Some of the names on the move ahead of the open.» Read More
NEW YORK, Feb 13- Procter& Gamble Co is considering current and former executives of the world's largest household products maker as it begins the search for candidates to succeed Chairman and Chief Executive A.G. Lafley, according to sources familiar with the situation.
Feb 5- Beauty products company Estee Lauder Cos Inc forecast current-quarter profit below analysts' estimate, citing weak demand in European countries and South Korea and slowing growth in China. New York- based Estee Lauder forecast third-quarter sales growth of 10-11 percent, which translates to about $2.52 billion- $2.54 billion.
ADP's private sector jobs report and data on services sector activity could set the direction for stocks Wednesday.
Traders await Friday's jobs report and watch emerging markets to see if the selloff can be contained.
Dec 31- Revlon Inc said it would exit China, where sales of its cosmetics have been falling, and cut more than 1,000 jobs as part of a restructuring designed to save about $11 million a year. Revlon, owner of the Almay cosmetics brand and Sinful Colors nail polish, said in a filing that its Chinese operations accounted for about 2 percent of total net sales.
William Lauder, The Estee Lauder Companies executive chairman, discusses what retailers are doing to attract the international consumer this holiday season. Consumers are shopping big-time at airports, Lauder points out.
William Lauder, Estee Lauder Companies executive chairman, discusses consumer spending habits and how the cosmetics company leverages its multiple brands to bring the customers to the counter.
Fragrance sales are basically flat on the year, and experts predict they will continue their holding pattern during the holiday shopping season.
*Marc Jacobs, Michael Kors not planning on going into skin care. PARIS, Nov 18- Burberry is the latest luxury brand to eye the 28- billion-euro global skin care market but despite potentially rich pickings in Asia it faces an uphill struggle to win customer trust in a crowded market.
Nov 7- Perfume and cosmetics maker Coty Inc reported lower-than-expected quarterly results, hurt by weak demand for its fragrances and nail products in the United States, and said it expected this trend to continue in the key holiday season.
Nov 5- Michael Kors Holdings Ltd reported a higher-than-expected 40 percent jump in quarterly revenue and said it would open about 100 stores in 2014 as demand for luxury goods such as its trendy handbags and watches shows no sign of fading.
Looking ahead to the holiday season and what products are most important for consumers, with William Lauder, Estee Lauder Companies executive chairman. "We manage our business on the full-year cycle," he says.
CEO Craig Jelinek tells Cramer he wants to see Costco ‘get bigger’ in this business.
Oct 31- Avon Products Inc's quarterly sales slipped, missing forecasts and sending its shares plummeting as investors questioned whether its turnaround plan was working.
Oct 31- Avon Products Inc posted weaker-than-expected quarterly results on Thursday, on another big sales drop in North America and weakness in growing markets like Mexico and Russia, stalling the beauty company's turnaround. Revenue fell 7 percent to $2.26 billion while Wall Street analysts expected $2.44 billion, according to Thomson Reuters I/B/E/S.
Oct 31- Estee Lauder Cos Inc reported higher sales on Thursday, led by gains in its luxury products such as La Mer skin cream, that helped it overcome softness in South Korea and Southern Europe, and the beauty group maintained its full year sales forecast.
William Lauder,The Estee Lauder Companies executive chairman, discusses the latest advancements in breast cancer research.
For many brand devotees, wearing a designer's clothing or accessories isn't enough. To outfit these fans, designers debuted cosmetics in time for Fashion Week.
Some of the names on the move ahead of the open.
Uncertainty about the Fed is making stocks nervous and is adding to a growing bearishness about the market.