Revlon appoints new CEO
Revlon has appointed former Colomer Group executive Lorenzo Delpani as the company’s president and CEO.
Delpani replaces David Kennedy, who served briefly as Revlon’s interim CEO since the recent departure of CEO Alan Ennis, who left the company to “pursue other interests.” Kennedy will continue to serve as Revlon’s vice chairman.
In addition to serving as president and CEO, Delpani was also appointed to serve as a member of Revlon’s board of directors, as well as the board of Revlon’s wholly owned operating subsidiary, Revlon Consumer Products Corp.
Prior to joining the company as part of its recent acquisition of TCG, Delpani served as TCG’s CEO since May 2007. Before he joined TCG, Delpani served in senior executive positions at Reckitt Benckiser, including responsibility for South Western Europe and for new product initiatives and e-business. Prior to Reckitt Benckiser, Delpani held senior marketing and executive positions of increasing scope and responsibility with Johnson & Johnson and Procter & Gamble.
In early October, Revlon’s wholly-owned operating subsidiary, Revlon Consumer Products, completed its acquisition of the Colomer Group, including the Revlon Professional business, for a cash purchase price of $665 million.
"The acquisition of The Colomer Group represents a significant, strategic step forward for Revlon, and this leadership transition ensures that we have highly capable executives to continue to lead the combined company,” stated Kennedy. “Lorenzo has demonstrated success in leading companies to achieve breakthrough innovations, in reshaping business processes to drive growth and profitability, and in successfully leading complex and geographically diverse organizations. I am highly confident that Lorenzo will bring exemplary and visionary leadership and tremendous passion and focus on ensuring the success of the combined Revlon business.”
"I want to welcome Lorenzo to his new role as Revlon’s president and CEO. Lorenzo has the depth and breadth of strategic, marketing, sales, financial and operational leadership experience to successfully lead and transform the combined Revlon company at this time of extraordinary opportunity and will bring a vision and talent for innovation across all areas of the company’s business,” stated Revlon chairman Ronald O. Perelman.
CPG Holiday Forecast: Humbug sales, with only 2.9% growth
New Canaan, Conn. — Continuing a two-year slide in retail spending momentum, American shoppers will generate only a lackluster 2.9% rise in holiday sales, according to Customer Growth Partners’ 13th Annual Holiday Forecast. The CPG report paints a scenario that is decidedly less cheery than some of the other holiday forecasts that have been released to date.
“Holiday 2013 will mark the first time that retailers see an actual decline in store productivity per square foot since the recession, by about 1%,” said Craig Johnson, president, Customer Growth Partners. “And because of the steep promotional pace this year, earnings will be weak, leading to a decline in “TOP” ratios, the true operating earnings generated per square foot, an even worse sign. The Grinch may not steal Christmas, but he may spoil it for a lot of retailers.”
The key drivers behind the retail weakness, according to the forecast, are lagging income growth, and the declining share of the population with full-time jobs.
“Consumers — at least those with full-time jobs — will still do their Christmas shopping this year, but at a smaller and slower pace than the last few years,” Johnson said. “For retailers, particularly those dependent on solid discretionary spending, however, this will be a ‘Humbug Holiday’ — the worst since the recession — and more so for stores who placed their holiday orders earlier in the year, when sales were still healthy.”
For more on the CPG holiday forecast, click here.
Toms deploys Oracle Commerce platform
Redwood Shores, Calif. – Toms — the company that gives a pair of its shoes or provides eye care to a person in need for every corresponding purchase — has deployed the Oracle Commerce platform to support its rapid business growth and international expansion.
“Toms is changing daily to meet new challenges,” said Hilda Fontana, VP global Web development, Toms. “Oracle Commerce immediately enables our team to better serve a variety of international markets. We know Oracle has the flexibility and scalability to meet the demands of our growing business.”
Toms is using Oracle Commerce as part of a strategic initiative to deliver its “One for One “charitable message to new markets and support global demand for an expanding product line that is constantly refreshed with new colors and styles.
The Oracle platform helps Toms personalize the customer experience by delivering relevant content and recommendations to customers, providing a faster, easier checkout and a more visual, content-rich shopping experience with integrated ratings and reviews.
It also enables Toms’ business users to have better control over the customer experience by allowing them to target promotions, personalize content, customize search results and recommendations, and update product information across multiple sites on the fly.
Deloitte, a Diamond level member in Oracle PartnerNetwork, helped Toms to leverage the full functionality of the Oracle Commerce solution while launching its first ecommerce site for Toms Netherlands in just seven months. Throughout the implementation, Deloitte worked side-by-side with Toms’ staff in a “train the trainer” approach that prepared the company to begin immediately moving its U.K., U.S., and Canada sites to the Oracle platform.
“Toms is rapidly evolving and growing their digital presence globally and the Oracle Commerce solution helps provide Toms with the ability to offer leading commerce capabilities on a global, flexible, scalable platform,” said Belinda McConnell, principal, Deloitte Consulting LLP.