Clinique selling products on Amazon's Premium Beauty storefront
The Clinique Amazon storefront includes skincare, makeup and other products
Check out what's clicking on FoxBusiness.com
The parent company of Clinique is now selling the beauty brand’s products through Amazon.
The virtual storefront for Clinique in Amazon’s Premium Beauty store went live Wednesday for U.S. users of the e-commerce site, Estée Lauder Companies said.
Estée Lauder Companies also built an interactive "Clinique Skin Analysis tool" designed to "custom-fit a skincare regime" for users that it released for the Clinique Amazon Premium Beauty storefront.
CLINIQUE high impact mascara mascara impact optimal. (Photo by Edward Wong/South China Morning Post via Getty Images) (Edward Wong/South China Morning Post via Getty Images / Getty Images)
Later, a "select few" other brands the cosmetics giant owns will eventually follow Clinique in appearing in the U.S. on the Amazon Premium Beauty store, according to Estee Lauder Companies.
CLICK HERE TO READ MORE ON FOX BUSINESS
"This new brand experience will complement the high-touch, in-store experience our consumers already receive with our Clinique Consultants in the stores of our long-term retail partners throughout the U.S.," Clinique Global Brand President Michelle Freyre said in a statement.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| EL | THE ESTÉE LAUDER COMPANIES INC. | 64.31 | +1.44 | +2.28% |
| AMZN | AMAZON.COM INC. | 212.40 | -1.71 | -0.80% |
Estée Lauder Companies said the Clinique items offered in the new Amazon storefront span skincare, makeup, fragrance and men’s products categories.
American multinational skincare and beauty products brand Estée Lauder (Estée Lauder) logo seen in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) (Budrul Chukrut/SOPA Images/LightRocket via Getty Images / Getty Images)
The Amazon Premium Beauty store also contains products from brands unaffiliated with Estée Lauder, such as Lancome and Sunday Riley.
ESTEE LAUDER TO LAY OFF UP TO 5% OF WORKFORCE
"While we expect it will take time to stabilize its U.S. share, this is a positive move in our view as the new distribution will better position EL against competition from both established multinationals and newer independent brands that have been more dominant in the U.S. mass-tige in recent years … while also minimizing the impact of department store closures," Raymond James analyst Olivia Tong wrote in a research note about Clinique coming to Amazon.
The logo of the U.S. online retail giant Amazon is seen at the distribution center in Staten Island, in New York. ((Photo by ANGELA WEISS/AFP via Getty Images) / Getty Images)
In early February, Estée Lauder Companies CEO Fabrizio Freda said that Clinique would be "doubling down on its authentic dermatologist brand heritage of over 55 years," a strategy that Tong also said the Amazon storefront "should coincide well" with.
The cosmetics giant sells Clinique, whose origins date back to the late 60s, in over 100 markets around the globe.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Across its various brands, Estée Lauder Companies has generated nearly $7.8 billion in net sales over the first two quarters of its fiscal 2024 year, a nearly 9% decline from the $8.55 billion it posted in the same period last year. Its net earnings for the first six months of 2024 were $360 million.