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Beauty is growing again, with emerging markets key for multinationals to achieve growth targets and developed markets continuing to present attractive niche opportunities.
The move helps sustain Nest Fragrances' international growth and development.
Estée Lauder’s good performance was broad based, generating local currency sales gains in each of its geographic regions and most product categories.
Nivea recorded sales growth of 5.7% as against the prior-year quarter, and Eucerin generated a 9.4% increase in sales as of the end of the period, while La Prairie saw an 8.2% increase.
Fragrance sales in Europe grew 33% (at constant rates) for the company during the quarter.
The results represent a 19% increase over the same quarter in 2012, and in greater China, Nu Skin's first quarter revenue increased 90% to $175.7 million, with mainland China's local-currency revenue growing 141%.
Although the Indonesian hair care market is still modest in size—being less than 5% of the U.S. market—it has enjoyed a CAGR of almost 10% since 2007.
North America and Asia Pacific drop for Avon, but overall results better than expected.
Sales of cosmetics decreased 3.4% compared with Q1 2012 to ¥58.1 billion for the company while skin care showed more strongly.
The Japanese beauty company saw domestic cosmetic sales down 2.2%, but global sales painted a brighter picture, edging up 0.8% to ¥322.3 billion and growing 2.5% on local currency terms.