3M launches Nexcare with Microvex cold sore remedy
DESTIN, Fla. 3M in March debuted a new cold sore treatment, called Nexcare with Microvex Cold Sore Treatment, at the ECRM Cough/Cold and Allergy conference in Destin, Fla. The new cold sore remedy contains benzocaine for pain relief and allantoin as a skin protectant, as well as vitamins E and C and tee tree oil.
The bevy of ingredients is designed to provide fast pain relief, soften scabs and protect and relieve chapped lips, all with a non-greasy formula.
According to 3M research, cold sore remedies are not seasonal—the approximated 60 million sufferers buy all year long. Winter is the heaviest season, with 33 percent of sufferers seeking relief, followed by 23 percent who seek relief in the fall and summer and 21 percent who seek relief in the spring.
“We’re very excited to supplement our successful skin care line by launching into a new category where Nexcare products can make a difference in the lives of cold sore sufferers,” stated General Manager of 3M’s Consumer Health Care Department, Paul Hansen. “3M enjoys a strong legacy of advances in the healthcare space, with 60 years of product development for professional clinicians, and a nearly 30-year history of innovations focused on skin wellness.”
Consumer technology sales jump 7 percent in May
PORT WASHINGTON, N.Y. Consumers spending their economic stimulus checks helped consumer technology sales jump 7 percent to $5.4 billion in May, the biggest monthly increase of 2008.
Notebook computers and LCD TVs were the strongest categories followed by digital cameras, MP3 players, inkjet cartridges and desktop computers.
Consumer technology spending had been down 5 percent from January through April. “The stimulus checks played a part in the positive results we saw in May but we still have a lot of ground to make up,” said Stephen Baker, vice president of industry analysis for the NPD Group.
Blu-Ray on pace for $1 billion in 2008 sales
LAS VEGAS Home entertainment executives said they expect the Blu-Ray DVD format to gain traction this year and approach $1 billion in sales as player prices fall and consumer awareness rises.
“I think we’re going to come close to $1 billion in software sales for 2008,” 20th Century Fox Home Entertainment president Mike Dunn told retailers at the 27th annual Home Media Expo in Las Vegas this morning. That compares to just $260 million generated by Blu-Ray in 2007.
While those sales will represent only 7 percent of the $15 billion in total DVD sales expected in 2008, they’ll more than double to $2.5 billion in 2009 and overtake standard DVD by 2012, according to the Entertainment Merchandisers Association. The industry is counting on Blu-Ray to reinvigorate the DVD business, where sales were flat last year and are expected to decline the next few years.
During the Home Media Expo opening session June 24, Blockbuster Entertainment president Jim Keyes told the audience more than 2,000 Blockbuster stores now have Blu-Ray display areas that give customers a side-by-side comparison of movies on Blu-Ray compared to standard DVD.
Keyes said the chain is also training employees to explain the benefits of the high definition format. “This is the first time in a quite a while that we’ve had something really new to talk about in stores,” said Keyes.
But Forrester Research principle analyst James McQuivey said it would take at least another year for consumers to get on the Blu-Ray bandwagon. “I don’t think you’re really going to see it happen until the 2009 holiday season,” said McQuivey.