BEAUTY CARE

Panasonic develops new gel nail polish remover for at-home use

BY Antoinette Alexander

LAS VEGAS — Panasonic announced on Monday the introduction of the ES-WC30 Gel Nail Polish Remover. 

The product is an extension to the line of recently launched compact beauty products, which includes the Precision Body Shaver, Precision Facial Hair Trimmer, Heated Eyelash Curler and Compact Battery-Powered Toothbrush.

As the new trend of gel nail polish continues to grow and becomes increasingly popular, consumers who want to remove their gel nail polish can either visit the salon for removal or are faced with the task of at-home removal.  The Panasonic ES-WC30 Gel Nail Polish Remover is designed to quickly and painlessly remove gel nail polish, providing users with easy nail care at home. 

The battery-operated device features a gel sanding attachment to quickly buff gel nails, making it easier for nail polish remover to penetrate.  After a user applies a nail polish remover and gel is softened, it can then be easily removed using the decoration remover and cuticle care attachment, which gently peels gel nail polish from nails.

In addition to easy gel nail polish removal at home, the Panasonic ES-WC30 Gel Nail Polish Remover promises to provide salon-grade treatment for nails.  Nails can be quickly shaped using the filing attachment, which files the nail at a 45-degree angle, preventing brittle nails from splitting.  In addition, the decoration remover and cuticle care attachment was designed to fit the curve of one’s nail, to gently push cuticles back to the base.

The Panasonic ES-WC30 Gel Nail Polish Remover will be available in the spring of 2013 and pricing will be announced prior to ship date.

 

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Former Coty CEO Bernd Beetz joins Archetypes’ board of directors

BY Antoinette Alexander

NEW YORK — Bernd Beetz, former CEO of Coty, has been appointed to the board of directors of Archetypes, a personal lifestyle company that was founded on the philosophy of archetypes.

“I am excited to be involved with such an innovative company where content, lifestyle and community truly come together in a personalized way. I’ve seen my fair share of great brands, and I believe in Archetypes’ potential,” Beetz stated.

Under Beetz’s leadership as CEO of Coty from 2001, Coty grew into an emerging global leader in beauty. Prior to his time at Coty, Beetz served as president and CEO of LVMH-owned Parfums Christian Dior France for more than two years, relaunching the business with major success. Before Dior, Beetz had a 20-year tenure at Procter & Gamble, and during his last position, he served as president on the European health and beauty categories.

Beetz serves on the board of Coty as a nonexecutive director. Beetz is also the director of the New York division of March of Dimes Birth Defects Foundation. He was formerly on the board at Maidenform Brands.

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Ulta Beauty sees 23.2% boost in holiday sales

BY Antoinette Alexander

BOLINGBROOK, Ill. — Ulta Beauty announced on Friday that holiday sales experienced robust double-digit growth as sales “strongly” rebounded the weekend before Christmas.

Total sales for the seven-week holiday period were $475.6 million, a 23.2% increase from the prior year holiday period’s sales of $386 million. Comparable-store sales for the 2012 holiday period increased 7.4%, on top of a 12.6% increase during the same period in the prior year. Over a two-year period, comparable-store sales increased 20%. The company’s comparable store sales exclude e-commerce sales.

“We were pleased with our holiday sales performance given the numerous national news events that appeared to have curtailed customer purchasing behavior across most of retail. After a record sales performance during the Black Friday and Cyber Monday weekend, sales in December slowed before strongly rebounding the weekend before Christmas. Customers were more sensitive to value as they shopped our stores and online throughout the holiday period. We believe we gained market share across our major categories, with prestige skin care and cosmetics delivering our strongest growth. We are confident our strategy will continue to drive market share gains and positions us well for long-term growth,” stated Chuck Rubin, president and CEO.

In addition, the beauty retailer reaffirmed its fourth quarter fiscal 2012 outlook that was provided in conjunction with its third quarter fiscal 2012 results announced on Nov. 29.

The company expects fourth quarter fiscal 2012 net sales in the range of $742 million to $754 million. Fourth quarter fiscal 2011 net sales were $582.5 million.

Comparable-store sales for the fourth quarter of fiscal 2012 are expected to increase in a range of 5% to 7%, which includes the impact from Hurricane Sandy. Fourth quarter fiscal 2011 comparable sales increased 11.5%. This sales guidance range reflects expectations for two-year comparable-store sales to increase 16.5% to 18.5%, the company stated.

Income per diluted share for the fourth quarter of fiscal 2012 is estimated to be in the range of 96 cents to 98 cents. This compares with income per diluted share for the fourth quarter of 2011 of 73 cents.

 

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