Clarins results
This article was originally published in The Rose Sheet
Executive Summary
Sales growth in second half expected to pick up due to favorable comparison and stronger marketing plan, particularly in the Perfume Distribution division, French beauty firm says in 1first-half sales announcement Aug. 5. Weak marketing program in Perfume Distribution in first six months compared to 2001 period contributed to 9.8% decline in division sales at average exchange rates. Perfume Distribution sales were $35.9 mil. (€1=$.96). Clarins brand sales were flat at $266.5 mil. for the half, while Thierry Mugler sales advanced 16.3% to $78.2 mil. and Azzaro sales increased 8.8% to $45.6 mil. Consolidated sales were up 2.8% to $426.1 mil. as decreasing levels of consumer spending around the world and inventory reductions by distributors, retailers impeded growth, Clarins says...