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DENTIFRICES PRODUCER PRICES DROP 2.1% IN SECOND QUARTER

This article was originally published in The Rose Sheet

Executive Summary

DENTIFRICES PRODUCER PRICES DROP 2.1% IN SECOND QUARTER, according to preliminary data released July 12 by the Department of Labor's Bureau of Labor Statistics. Of the categories followed by "The Rose Sheet," dentifrices registered the largest decrease in the three-month period. Dentifrices dropped the same amount in the half as in the second quarter -- 2.1%. The category was down in the second half of 1993 as well, dropping 4.7%, following a .3% gain in the first half of 1993.

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Marketing In Brief

ModiFace launches forecasting tool: Toronto-based virtual makeover firm introduces ShadeCast, a makeup sampling and forecasting tool based on behavioral tracking. ShadeCast is used in conjunction with iPhone application MakeUp, which allows consumers to virtually try on makeup in hundreds of shades from brands including Revlon, Cover Girl, Lancome and Clinique. ShadeCast offers 1,000 cosmetic shades from 40 brands and assigns a ShadeScore "to approximately position the [app's] hottest and most sampled color." ModiFace exec Nikkie Gatto likens the app to radio music playlists, helping consumers "looking to capture the current look, but also provide vital market intelligence to our retail channel partners," she says in Nov. 3 release. "The value of data to demonstrate the aggregate behavior will help the industry predict the latest trends and help cosmetic manufacturers better understand the color and products which most resonate with online and iPhone virtual makeover users," the company says
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