Estee Lauder Cos Inc cut its full-year profit forecast on Tuesday as fresh COVID-19 curbs in China and the suspension of operations in Russia following the invasion of Ukraine dent the cosmetics maker's sales.
Nike Inc said on Thursday it would temporarily close all its stores in Russia, joining a slew of Western brands that have suspended their businesses in the country following Moscow's invasion of Ukraine.
CoverGirl parent Coty Inc on Tuesday raised its profit expectations for the year, as the cosmetics major's focus on high-margin skincare products cushions the effect of higher costs from supply chain disruptions.
Cosmetics maker Estee Lauder Cos Inc raised its full-year revenue and profit forecasts on Thursday, betting on strong demand for its skincare and fragrance products in Western markets such as North America.
H&M Group issued its Q4 and full-year sales report Wednesday and while it was fairly short on detail — as is usual — it did show that sales are continuing to recover and heading back to pre-pandemic levels.
Coty forecast annual earnings largely above estimates on Monday, as the cosmetics maker benefits from cost cuts to ward off inflation impacts and a revival in demand for its products at airport duty-free stores.
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.
To celebrate Pride Month, several labels have decided to pay tribute to the LGBTQ+ community with collections festooned with the colours of the rainbow. Among them Puma, Victoria Beckham, Balenciaga and Ralph Lauren.