Clinique Archives - Inside Retail Asia
Cosmetics giant Estee Lauder says it achieved double-digit growth last year in China and Hong Kong.
Mainland cosmetics prices are tumbling by up to 30 per cent after the government reduced taxes.
Estee Lauder Asia has achieved double-digit sales growth in Korea, Japan, Australia & Taiwan – with Hong Kong the only regional market recording a decline.
Estee Lauder is to axe between 900 and 1200 jobs as part of a move to save up to US$300 million.
China proved a standout market in the last quarter for listed luxury cosmetics business Estee Lauder, whose brands include MAC, Bobbi Brown and Clinique.
Indian retail group Shoppers Stop has reported solid growth as it continues to gradually expand its retail store network. The company reported a gross retail turnover of Rs.844.77 crore for the quarter to December 31, compared with Rs.787.49 crore in the corresponding period last year. Net Profit for the quarter stood at Rs.13.77 crore. (A conversion to USD was not available at the time of going to press). Shoppers Stop operates 321 stores in all – large format department stores, hyperstor…
Cambodians have been promised “an unforgettable shopping experience” when China Duty Free Group opens the nation’s first downtown duty free store on December 30. The 4500 sqm Angkor Duty Free store will sell a range of travel retail goods, including perfumes, cosmetics, fashion, jewellery, sunglasses, watches, liquor, tobacco, travel accessories, and confectionery. Over 200 premium and luxury brands from all over the world, including Dior, SK-II, Shiseido, Lancôme, Estée Lauder, Cl…