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Mach3 35% price premium reflects Gillette's confidence in upgraded technology.

This article was originally published in The Rose Sheet

Executive Summary

GILLETTE MACH3 35% PREMIUM PRICE REFLECTS COMPANY CONFIDENCE that consumers will take advantage of the new wet shaving system's high performance technology and unique three-blade system. Gillette expects that Mach3 will become "number one in value brand share" in every market in which the system is sold and will secure 20% to 30% of the men's wet shave category. The company also anticipates the new product will "capture millions of new users in the Gillette franchise, trade up millions of current Gillette users...and drive millions of male disposable users into the refillable systems segment."

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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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