The global beauty tools market is projected to grow at approximately 5% from 2022 to 2030, driven by increasing consumer awareness of personal care and the demand for innovative, eco-friendly products. The skin and personal care segment is expected to see significant growth, alongside a notable rise in offline distribution channels as consumers prefer in-store experiences. North America is anticipated to lead this growth, influenced by rising disposable incomes and the popularity of technologically advanced beauty tools.
Estée Lauder Companies Inc. is a leading global cosmetics group, offering a diverse range of products under various brands, including Estée Lauder, Clinique, and M-A-C. As of June 2021, net sales are primarily from skin care (58.4%), followed by make-up (25.9%) and perfumes (11.9%), with distribution across approximately 1,600 points of sale worldwide. Geographically, sales are split among America (23.4%), Europe/Middle East/Africa (42.8%), and Asia/Pacific (33.8%).
Estée Lauder Companies Inc. is a leading global cosmetics group, offering a diverse range of products under various brands, including Estée Lauder, Clinique, and M-A-C. As of June 2021, net sales are primarily from skin care (58.4%), followed by make-up (25.9%) and perfumes (11.9%), with distribution across approximately 1,600 points of sale worldwide. Geographically, sales are split among America (23.4%), Europe/Middle East/Africa (42.8%), and Asia/Pacific (33.8%).
The SMI is up in pre-market trading, while Wall Street faces pressure following disappointing tech results. Estee Lauder's shares have plummeted due to weak business in China, despite a rise in the Caixin/S&P Global PMI for manufacturing, indicating a slow economic recovery. Economists suggest that achieving China's 2024 growth target hinges on boosting consumer demand and household disposable income. The Shanghai Stock Exchange rose 0.6%, with major companies in Shanghai and Shenzhen gaining 0.9%.
Estée Lauder's family members are stepping down from daily management roles, marking the first time in 75 years that the company will operate without a family member in leadership. This change comes as shares plummeted following the withdrawal of fiscal guidance due to uncertainties in China and leadership transitions. The company has faced ongoing challenges, leading to repeated guidance cuts that have raised concerns among investors about executive oversight.
Estée Lauder has withdrawn its 2025 financial guidance due to uncertainty surrounding a new CEO and disappointing demand for its products in China. As a result, the company's shares plummeted 13% in premarket trading, contributing to a 40% decline this year, in stark contrast to a 22% rise in the S&P 500.
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