Out Of My Mind On A Wednesday Mornin’

Out Of My Mind On A Wednesday Mornin’

2020 Election is "right around the corner." Who you voting for?

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I know, I know, I know! Where did the time go? Between now and my last blog, what has happened that we missed or have wanted to miss? Not much.

But hey, that isn’t why I haven’t blogged since the dinosaurs were roaming 65 million years ago, I have been traveling. In fact, just got back from Vegas and attended a fab wedding (my assistant Lindsay and her now husband Paul) and then drove to the Grand Canyon for a couple days and then drove to Lake Powell, Utah for a few more days. What is amazing is that I must have been to Vegas more than 100 times but never to the Grand Canyon. For some reason I think you too have never been which may explain that the average age of visitors had to be early 70’s. Canes, walkers and wheelchairs were all there and my guess is everyone really wants to see the GC in their lifetime and eventually, we all get there. I have to say, the scenery is awesome and breathtaking.

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Lake Powell is located in Utah but for all intent purposes, Page, AZ and is mostly Indian reservation land. Lake Powell features many “fingers” throughout the lake that make it very cool with plenty of natural sand beaches for houseboats to hang out.

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Perhaps one of the coolest tours was that of Upper Antelope Canyon, located on the Navajo Indian Reserve and only accessible by a licensed Navajo tour guide. The canyon with the sun coming through is magical and certainly worth a visit.

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My favorite pastime is traveling. You get to experience so many different geographical settings, diverse people and of course, local food and wine (and most recently, bourbon). I learned that Utah is not the best place for alcoholics. The place we stayed at told us each drink cannot exceed 1.5 oz. and is measured and controlled by the government. So if you want a double, you have to order two drinks, and have two people at the table. And just to think that alcohol is legal.

Now let’s talk some business. Oh, you want to see a picture of Lindsay in her wedding dress first? Why not, it is not often you are a bride in Vegas and can wear a wedding dress on the Strip, in restaurants and bars and even the pool. What I find is so amazing is that there are so many brides walking around Vegas, tourists don’t even look anymore. Then again, no one looks at anyone because their eyes are glued to their smartphones.

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Cosmoprof North America is coming up in July and at one time was the barometer of the pro beauty business (many of us remember when it was called the BBSI before the PBA sold the show to Cosmoprof and the show was actually held twice a year). Now the show is less about pro beauty and more about retail incubators and packaging companies. Can anyone tell me of importance who will be exhibiting and attending? TNG is not even taking a stand this year as we join CND, OPI and so many other companies. No doubt about it, Cosmoprof is an open book of the state of the business.

Tariffs yes, tariffs no? Right now, Trump is putting small and medium businesses at risk including American farmers. With Amazon the biggest online retailer and in control of most pricing, pass through of increases will be difficult at best. That means businesses like TNG will eat much of the tariff increases and eventually pass on some of the costs to consumers or stop selling some products altogether. As many CEO’s can attest, survival of the fittest is at its peak right now.

Steven Tamares, CEO of Bed Bath & Beyond, finally fired. I mention this only because activist shareholders are more and more involved in public companies and demanding their way or the highway. Tamares needed to go years ago and nearly killed Bed Bath’s business. The question now is can they be saved which is the same question being asked about Pier I, Office Depot, Staples and so many others. And one CEO I would not want to be right now is Chris Brinkman, head of Sally Beauty Company.

With summer finally arriving next month, I’m loving the new EMMA Beauty Summer Collection featuring the best neon colors that can’t be beat. After a terrible spring, we really need a fabulous summer and what better way than painting your nails with colors including Slice of Heaven and Sour Apple Passion. Batch 0719 is just as electrifying!

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Alas, looks like hip replacement surgery is in my near future. If Nick Saban can do it so can I. I guess putting on more than 15,000 miles running, more than 10,000 miles bicycling, more than 5,000 yoga classes and countless other exercises like aerobics did its trick. But in the end, I would do it all over again.

Happy Wednesday!

Cosmoprof North America 2015 Overview

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As the only professional only beauty show to the trade in N.A. I was excited to see the new redesign of the floor plan and see what new excitement show management would bring. After all, the HK show is 5 times larger and Bologna, although not as impactful as in years past, still more significant than N.A.

Alas, the changes were both peculiar and “cosmetic” at the same time. The show floor was divided into three sections: Professional; Retail; and Packaging. Pretty much the same exhibitors were scattered on the show floor in different locations. Peculiar was the fact they had these “incubator” beauty companies  that were launching at Cosmoprof. Their location was in the main aisle with significant signage and marketing focus. Apparently the exhibitors that had multiple booth space were secondary in importance. Further it made the show feel like a shopping mall: Kiosks outside retailers trying to sell knick-knacks of all sorts. It certainly dumbed down the significance of the show.

For exhibitors Cosmoprof continues to fail to impress compared with other national Top 200 shows. The aisle carpet didn’t even come close to touching the booths which created many tripping hazards. Access to water and coffee is through stands only at $5 a pop. And why the show is open on Tuesday is dumbfounding since only exhibitors are walking the show floor.

