Estée Lauder Offers Downbeat View as Department Stores Struggle – Wall Street Journal

Estée Lauder Offers Downbeat View as Department Stores Struggle
Wall Street Journal
The declining fortunes of U.S. department stores have Estée Lauder EL -3.54 % Cos. on the defensive. As one of the world's biggest beauty brands, the maker of Clinique and MAC has reason to be worried: roughly 30% of its global sales come from …
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