High-end retailers set to launch beauty giveaways to begin Jan. 20
NEW YORK Beginning next week, several high-end retailers will give away $175 million worth of free cosmetic products as part of a class action settlement.
Department stores such as Macy’s, Neiman Marcus, Saks Fifth Avenue and Nordstrom will give away beginning Jan. 20 free cosmetic products to shoppers who bought certain cosmetics between May 29, 1994 and July 16, 2003. No rainchecks will be issued and the give away will last for a maximum of seven days while supplies last.
Shoppers will be permitted to receive one product made from such cosmetic companies as Chanel, Estee Lauder Companies and L’Oreal USA.
The offer is part of an agreement to settle a suit filed in 2003. The suit alleges stores tried to limit sales and cut back on the amount of cosmetics in their inventory in an effort to keep prices and competition high.
National Eczema Association accepts Theraplex skin treatment products
MEMPHIS, Tenn. The National Eczema Association on Tuesday awarded its Seal of Acceptance to Theraplex Emollient and Theraplex Clear Lotion.
“These products met our criteria for having no irritating ingredients and being suitable for people with eczema,” said Julie Block, NEA vice president. “Our Review Panel members considered the clinical studies carefully. … Theraplex received an EASE rating of 5 out of 5 possible points because these products do not contain known irritants to eczema or sensitive skin at any level.”
The NEA Seal of Acceptance is part of the association’s Eczema & Sensitive-Skin Education program, which is intended to improve the quality of life for people who suffer from eczema and sensitive skin.
“We are very proud of this special designation because it recognizes our products’ effectiveness in restoring the skin’s moisture,” commented Michael Pietrangelo, managing partner of The Theraplex Company. “Clinical studies have shown that Theraplex stops and prevents the vicious cycle of persistent dry skin by delivering moisture deep into the epidermal layer to restore skin to good health so it can resist moisture loss,” he said.
Theraplex moisturizers are available from pharmacists behind the pharmacy counter at stores Walgreens, Rite Aid, CVS/pharmacy, Costco and several independent pharmacies, Pietrangelo said.
Prestige Brands announces Q4, fiscal year results
IRVINGTON, N.Y. Prestige Brands on Thursday reported a 13.9% quarterly decline across its over-the-counter portfolio of brands for the fourth quarter ended March 31.
Net revenues for the segment totaled $39.8 million, representing “shortfalls” on Chloraseptic, Compound W, Wartner, Murine ear, Dermoplast and The Doctor’s brands.
“Partially offsetting these declines were increases in sales of Little Remedies and New Skin as well as sales of the new Chloraseptic and Little Allergies Allergen Block products,” the company stated.
For the fiscal year across all segments, Prestige total revenues fell 4.3% to $312.7 million.