The relocation of exhibitors was not understood. And why rep groups earned the best location is an interesting take on the industry. No other Top 200 show allows rep groups on the show floor and why Cosmoprof allocated so much space for them is questionable. Also unlike top shows, exhibitors are not given a pre-show registration list of show attendees with their email address and company information. This show is still geared more towards a typical cash and carry show.

With Mandalay Bay doubling down its convention business, space will be available for a much larger show. However I don’t see the show growing and in fact, the allocated space was not used. The continued policy of allowing companies to take suites off the show floor again downgrades the importance of the event. It’s time for all companies to be required to be on the show floor and allow attendees to stay on the show floor and not run to meetings off-site.

Another reality is that NAHA still takes place during Cosmoprof. Why? Further, salons are allowed on the show floor if they are PBA members. Why? It’s still not clear what Cosmoprof N.A. really wants to be.

One thing for certain is that beauty is more important than ever and will continue to grow. Retailers are increasing their space for beauty. Distributors are seeking products to take over the business from legacy companies. And with Coty’s acquisition of P&G brands, the industry is prime for a make-over.

Happy Monday!

Cosmoprof North America Changes Format- Retailers Come Join The Party!

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This weekend is the 15th Cosmoprof N.A. show in Vegas. Diehards still call it the BBSI back in the days when new products were introduced and companies tossed extravagant parties morning, day and night.

The show has always been a marketplace for manufacturers to show off their latest offerings to distributors.  But alas two things have happened over the past few years. One, manufacturers have fewer new products to offer and two, there are hardly any distributors left to walk the aisles. Last year was a tipping point with more booths for Asian companies than ever which left many wondering what would be next.

As a “reinvention”, Cosmoprof is tossing out the old layout of the show floor and has created a new layout for 2015. Now there will be only three sections. One for companies focused on professional goods for hair, nails and skin. One for companies that produce machinery, packaging and other raw materials. And finally the third one: For companies that sell goods for retail. Bye-bye distributors, hello retailers.

Now for those in the know, and retailers are certainly more in the know than most, there already are plenty of events and shows for them to attend that sell beauty products. But since Cosmoprof needs more traffic to sell booth space, it had to do something to get more people walking the aisles.

And since Cosmoprof is connected with PBA (Professional Beauty Association), this is the final leg of the conversion of our industry. Most likely, the PBA will need to rename itself to PRBA (Professional and Retail Beauty Association).

What this means for companies that sell both professional-only AND retail products, I have no idea. Since the show floor is small and contained in one room, most likely established companies such as Helen of Troy will claim their old space and be open for business regardless who walks by just as they have done all along. But it will be interesting to see what happens.

The other question of course is what new companies will buy booths for the retail area. Just think of all the companies that supply Sephora and Ulta.

Alas, it anything truly professional anymore? Every brand is sold at Amazon and numerous brands are sold at Sephora and Ulta. They are true merchants. Mass drug retailers are expanding their beauty footprints as well.

Time will tell the future as it always does. For now, Cosmoprof 2015 will be yet another watershed event for professional beauty as we once knew it when it was BBSI.

On a side note it will be very strange indeed to walk into the OPI meeting room without George, Bill or Suzi’s presence. I wonder if they will still have the expresso counter. Life moves forward.

Happy Thursday!

The Inside Scoop at Cosmoprof North America

With Bumble and bumble opening Sephora, do you think more brands will go retail?

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I had the best time at Cosmoprof North America (CPNA) in my over 20 years attending. I can attribute this to 3 reasons:

  1. We have been liberated. With no sucking up to global companies at debilitating meetings, there was no stress.
  2. I did not walk the show floor aisle by aisle. In fact, I didn’t even walk the show floor although it was the smallest ever.
  3. All the action was in private meetings held at hotel suites far away from the show floor. Between Kemon, Label.m, Michael O’Rourke and a few others, I can sense this incubator of new and fresh ideas paving the way for the next generation.

The show floor saw fewer exhibitors and attendees than ever before. CPNA is an embarrassment to its flagship show in Bologna. I felt sorry for the huge number of China, Korea, Taiwan and Italy stands that tried to do some business.

The big booths catered to retail customers such as ULTA, Sephora and chain drug. Although either CND or OPI were on the floor, the nail category took up a sizeable amount of space. There wasn’t much else that was noteworthy.

Even the rep groups see the handwriting on the wall. While they still had booths on the floor, most of them were running around the Four Seasons, Mandalay Bay and the Hotel going to meetings. They are desperate for new blood and it was quite scary considering it was daytime.

Salons were around for NAHA but why CPNA and the PBA ties the two events together is still a mystery.

But we do need to thank CPNA and the PBA for bringing distributors to Las Vegas to do business over a 2-3 day period even if it’s not done on the show floor. I’m already looking forward to next July 24-26.

Happy Wednesday!