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P&G Flags Sharp U.S. Category Declines as Consumer Weakness Weighs on Q2 Outlook
THE WHAT? Procter & Gamble has cautioned that U.S. sales across key categories it competes in fell significantly in October and are expected to show similar declines for November, signalling pressure on consumer spending ahead of the holiday period. THE DETAILS Speaking at a Morgan Stanley conference, P&G CFO Andre Schulten reported that category…
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Ulta Beauty Reports Q3 FY2025 Results; Raises Full-Year Outlook
THE WHAT? Ulta Beauty reported third quarter fiscal 2025 results showing growth in net sales, comparable sales, and gross profit, while reaffirming expansion plans and increasing full-year guidance. THE DETAILS Net sales rose 12.9% to US$2.9 billion, driven by stronger comparable sales, the Space NK acquisition, and new store growth. Comparable sales increased 6.3%,…
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L’Oréal Signals Imminent Work on Potential Armani Stake Following Heir Instructions
THE WHAT? L’Oréal has confirmed it will begin work “very soon” on evaluating a potential investment in Giorgio Armani, following new instructions from the late designer’s will outlining a phased sale or listing of the fashion house. THE DETAILS Speaking at a fireside chat with analysts, L’Oréal CFO Christophe Babule said the beauty group…
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Hong Kong Retail Sales Post Sixth Consecutive Month of Growth as October Hits New High
THE WHAT? Hong Kong’s retail sector recorded its sixth straight month of year-on-year growth in October, rising 6.9% to HK$35.2 billion (US$4.5 billion), the strongest monthly increase in half a year. THE DETAILS According to the Census and Statistics Department, October delivered the strongest monthly retail performance in half a year, supported by firmer…
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Macy’s Lifts 2025 Outlook as Q3 Beats Expectations; Bluemercury Maintains Growth Streak
THE WHAT? Macy’s, Inc. delivered stronger-than-expected Q3 2025 results, reporting its highest comparable sales growth in 13 quarters and lifting full-year guidance — including updated Core Adjusted EBITDA expectations of 7.5% to 7.7%, correcting the prior figure of 7.5% to 7.8%. THE DETAILS Macy’s, Inc. posted Q3 net sales of US$4.7 billion, surpassing internal…
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Estée Lauder Restructuring Costs Hit US$1.14 Billion as Workforce Cuts Accelerate
THE WHAT? Estée Lauder’s restructuring charges have reached US$1.14 billion as the company reduces headcount and consolidates operations. THE DETAILS In a new SEC filing, the group confirmed an additional US$285 million in charges since late October tied to streamlining efforts, including service-provider consolidation and standardised business processes. The multiyear programme follows earlier plans…
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Amazon to Expand Lending Operations in India Through Axio Acquisition
THE WHAT? Amazon is preparing to expand its lending footprint in India, with plans to offer small-business credit and additional financial products through Axio, the non-bank lender it acquired earlier this year. THE DETAILS Axio—currently focused on BNPL and personal loans—will resume lending to small businesses and introduce cash-management tools aimed at improving merchant…
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Costco Joins Legal Push for Tariff Refund Eligibility as Supreme Court Reviews Trump Trade Policy
THE WHAT? Costco has filed a lawsuit to secure eligibility for tariff refunds should the US Supreme Court overturn President Trump’s global tariff strategy, becoming one of the largest retailers to challenge the administration’s use of emergency economic powers. THE DETAILS The complaint, filed on 28 November in the US Court of International Trade,…
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Dubai Duty Free Posts Record November with Strong Gains in Fragrance Sales
THE WHAT? Dubai Duty Free reported its highest-ever monthly revenue in November 2025, with fragrances leading category growth as part of the retailer’s record AED876.56m (US$240.16m) performance. THE DETAILS Fragrances remained Dubai Duty Free’s top category, generating AED160.58m in November—up +13.29% year-on-year—supported by newness, exclusives and strong traveller demand. The category’s momentum contributed significantly…
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French Manufacturing Contracts Again in November as PMI Falls to 47.8
France’s manufacturing sector contracted further in November, with the latest PMI showing continued declines in production and demand. The post French Manufacturing Contracts Again in November as PMI Falls to 47.8 appeared first on Global Cosmetics News.