• Ulta Beauty beat Wall Street expectations in the second quarter of 2020, despite sales slumps across the cosmetic industry as a result of the pandemic. 
  • According to Ulta CEO Mary Dillon, the company saw particular growth in its lash, brow, and eye categories, as consumers got creative with makeup above their masks. Ulta also saw a boom in salon services at reopened stores in the second half of the quarter. 
  • “Longer-term, we’re confident beauty will recover and thrive given the strong emotional connection consumers have with the category,” Dillon said on the call with investors. 
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As cosmetic giants like Estee Lauder and Coty falter during the pandemic, Ulta Beauty has managed to beat Wall Street expectations — in part thanks to a boom in lash, brow, and eye makeup products.

Though sales dropped 26% in the second quarter as a result of temporary

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Heavy to very heavy rainfall broke out over Odisha on Wednesday, while it was heavy over deficit areas of North-West India including Jammu & Kashmir, Ladakh, and Himachal Pradesh; East Madhya Pradesh, East Uttar Pradesh, plains of West Bengal and Chhattisgarh, an India Meteorological Department (IMD) update said on Thursday.

 

The significant amounts of rainfall reported during this period included Jharsiguda-15; Katra-12; Khajuraho and Hirakud-11 each; Titlagarh and Sundargarh-10 each; Mandi, Nowgong, Balasore and Angul-8 each; and Jammu, Dharmasala, Raipur, Diamond Harbour and Sambalpur-7 each, the IMD statistics receal.

Well-marked low holds up

A prevailing well-marked low pressure area lies over South-West Jharkhand, and may move west-northwestwards across North Chhattisgarh, North Madhya Pradesh and South Uttar Pradesh during the next three days. The western end of the monsoon trough runs close to the foothills of Himalayas while the eastern end is south of its normal position (active).

The western end

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Companies have sent an urgent letter to the German Chancellor pleading with her to pull back from taking action days after she threatened to tighten rules as coronavirus infections surged. The Federal Association of Medium-Sized Enterprises has said “excessive protection against infection” should not take priority over the protection of the economy.

The group warned a second COVID-19 shutdown would hit businesses harder than the first lockdown ordered in spring.

In the letter to Ms Merkel and ministers, the federation said further disruption to businesses would wreak havoc on medium-sized businesses across Germany.

Many companies have used up their financial reserves and would have to “throw up their hands” in the event of another shutdown, the letter said.

The federation said industries are still recovering from the far-reaching effects of the first lockdown.

It said medium-sized firms bore the brunt of the restrictions together with the self-employed.

It said: “Entire

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