St. Ives offers Sensory Spa & Gallery at Sundance
Park City, Utah Alberto-Culver’s St. Ives brand has set up a Sensory Spa & Gallery to pamper VIP guests at this year’s Sundance Film Festival held here.
The St. Ives Sensory Spa & Gallery features star spa treatments and an exclusive nature-inspired art exhibition by artist Laurel True.”We are thrilled to be back in Park City for the second year in a row. Park City’s natural beauty and the wonderful energy of the film festival are the ideal setting to showcase our products. And this year we are offering luxury exfoliating treatments from head to toe. We’re also pleased to be giving back to the community through our partnerships with Laurel True,” stated David Kroll, VP U.S. marketing for Alberto-Culver.The four-day Sensory Spa & Gallery and Mosaic art exhibition wraps up with party on Jan. 21 to celebrate the premiere of “Motherhood,” starring Uma Thurman, Minnie Driver and Anthony Edwards.
Estee Lauder lowers outlook in light of economy, slow holiday sales
NEW YORK The Estee Lauder Companies has lowered its second quarter expectations and full year outlook in light of the economy crisis and a disappointing holiday shopping season.
“The unprecedented global economic crisis produced one of the worst holiday seasons in decades, with many U.S. retailers experiencing double-digit sales declines in nearly all categories,” stated William P. Lauder, CEO. “Our business was no exception to the downturn inconsumer spending and our second quarter results will come in lower than expected. Nevertheless, we believe we are growing global market share, even in the exceptionally challenging United States, with some of our brands generating share improvements during the quarter. We believe the current economic conditions, coupled with significant retailer destocking, will continue to negatively affect our sales for the balance of our fiscal year.”
The company now expects net sales for the second quarter to decrease about 6% on a constant currency basis versus last fiscal year’s second quarter. Previous expectations were of sales growth between 2% and 3%. In addition, the adverse effect of exchange rates is forecasted to lower reported sales for the second quarter by about 6.5%. Given the revised sales expectations, the company anticipates that diluted net earnings per share for the quarter will range between 75 cents and 82 cents.
Net sales for the fiscal 2009 full year are expected to be flat to down 3% on a constant currency basis. This compares with its previousguidance of 3% to 5% sales growth. Foreign currency translation is expected to negatively impact net sales by 5% to 7% versus the prior year. As a result, the company expects diluted net earnings per share for fiscal 2009 to be between $1.30 and $1.60. Theseexpectations exclude potential restructuring charges that the company may record by the end of the fiscal year.
Galderma Labs develops new Cetaphil UVA/UVB Defense SPF 50
FORT WORTH, Texas Galderma Laboratories is expanding its line of Cetaphil facial care products with the February launch of the new Cetaphil UVA/UVB Defense SPF 50.
The product is designed to provide broad spectrum SPF protection with a blend of five filters and is infused with titanium dioxide to block UVA/UVB rays.
The product, which is fragrance-free and non-comedogenic, is suitable for people with acne, rosacea, melasma and other skin-related conditioners where a hydrating formula with SPF protection is recommended.
The average price is $13.99.