Billie Jean King named co-founder of Mission Skincare
NEW YORK Sports icon and humanitarian Billie Jean King has been named a co-founder of Mission Skincare, a line of athlete-engineered skin care products.
King is the latest sports legend to join forces as co-founder of the brand.
King joins a team of celebrated athletes who also serve as co-founders, including golf pro Sergio Garcia, tennis star Serena Williams, two-time MVP league Steve Nash, MLB All Star David Wright and two-time Gold Medal soccer player Mia Hamm, among others.
"I’m very excited to help advance Mission’s causes," stated King. "I may have played my last professional tennis match years ago, but I remain committed to helping people excel as both athletes and socially impactful human beings. I’m proud to be part of the Mission team because not only do I use their products, I know their products are better for me and so many other recreational and professional athletes."
King won 39 Grand Slam singles, doubles and mixed doubles titles, including 20 championships at Wimbledon. She defeated Bobby Riggs in the Battle of the Sexes in September 1973 and was named one of the "100 Most Important Americans of the 20th Century" by Life magazine. King founded the Women’s Tennis Association, the Women’s Sports Foundation and co-founded World Team Tennis.
Mission Skincare products are available at CVS/pharmacy, Dick’s Sporting Goods, Sport Chalet, GNC and Finish Line.
Ulta posts Q2 net sales increase of 17.6%, net income up 127.2%
BOLINGBROOK, Ill. Beauty retailer Ulta on Thursday announced a net sales increase of 17.6% to $321.8 million for its second quarter, ended July 31, compared with $273.5 million in the same period last year.
Comparable-store sales increased 10.8%, compared with a decrease of 1.7% in second quarter 2009. Gross profit increased 350 basis points to 32.3% from 28.8% last year.
Operating income increased 117.4% to $22.3 million, or 6.9% of net sales, compared with $10.2 million, or 3.7% of net sales, in the prior-year period. Net income increased 127.2% to $13.1 million compared with $5.8 million in the second quarter of fiscal 2009. Income per diluted share more than doubled to 22 cents, including 3 cents per diluted share related to the nonrecurring compensation charge. Income per diluted share was 25 cents, excluding the nonrecurring compensation charge.
“We are very pleased to report an excellent second quarter 2010 performance,” said Lyn Kirby, CEO of Ulta. “Despite a slow economic recovery, the momentum on our business is very strong as we reap the benefits of our market share strategies implemented in 2009 and continue to execute against these strategies in 2010. Growth was balanced across all major product categories. Our performance reflects the continued strength of our business model with dynamic marketing, compelling merchandising, new brand introductions and the continued leverage of our powerful loyalty program.”
“We begin the third quarter with very strong momentum fueled by the continuation of our marketing, merchandising and stores expansion strategies,” stated Chuck Rubin, president and COO. “During the third quarter we expect to continue to drive traffic and average ticket growth as we leverage our loyalty program, offer compelling value and introduce new brands. The third quarter will include the continued brand introduction of Philosophy skin care and the launch of Tarte in prestige cosmetics. Our store expansion plans remain on track to deliver 28 new stores in the third quarter and a 13% increase in square footage growth for the year. We will also maintain our judicious control of expenses and inventory. As our guidance suggests, we expect to deliver continued strong results in the third quarter.”
Liquid Keratin Bold at-home treatment hitting retail
BETHESDA, Md. Canadian-based Liquid Keratin has announced that it is expanding its at-home keratin treatment product line with the U.S. launch of Liquid Keratin Bold for multi-ethnic hair types in stores across the United States this fall.
Liquid Keratin Bold will be available at Ulta retail stores and online at Beauty.com in September, and other retail locations starting in October.
This stronger formulation of Liquid Keratin was designed specifically to provide worry-free manageability to ethnically diverse hair types without the use of formaldehyde or other harsh chemicals. The Liquid Keratin line gives consumers the option to wear their hair curly, wavy or straight without frizz or expensive, lengthy salon visits. The spray-on treatment is designed to provide results lasting as long as 30 days for treatment-resistant hair.
“Having listened to our customers and hearing their comments and suggestions, I knew it was time to go back to the lab and reformulate,” stated David Allice, president of Liquid Keratin. “We needed to create a product that met the demands of women with stronger curl patterns, so they too could enjoy the full benefits of Liquid Keratin. Liquid Keratin Bold does just that, while remaining nontoxic and the only do-it-yourself keratin treatment on the market.”
The Liquid Keratin Bold starter kit will be sold for $69 and contains a 4.2-oz. Liquid Keratin Bold spray 30-day treatment and four trial-size (1.7 oz.) ancillary products to enhance the results of the Liquid Keratin Bold treatment (Keratin Infusing healthy hair shampoo, Keratin Infusing deep de-frizz conditioner and Keratin Filling leave-in conditioner).
Being added to the line this fall are the Keratin Infused volumizing and revitalizing dry shampoo, Keratin Infused shine and moisture-renewing dry conditioner and Keratin Infused deep conditioning oil with argan and baobab oils. These ancillary products, as well as the Keratin Sealing shine serum, also are sold separately as full-size items from $27 to $39.