Estee Lauder turns to ‘nimble’ precision marketing strategy to tackle falling sales
The cosmetics company believes its stronger data capabilities will allow it to “quickly” turn trends into action and improve strategic pricing.
The cosmetics company believes its stronger data capabilities will allow it to “quickly” turn trends into action and improve strategic pricing.
As P&G makes a “meaningful” increase to marketing spend, its leadership seeks to reassure investors it is both efficient and effective in driving growth for the business.
Estée Lauder claim its spend behind advertising and promotional activity, as well as innovation, helped maintain growth in developed markets, including the UK, despite a disappointing performance for the year.
The company’s adjusted operating margin expanded 80 basis points to an “all time high” of 19.7% over its 2022 fiscal year, as the beauty giant invests in innovation to support its pricing.
Marketing leaders from Hovis and Bio&Me suggest the key to succeeding in today’s low-growth environment is to focus on the core while finding ways to drive incremental growth that will set the brand up for the future.
At the end of every week, we look at the key stories, offering our view on what they mean for you and the industry. From Next’s CEO swapping investment for spend when talking about marketing to Kraft Heinz’s top marketers asserting that ownership of all four Ps is the only way to “solve big challenges”, it’s been a busy week. Here is my take.
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