LVMH results
This article was originally published in The Rose Sheet
Executive Summary
Perfume & Cosmetics division sales jump 15.2% to $879.6 mil. ([Euro]1=$.85) in first half 2001, luxury goods manufacturer announces. Division sales led by four French fragrance businesses - Dior, Kenzo, Guerlain and Givenchy - which recorded sales growth of 14%, firm says. U.S. Perfume & Cosmetics sales advance 25% due to performance of start-ups including Bliss and BeneFit, LVMH says. Selective Retailing division sales up 14.7% to $1.42 bil. in first half, largely due to 37% sales increase from Sephora. Comparable store sales in the U.S. rose 10%, LVMH says. Consolidated sales in first half reached $4.78 bil., up 12% from prior-year period
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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