Travel retail boosts Estée Lauder Companies
Beauty group The Estée Lauder Companies has reported double-digit sales growth in global travel retail for the second quarter of its latest fiscal year.
This was generated by launch initiatives, global airline passenger traffic growth and new consumer coverage, the company says.
Its Aveda, Jo Malone, La Mer, MAC and Tom Ford brands “contributed sharply” to the sales gains.
An overall increase in make-up sales came partly through a broadening of the brands’ presence in travel retail, says the group.
Total net sales of US$3.21 billion were achieved in the second quarter, a 3 per cent year-on-year increase.