The old saying ‘try before you buy’ could have a big influence on beauty purchases this Christmas as consumers choose the high street over online and 'fast beauty’ is being rejected by many, a survey claims.
The Bolingbrook, Illinois-based cosmetics retailer revealed on Thursday that its net sales for the third quarter totaled $2.0 billion, up 28.6% from $1.6 billion in the same period in the previous year.
Estée Lauder had some big executive announcements this week spanning its domestic US market and Asia/Pacific. But perhaps the most interesting part of the news was the fact that it’s “elevating” its Chinese market.
Coty Inc on Thursday forecast revenue growth for the next several years, after a long streak of declines, as it benefits from improving U.S. and China beauty markets and a sales rebound in airport duty-free stores.
Prestige beauty was battered badly by the pandemic but the segment is on the comeback trail as shoppers return to physical stores and the renewal of social life/office working means more demand for key categories.