the sales of cosmetics during the 618 Shopping Festival compared to the previous year.

How many stores have been integrated into Dada's JDDJ platform?

As of June 2021, 178 stores from THE COLORIST and 80 stores from WOW COLOUR have been integrated into the JDDJ platform.

What is the ticker symbol for Dada Group?

Dada Group trades under the ticker symbol 'DADA' on the Nasdaq.

What services will Dada Now provide in the new partnerships?

Dada Now will offer on-demand order fulfillment services with a one-hour delivery promise.

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