Every ULTA Beauty store has a hair salon in it—and that core-service part of the nationwide beauty-retail chain's business continues to post impressive increases.
In ULTA Beauty's financial results for its third quarter of fiscal 2015 (the 13-week period that ended Oct. 31) announced Dec. 3, salon sales increased 20% to $51.7 million—compared to $43.1 million in its third quarter of fiscal 2014.
U.S. Congressman Pete Sessions (R-Texas) introduced H.R. 4075, The Safe Cosmetics Modernization Act, Nov. 18.
"This legislation reforms and improves the Food and Drug Administration’s ability to streamline and strengthen consumer safety requirements without strangling small businesses in the cosmetic industry with onerous regulations," said Sessions, who is Chairman of the House Rules Committee.
Based on many requests from attendees as well as exhibitors for more time to meet and conduct business, Cosmoprof North America 2016 will have one more hour that its trade-show floor will be open on both the second and third days, show officials have told Beauty Store Business. Each of those days the show floor will open up one hour earlier than at Cosmoprof North America 2015.
Topspin Partners—a private equity firm based in Mamaroneck, New York, that makes control investments in profitable and established lower middle-market businesses—has announced that it has acquired a majority interest in JD Beauty Group, the designer and marketer of branded, professional-quality hairbrushes and beauty care accessories. Other details of the deal weren’t announced.
For National Color Day (Oct. 22) eSalon—the custom, at-home haircolor and care brand—surveyed 2,500 of its customers about hair color, including graying, celebrity looks and hair color in stores. Its findings include: