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Tag: Estee Lauder Companies Inc

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

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How department stores lost their clout in the beauty industry

Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images In the beauty business, there’s been a changing of the guard over the past decade. Social media has bolstered the success of specialty stores and cultivated a number of billion-dollar upstart beauty brands that are going …

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4 lessons learned by iconic brand in the digital era

Being agile enables organizations to quickly pivot in an ever-changing landscape. In the prestige beauty industry, agility allows us to rapidly respond to quick shifts in consumer demand and create new experiences for our consumers to better engage with our brands. Given the growing trend of personalization and customization, we leverage many different technologies to …

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More US retailers to participate in Alibaba’s Singles’ Day this year

Alibaba‘s annual e-commerce extravaganza is about to begin. And as the Chinese retail giant has courted more brands to participate, retailers around the world are bracing for the biggest shopping event of the year. Alibaba’s Singles’ Day debuted on Nov. 11, 2009, as a day for those people not in romantic relationships to celebrate themselves …

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Altria, Bristol-Myers Squibb, Generac, Apple and more

Check out the companies making headlines before the bell: Altria (MO) – The tobacco producer beat estimates by 4 cents with adjusted quarterly profit of $1.19 per share, 4 cents above estimates, with revenue also beating forecasts. Altria also took a $4.5 billion writedown on its investment in e-cigarette maker Juul, on the possibility of …

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Estee Lauder downgraded by Piper Jaffray

A sales assistant arranges lipsticks at an Estee Lauder store. Qilai Shen | Bloomberg | Getty Images Estee Lauder was downgraded from overweight to neutral by Piper Jaffray, who says teenagers are wearing less makeup and changing their shopping habits. Cosmetic sales are soft due to a combination of beauty categories like skincare and hair …

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Birchbox CEO is looking beyond beauty connoisseurs for growth

Back in 2010, Birchbox CEO Katia Beauchamp and her co-founder Hayley Barna were having a hard time convincing brands to join their newly formed subscription service — offering five to six curated beauty products for a flat monthly fee. The customer base was not yet there and the business model untested. “The story I always remember …

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