netrashetty
Netra Shetty
WWE, Inc.[6] (previously known as Capitol Wrestling Corporation Ltd, Titan Sports Inc., World Wrestling Federation Entertainment, Inc., and World Wrestling Entertainment) (NYSE: WWE) is an American publicly traded, privately controlled sports entertainment company dealing primarily in professional wrestling, with major revenue sources also coming from film, music, product licensing, and direct product sales. It is currently the largest professional wrestling company in the world, reaching 14.5 million viewers in the U.S. and broadcasting its shows in 30 languages to more than 145 countries.[7] It promotes under two brands, known as Raw and SmackDown.
Vince McMahon is the majority owner, chairman and chief executive officer (CEO) of the company. Together with his wife Linda McMahon, and their children, Shane McMahon and Executive Vice President of Talent and Creative Writing, Stephanie McMahon-Levesque, the McMahons hold approximately 70% of WWE's economic interest and 96% of the voting power in the company. The company's headquarters are located in Stamford, Connecticut with offices in Los Angeles, New York City, London, Tokyo, Toronto, and Sydney.[8] WWE holds an extensive library of videos, representing a significant portion of the visual history of professional wrestling.
he Australian color cosmetics market includes the following categories:
the teenage market (13-19 years)
young women (19 – 25 years)
working women (26 – 45 years)
the ageing baby boomer market (45 – 65 years)
the natural products market (16 – 45 years)
mass market shoppers (13-60 years)
The end user group identified to hold the most potential for U.S. suppliers is the working women demographic. Working women are increasingly wearing color cosmetics on a daily basis due to the increased competition in the workforce and the importance placed on image. This demographic includes young professionals who have completed university or who entered the workforce directly from school and have worked their way up the corporate chain. Therefore, this demographic tends to have a higher disposable income than the demographic of ‘young women’. Women of the workforce generally appreciate convenience due to the busy nature of their lifestyles but are also more likely to prefer mid-high end color cosmetics. For example, products such as long lasting lipstick or multi-purpose products such as color palette products for the lips, eyes and cheeks have proven popular with this demographic. Teenagers are increasingly influenced by celebrities, peer pressure and fashion trends. Products endorsed by celebrities and limited edition ranges created in association with well-known fashion designers are particularly successful with teenagers as they are more likely to follow fashion trends. The teenage market and the young women demographic demand products that provide glamour, association and excitement at affordable prices due to their lower income by comparison to other prospective buyer groups.
The ageing baby boomer market is increasingly preferring color cosmetics that not only enhance their appearance but also contain added benefits. For example, foundations that protect the skin against harmful UV rays, reduce the appearance of fine lines and contain treatment ingredients to help a variety of skin problems. The ageing baby boomers are among an increasing number of Australians who prefer premium color cosmetics.
Australian women over the age of 21 generally do not mind paying higher prices for products that offer benefits to suit their individual needs. Australian women also tend to equate higher prices with superior quality. The number of consumers preferring natural color cosmetics has grown rapidly in Australia. Girls as young as 16 are opting for natural alternatives to their color cosmetic choices due to increased awareness and education in this sector.
Market Entry
There has been a marked shift in retailing of color cosmetics in Australia in recent years. Pharmacies, salons and cosmetic retailers (a group which once occupied a large portion of the market), now represent 35 percent of cosmetic and toiletry sales. Department stores have a market share of 20 percent. General merchandise retailers such as Target and Kmart, which are part of the Coles group, and Big W, which is a Woolworths company, stock cosmetics and toiletries at very competitive prices. Some supermarkets now stock color cosmetics, with the “health and beauty” category being one of the fastest grocery growth areas. Premium cosmetics continue to be sold by pharmacies and cosmetic retailers and high-end department stores.
The move from pharmacies and salons to mass-market chains and supermarkets has stimulated growth not only in the color cosmetics sub-sector, but also in skin care and hair care sub-sectors. This expansion is a result of mass-market chains and supermarkets aiming for a larger customer base. Australia’s distribution and sales channels for cosmetics are similar to those in other industrialized countries, with channels of distribution through the use of distributors or agents and through direct sales. As is the case in the United States, carrying out due diligence is a critical factor.
Australia is well serviced by a range of financial services offered by local and international banks. Financing practices are comparable to those in the U.S. The terms of payment are negotiable, with import financing effected through open account, commercial bills of exchange (sight and time drafts), letters of credit, and cash in advance. Usually payment terms of 30-60 days are considered the norm amongst the cosmetics industry, with letter of credit and sight drafts the most common methods.
Market Issues & Obstacles
As a result of the Free Trade Agreement between the United States and Australia, the general import duty on cosmetics and toiletries decreased on January 1, 2005, from five percent to zero. Further information about duties and customs requirements can be obtained by viewing the Australian Customs Service website: www.customs.gov.au. When cosmetics are shipped to Australia, the goods will be subject to GST (Goods and Services Tax), which is a 10 percent broad-based tax on the sale or provision of most goods and services. While the responsibility to pay GST to the Australian Taxation Office lies with the producer / supplier, it is the consumer who finally bears the GST cost. The importer pays the GST to the Australian Customs Service.
