×
25 287
Fashion Jobs
ROSS STORES
Store Protection Specialist
Permanent · La Habra
L BRANDS
Asset Protection Officer, Morse rd (2nd Shift 3pm - 11pm)
Permanent · Columbus
BATH & BODY WORKS
sr. Manager, Carrier Strategy
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Crystal Mall
Permanent · Waterford
L BRANDS
Asset Protection Officer, Morse Crossing - 3rd Shift (11pm-7am)
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Coconut Point
Permanent · Estero
BATH & BODY WORKS
District Manager - Bath & Body Works - North Austin - Austin, tx
Permanent · Waco
VICTORIA'S SECRET
Brand Operations Manager-Valley West
Permanent · West Des Moines
L BRANDS
Asset Protection Officer, Broad st -1st Shift 7am-3pm
Permanent · Reynoldsburg
L BRANDS
Asset Protection Officer, New York City
Permanent · New York
BATH & BODY WORKS
Senior HR Generalist - Home Office
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-White Marsh
Permanent · Baltimore
VICTORIA'S SECRET
Asset Protection Investigator, Victoria's Secret (Southland Mall - Hayward, ca)
Permanent · Sacramento
PINK
Brand Operations Manager-Solano
Permanent · Fairfield
VICTORIA'S SECRET
Product Owner
Permanent · Reynoldsburg
ESTÉE LAUDER COMPANIES
Manager, Creative Operations, Creative Content Hub, North America
Permanent · New York
ESTÉE LAUDER
Director, Ecommerce, North America - dr.Jart+
Permanent · New York
JCPENNEY
Product Manager - Site Management Tools & Cms
Permanent · Plano
JCPENNEY
Financial Planning Senior Analyst - Stores Finance
Permanent · Plano
JCPENNEY
Central Investigations, Crisis Response / Remote Monitoring Technician - Asset Protection
Permanent · Plano
FOOT LOCKER
Senior Product Manager (Membership)
Permanent · Chicago
FOOT LOCKER
Security Guard
Permanent · New York
Published
Jan 30, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Unilever growth slows but prestige beauty still strong

Published
Jan 30, 2020

Unilever’s 2019 results on Thursday showed that the consumer products giant is continuing to grow, but not as fast as it would like to and that its beauty ops suffered from the same slowdown.


Unilever/Living Proof



Group underlying sales growth was just 2.9% while turnover rose 2% to €52 billion. Underlying EBITDA rose to €11.911 billion from €11.471 billion.

At the massive Beauty & Personal Care unit, the company said underlying sales grew 2.6% (clearly lagging the group’s overall growth) to €21.9 billion, with 1.7% coming from volume expansion and just 0.9% from price rises. But the growth figure in Q4 was only a rise of 0.5% to €5.6 billion and while volumes grew, prices dipped slightly. But the full-year underlying operating margin increased by 70bps, reflecting lower overheads and brand and marketing efficiencies as a result of its zero-based-budgeting programme.

By product unit, the prestige brands that have had a bigger presence in the portfolio in recent years continued to deliver double-digit growth, with “strong performances” from brands such as Dermalogica, Hourglass and Living Proof. It also added to its prestige portfolio in the year by acquiring Garancia, a French derma-cosmetic brand, and Tatcha, a “modern skincare brand rooted in classical Kyoto rituals”.  

Growth in skin cleansing was held back by price reductions as a result of lower commodity costs, but star brand Dove's growth “was supported by microbiome-friendly innovations”. 

Meanwhile, in skincare, Pond's and Vaseline “continued to perform well, with on-trend innovations such as Pond's Glow Up cream”. The company also expanded into new markets with its Simple brand, which is now in 30 countries, including Turkey and the Gulf region. 

However, the company said growth was weak in haircare with “high competitive intensity in the growth hotspot of the US”. And in China there was “continued pressure from local players”. 

And deodorants delivered broad-based growth, supported by double-digit rises from Dove. It also saw good performance from its Rexona Clinical range, with patented anti-perspirant technology, as well as Dove's zero aluminium range.

Copyright © 2021 FashionNetwork.com All rights reserved.