Snippets: Sally’s Net Decrease… Jonathan Change… L’Oreal Moves…
Second-quarter profits at Sally Beauty Holdings narrowed to $11 million from $31.2 million in the same period a year ago due to a significant increase in interest expense to nearly $43 million. Earnings per diluted share for the quarter ended March 31...
SALLY'S NET DECREASE: Second-quarter profits at Sally Beauty Holdings narrowed to $11 million from $31.2 million in the same period a year ago due to a significant increase in interest expense to nearly $43 million. Earnings per diluted share for the quarter ended March 31 came in at 6 cents a share on sales that rose by 4.9 percent to $609.3 million from $581.1 million a year ago. Comparative store sales at the firm's Sally Beauty Supply unit rose 2 percent on sales of $381.8 million, while comp store sales at its Beauty Systems Group division were up 11 percent on sales of $227.5 million.
JONATHAN CHANGE: Ben Greer was named chief executive officer of Jonathan Product last Friday, succeeding Stan Platek who was promoted to president. Greer previously worked as a strategic management consultant for Chrysallis Group, where he worked on the Frédéric Fekkai and Slatkin brands. Prior to that, he was the chief marketing officer for Charles Worthington for five years.
L'OREAL MOVES: L'Oréal Professionnel USA has promoted Paul Schiraldi to vice president of marketing. He replaces Stephanie Péigne, who has left the company. Schiraldi will report directly to Pierre Lampert, vice president and general manager of L'Oréal Professionnel.
MATRIX MANIA: Hair care brand Matrix is sponsoring two events next week for the broadcast networks' annual upfront presentations to advertisers. First up is Lucky magazine's three-day-long Upfronts Club, an event held at the Ritz-Carlton Hotel where celebrities can shop for their favorite fashion and beauty brands. As the official beauty sponsor of the event, Matrix will hand out Biolage's limited edition Sunsorials products along with other branded beach accessories. Matrix will then join forces with Entertainment Weekly for the second year in a row to host an upfront party at hot spot The Box on Tuesday. To celebrate the launch of Vavoom Gold Heat, gold-framed flat-screen televisions will be displayed outside the venue on the red carpet, and the interior decor will be accented with gold. Matrix will donate proceeds from Vavoom to the Elizabeth Glaser Pediatric AIDS Foundation for each celebrity that participates in a sketch.
ARROJO DONATION: Nick Arrojo kept his New York salon, Arrojo Studio, open last Sunday, to raise funds for the New Orleans Recovery Initiative. For the second year in a row, Arrojo donated all of the day's proceeds to the cause. Haircuts, normally priced from $65 to $400, were $50, and hair color was discounted from $110 to $70. This year, Arrojo Studio raised about $4,700 for Hurricane Katrina relief efforts.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)