Estee Lauder Cos Inc missed analysts' estimates for quarterly sales on Monday, as weak demand for its makeup products offset growth at the cosmetics maker's skincare brands, with people continuing to work from home.
Online sales accounted for nearly a fifth of total retail turnover last year as lockdowns to combat the spread of the coronavirus pandemic fuelled a boom in e-commerce, a United Nations study released on Monday showed.
The New York-based fashion group revealed its preliminary Q4 financial results on Thursday, reporting a decrease of 28.4% in its net sales as the Covid-19 pandemic continued to take its toll on the company’s operations.
The Federation de la Haute Couture et de la Mode has released estimates revealing that collectively all its catwalk seasons in Paris so far in 2021 scored a Media Impact Value of nearly a quarter of a billion euros.
Chinese e-commerce giant Alibaba Group Holding has frozen pay raises for senior executives in 2021, and is instead giving junior staff bigger pay rises, sources said, in an effort to retain its main workforce.
Galeria Karstadt Kaufhof director Miguel Müllenbach has planned numerous discount campaigns for when lockdown regulations ease. Germany’s last department store chain may require additional aid from the state.