Physicians Formula reports net loss in Q4
AZUSA, Calif. Physicians Formula Holdings posted a net loss during the fourth quarter, as consumer spending slowed and retailers tightened inventory control. The beauty company expects the challenging retail environment to continue in 2009.
Net sales for the fourth quarter ended Dec. 31, 2008 were $28.2 million, compared with net sales of $33.9 million in the year-ago period.
Net loss for the quarter was $24.5 million, or a loss of $1.80 per diluted share, compared with net income of $4.9 million, or a gain of 33 cents per diluted share, in the year-ago period. Excluding non-cash goodwill and intangible asset impairment charges, adjusted net income per diluted common share for fourth quarter 2008 was 13 cents.
Net sales for the full year 2008 were $114 million, up 2.2% compared with net sales of $111.5 million for 2007. Net loss for 2008 totaled $19.8 million, or a loss of $1.41 per diluted share, compared with a gain in the year-ago period of $8.7 million, or 60 cents per share. Excluding non-cash goodwill and intangible impairment charges, adjusted net income per diluted common share was 47 cents for 2008.
“Our 2009 strategic initiatives, including new product offerings, our new communication, promotional and merchandising platforms, were designed to raise the profile of our brand, to continue to push the boundaries of innovation and to improve the shopping experience,” stated Ingrid Jackel, chairwoman, CEO of Physicians Formula. “However, during the first quarter of the year, retailers continue to operate under unprecedented tight inventory control programs and, in addition, we are experiencing smaller pipeline orders compared to last year?s larger pipelines from space gains. We expect 2009 will continue to be a very challenging retail environment for our industry.”
Three brands to advertise on StoreBoard Media’s security pedestals
NEW YORK Alberto Culver’s Nexxus, Cadbury’s Halls and Kao’s Curel brands have signed on to advertise on StoreBoard Media’s security pedestal media, StoreBoard Media recently announced.
The three brands are currently featured on StoreBoard’s EyeCurve billboards at the entranceways of pharmacy retailers nationwide. The campaigns will run through April 19.
Nexxus and Halls are returning StoreBoard shopper-marketing advertisers, while Curel is making its StoreBoard debut.
StoreBoard shares its revenues with retailers, and because StoreBoard sells its product as media rather than promotion the retailers gain access to new marketing dollars from brands, the company stated.
StoreBoard sells its advertising in four-week cycles. The Nexxus, Halls and Curel campaigns comprise the fourth cycle for 2009.
EcoTools donates 1% of 2008 profits to environmental, conservation charities
NEW YORK EcoTools, a Paris Presents brand and the marketer of eco-conscious personal care products, has donated 1% of 2008 sales to EarthShare, a national federation that supports environmental and conservation charities.
EcoTools is a member of 1% For The Planet, an alliance of businesses that support environmental initiatives. Each member donates 1% of annual revenue to environmental causes. This year, EcoTools’ donation will benefit EarthShare.
EarthShare’s mission is to engage individuals and organizations in supporting a healthy and sustainable environment through education, awareness and charitable giving. EarthShare’s member charities work to combat global warming, protect ancient forests, save endangered species, protect the water we drink and the food we eat, and more. Through its donation, EcoTools is helping EarthShare support the charities that make these initiatives a reality, the company stated.
“EcoTOOLS is committed to not only beautifying our customers, but also the planet. By supporting 1% For The Planet and EarthShare, we hope to help achieve a more fruitful and healthy Mother Earth,” stated Jen Ball, director, product development and strategy for Paris Presents.