The Japan Tourism Agency (JTA) is planning to add cosmetics and food to duty-free items permissible to foreign travelers, according to a report by The Japan Times newspaper.
Avon continues to battle through difficult times, with its most recent results significantly impacted by falling sales in the China market, as the company restructures its business model there.
US color cosmetics and fragrance player Elizabeth Arden has posted a strong first quarter, boosted by international sales and positive currency translations.
Avon third quarter US dollar sales were virtually flat, while a renewed SEC probe into bribes in China meant the company’s stock value has plummeted to a year low.
Avon Products reported above market average sales growth for the third quarter, a result that was driven by strong growth in new markets that helped to offset falling North American sales.
All four of L’Oreal divisions have recorded strong growth in the first nine months of financial year 2010, reaffirming the strength of the company’s recovery.
Colgate-Palmolive has announced strong sales growth for its first quarter, driven by robust overseas sales, but tax charges relating to the Venezuelan currency devaluation hit profits.
Direct-seller Avon has reported a 14 percent increase in first quarter revenue aided by double digit sales growth in the company’s strongest markets; Europe and Latin America.
Procter & Gamble has delivered net sales growth of 6 percent for its second quarter, with strong unit volume sales growth indicating its brands are back on track.
Oral care provider Colgate-Palmolive has benefited from strong fourth quarter sales growth and positive foreign currency effects, leading it to report a substantial profit increase.
Despite reporting net profits down 30 percent for the fourth
quarter the result was still better than expected - further boosted
by stronger sales predictions for 2008.
