BEAUTY CARE

Revlon releases assortment of hand, nail and foot implements

BY Antoinette Alexander

NEW YORK Spring is just around the corner, which means sandal weather will soon be here, so Revlon is looking to help women beautify their feet, as well as hands, with an array of new implements.

To treat feet, Revlon launched in January the new Pedi-Expert pedicure kit that includes a clipper, file and the new Pedi-Expert tool. The Pedi-Expert tool is designed to whisk away callus roughness and smoothly soften the skin. The product has a lifetime guarantee so there’s no need to purchase replacement blades. The kit retails for $9.99.

To clip nails, there’s also the new Easy Squeeze Nail Clip with a two-toned gold and silver finish. The clippers work in either hand and are designed for those who have trouble getting a good grip with smaller clippers. The suggested retail price is $2.99.

To clip cuticles, there’s the new Easy Squeeze Cuticle Nippers with the same two-toned gold and silver finish. The suggested retail price is $3.99.

To gently file and smooth nails, there’s the Ceramic Stone Nail File. The handle doubles as cuticle pusher. The suggested retail price is $4.99.

Additional grooming products hitting shelves in January include the Revlon Travel Mirror Compact ($4.99), Revlon Pre/Post Tweezing Cream ($5.99) and Revlon Brow Styling Gel ($5.99).

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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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