High-end retailers set to launch beauty giveaways to begin Jan. 20 By Antoinette Alexander
NEW YORK (Jan. 14) Beginning next week, several high-end retailers will give away $175 million worth of free cosmetic products as part of a class action settlement.
Department stores such as Macy’s, Neiman Marcus, Saks Fifth Avenue and Nordstrom will give away beginning Jan. 20 free cosmetic products to shoppers who bought certain cosmetics between May 29, 1994 and July 16, 2003. No rainchecks will be issued and the give away will last for a maximum of seven days while supplies last.
Shoppers will be permitted to receive one product made from such cosmetic companies as Chanel, Estee Lauder Companies and L’Oreal USA.
The offer is part of an agreement to settle a suit filed in 2003. The suit alleges stores tried to limit sales and cut back on the amount of cosmetics in their inventory in an effort to keep prices and competition high.
For a list of retailers and the products set for distribution visit www.cosmeticssettlement.com.
Tags: Cosmetics, Department Stores, Lawsuit, Legal Action
