L'Oreal's make-up sales are set to bounce back to pre-COVID-19 pandemic levels, the French group's new chief executive said on Friday, with women opting for brighter colours in their post-crisis makeovers.
The professional beauty supplies seller announced second-quarter sales of $926.3 million on Thursday, an increase of 6.3% from $871.0 million in the prior-year period, despite ongoing disruptions related to Covid-19.
E-tail giant Zalando swung to a profit in Q1 and is expecting general merchandise value growth of up to 36% this financial year after a stellar start to 2021 in which GMV grew as much as 55.6% to €3.2 billion.
Hugo Boss said that it's seen a solid start to the year as it revealed its first-quarter sales. Not that those sales rose. In fact they were down 8% currency-adjusted, or 10% in total to €497 million.
The Japanese cosmetics group has put a partial end to its beauty licence agreement with Dolce & Gabbana, a decision taken as Shiseido, struggling as a result of the Covid-19 crisis, intends to focus on skincare.
The cosmetics brand is partnering with the video sharing app and gaming media platform Enthusiast Gaming for the launch of TikTok Gamers Got Talent, a live series showcasing the TikTok gaming community’s skills.
Zara is diving headfirst into beauty with the launch of a complete cosmetics line conceived by British makeup artist Diane Kendal. The retailer's debut beauty offering will be available in store and online from 12 May.
Estee Lauder Cos Inc missed analysts' estimates for quarterly sales on Monday, as weak demand for its makeup products offset growth at the cosmetics maker's skincare brands, with people continuing to work from home.
Alibaba’s Taobao Live is investing more heavily in livestreaming, a step that should boost its revenues and increase pressure on other e-tailers around the world to increase their livestreaming offers.