Travel retail boosts Estée Lauder Companies
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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 coverage, the company says.
Its Aveda, Jo Malone, La Mer, MAC and Tom Ford brands “contributed sharply” to the sales gains.
An overall increase in make-up sales came partly through a broadening of the brands’ presence in travel retail, says the group.
Total net sales of US$3.21 billion were achieved in the second quarter, a 3 per cent year-on-year increase.
Questions & Answers
Q.Which specific brands were noted for contributing significantly to the sales growth?
Which specific brands were noted for contributing significantly to the sales growth?
The brands Aveda, Jo Malone, La Mer, MAC, and Tom Ford were highlighted as contributing sharply to Estée Lauder Companies' sales gains during the second quarter.
Q.What were the main factors behind the double-digit sales growth in global travel retail?
What were the main factors behind the double-digit sales growth in global travel retail?
The growth was primarily driven by new product launch initiatives, an increase in global airline passenger traffic, and expanded consumer reach within the travel retail sector.
Q.What was the total net sales figure for Estée Lauder Companies in the second quarter?
What was the total net sales figure for Estée Lauder Companies in the second quarter?
The company reported total net sales of US$3.21 billion for the second quarter. This represented a 3 per cent increase compared to the same period in the previous year.
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