Sharon Terlep
speaker
59 appearances
2 recordings
1 series
first heard Jun 2019
last heard Jan 2020
Sharon Terlep’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
There's this disposable income.
And then there's also the fact that people with this income may not have access, may not have the access that people in developed countries have to these stores and to these items.
Absolutely.
And particularly when you're looking at cosmetics and fragrances, not only have department stores lost business to online buyers, but there's so many specialty stores, Sephora, they're actually losing traffic to other retailers as well.
And some of these items are things where the touch, the feel, the smell, the color is important.
And so it's a place where people may not go online as readily.
Oh, yes.
Estee Lauder, we were looking at the numbers and this is kind of what gave us the idea for the story.
Estee Lauder actually gets more revenue now from their travel retail than they do from U.S.
department stores.
And with all their brands, Estee Lauder, Clinique, MAC, you know, all these are really big department store brands in the U.S.
And they make more money now.
They get more money now in airports.
Absolutely.
It used to be that the attraction was primarily duty-free.
It was more of a cost issue.
But this business is big enough that the companies are investing in items that are exclusive to airport sizes, scents, different variations that you can only get at the airport.
Right.
Thank you.
Showing 41–59 of 59 · page 3 of 3
← Previous