Hardest hit looks to be skin care. Sales at brick-and-mortar are down 4 percent year-to-date through May. E-commerce, however, is helping out as online sales grew 21 percent during this time, leading to a 1 percent gain for the category overall.
Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder Companies Inc., highlighted the beauty firm’s global fiscal 2015 performance at the Barclays Global Consumer Staples Conference in Boston on Thursday, September 10. Some highlights from the presentation included insights into the company’s digital, emerging markets and travel retail strategies based on a year that ended with $10.78 billion in sales.
One of the hottest shopping websites is quickly building big buzz: wanelo.com. Standing for “WAnt, NEed, LOve” the site, founded in 2010 by Deena Varshavskaya, is a community platform where people can post, find and collect their favorite products from anywhere online.
Cosmetic Executive Women, Inc. (CEW) is a nonprofit, professional organization with more than 10,500+ members globally, both men and women, from over 3,500 companies in the beauty and retail industries.
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