News

Retailers Call for Fair Federal Data Breach Notification Law

In the wake of last year’s disastrous Equifax data breach and its subsequent cover-up, the National Retail Federation (NRF)—the world’s largest retail trade association—and other groups are demanding that any new data breach notification law passed by Congress should apply to all industries and “leave no holes.”

“American consumers want to know if their data has been breached no matter where the breach occurs,” NRF vice president and senior policy counsel Paul Martino said. “No industry should be allowed to keep its data breaches secret.”

Wahl New Barbers Program Calls for Artists

Building on the success of its Wahl Professional Ambassador Initiative, Wahl Clipper Corporation has announced the new Wahl Select Barbers program, which seeks to reward members of the Wahl Professional Ambassador program for brand loyalty, product expertise, social media presence and a desire to educate other stylists. Since inventing the first practical electric hair clipper in 1919, Wahl Clipper Corporation has been a leader in the professional and home grooming category.

L’Oréal Named One of the World’s Most Ethical Companies

Beauty giant L'Oréal has been recognized by the Ethisphere Institute as one of the 2018 World’s Most Ethical Companies. This is the 9th time that L’Oréal has been recognized for “leading with integrity and prioritizing ethical business practices.” What’s more, the company is one of only three in the health and beauty industry to be recognized.

Marc Anthony Cosmetics Acquires Cake Beauty

Canada's largest independent haircare brand, Marc Anthony Cosmetics, is acquiring Toronto-based Cake Beauty. For more than 20 years, Marc Anthony Salons and their team of pro stylists have styled music icons to red carpet A-listers around the globe, so it comes as no surprise that the company sought out Cake Beauty, known for its award-winning, cruelty-free and vegan haircare products.

Prestige Beauty Grows 6 Percent in 2017; Skin Care Segment Leads

There's great news for prestige beauty retailers. New findings from global information firm The NPD Group reported that the U.S. prestige beauty industry reached $17.7 billion in 2017—a 6 percent increase over 2016. Surprisingly, for the first time in four years, the skincare category led with a 9 percent sales increase and a 45 percent contribution to the industry’s total gains. Makeup followed with a 6 percent increase and sales—and fragrance experienced a 4 percent increase for the year.