NEW YORK— Target reported a 3.2 percent rise in its third-quarter profit, beating Wall Street expectations as shoppers spent more on beauty products and back-to-school fashions. Last year, Target had a solid start to the shopping season but a data breach disclosed a week before Christmas sent customers fleeing for months and hurt sales and profits.» Read More
WASHINGTON— Hoping to build off recent bans in Europe and India, opponents of animal testing for cosmetics plan to make a big push for a similar prohibition in the United States. The effort could be a tough sell in a Republican-controlled Congress. Virginia Democrat Don Beyer is expected to take the lead on the issue when the new Congress convenes next January.
Happy "Movember!" Shaving company Harry's is the official shave partner for The Movember Foundation. Its co-founders and co-CEOs Andy Katz-Mayfield, and Jeff Raider, speak to "Squawk Box" about its new products.
Nov 7- Estee Lauder Cos Inc bought French luxury perfume brand Editions de Parfums Frédéric Malle, its third acquisition in less than a month as the company looks to boost its portfolio of high-end luxury perfumes and skin care brands. The Frédéric Malle fragrances, which cost upwards of $150, are sold through five standalone stores in Paris and New York.
Oct 30- Beauty products maker Elizabeth Arden Inc posted its third straight quarterly loss, largely due to its large exposure to perfumes, a category that has seen weak demand in North America. Elizabeth Arden had announced an annual cost saving target of $40- $50 million and the company said it had made significant overhead cost reduction during the first...
Oct 30- Beauty products maker Elizabeth Arden Inc reported a quarterly loss for the third time in a row as sales of perfumes, its largest business, continued to decline. The U.S. cosmetics maker, which has been struggling with weak sales for the past year, said revenue from its North American business fell 23 percent due to weak demand for celebrity fragrances and...
Oct 30- Beauty products maker Elizabeth Arden Inc posted a quarterly loss for the third time in a row as sales fell by more than a fifth. The net loss attributable to shareholders was $25.4 million, or $1.54 per share, in the first quarter ended Sept. 30, down from a net profit of $1.7 million, or 6 cents per share, a year earlier. Revenue fell 21.3 percent to $270.4 million...
Oct 21- Kleenex and Huggies maker Kimberly-Clark Corp said it would cut 1,100 to 1,300 jobs as it focuses on emerging markets after the spinoff of its U.S.-based healthcare business. The company also cut its full-year profit forecast to reflect costs associated with the spinoff, while reporting better-than-expected quarterly revenue on strong demand in...
Oct 21- Personal care products maker Kimberly-Clark Corp said it would cut 1,100 to 1,300 jobs as part of a restructuring to contain costs arising from the spinoff of its healthcare business. Kimberly-Clark said it expects the restructuring, to be completed by the end of 2016, to cost $130 to $160 million after-tax and generate pre-tax savings of $120 to $140...
Oct 21- Personal care products maker Kimberly-Clark Corp reported a 3.4 percent rise in quarterly revenue, helped by strong sales in international markets such as Brazil, China, South Africa and Vietnam. The maker of Kleenex tissues and Huggies diapers said net income attributable to the company rose to $562 million, or $1.50 per share, in the quarter ended Sept....
*Coty agrees to buy Bourjois from Chanel. *To pay for Bourjois with 15 Class A Coty shares. PARIS, Oct 7- US cosmetics group Coty said on Tuesday it had made a binding offer to buy French make-up brand Bourjois from Chanel and give the family-owned French luxury company a stake in Coty worth an estimated $240 million.
Sept 29- Perfume and cosmetics maker Coty Inc said Chief Executive Michele Scannavini had stepped down for personal reasons, sending the company's shares down as much as 3 percent.
CARACAS, Sept 26- Venezuela's famed models and aspiring beauty queens are struggling to doll themselves up as shortages turn eye shadow and breast implants into coveted luxuries. "I exhaust myself visiting pharmacies, I look everywhere for makeup," said Ileanne Davila, a 19 year-old civil engineering student and model.
FRANKFURT, Sept 11- German books-to-cosmetics retailer Douglas has asked for second-round bids for its Christ jewellery arm in a potential deal worth more than 400 million euros, two sources familiar with the deal said. By comparison, listed peer Signet Jewelers, which is not vying for the asset, trades at a multiple of 11.7 times its expected operating earnings.
Aug 19- Elizabeth Arden Inc reported the biggest quarterly loss in its history due to a steeper-than-anticipated fall in sales of celebrity perfumes, particularly Justin Bieber and Taylor Swift brands.
Aug 19- Elizabeth Arden Inc reported a wider loss due to a steeper-than-anticipated fall in sales of celebrity perfumes, particularly Justin Bieber and Taylor Swift brands. The net loss attributable to Elizabeth Arden widened to $155.9 million, or $5.24 per share, in the fourth quarter ended June 30, from $5.0 million, or 17 cents per share, a year earlier.
Aug 15- Estee Lauder Cos Inc's quarterly profit doubled, helped by strong demand for new skincare and makeup products and as retailers brought forward orders ahead of a planned technology upgrade. Estee Lauder's sales have been growing faster than those of the overall cosmetics industry and of rivals such as L'Oreal SA, Elizabeth Arden Inc and Coty Inc..
Aug 15- Estee Lauder Cos Inc's quarterly profit more than doubled due to strong demand for its skincare and makeup products, including those under Clinique and MAC brands. Net income attributable to the company rose to $257.7 million, or 66 cents per share, in the fourth quarter ended June 30 from $94 million, or 22 cents per share, a year earlier.
FRANKFURT, Aug 7- Nivea skin cream maker Beiersdorf reported lower-than- expected quarterly results and struck a slightly more cautious approach for its full year outlook as growth in once promising emerging markets stuttered.
July 31- Avon Products Inc, a direct seller of beauty products, reported a 40 percent fall in quarterly profit as sales were hurt by increased competition in key markets such as Latin America and the United States.
*Keeps full-year adj profit forecast of $7- $7.25/ share. July 30- Energizer Holdings Inc said it intends to spin off by next July its struggling household products business, which includes Energizer and Eveready batteries.