An Estée Lauder cosmetics counter at Bloomingdale's. Photo: Mario Ruiz/The LIFE Images Collection via Getty Images

As dollars have grown scarce at many traditional retail outlets, cosmetics powerhouse Estée Lauder has found an interesting way to make its money. For the first time last year, it generated more revenue at airports globally than at U.S. department stores, data shows.

What's happening: The airport is becoming a booming shopping destination and Estée Lauder, home to brands like Clinique, MAC and Tom Ford Beauty, has been taking full advantage.

  • Duty-free and other airport spending binges, especially by Chinese and other travelers from emerging markets like Russia, India and Brazil, have helped jolt the stock up more than 35% year-to-date.

The big picture: Globally, sales from duty-free shops and other travel-retail channels rose almost 10% to a record $76 billion in 2018, according to research firm the Data Circle.

  • "Travel retail consists of airport shops, in-flight purchases, duty-free stores neighboring airports, cruises and online orders picked up at the airport. All stores located beyond airport customs are duty-free," WSJ's Jaewon Kang and Sharon Terlep report.

Go deeper: Axios' Deep Dive on how vanity will save retail

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House Democrats unveil new $2.2 trillion coronavirus relief proposal

House Speaker Nancy Pelosi (D-Calif.) Photo: Liz Lynch/Getty Images

Speaker Nancy Pelosi (D-Calif.) on Monday unveiled House Democrats' new $2.2 trillion coronavirus relief proposal.

Why it matters: Negotiations with the Trump administration have stalled since the House passed its $3 trillion HEROES Act in May. The pared-down bill, which is $200,000 smaller than Democrats' most recent proposal, is part of Pelosi's last-ditch effort to strike a deal with the White House.

Updated 21 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 33,238,168 — Total deaths: 999,667 — Total recoveries: 22,980,342Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 7,143,521 — Total deaths: 205,003 — Total recoveries: 2,766,304 — Total tests: 101,308,599Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  5. Media: Fauci: Some of what Fox News reports about COVID-19 is "outlandish"
  6. States: Cuomo extends New York moratorium on evictions until 2021.
  7. World: India the second country after U.S. to hit 6 million cases.

Ex-officer pleads not guilty to charges related to Breonna Taylor killing

Brett Hankison is charged with three counts of wanton endangerment. Photo: Courtesy by the Shelby County Sherrif's Department

The former Louisville police officer charged with three counts of wanton endangerment in connection with the raid that led to the fatal shooting of Breonna Taylor, an unarmed Black woman, pleaded "not guilty" on Monday, the Courier Journal reports.

The big picture: The announcement of charges against Brett Hankison, who was fired from the department in June, set off nationwide protests last week. None of the officers involved in the raid were indicted on homicide or manslaughter charges related to Taylor's death.