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.
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:
Beauty stores looking for a single tool to manage their social media presence across all networks can take heart: Dozens of all-in-one solutions are available that will make the most of your presence on Facebook, Twitter, LinkedIn and so on. "We use a service called Shoutlet, which is a similar paid platform like Hootsuite, but a little more robust and full featured," says Rudy Falco, COO of AVEYOU Beauty Boutique. "These tools are useful, mainly because they save time.