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E-Commerce Drives E-Lauder Results

Double digit online gains in fiscal Q1

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By: TOM BRANNA

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As reported, Estée Lauder posted a 5% gain in fiscal Q1 sales, but its online business did even better, posting double-digit increases, as prestige retailers migrate toward e-commerce, according to Seeking Alpha, which notes that the overall US e-commerce market is expected to grow at 10% CAGR between 2012 and 2017. According to the U.S. Department of Commerce, sales from online channels totaled up to $225 billion in 2012 and is expected to reach $262 billion in 2013. This growth rate is much h...

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