Retail
What European retailers actually assess when a brand presents
Founders prepare for the wrong meeting. Here is what is actually being decided in the room.
By Stephanie Sherman · 11 August 2026
I have spent most of the last three decades on the buying side of the beauty industry — as a Vice President and General Manager responsible for brands, budgets and the retail relationships that carried them. I have sat through several hundred brand presentations. Very few of them addressed the questions that were actually being asked.
This is not because founders present badly. Most present well. They arrive with a considered deck, a clear origin story, a beautiful product and genuine conviction. The problem is that they are answering a question the retailer is not asking.
The founder is answering: why is this brand special?
The retailer is answering: what happens to my square metre if I give it to you?
Those are not the same question, and the distance between them is where most first meetings quietly fail.
The buyer's actual problem
It helps to understand the position the person opposite you is in.
A beauty buyer has a fixed amount of space, a sales target attached to every metre of it, and a list of brands wanting in. Space given to you is space taken from something already trading. That incumbent has a known rate of sale, a known margin, a known return rate and a known level of support. You have none of those things. You are, from their perspective, a risk being introduced into a system that currently works.
The buyer is also personally exposed. If your brand underperforms, the shortfall lands on their category, in their numbers, in their review. Brands are delisted routinely; buyers who repeatedly champion brands that fail are not promoted.
So the question is never really is this brand good? It is is this brand worth the risk of the space, and can I defend the decision if it goes wrong?
Everything else follows from that.
The five things actually being assessed
One: productivity per square metre.
The buyer is estimating what your brand will deliver per metre against what currently sits there. If you cannot state a credible rate of sale — with the evidence behind it — the buyer will estimate one for you, conservatively, and you will lose the comparison.
Evidence, in descending order of persuasiveness: trading data from a comparable retailer in a comparable market; trading data from your own site with basket and repeat-rate detail; performance in a different market with the caveats stated honestly. Consumer research and social following are not evidence of rate of sale, and every buyer knows it.
Two: the economics, in full.
Margin is the beginning of the conversation, not the end. The buyer is calculating the total cost of carrying you: cost margin, settlement terms, contribution to promotional funding, staff cost if the counter is retailer-staffed, fixture and fit-out contribution, launch support, returns provision, and the cost of the space itself.
A brand offering an attractive headline margin while requiring heavy investment across every other line is more expensive than a brand offering less margin and asking for nothing. Founders routinely negotiate hard on the number they understand and concede everything around it.
Three: incrementality.
Will you bring customers the retailer does not already have, or will you take sales from brands they already stock?
This is the question that most often decides between two similar brands, and it is the one founders address least. A brand that recruits a new consumer into the category — a different age, a different need state, a different price point — is worth more than a brand that trades slightly better than an incumbent while selling to the same person. Be able to say, precisely, who you bring through the door.
Four: whether you can actually execute.
Retailers have been let down by brands with excellent products and no operational capability. Late deliveries. Wrong barcodes. Missing regulatory documentation. Marketing promised and not delivered. Staff untrained at launch. Stock unavailable in week three because the forecast was optimistic and the lead time was sixteen weeks.
The buyer is assessing whether your organisation can support the listing, and they are reading it from small signals — how quickly you answered the last email, whether your figures were consistent between the deck and the model, whether you knew your own lead times without checking.
Five: whether the brand strengthens the retailer's positioning.
The best retailers are curating, not filling. They are asking whether your brand makes their beauty hall more interesting to the customer they are trying to attract. This is the one place where the founder's own story genuinely matters — but it matters as a commercial asset, not as a personal narrative.
What founders bring instead
Founder journey. Ingredient philosophy. Brand values. Awards. Press coverage. Instagram following. Packaging detail. Sustainability credentials.
None of this is worthless. All of it is secondary. The consistent pattern is that founders spend eighty per cent of the meeting on the brand and twenty per cent on the business, when the buyer needs the reverse — and would happily take the brand story as a five-minute opening if the remaining forty minutes were commercially substantive.
What to do differently
Open with the commercial proposition. Who the consumer is, what the brand delivers per metre, what it costs the retailer, and what it brings that they do not currently have. Then tell the story.
Bring a model, not a forecast. A forecast is a number. A model shows the assumptions beneath it — rate of sale, doors, price, promotional participation, returns — and it invites the buyer to interrogate them. Being interrogated is good. It means the conversation has become real.
Know your unit economics to net contribution. Not gross margin. Net, after every deduction the retailer will apply.
Be honest about what you cannot do. A founder who says "we can support eight doors properly, and we would rather do eight well than twenty badly" is more credible than one who agrees to everything. Buyers have long memories for brands that overpromised.
Ask what success looks like. Specifically: what rate of sale would make this listing a success in their eyes, and at what point would it be reviewed. If you do not ask, you will not know the target you are being measured against until you have missed it.
The underlying point
Retailers do not buy potential. They buy confidence — that a brand will perform in their space, on their terms, at their economics, supported by an organisation that will not let them down.
Everything a founder can do before the meeting should be directed at manufacturing that confidence. The product got you the meeting. The commercial case gets you the listing.
