Estee Lauder Inc CEO: Ecommerce sales growing across brands and regions worldwide - conf call
- Expect retail sales growth to outpace travel sales through the rest of the FY
- Increasing emerging market retail stores to improve growth in those regions, opening 50 stores worlwide
- Heritage markets performed well despite the shorter holiday selling season
- Japan's economic strength reflected improved sales in the region
- Emerging markets continue growing by double digits (local currency), primarily in online sales of the Clinique brand
- China prestige growth solid; slowdown concentrated in Tier 1 cities with smaller cities still seeing strong growth as EL brands maintained leading sales positions in prestige sales
- Increasing emerging market retail stores to improve growth in those regions, opening 50 stores worlwide
- Heritage markets performed well despite the shorter holiday selling season
- Japan's economic strength reflected improved sales in the region
- Emerging markets continue growing by double digits (local currency), primarily in online sales of the Clinique brand
- China prestige growth solid; slowdown concentrated in Tier 1 cities with smaller cities still seeing strong growth as EL brands maintained leading sales positions in prestige sales