The NYC-based beauty company reported a significant narrowing of Q3 net losses on Friday, thanks to cost-cutting measures which compensated for faltering sales and are soon to be expanded through a new optimization plan.
Beauty products maker Coty Inc missed revenue estimates for the second consecutive quarter on Wednesday, as hurricane Florence in the United States disrupted supplies of its luxury products to retailers.
The beauty brand has announced that its net sales in Q3 totaled $63.9 million, topping analysts’ estimates of $60 million and sending the company’s shares up more than 20% in the extended session on Monday.
Beauty and skincare retailer Glossier announced it will open its first flagship store in New York City at 123 Lafayette Street, the same location as its debut beauty showroom. Doors open on November 8.
Estée Lauder dismissed fears of a slowdown in China as its quarterly results beat Wall Street estimates on Wednesday on booming demand for cosmetics and high-end skincare products in the Asian country.
Built in partnership with Techkon, the app will use a phone camera and a calibration card exclusively available to Avon representatives to help customers choose the right foundation for their skin tone.