American Diabetes Association CEO to step down
BOOM! By Cindy Joseph! launches Boomstick Minis
NEW YORK — BOOM! By Cindy Joseph!, which was founded by model and makeup artist Cindy Joseph, has expanded its portfolio with the new Boomstick Minis.
The perfect addition to regular size Boomsticks, beauty mavens can now carry the same Color, Glimmer and Glo for touch-ups when out and about.
BOOM! By Cindy Joseph is a line of products that create the same glow a woman's skin generates when she is having fun and turned on to life. Whether laughing, dancing or romancing, a woman's circulation revs up with the same color and shine that Boomstick Minis create in one quick and easy application.
Throughout her 25-year career as a makeup artist, and then becoming a supermodel at age 49, Joseph has promoted ageful beauty, celebrating women of every generation.
Each Boomstick Mini is a universal and essential shade for cheeks, eyelids, lips, decollate, shoulders or anywhere consumers want to enhance their natural beauty for both day and evening. Boomstick Minis eliminate the myriad of products and applicators that create an overstuffed cosmetics bag.
Moody’s: Physical presence integral part of online growth for retailers
NEW YORK — A physical store presence is key to most retailers for their online growth strategy, according to a new report by Moody’s Investor Services. Based on existing data, Moody’s estimate online sales as a percent of total retail sales are just 6% today and will increase to 7.1% by 2016, potentially reaching a double-digit (mid-teens) share of the total retail sales pie in about five years.
Even though most groups in the retail industry have made significant strides in building an e-commerce presence in recent years, the report found, most of the 13 sub-sectors in the report still derive a surprisingly small percent of their overall sales from online channels.
“Despite the apparent popularity of the Internet to the U.S. consumer, most retail sectors are still far from fully leveraging this potential,” the report stated.
Here are some highlights of the Moody’s report, which was written by Moody’s VP, senior analyst Charles O’Shea:
- Online Presence is a longer-term credit-positive for U.S. retail. A viable online channel is becoming more critical for brick-and-mortar retailers to maintain and strengthen their competitive positions. “In our view, online sales is a cost-effective way to maximize existing physical locations and to leverage distribution capability,” O’Shea said. “We believe the successful development of this channel will ultimately be a credit positive for retailers.”
- Mass store closings are unlikely as companies increase online presence. Moody’s sees little evidence online growth is causing more retailers to close large numbers of physical store locations to save on unnecessary costs.
- Extensive store networks give shoppers the option to see and touch the product that they may have researched online, which is one of the reasons store networks will remain a crucial link in the online logistics chain, the report finds. Points of distribution for ship-from-store capability also will remain important.
- Online growth among retail sectors will vary widely. Some sectors have made tremendous strides in building a viable online presence, in particular the music, video and digital content group, which we expect will double its online sales penetration to 70% by 2016. At the other end of the spectrum, the food, beer and wine group has barely moved the online needle and will likely not grow beyond 1% penetration by 2016.
- Growth may be greater than public data suggests. Moody’s findings are drawn primarily from the Census Bureau and Department of Commerce, which uses historical data-based surveys rather than direct reporting from companies, which means findings are far from comprehensive.
“Many companies do not report their online business and there is little consistency with respect to individual disclosures of what actually constitutes an online sale,” O’Shea said. “We think these constraints suggest that the volume of online sales are actually larger than what available data sources suggest.”