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Fashion Jobs
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
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Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
Permanent · Bengaluru
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
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Customer Sales Executive (Female)
Permanent · NEW DELHI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
NIKE
Senior Technical Program Manager, Sec – Dtpo
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
NIKE
Service Delivery Manager, Sap & Omdl (Order Management & Delivery) – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, Batch & bi – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, HR/Finance & Payroll – Tech Ops
Permanent · Bengaluru
By
Reuters
Published
Nov 2, 2021
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Estee Lauder cuts annual sales forecast on supply chain, Delta hit

By
Reuters
Published
Nov 2, 2021

Estee Lauder Cos Inc cut its full-year sales forecast on Tuesday, as the cosmetics maker grapples with industry-wide supply chain problems and takes a hit from the resurgence of COVID-19 cases in its key markets.


Photo: La Mer



The company's shares were down 2.2% in premarket trade, as renewed restrictions due to the Delta variant in some Eastern markets as well as in parts of Europe and Latin America dampened demand for the M.A.C brand owner's lipsticks and foundations in the first quarter.

Estee said its makeup category was the only segment yet to reach 2019 levels and added that traffic at its stores that were open also had not breached pre-pandemic levels.

Adding to Estee's woes, a global supply chain crunch resulting from port congestions and a shortage of labor has led to delays in transportation, and is expected to add to its expenses through the rest of fiscal 2022.

However, the La Mer beauty products maker said it would increase prices, use air freight and less congested ports in its effort to offset the impact.

The Clinique cosmetics maker now expects net sales to rise between 12% and 15% in fiscal 2022, down from its prior estimate of a 13% to 16% increase.

Still, Estee's first-quarter revenue and profit beat Wall Street expectations, boosted by strength in its La Mer and Clinique skin care brands as shoppers kept up their nighttime routines even as restrictions eased.

The New York-based company's net sales rose to $4.39 billion in the first quarter, from $3.56 billion a year earlier. Analysts on average had expected sales of $4.25 billion, according to IBES data from Refinitiv.

On an adjusted basis, the company earned $1.89 per share, beating estimates of $1.70.

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