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 →
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