Competitive online retailers take a toll on cosmetics industry heavyweights in China as lower Internet prices on items draws in consumers. Avon (AVP +2.8%) saw sales sink 31% in the nation during the last quarter, while Sephora (LVMHF.PK) had to close stores due to losses. Though it's a bitter disappointment for many companies hoping to see the $24B Chinese cosmetics market be a driver for growth, a few firms such as Estee Lauder (EL -1.7%) and Procter & Gamble (PG +0.1%) have made smart online plays in China.
Competitive online retailers take a toll on cosmetics industry heavyweights in China as lower...
From other sites
Video at CNBC.com (Dec 2, 2015)
Video at CNBC.com (Sep 10, 2015)
at CNBC.com (Jun 4, 2015)
at CNBC.com (May 15, 2015)
Video at CNBC.com (May 15, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs