Cosmetics brands that have relied on department stores to sell products are suffering along with retailers, which are closing stores and facing bankruptcies. So such companies as Estee Lauder,
Amorepacific and Kao "are looking to manage risk and diversify how their products are sold," per the Wall Street Journal. "
Estée Lauder, which saw 46% of its North American net
sales come through department stores for the quarter ended March 31, has made a bigger push for online sales during the pandemic."
Read the whole story at The Wall Street Journal »