NuSkin
This article was originally published in The Rose Sheet
Executive Summary
Entering South American market, with operations commencing in Brazil Nov. 11, the company announced Sept. 22. Nu Skin will launch 28 products into the country, including locally manufactured Scion skin and hair care products. Brazil will serve as a "hub for future expansion throughout South America," Nu Skin said. The direct marketer is also investigating potential expansion into Chile and Argentina. Brazil is the 27th country the firm has entered - Nu Skin expanded into Denmark and Sweden in September ("The Rose Sheet" Aug. 24, In Brief). Brazil "represents a significant growth opportunity," Nu Skin noted, adding the country is the third largest direct-selling market worldwide. Brazil also has a strong personal care market, with 20% of its personal care sales made through direct channels, according to Nu Skin
You may also be interested in...
OCA Applauds Organic Board's Recommendation To USDA: "Outlaw Nanotech"
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
Beauty Claims Inch Closer To Pharma As Cosmeceutical Sector Expands
Though global market-size estimates differ, analysts at SupplySide West 2010 in Las Vegas agreed that cosmeceuticals remain a promising growth vehicle
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