THE CEO’s BLOG
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.
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.
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.
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.
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!
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.
©2019 Larry Gaynor. All rights reserved.