NEW YORK — Higher sales and lower debt helped Elizabeth Arden Inc. narrow losses in its fiscal fourth quarter.
For the period ended June 30, the New York-based beauty and fragrance manufacturer reported a loss of $9.1 million, or $1.12 a diluted share, compared with a loss of $15.1 million, or 90 cents, in the year-ago period.
Earnings were significantly impacted by management’s efforts to reduce debt and bring the company back to profitability. Excluding charges related to debt retirement, stock conversions and the consolidation of the company's domestic distribution facilities losses were $8.6 million, or 35 cents a share.
“The reduction in debt and the corresponding increase in equity value of the company was almost a $100 million reduction in debt, and $100 million improvement in the book value of the company,” said Scott Beattie, chairman and chief executive officer, during the company conference call.
Sales for the period rose 17.2 percent to $154.6 million, against sales of $131.9 million in the year-ago quarter. Fragrance sales to the company’s mass retail customers, as well as the April launch of the Provocative Woman fragrance, spurred sales.
“Provocative Woman was launched in the United States in the spring season, and it is meeting or exceeding our expectations as it continues to rank in the top 20 brands,” said Paul West, chief operating officer, during the conference call.
Looking ahead, management has high expectations for its launch of the Curious by Britney Spears fragrance, slated to ship on Sept. 7. — Ross Tucker
Henri Bendel Moves ‘Forward’ With Skin Care
NEW YORK — Henri Bendel is applying what it learned from color cosmetics to skin care with its new Face Forward department.
“We looked at our business overall and [found] there is such a high penetration in color cosmetics,” said Laura Saio, merchandising manager of cosmetics for Henri Bendel. “There is a penetration for skin care, but the challenge is to [increase that], focus on utilizing what we do best in color and translate that into the skin care and treatment business.“We are focusing on this as a launch pad for new skin care lines — we will put them together in one critical mass to make a statement in the store,” Saio added.
The featured brands include Boscia, N.V. Perricone, Epicuren, Freeze 24/7, Mario Badescu, Ole Henriksen, StriVectin-SD, Therapy Systems and Z. Bigatti. In September, Rodan & Fields is slated to make its debut and will occupy the space currently occupied by Giella, a custom-blend color cosmetics brand.
The department will occupy about 36 linear feet along one wall, with each brand having its own case and identity. Currently, the skin care category accounts for less than 20 percent of the retailer’s total beauty business; Saio noted the goal is to increase it to 25 percent by yearend and to reach 35 percent within 12 months.
“Our customer base is fairly young and pretty, and she’s started to think about skin care,” said Teril Turner, director of marketing. “Whether she’s trying to refresh her skin after too many weekends in the Hamptons or starting to worry about fine lines, there’s a huge opportunity to reach out and show her we have a unique take on this category. It’s not your mom’s skin care.”
Turner added that there will be an “aggressive events schedule to back it all up.”
Bendel’s has already set up its promotional calendar with the brands, including support, exclusivity, personal appearances, clinics and workshops.
“We know we need to have excitement and momentum in this area the same way we have it in color,” said Turner. “That’s what works for us, and that’s what our customer enjoys.” — Kristin Finn
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)