MAM
Retail Insight witnesses a growth in triple digit in 2019; adding headcount by at least 30%
Bangalore: Retail Insights, a well-recognized Omni Channel technology solution provider for Retailers and Brands has grown by triple digit in the financial year 2019. With this, the company has adding headcount by 30%.
Retail Insights has onboarded 13 clients in 2019. The company is the preferred system integration partner for word-class products made for retail viz. JDA, Adobe, Kantar, Phone Pe, Salesforce Commerce Cloud, Go Frugal, Diebold, Google, Intel Openvino, Carlippa, Search Tap, Shipsy and Firsthive and Vinicullum.
The company has entered into the Omni (All) Channel Commerce implementation (“De-clutter retail complexities and serve customers better from interaction to transaction”) partnerships with Adobe and Salesforce Commerce Cloud being the market leaders in the same category along with next gen technologies development capabilities.
Retail Insights has up the game by becoming One Stop Solution Centre (Technology + Domain) helps retailers/brands formulate effective online-2-offline (O2O) and Digital strategies with there uniquely positioned eco system.
Commenting on the growth, Mr. Vishnu Gullipalli – CEO & Solution Advisor, Retail Insights said, “We are pleased with our steady growth rate, and 2019 has been an exciting year for Retail Insights. With our new onboard clients, we have proved to be the strategic Omni Channel Technology partner across the retail value chain and act as innovation pods for business excellence. Our retail solution and technology excellence with transparent delivery models have played a pivotal role in achieving this significant milestone.”
The company has entered in Wallet and Market Place Integrations partnership with a leading player Viz. Phonepe. With Shipsy the Retail Insights has entered into the Promise Management partnership, enabling last-mile deliveries. It promises Digital Customer Experience in collaboration with Intel Platform Openvino. The company has also entered in Order Management Retail Insights Proprietary Integrations framework with the SAP and Microsoft AX. Trade Promotion for the CPG – Kantar Retail. Along with partnership with AWS, SAP Cloud and Google Cloud, Post Man, etc.
For 2020 the Retail Insights has a plan to handle fewer clients with more attention. The company is determined to enter Europe and UK for business expansion. It will also create a stronger partner relationship with Adobe, JDA, Kantar, Diebold and Salesforce in future.
Brands
Estée Lauder to shed 10,000 jobs as new boss bets on digital shift
The cosmetics giant raises its profit outlook but stays silent on a possible merger with Spain’s Puig, as job cuts deepen and a three-year sales slump weighs on the turnaround
NEW YORK: Stéphane de La Faverie is not done cutting. Estée Lauder announced on Friday that it plans to eliminate as many as 3,000 additional jobs, taking its total redundancy programme to as many as 10,000 roles, up from a previous target of 7,000 announced a year ago. The company, which owns La Mer, The Ordinary, Tom Ford, and Aveda, employs roughly 57,000 people worldwide. The mathematics of what is now being contemplated is stark.
The fresh round of cuts is expected to generate a further $200 million in savings, bringing the total annual savings from the programme to as much as $1.2 billion before taxes. That money, De La Faverie has made clear, will be ploughed back into the turnaround.
A CEO in a hurry
De La Faverie, who took the helm in January 2025, inherited a company that had endured three consecutive years of annual sales declines. His response has been to move fast and cut deep. A significant portion of the latest redundancies reflects his push to reduce headcount at US department stores, long a cornerstone of Estée Lauder’s distribution model but now a channel in structural decline. In their place, he is accelerating the shift toward faster-growing online platforms, including Amazon.com and TikTok Shop, a pivot that is reshaping not just where Estée Lauder sells but how it thinks about its customers.
The numbers are moving in the right direction
Despite the pain, there are signs the medicine is working. Estée Lauder raised its profit outlook for the remainder of the fiscal year, guiding for adjusted earnings per share in the range of $2.35 to $2.45, above analyst estimates and a notable step up from the $2.05 to $2.25 range it had guided for in February. Organic net sales growth is expected to come in at 3 per cent, the company said, at the high end of the range it set out in February.
The share price tells a mixed story. After De La Faverie took charge, the stock surged nearly 60 per cent, buoyed by investor optimism that a longtime company insider could finally arrest the decline. But 2026 has been rougher: the shares have fallen 27 per cent this year, weighed down by disappointing February results and the overhang of unresolved merger talks with Spanish beauty giant Puig Brands SA. The company gave no additional details about those discussions on Friday, leaving the market to guess.
Silence on Puig
The proposed tie-up with Puig remains the most consequential unknown hanging over Estée Lauder. A deal with the Barcelona-based group, which owns brands including Carolina Herrera and Rabanne, would reshape the global luxury beauty landscape. But with nothing new to say and a turnaround still very much in progress, De La Faverie is asking investors to trust the process.
Three years of sales declines, 10,000 job cuts, and a merger that may or may not happen. At Estée Lauder, the overhaul has barely started.
