Schick adds eco-friendly razor to Xtreme3 line
SHELTON, Conn. — Schick is touting a disposable razor that features a handle made of 100% recycled plastic, in addition to 100% post-consumer paper in its packaging.
Available for both men and women, Schick Xtreme3 Eco, the company said, will save more than 103,000 lb.s of virgin plastic material and 15,500 lbs. of virgin paper from going into landfills each year through the use of the recyclable materials.
“We know consumers are doing their part to live more sustainably, and we wanted to provide a simple way for them to do so with their shave,” said Suma Nagaraj, brand manager for Schick Xtreme3. “At Schick, we’re taking proactive steps to minimize the impact of our products and manufacturing processes on the environment, and we’re continually looking for ways to improve—creating this product was the next step in our journey.”
Schick Xtreme3 Eco is available at Walmart and will be distributed nationwide in April.
Procter & Gamble announces second-quarter results
CINCINNATI — Procter & Gamble announced on Friday that second-quarter net sales and organic sales rose 4% as net earnings dropped 49%.
“We continue to make progress against our key business priorities in the difficult macroeconomic environment,” stated chairman, president and CEO Bob McDonald. “We delivered solid top-line growth and continued to accelerate productivity improvements to drive down costs. With the easing of commodity cost comparisons over the next two quarters, continued solid top-line growth and cost savings progress, we expect operating profit growth to accelerate in the second half of the fiscal year.”
Net sales for the October to December quarter rose 4% to $22.1 billion.
Net earnings totaled $1.71 billion, or 57 cents per diluted share, compared with $3.36 billion, or $1.11 diluted earnings per share, in the year-ago period.
In beauty, net sales rose 1% to $5.4 billion, as organic sales grew 2%. In grooming, net sales rose 1% to $2.2 billion, as organic sales were up 2%.
As part of its effort to improve productivity, the company stated during the conference call with analysts that it is cutting about 1,600 positions by the end of the fiscal year.
“We’ll achieve this objective through the combination of selective hiring, normal attrition and our restructuring efforts. The reductions this year should yield annual savings of around $240 million before tax. Our efforts to reduce costs in nonmanufacturing portions of the organization will go beyond this fiscal year,” Jon Moeller, P&G CFO, told analysts.
In addition, the company is consolidating its supply-planning activities into central hubs, including one recently opened in Cincinnati. It also has inked an outsourcing arrangement for U.S. in-store detailing work and believes the efforts will improve speed and agility and improve supply chain efficiency while reducing costs.
It also is reducing the number of technical centers it operates globally and opening new technical centers in developing markets, such as the new facility being built in Singapore and the expansion of its research and development center in Beijing.
New CeraVe SA renewing lotion exfoliates to help battle ‘chicken skin’
BRIDGEWATER, N.J. — Coria Labs, a division of Valeant Pharmaceuticals North America, is expanding its line of CeraVe moisturizers and cleansers with the new CeraVe SA renewing lotion.
As with all CeraVe products, the newest formulation features ceramides to help restore, repair and maintain the skin barrier. However, this product goes even further with the addition of salicylic acid and ammonium lactate to help loosen and exfoliate dead skin cells. Vitamin D is also present to help keep skin looking smooth and hydrated.
The ingredients work to exfoliate, smooth and soften extremely dry, rough, bumpy skin — like those rough patches often found on upper arms and legs that are sometimes referred to as “chicken skin.”
CeraVe’s patented Multivescular Emulsion technology delivers the ingredients deep into skin layers over time where they can help repair and renew skin. The technology creates a controlled release of key ingredients so skin is continuously being nourished and hydrated throughout the day, the company stated.
The new CeraVe SA renewing lotion has a suggested retail price of $14.99.