Financial News

The organization is shining a light on the economic and social contributions of the cosmetics and personal care products industry in its report.

The food retailer will permanently close its First Avenue Hy-Vee in Cedar Rapids, its Logan Avenue store in Waterloo and the Rockingham Road store in Davenport on June 23.

Total retail sales rose 1.35% month-over-month in May and were up 3.03% year-over-year, according to the CNBC/Retail Monitor released by the National Retail Federation.

The Elida Beauty portfolio includes Q-tips, Caress, Ponds and St. Ives for North America and Europe, as well as Impulse, Noxzema, Monsavon and Timotei.

The closing of the transaction also resulted in Haleon becoming a shareholder in Suave Brands.

On May 31, Estée Lauder closed on purchasing the remaining interest by utilizing cash on hand for an estimated $860 million.

Target had a rare earnings miss in its first quarter as consumers pulled back spending not only on discretionary items but on groceries as well.

The prestige cosmetics business saw strong momentum with reported net revenue growth of over 25% in the quarter, led by its three prestige cosmetics brands, Burberry, Kylie and Gucci.