Code of Conduct
Results 1 to 5 of 5
  1. #1
    MFfan310's Avatar
    Join Date
    Jun 2004
    Location
    Fort Wayne, IN
    Posts
    3,597
    Post Thanks / Like

    Default No Gift With Purchase For You: Estee Lauder to cut 2,000 jobs

    Who said fragrance was recession-proof? Certainly not The Estee Lauder Companies.

    In their latest earnings release, despite the company beating analyst profit expectations, the inventor of the Gift With Purchase and maker of many of our favorite fragrance brands reported a 6% decline in global sales due to a strong US dollar. Lauder is also going to cut 2,000 jobs and "reduce the number of SKUs" (I wonder if this means that they will cut some of the products like Aramis 900, Devin, and others, much to the regret of Basenoters?). However, R&D will be increased, so we might see some new fragrances come out of the pipeline.

    But now, the bad news for us stink water lovers: Despite the launches of Sean John I Am King, Estee Lauder Sensuous, and Hilfiger (with the latter two being somewhat successful), fragrance took the hardest hit by far due to massive economic and competitive pressures (read: everyone else from BPI to P&G was outspending and, in many cases, outselling Lauder). You know it's bad when D&G Light Blue, women's or men's, outsells Beautiful after two decades as sales champ.

    I'm sure the screaming and screeching at 767 Fifth Avenue (Lauder's HQ) will be heard all the way down to the Apple Store in the basement of the same building...
    I am not afraid to keep on living - I am not afraid to walk this world alone.

  2. #2
    Basenotes Institution
    Mimi Gardenia's Avatar
    Join Date
    Aug 2008
    Location
    Exactly Where I Should Be
    Posts
    16,343
    Post Thanks / Like

    Default Re: No Gift With Purchase For You: Estee Lauder to cut 2,000 jobs

    Yep, noone seems unaffected by the ecomonic woe. I'm sad for everyone who's lost their job.
    http://www.basenotes.net/threads/370...o-Profumo-Onda
    For sale. Carnal Flower and Vero Profumo Onda.

  3. #3
    noirwest's Avatar
    Join Date
    May 2003
    Location
    Salt Lake City, Utah
    Posts
    804
    Post Thanks / Like

    Default Re: No Gift With Purchase For You: Estee Lauder to cut 2,000 jobs

    I don't see it being mentioned anywhere else but from reading one of the articles on the splash intro page it looks as if Fendi is done as far as scents go. I don't know about anyone else, but I'll miss their house.

  4. #4

    lilybelle's Avatar
    Join Date
    Apr 2008
    Location
    Virginia
    Posts
    9,166
    Post Thanks / Like

    Default Re: No Gift With Purchase For You: Estee Lauder to cut 2,000 jobs

    Quote Originally Posted by noirwest View Post
    I don't see it being mentioned anywhere else but from reading one of the articles on the splash intro page it looks as if Fendi is done as far as scents go. I don't know about anyone else, but I'll miss their house.
    Grant posted about the discontinuation of Fendi Fragrances on the Female Fragrance Board. It's also posted on the main page. Sad. http://community.basenotes.net/showthread.php?t=223208

    About the loss of jobs at Estee Lauder, I'm sorry to hear it but not even surprised anymore. Every day now we hear this kind of thing.
    Last edited by lilybelle; 11th February 2009 at 01:13 PM.

  5. #5

    Default Re: No Gift With Purchase For You: Estee Lauder to cut 2,000 jobs

    SAD, I read that Arden was making cuts too, along with the 500 Loreal already made.

Similar Threads

  1. More about Youth Dew Amber Nude.
    By cedriceccentric in forum Female Fragrance Discussion
    Replies: 26
    Last Post: 13th July 2010, 11:35 PM
  2. Estee Lauder Gift with purchase at Nordstroms
    By lushsoup in forum Cosmetics & Beauty
    Replies: 0
    Last Post: 24th July 2008, 08:36 PM
  3. Estée Lauder Sensuous
    By anak in forum Male Fragrance Discussion
    Replies: 0
    Last Post: 3rd July 2008, 06:34 AM
  4. "Pure" White Linen by Estée Lauder (notes+review)
    By cedriceccentric in forum Female Fragrance Discussion
    Replies: 27
    Last Post: 12th April 2006, 12:12 PM
  5. Estee Lauder Men's scents
    By Renato in forum Male Fragrance Discussion
    Replies: 4
    Last Post: 28th February 2006, 01:18 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •