Sales growth and gross margin were below expectations due to retail headwinds. The company Board of Directors approved a new restructuring plan and cost reduction initiatives to lower costs and better serve customers.
Cosmetic products retailer Sally Beauty Holdings Inc said its largest shareholder Clayton, Dubilier & Rice LLC was exiting its holding in the company, sending its shares down 9 percent in after-market trading.
Avon Ladies are looking for a makeover. One of the biggest challenges facing the next chief executive of Avon Products Inc. will be to re-energize the iconic Avon Ladies, the company's diminished and often demoralized...
Ulta Salon, Cosmetics & Fragrance Inc became the latest company in the U.S. beauty industry to post strong results and give a rosy outlook for the current quarter, as new products and promotions help drive growth.