Australia has strict regulatory requirements for the import of cosmetics. Such products can be subject to approval by the Therapeutic Goods Administration (TGA), which is part of the Australian Government. Approval by the TGA will depend on presentation of the products and the claims made, and whether the TGA considers the claims to be therapeutic or cosmetic. For instance, products that claim to protect against UV rays may be considered therapeutic. Further information on approval processes, including costs, can be obtained fro
Vince McMahon is the majority owner, chairman and chief executive officer (CEO) of the company. Together with his wife Linda McMahon, and their children, Shane McMahon and Executive Vice President of Talent and Creative Writing, Stephanie McMahon-Levesque, the McMahons hold approximately 70% of WWE's economic interest and 96% of the voting power in the company. The company's headquarters are located in Stamford, Connecticut with offices in Los Angeles, New York City, London, Tokyo, Toronto, and Sydney.[8] WWE holds an extensive library of videos, representing a significant portion of the visual history of professional wrestling.
he Australian color cosmetics market includes the following categories:
the teenage market (13-19 years)
young women (19 – 25 years)
working women (26 – 45 years)
the ageing baby boomer market (45 – 65 years)
the natural products market (16 – 45 years)
mass market shoppers (13-60 years)
The end user group identified to hold the most potential for U.S. suppliers is the working women demographic. Working women are increasingly wearing color cosmetics on a daily basis due to the increased competition in the workforce and the importance placed on image. This demographic includes young professionals who have completed university or who entered the workforce directly from school and have worked their way up the corporate chain. Therefore, this demographic tends to have a higher disposable income than the demographic of ‘young women’. Women of the workforce generally appreciate convenience due to the busy nature of their lifestyles but are also more likely to prefer mid-high end color cosmetics. For example, products such as long lasting lipstick or multi-purpose products such as color palette products for the lips, eyes and cheeks have proven popular with this demographic. Teenagers are increasingly influenced by celebrities, peer pressure and fashion trends. Products endorsed by celebrities and limited edition ranges created in association with well-known fashion designers are particularly successful with teenagers as they are more likely to follow fashion trends. The teenage market and the young women demographic demand products that provide glamour, association and excitement at affordable prices due to their lower income by comparison to other prospective buyer groups.
The ageing baby boomer market is increasingly preferring color cosmetics that not only enhance their appearance but also contain added benefits. For example, foundations that protect the skin against harmful UV rays, reduce the appearance of fine lines and contain treatment ingredients to help a variety of skin problems. The ageing baby boomers are among an increasing number of Australians who prefer premium color cosmetics.
Australian women over the age of 21 generally do not mind paying higher prices for products that offer benefits to suit their individual needs. Australian women also tend to equate higher prices with superior quality. The number of consumers preferring natural color cosmetics has grown rapidly in Australia. Girls as young as 16 are opting for natural alternatives to their color cosmetic choices due to increased awareness and education in this sector.
Market Entry
There has been a marked shift in retailing of color cosmetics in Australia in recent years. Pharmacies, salons and cosmetic retailers (a group which once occupied a large portion of the market), now represent 35 percent of cosmetic and toiletry sales. Department stores have a market share of 20 percent. General merchandise retailers such as Target and Kmart, which are part of the Coles group, and Big W, which is a Woolworths company, stock cosmetics and toiletries at very competitive prices. Some supermarkets now stock color cosmetics, with the “health and beauty” category being one of the fastest grocery growth areas. Premium cosmetics continue to be sold by pharmacies and cosmetic retailers and high-end department stores.
The move from pharmacies and salons to mass-market chains and supermarkets has stimulated growth not only in the color cosmetics sub-sector, but also in skin care and hair care sub-sectors. This expansion is a result of mass-market chains and supermarkets aiming for a larger customer base. Australia’s distribution and sales channels for cosmetics are similar to those in other industrialized countries, with channels of distribution through the use of distributors or agents and through direct sales. As is the case in the United States, carrying out due diligence is a critical factor.
Australia is well serviced by a range of financial services offered by local and international banks. Financing practices are comparable to those in the U.S. The terms of payment are negotiable, with import financing effected through open account, commercial bills of exchange (sight and time drafts), letters of credit, and cash in advance. Usually payment terms of 30-60 days are considered the norm amongst the cosmetics industry, with letter of credit and sight drafts the most common methods.
Market Issues & Obstacles
As a result of the Free Trade Agreement between the United States and Australia, the general import duty on cosmetics and toiletries decreased on January 1, 2005, from five percent to zero. Further information about duties and customs requirements can be obtained by viewing the Australian Customs Service website: www.customs.gov.au. When cosmetics are shipped to Australia, the goods will be subject to GST (Goods and Services Tax), which is a 10 percent broad-based tax on the sale or provision of most goods and services. While the responsibility to pay GST to the Australian Taxation Office lies with the producer / supplier, it is the consumer who finally bears the GST cost. The importer pays the GST to the Australian Customs Service.
Australia has strict regulatory requirements for the import of cosmetics. Such products can be subject to approval by the Therapeutic Goods Administration (TGA), which is part of the Australian Government. Approval by the TGA will depend on presentation of the products and the claims made, and whether the TGA considers the claims to be therapeutic or cosmetic. For instance, products that claim to protect against UV rays may be considered therapeutic. Further information on approval processes, including costs, can be obtained fro