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Consumer Staples Household and Personal Products

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  • Aug 17- Cosmetics maker Estee Lauder Cos Inc reported lower-than-expected quarterly sales, hurt by less demand for Clinique and Estee Lauder skin care products and a stronger dollar. Shares of Estee Lauder, which also makes M.A.C and Bobbi Brown makeup products, fell 2 percent to $86.85 in premarket trading on Monday. Net income attributable to Estee Lauder...

  • Estee Lauder sales fall first time in 3 qtrs Monday, 17 Aug 2015 | 7:38 AM ET

    Aug 17- Cosmetics maker Estee Lauder Cos Inc's net sales fell for the first time in three quarters, hurt by a stronger dollar and less demand for Clinique and Estee Lauder skin care products. Net income attributable to Estee Lauder fell to $153.0 million, or 40 cents per share, in the fourth quarter ended June 30, from $257.7 million, or 66 cents per share, a year earlier.

  • Aug 14- J.C. Penney Co Inc reported a smaller-than-expected quarterly loss, helped by demand for home goods and high-end Sephora beauty products, indicating that the department store operator's turnaround efforts were starting to pay off. J.C. Penney has been increasing the number of stores run by popular beauty brand Sephora- owned by luxury giant LVMH- within...

  • Aug 14- J.C. Penney Co Inc reported a smaller-than-expected quarterly loss, helped by demand for home goods and high-end Sephora beauty products, indicating that the department store operator's turnaround efforts were starting to pay off. The stores, opened following pressure from activist investor Bill Ackman during J.C. Penney's ill-fated attempt to go...

  • Aug 14- Department store operator J.C. Penney Co Inc reported a smaller-than-expected quarterly loss, helped by higher sales of home goods, fine jewelry and Sephora beauty products. J.C. Penney has been increasing the number of stores run by popular beauty brand Sephora, which is owned by luxury goods maker LVMH, within its stores to attract shoppers.

  • Shoemaker Alpargatas SA, cosmetics firm Natura SA and tobacco producer Souza Cruz SA all relied on surging revenue abroad last quarter to offset flat or slipping Brazilian sales. Their success bolsters hopes that Brazil can diversify beyond the raw materials that now dominate exports, restoring manufacturing competitiveness and opening one of the...

  • Aug 13- Coty Inc reported higher-than-expected sales for the first time in five quarters as strong demand for its Sally Hansen nail products and Rimmel cosmetics more than made up for declining sales of its perfumes. The efforts seem to be paying off, with cosmetics replacing fragrances as Coty's biggest business by revenue in the fourth quarter.

  • Aug 13- Coty Inc reported higher-than-expected sales and profit for the first time in five quarters as strong demand for its Sally Hansen nail products and Rimmel cosmetics more than made up for declining sales of its perfumes. The efforts seem to be paying off, with cosmetics replacing fragrances as Coty's biggest business by revenue in the fourth quarter.

  • Aug 13- Coty Inc reported higher-than-expected quarterly sales and profit as demand rose for its Sally Hansen nail products and Rimmel cosmetics, and the company announced a $700 million share buyback program. Coty, which also makes perfumes for brands such as Calvin Klein, Marc Jacobs and philosophy, raised its annual savings target by $70 million to $270...

  • FRANKFURT, Aug 5- Nivea cream maker Beiersdorf expects higher prices and new products to boost sales towards the end of the year, after slow business in its important Western European markets held back sales growth in the first half. The world's second-biggest skincare products maker has gradually increased prices for its creams, shower gels and deodorants...

  • FRANKFURT, Aug 5- Beiersdorf reported better than expected profits on Wednesday, thanks to rising sales of its Nivea and Eucerin skin creams, the weaker euro and lower costs, and said sales growth should accelerate in the second half, lifting its share price. "Even though CEO Heidenreich's dynamic strategy/push for top-line growth seems to be failing... we expect...

  • UPDATE 2-L'Oreal says sales growth to accelerate in H2 Thursday, 30 Jul 2015 | 2:03 PM ET

    PARIS, July 30- French cosmetics group L'Oreal sees sales growth accelerating in the second half as demand in Western Europe and the United States improves. "We believe that the market will be comforted by the improvement in the two developed regions," UBS said in a note, referring to the United States and Western Europe. But Chief Executive Jean-Paul Agon told Le...

  • Procter & Gamble sales fall for sixth straight quarter Thursday, 30 Jul 2015 | 7:08 AM ET

    July 30- Procter& Gamble Co, the world's largest consumer products maker, reported its sixth straight fall in quarterly sales, as it continued to be weighed down by a stronger dollar that stripped the value of overseas sales. The company's net income fell 80 percent to $521 million, or 18 cents per share, in the fourth quarter ended June 30, the maker of Tide detergent...

  • P&G says David Taylor to replace A.G. Lafley as CEO Tuesday, 28 Jul 2015 | 5:51 PM ET

    July 28- Procter& Gamble Co veteran David Taylor will replace A.G. Lafley as chief executive in a widely expected move that coincides with a massive overhaul at the world's largest household products maker. To rejuvenate growth, P&G has been streamlining its business and earlier this month said it would sell more than 40 brands to perfume maker Coty Inc for $12.5...

  • LONDON, July 27- British consumer goods maker Reckitt Benckiser increased its full-year net revenue and margin targets on Monday, after posting a better-than-expected second quarter performance. The maker of Durex condoms, dettol disinfectant and nurofen painkillers, said that in the six months to June 30 sales rose 5 percent on a like-for-like basis, which...

  • LONDON, July 23- Unilever expects a recent series of beauty deals to give its performance extra lustre while consumer demand remains weak for staple products from soup to soap. The wisdom of the transition was evident on Thursday when Unilever reported better-than-expected second-quarter sales, fueled by gains of 3.3 percent and 5.9 percent for its personal...

  • NEW YORK, July 20- New York political leaders on Monday renewed their push to outlaw microbeads, the personal care plastic additives blamed for polluting waterways, and urged a statewide ban even as Congress considers prohibiting them across the nation. At least seven states, including Illinois, New Jersey and Wisconsin, have banned the beads, found in...

  • PARIS, July 16- Coty Inc's boss Bart Becht believes he is the right man to run what will become the world's biggest perfume maker, despite industry doubts over its planned mega-merger and faltering sales at the beauty products group. With Coty due to gobble up Procter& Gamble's beauty business for $12.5 billion, Becht has no intention of seeking anyone else to lead...

  • UPDATE 3-Coty buying P&G beauty business for $12.5 bln Thursday, 9 Jul 2015 | 4:16 PM ET

    July 9- Coty Inc, the U.S. maker of Calvin Klein and Chloe perfume, will buy Procter& Gamble's perfume, hair care and make-up businesses for $12.5 billion in the biggest cosmetics merger in recent history. Coty would become the No. 1 perfume maker ahead of L'Oreal and No. 3 make-up provider behind its French rival and Estee Lauder. "We are getting critical mass around the...

  • The combined company is expected to have annual revenue of more than $10 billion- double Coty's turnover- and will be led by Coty CEO Bart Becht. JAB Cosmetics B.V., which owns 97 percent of Coty's Class B shares, is in favor of the deal, Coty said. Coty said the deal valued the P&G Beauty Business at $12.5 billion at the time of the proposal, based on the number of Coty basic...