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New Revlon Nano Diamond styling tools hit retail

BY Antoinette Alexander

EL PASO, Texas — Diamonds are a girl’s best friend — in hair care appliances? Revlon thinks so and has launched a set of styling tools for the retail market dubbed Nano Diamond.

Diamonds deliver the highest thermal conductivity of any known solid, and low friction for improved heat transfer and faster, smoother, snag-free styling, according to the company. Tourmaline and ceramic also can be found in this line for frizz-free locks, shiny strands and even heat transfer for healthier results.
 
The line includes:

  •  1875W full performance dryer ($24.99)
  • 2-in-1 styler for straight styles and curls ($29.99)
  • 1” plates digital straightener ($29.99)
  • ¾” slim retro wave specialty iron ($29.99)
  • 1”retractable curling iron, even when hot ($29.99)

Many of the styling tools can be found at Ulta Beauty, Walmart and Kmart for suggested retail price of $24.99 to $29.99.
 

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Kline: Personal care market ripe for acquisitions

BY Antoinette Alexander

PARSIPPANY, N.J. — The U.S. cosmetics and toiletries market posted 3.4% growth in 2012, with sales signifying success for both key and niche industry players, according to the recently published Cosmetics & Toiletries USA report by global consulting and research firm Kline & Co. However, it is at the macro level that the flourishing personal care market is offering the most promise.
 
Procter & Gamble maintains its lead in the U.S. personal care market; however, its market share across multiple categories is being challenged. With the exception of P&G, major companies — in particular, L’Oréal and Estée Lauder — are enjoying steady growth. Of particular note, smaller companies are making strong headway and highly viable impressions, according to Kline.
 
Smaller companies are increasingly attractive acquisition prospects by larger, cashed-up, and savvy players. For example, earlier this year, L’Oréal’s CEO Jean-Paul Agon announced that he was ready to make acquisitions to maintain growth, and this has already been borne out by the recent acquisition of Interconsumer Products, one of Kenya’s largest manufacturers of personal care and beauty products.
 
“Clearly, companies continue to emphasize growth agendas and make significant funding available — both strategic and financial sponsors — to realize such aspirations. Such an improving environment is increasingly attractive for M&A and a growing number of smaller, often privately-held cosmetic and toiletry companies are contemplating, developing and/or executing exits. As such, 2013 portends to offer even greater deal flow as many companies look to invest in new growth opportunities,” stated Eric Vogelsberg, SVP at Kline’s M&A Advisory.
 

In terms of the overall cosmetics and toiletries market performance, the nail polishes category claims the most success, shining with 17.4% growth, fueled by continual innovation and high consumer demand, Kline stated. In addition, skin care products for men showed a strong performance in 2012, gaining traction with brands such as Lab Series Skincare for Men by Estée Lauder and Anthony Logistics for Men by Anthony Brands, which posted double-digit growth.

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P&G posts Q3 results up 2%

BY Antoinette Alexander

CINCINNATI — Procter & Gamble has announced that third-quarter sales rose 2% as net earnings per share rose 7%.

“We delivered another quarter of steady progress,” stated chairman, president and CEO, Bob McDonald. “Top-line growth was in line with our expectations. Market shares improved broadly. Strong cost savings enabled us to exceed our outlook on the bottom line. We increased our dividend earlier this month, and we are now projecting to repurchase $6 billion in stock, which is at the high end of our estimated range. We expect further top-line improvement in the fourth quarter, driven by innovation and portfolio expansion, enabled by continued productivity improvement.”

Net sales increased 2% to $20.6 billion in the January-to-March quarter, including unfavorable foreign exchange of 1%. Organic sales grew 3%.
 
Diluted net earnings per share were 88 cents, an increase of 7% versus the prior year period. Excluding noncore charges of 11 cents per share in the current year, core earnings per share were 99 cents, an increase of 5% versus the prior year period.

Net sales decreased 2% in hair care and skin care in a period of heavy competitive product and promotional activity. Meanwhile, blades and razors net sales increased versus the prior year driven primarily by innovation in the United States and pricing and product mix improvement in developing regions, P&G stated. Oral Care net sales also grew in developed and developing markets due to innovation and portfolio expansion.

 

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