Beauty Store Business

JAN 2019

Beauty Store Business provides solutions for better retailing! New products, industry news, savvy business moves and important trends affecting both brick-and-mortar and online retailers are included in each issue.

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10 January 2019 | Industry News CALEB FOLTERMANN TO HEAD SEXY HAIR CONCEPTS On December 1, Caleb Foltermann became general manager at Sexy Hair Concepts, a Henkel professional haircare brand. Foltermann brings more than 16 years of beauty professional industry experience to the role. He advanced his position at Sexy Hair Concepts from vice president of sales and operations, where he managed sales, education, marketing and support for more than 50 international distributors and specialty retailers. Prior to joining Henkel, he cofounded Xile Beauty Group, where he served as vice president of sales and operations. He also served as vice president of national accounts and wholesale distribution at Unilever's TIGI BedHead and district sales manager for Sally Beauty's Armstrong McCall. "We are excited to announce the appointment of Caleb to this new role. With significant success leading sales, marketing, education and general management functions across multiple brands, Caleb brings a creative mindset and proven ability to deliver results and drive sustainable growth," said Stefan L. Mund, regional head of Henkel Beauty Care Hair Professional for North America. "An industry veteran, Caleb has fostered strong relationships within the stylist community and with our distributors and customers. We have no doubt he will bring the same passion and creativity to help grow our Sexy Hair brand portfolio and continue to bring its 'go bigger' philosophy to life." Caleb Foltermann THE NPD GROUP ANNOUNCES LORI MONACO AS PRESIDENT OF U.S. BEAUTY Market research firm, The NPD Group, has named Lori Monaco president of its U.S. beauty division. Monaco has been with NPD since 2003 and formerly served as the president of the firm's fashion footwear, accessories and luxury divisions. She will now manage NPD's portfolio of U.S. beauty services and product contributions. Monaco holds 25 years of experience in market research, strategy, consumer insights and business development spanning numerous industries. "Lori's passion and enthusiasm resonates not only within the NPD organization, but makes her a highly respected and well-known presence in the industries she touches. As we look to take our beauty business to the next level, Lori's expertise will allow us to partner with clients in new and different ways, and identify additional opportunities to help grow their businesses," said Joanne Sackett, president of NPD's Softlines sector. "Exciting changes are underway in the beauty spaceÐan industry which, in many ways, is setting a precedent for others. I am thrilled to be part of the industry during this critical moment in its evolution, and leading a talented NPD team with the data assets and industry expertise to guide our clients during this competitive yet opportunistic time," added Monaco. ■ Lori Monaco From top left: courtesy of Henkel Professional Hair Care, The NPD Group

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