Breaking News

Sales Drop at L’Oreal

April 14, 2014

Q1 report shows decline in US mass market.

For the first quarter of 2014, L'Oreal posted a 2.2 percent decline in sales to 5.64 billion euros ($7.8 billion). According to reports, demand for mass market products are slipping for the international company.
 
According to Jean-Paul Agon, chairman and CEO of L'Oréal, the divisions have posted contrasted performances. L’Oréal Luxe and the Active Cosmetics Division are maintaining a “very good momentum.” The Professional Products Division is confirming its recovery and has returned to growth in Western Europe and the US. 
 
“Lastly, the Consumer Products Division is, as we had forecast and announced, being held back by North America, because of a high comparison base in the first quarter of 2013, linked to two major launches, and a sluggish trend in the mass-market channel over the first few months of the year,” summed up Agon. 
 
In geographic terms, Western Europe, L’Oréal’s historic foothold, is confirming its renewed vitality, particularly in the countries of Southern Europe, which are in growth for the first time in six years, but also in countries such as Germany, where the Group has posted a good performance. In the New Markets, L’Oréal is recording good growth, particularly in Africa, Middle East and in Latin America.
 
  • It’s Magic!

    It’s Magic!

    Melissa Meisel, Associate Editor||March 20, 2017
    Argan oil-infused ‘Moroccan’ lip care brand jumps from WholeFoods into CVS.

  • On the Cutler Edge

    On the Cutler Edge

    Melissa Meisel, Associate Editor||March 13, 2017
    Top brand source at Redken forecasts up-to-the-minute hair trends.

  • Take The Hint

    Take The Hint

    Christine Esposito, Associate Editor||March 13, 2017
    Water brand forays into sun protection by capitalizing on scent and experience.

  • Supply-Side Innovations

    Supply-Side Innovations

    Tom Branna, Editorial Director||March 1, 2017
    Raw material suppliers roll up their sleeves and roll out their new products for the global cleaning industry.

  • New Faces in Familiar Places

    New Faces in Familiar Places

    Tom Branna, Editorial Director||March 1, 2017
    The American Cleaning Institute officially welcomed its new president.

  • Special Delivery

    Special Delivery

    Tom Branna, Editorial Director||March 1, 2017
    UV protection is important, but what good is that sunscreen if consumers won’t apply it?