L'Oreal CEO Expects U.S. Makeup Market to Bounce Back Next Year

Jean-paul Agon discusses the current slowdown in the US makeup market, attributing it to a natural cycle after years of growth. He notes shifts in consumer habits, with changes in retail and e-commerce dynamics, and emphasizes the importance of adapting to long-term trends. Despite challenges in North America, he remains optimistic about a recovery next year and highlights strong performance in other global markets.

What is the main reason for the current slowdown in the US makeup market according to Jean-paul Agon?

• Economic recession in the US

• A natural cycle after years of rapid growth

• Increased competition from new brands

• Changes in consumer preferences

How does Jean-paul Agon describe the changes in consumer habits in North America?

• A shift towards more luxury brand purchases

• An increase in department store sales

• Varied changes depending on the channel and brand type

• A decline in online shopping

Which sales channel is seeing a decline in the luxury segment according to the transcript?

• E-commerce

• Specialty retailers

• Department stores

• Direct sales

What is Jean-paul Agon's outlook for the company's performance in North America next year?

• He predicts stable sales

• He expects continued decline

• He foresees a slight improvement

• He anticipates a strong rebound

What is emphasized as crucial for business adaptation in the long term?

• Understanding long-term market evolution

• Focusing solely on short-term trends

• Increasing marketing budgets

• Expanding product lines rapidly