Holiday Update: Queasy Consumers Buying Less Beauty Products
November 21st, 2008 at 12:14pm |
Beauty shoppers are suffering from asset re-flux heading into the holiday season.
Even before the table has been set for the annual Thanksgiving Day bingeing, the idea of shopping seems to have left a bad taste in consumers’ mouths.
They are already holding onto their wallets tighter and forgoing beauty purchases. Beauty sales are down ОФИС-МЕНЕДЖЕР percent heading into the holidays, marking the first negative sales trend leading up the season since The NPD Group began tracking sector sales in 1997, said Karen Grant, the firm’s global beauty industry analyst. From January through September, fragrance sales dipped 2 percent, makeup declined 2 percent and skin care ticked…
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