Estée Lauder presents ugly outlook after COVID-19 demand disruption August 24, 2020 Beauty product retailer Estée Lauder reported a 32.0% year over year slide in revenues in calendar Q2 due to COVID-19 store closures. The firm expects calendar Q3 sales to continue to decline by 12% to 13% year over year “as some retail locations in certain markets may not reopen” and “bankrup... Read more →
Shiseido shipments slip, L’Oreal’s worth watching as COVID-19 cuts cosmetics April 24, 2020 Japanese cosmetics manufacturer Shiseido has reoriented its production towards COVID-19 related essentials such as hand sanitizers. That may help maintain employment at its factories as demand for luxury goods may be coming under pressure. The latter phenomenon can be seen in a 33.3% slump in ... Read more →
DSV Dominates Forwarder Growth With European Wind and Luxury Goods Push April 10, 2019 Freight forwarders operating services into the U.S. by sea saw a 6.7% growth in shipments in March as lower imports from China were replaced by volumes shipped from other Asian markets. The weakest performers among the top 10 forwarders included UPS – which saw a 14.5% drop in shipments – Kerr... Read more →
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