Estee Lauder's Plan to Compete With Korean Skincare Competitor

Estee Lauder reported flat revenue for the first quarter of 2015, which ended September 30, with net sales coming in at $2.63 billion relative to last year's $2.68 billion. Foreseeing a number of challenges in the coming months, the company also cut its guidance for the full fiscal year. At this point, Estee Lauder expects net sales to grow 2 to 3 percent in 2015, versus its original forecast of 3 to 4 percent. Read More »