This article was originally published in The Rose Sheet
Net sales edged up 2.5% to $467.5 mil. in the FY third quarter (ended June 30), the company announced July 23. Net earnings for the quarter rose 10.1% to $21.2 mil. Sally Beauty Company had "another solid quarter," Alberto said, having "entered the Canadian market for the first time with its Beauty Systems Group acquiring two distributors based in Ontario" ("The Rose Sheet" July 13, In Brief). Sally added 34 new stores during the quarter, bringing its total to 1,960 stores in the U.S., U.K., Germany, Japan and Canada. Through nine months, sales rose 3.5% to $1.37 bil., but earnings decreased 5% to $60.4 mil. after a $3 mil. pre-tax charge taken in the second quarter related to the closing of a manufacturing facility in Holland...
You may also be interested in...
With a push from the Organic Consumers Association, the National Organic Standards Board is recommending that the use of nanotechnology be strictly prohibited from products certified under the National Organic Program
Though global market-size estimates differ, analysts at SupplySide West 2010 in Las Vegas agreed that cosmeceuticals remain a promising growth vehicle
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
Sign in to continue reading.
Need a specific report?
1000+ reports available
New to HBW Insight?
Start a free trial today!
Register for our free email digests: