Percent – Page 3 – Beautifaire

27 Apr

Unilever Is Upbeat About 2023 Following 10.5 Percent Uptick

LONDON — Unilever has began the yr on a high, with underlying sales up 10.5 percent to 14.8 billion euros in the primary fiscal quarter and a positive outlook for the yr ahead. The maker of brands starting from Dove to Domestos said that sales rose 7 percent year-on-year within the three months to March 31, driven by a mixture of price and volume growth. Inflation continues to drive up input costs and sticker prices, although Unilever said it expects to see the impact soften “significantly” because the yr progresses. The corporate shouldn't be expecting cost deflation, nonetheless. For the total fiscal yr, Unilever is anticipating “strong, underlying sales growth” with an improved volume performance compared with last yr. Growth will probably be “not...

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27 Apr

Prestige Beauty Sales Grew 16 Percent In Q1 2023,

by Beautifaire101

Beauty, Featured

Prestige Beauty Sales Grew 16 Percent In Q1 2023,

Faced with mounting economic turmoil, beauty sales aren’t faltering yet. In keeping with data from Circana, prestige beauty sales reached $6.6 billion throughout the first quarter, up 16 percent from the identical period last 12 months (and so continuing 2022’s trend of double-digit increases inside each category). Mass beauty also continued to swell, ringing in $7 billion in sales — a ten percent increase versus the identical period last 12 months. Each category inside the mass channel saw double-digit dollar sales increases, aside from hair care, which grew 7 percent. It’s price noting, though, that while the expansion in prestige beauty sales has been largely on account of increasing unit sales, mass beauty sales against this grew mainly due to...

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20 Apr

Zegna Revenues Increase 13.4 Percent With Broad-based Strength

by Beautifaire101

Beauty, Featured

Zegna Revenues Increase 13.4 Percent With Broad-based Strength

Ermenegildo Zegna Group carried its momentum from last 12 months into the primary quarter, when revenues advanced 13.4 percent 428.3 million euros. The strength was broad-based across the Zegna and Thom Browne businesses. And excluding the impact of Tom Ford — where the corporate transitioned from a licensing deal to an exclusive supplier agreement — the firm’s first-quarter revenues increased 19.1 percent. Chairman and chief executive officer Gildo Zegna said: “We began 2023 with an encouraging upswing led by further reopening within the Greater China Region following COVID-19-related restrictions. We also saw robust growth across our business in the US and Europe driven by our own retail. For Zegna, growth was driven by a healthy increase in productivity, which is one in...

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7 Feb

Bain: China’s Luxury Market Contracted 10 Percent in 2022

by Beautifaire101

Beauty, Featured

Bain: China’s Luxury Market Contracted 10 Percent in 2022

LONDON — With waves of tense lockdowns and rounds of crackdowns on the tech, real estate and entertainment sectors in 2022, China’s personal luxury sales contracted for the primary time in five years, a Bain report published Tuesday revealed. The “Setting a Recent Pace for Personal Luxury Growth in China” report estimated that spending in the private luxury space in China shrank by 10 percent in 2022. Just about all luxury categories were impacted, but those with higher online penetration, similar to luxury beauty, performed higher than those with a smaller online presence. The report said the watch market saw the sharpest decline, with sales falling by 20 percent to 25 percent from 2021. Fashion and lifestyle categories saw a 15...

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