BEAUTY CARE

Sally Hansen introduces new at-home gel manicure systems

BY Antoinette Alexander

NEW YORK — Coty’s Sally Hansen brand has officially announced the November launch of its new Salon InstaGel Strips and Salon GelPolish, the latest entry into the growing at-home gel polish market.

The two new systems equip beauty mavens with everything they need to replicate a salon gel manicure at home at a fraction of the cost.

The Salon InstaGel Strips is a breakthrough, easy-to-use innovation exclusive to Sally Hansen featuring UV-cured real nail polish appliqués.

How the two-step gel manicure works: Cleanse nails and apply the nail polish strips, then apply the gel topcoat. Cure nails under the mini LED light and swipe nails with the cleaning pad. Available in 16 solid colors and eight designs and infused with vitamin E, the strips come off with acetone polish remover.

The Starter Kit features everything needed for a complete Salon InstaGel Strips manicure, including:

  • 16 cured real nail polish appliqués (eight size choices for the perfect fit);
  • Quick-Cure gel topcoat;
  • Mini LED light; and
  • Application accessories: Cuticle stick, buffer and alcohol cleaning pad.

The Salon GelPolish delivers the salon experience at home with 16 exclusive shades. The system cures nails using an LED light for a fast, long-lasting gel manicure with no dry time. In three steps — applying base coat, gel nail color and gel topcoat — the system promises to deliver salon results. The Starter Kit offers up to 10 manicures, from prep to application to removal:

  • Cleanser pads;
  • Base coat;
  • Color (choice of three shades);
  • Topcoat;
  • Remover;
  • LED light; and
  • Application accessories: Cuticle stick, buffer and alcohol cleaning pad.

Ready to keep coloring? Replenish the gel manicure essentials with the Prep Kit, which includes base coat, topcoat and cleanser pads.

The Salon InstaGel Strips Starter Kit is priced at $29.99. The Salon GelPolish Starter Kit is $69.99, and the Refill Kit is $19.99. Also available for sale separately: Salon InstaGel Strips at $14.99; base coat, topcoat and nail color are $12.99 each; alcohol wipes and remover are $4.99 each.

 

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P&G sees increase in 1Q core EPS

BY Antoinette Alexander

CINCINNATI — Procter & Gamble announced on Thursday a decrease in both first-quarter net sales and diluted earnings per share from continuing operations, as core earnings per share rose 5%.

For the July-September period, net sales totaled $20.7 billion, a decrease of 4% compared with the year-ago period — including a negative 6% impact from foreign exchange.

Diluted net earnings per share from continuing operations were 96 cents, a decrease of 5% due to noncore charges of 10 cents. Core earnings per share rose 5%, to $1.06 for the quarter.

“Our first-quarter results put us on track to deliver our commitments for the fiscal year. Results were at the high end of expectations on the top line and ahead of plan on operating profit, earnings per share and cash,” stated chairman, president and CEO Bob McDonald. “We are continuing to focus on executing our growth and productivity strategy – maintaining momentum in developing markets, strengthening our core developed market business, building a strong innovation pipeline, and aggressively driving cost savings and productivity improvements. We’re confident that this strategy will enable P&G to generate superior levels of shareholder return in both the short- and long-term.”

For the October-December quarter, P&G expects core EPS in the range of $1.07 to $1.13, down 2% to up 4%, compared with prior year core EPS of $1.09. On an all-in basis, P&G is forecasting earnings per share in the range of $1.18 to $1.25, an increase of 111% to 123% versus prior year EPS from continuing operations of 56 cents.
 

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Colgate releases 3Q results, announces four-year restructuring program

BY Antoinette Alexander

NEW YORK — Colgate-Palmolive reported on Thursday a dip in third-quarter sales and unveiled a four-year restructuring program that involves a 6% reduction in its global employee workforce.

The program’s initiatives are expected to help Colgate ensure continued worldwide growth in unit volume, organic sales and earnings per share and enhance its global leadership positions in its core businesses, the company stated. Savings are projected to be in the range of $365 million to $435 million ($275 million to $325 million after tax) annually by the fourth year of the program.

Initiatives under the program will focus on the following three areas:

  • Expanding Commercial Hubs – Building on this structure already implemented in several divisions, continue to cluster single-country subsidiaries into more efficient regional hubs, in order to drive smarter and faster decision making, strengthen capabilities available on the ground and improve cost structure.
  • Extending Shared Business Services and Streamlining Global Functions – Implementing the company’s shared service organizational model, already implemented in Europe, in all regions of the world. Initially focused on finance and accounting, these shared services will be expanded to additional functional areas to streamline global functions.
  • Optimizing Global Supply Chain and Facilities – Continuing to optimize manufacturing efficiencies, global warehouse networks and office locations for greater efficiency, lower cost and speed to bring innovation to market.

It is expected that by the end of 2016, the restructuring program will reduce the company’s global employee workforce by approximately 6% from the current level of 38,600, the company stated.

 “As we look ahead to 2013, while our global budget process is still in its initial stages, based on the company’s current growth momentum, our confidence in this new efficiency program in addition to our ongoing funding-the-growth and strategic worldwide pricing efforts, we are planning for a return to our long-term target of double-digit earnings per share growth on a dollar basis and another year of gross margin expansion, excluding charges related to the 2012 restructuring program,” stated Ian Cook, chairman, president and CEO.

For the third quarter, the company posted worldwide net sales of $4.33 billion, a decrease of 1% compared with the year-ago period.

Net income and diluted earnings per share were $654 million and $1.36, respectively. Net income and diluted earnings per share in third quarter 2011 were $643 million and $1.31, respectively.

In North America, net sales rose 2.5%, and operating profit rose 3% during the quarter to $219 million, or 27.5% of net sales.

In the United States, Colgate’s toothpaste market share reached 36.2% year-to-date, up 1.2 share points versus a year ago, driven by strong sales of Colgate Optic White toothpaste. In manual toothbrushes, Colgate’s market share reached 37.3% year to date, up 1.8 share points versus a year ago, driven by the success of Colgate 360° Optic White, Colgate 360° Sensitive Pro-Relief, Colgate 360° Total Advanced and Colgate Extra Clean manual toothbrushes, the company stated.

 

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