L'Oreal Sees Tough Quarter In North America,Growth In Emerging Markets

摘要

L'Oreal sales increased 2.1 percent in the first quarter of fiscal 2008 to 6.95 billion,weighted down by challenges in North America,where the period was even "more difficult" than predicted,the firm announced April 15.North American sales slowed after an "exceptional" fourth quarter,due to "lower footfall in department stores and larger-than-expected inventory reductions by our distributors," L'Oreal CEO Jean-Paul Agon said.Sales in the region fell 3.9 percent.