L’Oréal’s Online Makeup Sales Rose in China in February | News & Analysis

L’Oréal’s Online Makeup Sales Rose in China in February |

 

PARIS, France — On-line sales of L’Oréal make-up and skincare products had picked up in China in February and have been even stronger than a calendar year previously, Main Executive Jean-Paul Agon claimed on Friday.

China is the Maybelline and Lancôme maker’s solitary-largest industry, and like rivals in the luxurious products marketplace, L’Oréal is bracing for a strike on demand from customers owing to the coronavirus health and fitness disaster as shops shut down and Chinese shoppers face vacation bans.

L’Oréal has so considerably offset some missing business by e-commerce gross sales, Agon explained, incorporating that platforms like Alibaba and JD.com appeared to be “getting remedies” to counter supply problems in some parts of China.

“Even in February (on the net) income were being truly fantastic,” Agon stated at the CAGNY customer analyst meeting in Florida. “Gross sales of beauty goods on e-commerce web-sites are more powerful than final year.”

By Sarah White editor: GV De Clercq.

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