Shiseido's 2024 operating profit tanked 73.1 percent year-on-year, as China's economic growth continued to decelerate and the country's duty-free retail market Hainan Island faced ongoing challenges.

TOKYO >> Japanese cosmetics giant Shiseido said on Monday its full-year profit fell 73% amid sluggish sales in China. Shiseido said operating profit was 7.58 billion yen ($49.9 million ...

Shiseido operations in China were hit by a slowing economy and intense competition with local rivals. The company also reported higher costs from closing outlets in Japan and China and cutting jobs.

Shiseido’s stock, which closed the day at 2,669 yen, or $17.59, has fallen by 35.7 percent over the past year. The company’s business in 2024 was hard hit as China’s economic growth ...

TOKYO -- Japan's Shiseido on Monday announced that it posted a loss for the first time in four years for a year ended in December, partly caused by slowing consumption by Chinese travelers.

Jones, Geoffrey G., Akiko Kanno, and Masako Egawa. "Making China Beautiful: Shiseido and the China Market." Harvard Business School Case 805-003, October 2004. (Revised July 2013.) ...

The travel-exclusive experience showcases La Crème. It debuted in Hainan and will feature across Hong Kong, Macau, Taiwan, ...

Japan's Shiseido says annual profit plunges 73% amid sluggish sales in China Japanese cosmetics giant Shiseido said on Monday its full-year profit slumped 73%, partly due to a drop in consumer ...

TOKYO (Reuters) - Japanese cosmetics giant Shiseido on Monday said full-year profit fell 73% amid sluggish demand in China. Shiseido said operating profit was 7.58 billion yen ($49.9 million) in the ...