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Estee Lauder Launches on Amazon.ca to Expand Reach in Canada
ZACKS· 2025-06-13 16:26
Core Insights - Estee Lauder has launched its storefront on Amazon.ca Premium Beauty Store, enhancing its digital presence in Canada and providing access to its high-performance skincare, makeup, and fragrances [1][8] - The launch includes a curated selection of best-selling products, making it easier for Canadian shoppers to purchase Estee Lauder items online [2][4] - The collaboration with Amazon aims to combine Estee Lauder's luxury brand with Amazon's trusted service, offering a seamless shopping experience [4] Product Offerings - Estee Lauder's storefront features popular products such as Advanced Night Repair Serum, Double Wear Stay-In-Place Foundation, and Revitalizing Supreme+ [2][8] - The store is designed to provide an informative shopping experience, helping customers discover and learn about Estee Lauder's iconic products [3] Strategic Focus - Estee Lauder is implementing its Beauty Reimagined strategy to regain growth momentum, focusing on expanding consumer reach and enhancing brand presence on digital platforms like Amazon and TikTok Shop [9] - The company reported share gains in key markets, including Southeast Asia, the United States, the United Kingdom, and Canada, driven by strong performances from brands like Clinique and La Mer [9] Financial Performance - As of the third quarter of fiscal 2025, Estee Lauder has approved over 2,600 net position reductions and streamlined middle management by 20% to support long-term performance and restore sustainable sales growth [10] - The company's stock has gained 9.8% in the past month, while the industry and S&P 500 have grown by 14.8% and 2.4%, respectively [11]