Beauty Products Industry Showing Remarkable Growth
04 April 2012 - 10:20PM
Marketwired
Companies in the Beauty Industry have been on an impressive run as
of late. With the U.S. economy showing continued signs of growth,
beauty sales in the U.S. have shown remarkable growth compared to
previous years. Five Star Equities examines the outlook for
companies in the Beauty Products Industry and provides equity
research on Avon Products, Inc. (NYSE: AVP) and The Estée Lauder
Companies Inc. (NYSE: EL).
Access to the full company reports can be found at:
www.fivestarequities.com/AVP www.fivestarequities.com/EL
According to a research report by The NPD Group, Inc. prestige
beauty sales in the U.S. grew from $8.6 billion in 2010, to 9.5
million in 2011. Categories across the board; beauty, fragrance,
skincare, and makeup all surpassed pre-recession levels. "In the 15
years that NPD has been tracking the prestige beauty industry, we
have never seen growth like this -- especially across all
categories, "said Karen Grant, vice president and senior global
industry analyst, The NPD Group.
Five Star Equities releases regular market updates on the Beauty
Products Industry so investors can stay ahead of the crowd and make
the best investment decisions to maximize their returns. Take a few
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Avon Products Inc. rejected a $10 billion bid from Coty Inc.
Monday. Coty and Avon began talks of a potential merger a few
months ago with Avon buying Coty in exchange for shares in the
company. When no offer came Coty made an offer, Coty Chairman Bart
Becht said in a recent interview.
The Estée Lauder Companies Inc. reported a strong financial
performance for its second quarter ended December 31, 2011, which
was slightly ahead of the top of its previously stated guidance.
For the quarter, the Company had net sales of $2.74 billion, a 10%
increase compared with $2.49 billion reported in the prior-year
quarter. Excluding the impact of foreign currency translation, net
sales also increased 10%.
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