Source: PYMNTS

Estee Lauder: Estee Lauder Feels Bite From Reduced Retail Inventory

Cosmetics giant Estee Lauder said Wednesday (Nov. 2) a reduction in the level of makeup, skin and hair care products that retailers are willing to hold on their shelves and in warehouses led to an 11% drop in worldwide sales last quarter as well as a reduced forecast for the coming months. The update came [...]

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Fabrizio Freda's photo - President & CEO of Estee Lauder

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Fabrizio Freda

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