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Cosmetics giant Estee Lauder says strong sales in Asia underpinned a solid 18 per cent increase in sales in the latest quarter, from US$2.86 billion to $3.37 billion. Net earnings surged 25 per cent to $372 million as Asian consumers gravitated towards more…
Solid growth in Asia Pacific, including in Australia, has helped cosmetics giant Estee Lauder deliver an 18 per cent increase in third quarter sales, ahead of Wall Street estimates. Delivering its financials for the quarter ended 31 March in the US on…
A shift by brands to a New Retail model is imperative to remain relevant and competitive in China, according to a joint report from AliResearch and Bain & Co. The report, the most complete to date, offers a look at the blueprint for how companies and brands…
Tmall will this year work with top beauty brands such as Estee Lauder and Lancome to help them surpass RMB 1 billion (US$157.9 million) in annual sales on the platform. The increased focus on the beauty sector will also see Tmall deliver an updated suite of…
To celebrate Lunar New Year and the arrival of the Year of the Dog, luxury travel retailer DFS Group will offer special promotions and interactive activities at certain T Galleria and DFS stores worldwide next month. There will also be exclusive offers from…
Using Perfect Corp’s YouCam, Estee Lauder has introduced mobile-based AR training for its beauty advisers internationally. Its ART (augmented reality training) is the world’s first such education program. Using interactive live streaming, it allows the…
Led by double-digit growth in China and Hong Kong, Asia/Pacific sales increased sharply for Estee Lauder Companies for its first quarter to the end of September. It says the higher sales in China reflected strong gains for every brand except designer…
It says the higher sales in China reflected strong gains for every brand except designer fragrances. Estee Lauder, Mac, La Mer, Tom Ford and Jo Malone led the sales growth. Sales benefitted, in part, from continued demand for makeup products, an acceleration…
Momentum in China helped boost fourth-quarter performance for beauty products giant Estée Lauder. Overall net sales for the three months to the end of June were up 9 per cent year on year (11 per cent in constant currency) to US$2.89 billion for the group,…
Both beauty and luxury fashion brands in China have been utilizing WeChat—Chinese consumers’ all-in-one mobile app—to promote brand awareness and interact with their audiences. A new finding on audience engagement with beauty brands on WeChat in 2016…
Aveda Malaysia has opened a store in Kuala Lumpur, its second outlet in Asia Pacific. At Pavilion Kuala Lumpur, the store has a new retail concept and is described by the US beauty product company as an “experience centre”. Instead of run-on shelving and…
Beauty group The Estée Lauder Companies has reported double-digit sales growth in global travel retail for the second quarter of its latest fiscal year. This was generated by launch initiatives, global airline passenger traffic growth and new consumer…
China’s new import tax regime has enabled cosmetics giants AmorePacific and Estee Lauder to lower their prices in China by up to 30 per cent. AmorePacific’s China division says it will reduce Mainland cosmetics prices for 327 lines under the brands of Etude…
Estee Lauder has signed an agreement to acquire Becca Cosmetics, a high-growth makeup brand offering complexion and color products that flatter a wide range of skin tones and enhance women’s features. Now the beauty giant says it wants to speed up the Becca…
Cosmetics maker Estee Lauder has forecast a lower-than-expected profit for the full year, hurt by fewer customer visits to department stores and uncertainties in some markets. “We believe the risk of other economic and political disruptions will remain high…
Cosmetics maker Estee Lauder Cos. reported a smaller-than-expected rise in quarterly sales, hurt by a slowdown in sales in the Americas as fewer customers visited department stores and tourist spending declined. Shares of the company were down about 4 percent…
