Giving hair a ‘soft lift’
NEW YORK —Garnier is taking hair color to a new level in 2010 with the launch of Garnier HerbaShine color cream with bamboo extract, the first and only ammonia-free hair color with bamboo extract that offers a “soft lift” in color in 10 minutes.
The new hair color is ideal for those who are new to coloring their hair, whether it be at-home color or salon-applied, and those who are looking to curb spending by coloring their own hair or trying to prolong time between salon visits.
In March 2009, the Professional Beauty Association, which is comprised of salons, spas, distributors and manufacturers, acknowledged the downward pressures facing hair salons. Trends identified by the PBA included longer periods between coloring appointments and consumers coloring their own hair.
The new HerbaShine is neither a semi-permanent nor a demi-permanent, but is what Garnier refers to as a “soft lift” because it can lift hair up to a single level, covers gray up to 70% and provides natural results without an obvious root line.
The new Garner HerbaShine, available in 18 shades, has a suggested retail price of $7.99.
Former P&G executive becomes Armstrong CFO
LANCASTER, Pa. Lancaster, Pa.-based Armstrong World Industries announced it has named Thomas Mangas SVP and CFO effective Feb. 1.
Mangas most recently served as VP and CFO of the beauty and grooming business of Proctor & Gamble, a $28 billion dollar business.
“We are pleased to have an executive of Tom’s caliber from a world-class company like Procter & Gamble join Armstrong at this exciting time in Armstrong’s history,” Michael Lockhart, chairman and CEO. “His background and expertise will be important aids to realizing our significant sales growth and margin expansion objectives over the next several years.”
Armstrong World Industries is a leader in design and manufacturing of floors, ceilings and cabinets.
Ulta reports increase in holiday sales, raises outlook
BOLINGBROOK, Ill. Beauty retailer Ulta announced on Thursday that holiday same-store sales increased 7.9% and, due to the boost in sales, it has increased its fourth-quarter fiscal 2009 outlook.
Total sales for the seven-week holiday period from Nov. 15, 2009, to Jan. 2, 2010, were $262.2 million, an 18.2% increase from the prior-year holiday period of $221.9 million. Same-store sales increased 7.9%, compared with a 5.8% decrease during the same-period in the prior year, resulting in a two-year, same-store sales increase of 2.1%.
“The combination of dynamic marketing, compelling offerings and enticing value drove an 8.8% increase in customer traffic, which led to a better-than-expected performance for the holiday season. The period also benefited from a less promotional gift-giving environment across retail versus last year, especially in apparel,” stated Lyn Kirby, Ulta’s president and CEO. “As a result, we improved our merchandise margin and leveraged our marketing spend as a percentage of net sales, as compared to last year. Based on our holiday results, we have raised our fourth-quarter expectations for sales and earnings.”
Driven by favorable holiday sales, the company currently expects fourth-quarter fiscal 2009 net sales in the range of $388 million to $392 million, versus its previous guidance for fourth-quarter fiscal 2009 net sales in the range of $362 million to $376 million. Fourth-quarter fiscal 2008 net sales were $341.4 million.