Retail in Asia

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Estée Lauder’s profit jumps on solid revenue

Estée Lauder Cos. fiscal fourth-quarter earnings rose 25 percent as the beauty-products company saw a strong rise in revenue across all regions and major segments.

CEO Fabrizio Freda noted that despite pockets of economic uncertainty around the globe, the company’s sales growth was broad-based, with "strong gains in every geographic region and product category". He added that sales growth was driven largely by continued momentum in the US and strong growth in China and travel retail.

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(Source: The Wall Street Journal Online)