×
77 005
Fashion Jobs
VF CORPORATION
Senior Merchandising Manager
Permanent · Denver
VF CORPORATION
Senior Planning & Pricing Analyst
Permanent · Denver
VF CORPORATION
Senior Director, Global Apparel Design
Permanent · Denver
VF CORPORATION
Vice President, Creative Director
Permanent · Denver
VF CORPORATION
Senior Manager, America's Marketing Operations
Permanent · Denver
VF CORPORATION
Senior Director, Channel Marketing
Permanent · Denver
VF CORPORATION
Vice President, Marketing (Americas)
Permanent · Denver
URBN
Nuuly Operations Manager
Permanent · RAYMORE
GAP INC.
Asset Protection Coordinator - Bay Ridge
Permanent · NEW YORK
ATHLETA
General Manager -Providence Town Center (New Store)
Permanent · COLLEGEVILLE
OLD NAVY
General Manager - Arena Hub Plaza
Permanent · WILKES-BARRE
BANANA REPUBLIC
General Manager - Village Rochester
Permanent · ROCHESTER HILLS
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Matthews
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Knoxville
KOHLS
Distribution Center Operations Manager
Permanent · Corsicana
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Gilroy
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Schaumburg
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Middle River
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Springfield
NORDSTROM
Retail Stock & Fulfillment - Asos Nordstrom
Permanent · Los Angeles
NORDSTROM
sr Mgr Program Management - Supply Chain Facilities
Permanent · Cedar Rapids
NORDSTROM
Retail Stock - Marina Pacifica Rack
Permanent · Long Beach
By
AFP
Published
Apr 20, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Luxury makeover helps L'Oreal sales glow

By
AFP
Published
Apr 20, 2022

L'Oreal said Tuesday its first quarter sales jumped nearly a fifth despite headwinds from the Ukraine war and pandemic disruptions in China as the French cosmetics giant pursued its luxury strategy.


The company, which has been shifting its product portfolio towards the premium segment, said the luxury division posted the strongest sales growth of 25.1 percent - Maybelline


The 19 percent rise in sales to 9.06 billion euros ($9.8 billion) beat the analyst consensus of 8.8 billion euros established by Factset.

"Against the backdrop of the invasion of Ukraine and strengthened sanitary measures in China, L'Oreal had a strong first quarter," said chief executive Nicolas Hieronimus.

The company, which has been shifting its product portfolio towards the premium segment, said the luxury division posted the strongest sales growth of 25.1 percent.

In recent quarters the luxury division become the top-selling division for L'Oreal, and generated 3.46 billion euros in sales in the first three months of the year.

The division includes Lancome and Kiehl's as well as the beauty products of luxury brands such as Giorgio Armani, Prada, Ralph Lauren and Yves Saint Laurent.

The consumer products unit which includes the L'Oreal Paris, Maybelline New York and Garnier brands, is now in second place after recording 11.1 percent growth to 3.3 billion euros.

Hieronimus said consumer purchasing behaviour has so far been unaffected by inflation, and that its consumer products division managed double-digit growth despite supply-chain challenges that have been affecting many industries as the world economy recovers from the pandemic.

He said L'Oreal remains optimistic about the outlook for the beauty market this year and about its ability to outperform the market in 2022 with increases in sales and profits. L'Oreal posted 4.6 billion euros in net profit in 2021 on sales of 32.3 billion.

Copyright © 2023 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.