Gucci Launching Cosmetics
The Gucci Cosmetics range, set to bow internationally in September, offers eye, face, lip, nail and skin preparation products that echo its fashion. Produced under a long-standing licensing deal with P&G Prestige, the cosmetics range will be fronted by Charlotte Casiraghi in an advertising campaign in print, on TV and across the Web.
The Gucci Cosmetics line aims to win over die-hard Gucci fans and new consumers with its high-tech, high-performance products, such as an impact long-wear eye pencil that defines the lash line and, once smudged, will set and last, and a triangular bristled brush for more precise nail polish application. A set of eight natural hairbrushes will also be available. Prices will run from $29 for a nail lacquer to $65 for an eye shadow quad, and the skin preparation line will retail for between $49 and $69.
Ann Inc. Stock Rises 4.2 Percent
Ann Inc. stock jumped 4.2 percent to $38.92 after the retailer posted a first-quarter profit that beat analysts’ expectations. Ann’s earnings of $15.4 million, or 33 cents a diluted share, in the quarter ended May 3, excluding an after-tax restructuring charge, was 2 cents better than analysts’ consensus estimate of 31 cents. The stock rose $1.57 in the first 50 minutes of trading on the New York Stock Exchange.
“Despite the headwinds of severe winter weather, soft traffic across the industry and the resulting higher than anticipated promotional environment, we delivered first quarter results that met our bottom-line expectations. Importantly, traffic and sales accelerated with the return of more seasonable weather, driving positive comparable sales for April and into May,” said Kay Krill, president and chief executive officer.
Adam Sandow Creates ‘Netflix’ of Beauty
Entrepreneur Adam Sandow has created BeautyDNA.com, a new beauty website launching to the public in early June. BeautyDNA is a beauty matchmaker, connecting consumers and brands like never before. It will empower women so that they aren’t making the same beauty mistakes time and time again.
Consumers pay $25 per month for the service, which includes shipping, handling, one full-size product (occasionally, the brand will throw in a second as a freebie) and a customized beauty report that explains how exactly the product matches up with the user’s personal beauty profile. The profile also includes information about the product’s key benefits, directions for use, suggested retail price and retail channels where it can be purchased.
– Selicia A. Walker
Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40