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BRIEF-‍Estee Lauder CEO says In quarter passenger traffic grew high single digits - conf call‍​
August 18, 2017 / 3:59 PM / a month ago

BRIEF-‍Estee Lauder CEO says In quarter passenger traffic grew high single digits - conf call‍​

Aug 18 (Reuters) - Estee Lauder Companies Inc

* ‍Estee Lauder CEO - Biggest challenge has been in some U.S. brick-and-mortar department stores, which are struggling from falling foot traffic

* Estee Lauder CEO - Trend of consumers shifting shopping preferences by channel accelerated, resulting in declining traffic in some U.S. brick-and-mortar stores ‍​

* ‍Estee Lauder CEO - In quarter passenger traffic grew high single digits, and resurgence of chinese tourists helps drive our strong performance - conf call​

* ‍Estee Lauder CEO says China business “accelerated” throughout the year, delivering growth of more than 40% in Q4 and 19% for the year - conf call​

* ‍Estee Lauder CEO says are rolling out too faced in Sephora in most European markets, including france and in Douglas in Germany - conf call​

* ‍Estee Lauder CEO says in several other markets such as China or Italy, department store are delivering strong gains - conf call​

* Estee Lauder’s head of IR says online division has grown sales at an average annual rate of about 25% and is margin accretive to company - conf call ‍​ Further company coverage:

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