Colgate-Palmolive, Omron Healthcare to develop oral care products
NEW YORK — Consumer products company Colgate-Palmolive and Omron Healthcare, a maker of medical home healthcare and wellness products, have teamed up to market and develop oral care products, including electric toothbrushes.
Through this partnership, each partner will bring distinctive strengths: Colgate’s global marketing reach, consumer insights and capabilities in research and development, and Omron’s engineering and manufacturing capabilities and sensing and control technologies.
The partnership this year will launch a line of electric toothbrushes based on Omron technology that will be marketed by Colgate. This marks an expansion into the electric toothbrush category for Colgate, which markets manual toothbrushes and battery-powered brushes.
Estée Lauder develops new beauty brand for Asian skin
NEW YORK — Estée Lauder has developed through IdeaBank — a division of the BeautyBank organization within Estée Lauder — a new beauty brand to meet the unique needs of Asian skin.
The new Osiao brand will debut exclusively in Hong Kong with Lane Crawford at the Canton Road and Times Square locations, starting in mid-October. Simultaneously, the brand will launch with Cathay Pacific Airways, in which a tailored selection of products will be offered on their Hong Kong flights.
“As a luxury skin care line developed in Asia, for the Asian woman, Osiao delivers on what they have known for centuries: radiant skin glowing from within is beautiful skin. We are thrilled to be able to offer her a truly unique and customized line of products that meets her desires,” stated Veronique Gabai-Pinsky, global brand president at Aramis & Designer Fragrances, BeautyBank and IdeaBank.
Experts in traditional Chinese medicine, Western dermatology and product formulation science from the East and the West joined together to form the Osiao Asia Skin Institute and focused solely on the science of skin light. They conducted studies and in-depth analyses of the skin of thousands of Asian women in China, Hong Kong, Japan and Korea. These studies resulted in an understanding of the mechanisms of skin and how to restore skin’s natural radiance.
The scientists and dermatologists of the Osiao Asia Skin Institute created a complete protocol for optimum skin analysis: the Osiao Diagnostic Method. This diagnostic approach accounts for influencing factors both inside the skin and on its surface. Inspired by both Chinese medicine and Western dermatology, the Osiao Diagnostic Method measures a range of parameters related to a woman’s life, health and beauty, including age, lifestyle, environment, stress, fatigue, body condition, skin condition, exercise and diet.
Now, for the first time, a specific recommendation of care can be assigned according to an individual’s unique skin constitution, along with a customized treatment plan, to reveal skin’s true radiance. Osiao features a collection of 19 SKUs designed for topical application and complementary oral use, including the Inner Radiance Concentrate (a serum), Inner Radiance Essence Lotion (a watery lotion) and the Inner Radiance Beauty Tablets, all of which are specific to consumers based on Skin Constitution. Additional products include a collection of moisturizers, cleansers and a mask.
Family Dollar to accelerate store growth
MATTHEWS, N.C. — Following the release of record sales and profits on Wednesday morning, Family Dollar said it would open 500 new stores next year.
Sales for the company’s fourth quarter ended Aug. 25, increased 10.8% to about $2.4 billion and same-store sales increased 5.4%. Profits per share increased 4.5% to 69 cents and included a six cent per share charge related to a preliminary settlement of a legal matter involving the state of New York. Excluding the litigation charge, earnings per share would have increased 13.6% to 75 cents. For the year, sales increased 9.2% to $9.33 billion and net income per share increased 14.7% to $3.58, or 16.7% to $3.64 if the litigation charge is excluded.
"Fiscal 2012 was a year of great progress for Family Dollar," company chairman and CEO Howard Levine said. "We expanded our merchandise assortment to increase our relevancy to our customers, we continued to improve the shoppability of our stores and we repositioned our leadership team to better support our growth."
Among the accomplishments the company highlighted were the opening of 475 new stores, including 41 stores in California, and the renovation, relocation and expansion of 854 stores. The company expanded assortments in key consumable categories of food and health and beauty aids and introduced new categories, such as tobacco, magazines and gift cards. To support its growth, Family Dollar opened its 10th distribution center and began construction of an 11th facility.
"These accomplishments position us well for continued growth in fiscal 2013 and beyond," Levine said. "This year, as we work to drive further benefit from the investments we made in fiscal 2012, we will focus on enhancing the shopping experience in our stores, increasing inventory productivity, improving store-level processes, and driving greater profitability."
Looking ahead, Family Dollar indicated it plans to accelerate the breakneck pace of growth it has experienced in recent years. In addition to opening 500 new stores, Family Dollar expects 2013 will see the company generate same store sale in the range of 4% to 6% and full year earnings per share will range from $4.10 to $4.40.
"Our financial goals over the next three to five years are to consistently deliver five to seven percent net new store growth, mid-single-digit comp sales growth, operating margin expansion and double-digit earnings per share growth," Levine said. "Our plans for fiscal 2013 align nicely with these long-term goals."