By  on November 14, 2017

The Estée Lauder Cos. is sticking with its department store partners in the U.S. and abroad, executives said at the company’s shareholder meeting Tuesday.

“Department stores’ online sales are growing nicely,” Lauder chief executive officer Fabrizio Freda said, adding that while foot traffic is still slow in the U.S. department stores, department stores in other regions — like Selfridges — still do very well. Plus, Lauder’s recent move further into the specialty retail space is making up for softness in U.S. department stores, he said.

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