Flash Report 1 minuteRegister for Free AccessChina Puts a Damper on the Beauty Category Coresight Research September 10, 2015 Executive Summary On Friday, September 4, L’Oréal lowered its forecasted growth for the cosmetics category in 2015 to around 3.5%, down from its previous expectations of 3.5%–4%. That said, the company did not adjust its expectations for its own sales performance for the second half of the year. In its most recent update on July 30, L’Oréal said it had expected industry sales growth to accelerate in the back half of the year based on improved demand in Western Europe and the US. L’Oréal’s sales grew by 3.6% in the second quarter, excluding acquisitions, disposals and currency swings. Asia-Pacific sales grew by 4.1% in the period, slowing from 5.8% in the first quarter. The lowered expectations are due to the slowdown in China. We estimate that sales in China are down roughly 5%. The Asia-Pacific region represents 35% of global cosmetics sales, and is the largest market for the category. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: April 2024 US Retail Sales Outlook: Projecting Low-Single-Digit Growth Amid Growing Disposable IncomeWeekly US and UK Store Openings and Closures Tracker 2024, Week 9: Macy’s Announces Store Opening and Closure PlansEarnings Insights 3Q24, Week 2: Sales Decline at Carter’s, Estée Lauder and HerbalifeWeekly US and UK Store Openings and Closures Tracker 2024, Week 27: Walgreens Boots Alliance and Bob’s Stores To Close Stores in the US