BEAUTY CARE

CVS/pharmacy contributes $100,000 to children’s health charities

BY Antoinette Alexander

LOS ANGELES CVS/pharmacy donated $100,000 to two charities on behalf of celebrities attending Access Hollywood’s “Stuff You Must” Lounge over the weekend.

Celebrity representatives Vanessa Hudgens  (“High School Musical 3”) and Taylor Lautner, (“Twilight”) accepted the check from CVS/pharmacy on behalf of the two charities supported by Access Hollywood hosts Nancy O’Dell and Billy Bush.

The donations are part of CVS/pharmacy’s third consecutive beauty sponsorship of the lounge, which celebrates the nominees and presenters while giving back to the community.

In addition to the monetary donation from the pharmacy retailer, beneficiaries from the two affiliated charities—Best Buddies and Lollipop Theater Network—received the celebrity treatment with gift bags and pampering at CVS/pharmacy’s spa and gifting suite at the lounge.

The lounge, which was open Friday and Saturday, featured hairstyling by celebrity stylist Cristophe, aromatherapy massages with Vickery & Clarke Natural Apothecary and beauty products from the CVS/pharmacy Reinventing Beauty Bar.

Attendees were also introduced to Beauty 360, the company’s new prestige beauty concept store, at the Beauty 360 Prestige Suite, where they received makeup applications from Laura Geller of Laura Geller Makeup, and skin care consultations and treatments from Scott-Vincent Borba of Borba, as well as a selection of luxury and niche beauty products.

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BEAUTY CARE

Ulta lowers guidance, despite comps rebound

BY Antoinette Alexander

ROMEOVILLE, Ill. Ulta experienced a drop in customer traffic in the days leading up to Christmas and, despite a rebound to positive comps since the holiday, the beauty retailer has lowered its guidance.

“We were on track during the early weeks of the fourth quarter to deliver our guidance; however, we experienced a significant drop in customer traffic in the 10 key days leading up to Christmas,” stated Lyn Kirby, president and CEO. “We believe that the unprecedented level of discounting and promotion in the apparel category in the last days before Christmas resulted in consumers favoring apparel. Additionally, our customer traffic was negatively impacted by the unusually bad weather just prior to Christmas.”

 Kirby noted that the company will continue to work to bolster market share by investing in its stores, brand, marketing and talent. The company, which operates 304 stores across 35 states, has “the financial flexibility to invest in market share strategies and square footage expansion,” Kirby stated.

For the fourth, the company now estimates sales to be between $339 million and $343 million. Previously, the company expected sales to be between $354 million and $368 million. Same-store sales are expected to be between minus 6% and minus 5%, compared with its previous guidance of minus 2% and plus 2%. Income per diluted share is expected to range between 18 cents and 19 cents compared with its previous guidance of between 24 cents and 28 cents.

For the full year, the company now expects net sales to range between $1.082 billion and $1.086 billion compared with its previous guidance of between $1.1 billion and $1.11 billion. Same-store sales are expected to be flat to plus 0.4%. Income per diluted share is currently estimated to be between 41 cents and 42 cents. Previously, the company expected income per diluted share to be between 47 cents and 51 cents. The full year guidance excludes the 1 cent per share severance expense.

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Coty announces new CFO

BY Antoinette Alexander

NEW YORK Coty Inc. has confirmed that Michael Fishoff, Coty’s CFO, left the company at the end of December.

He will be replaced by Sergio Pedreiro, who most recently was CFO of the Brazil-based logistics company America Latina Logistica, known as ALL.

Pedreiro is scheduled to begin his new role at Coty on Feb. 1.

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