Estee Lauder topped expectations for quarterly profit on Wednesday but investors were worried about slowing U.S. sales as fewer shoppers visit department stores where the company sells a bulk of its products.
Google routinely fields product queries from millions of shoppers. Now it wants to take a cut of their purchases, and is teaming up with retailers including Target, Walmart, Home Depot, Costco and Ulta Beauty .
The US subsidiary of Italian cosmetics company Kiko filed for Chapter 11 bankruptcy last Thursday, and will be closing almost all of its remaining stores. The brand has blamed weak sales for its recent struggles.
The tech giant has compiled a list of ‘Styles and trends', revealing that the top search was for ‘Beauty Blender', the makeup sponge applicator that has become a must-have cosmetics tool over recent years.
Beauty specialty retailer Ulta Beauty reported on Thursday another positive third quarter that included a net income increase of 19.5 percent to $104.6 million despite its core makeup category slowing down.