Breaking News

Prestige Beauty Sales Were

November 14, 2005

Sales in the $7.3 billion prestige beauty market were flat as a whole in 2002, but gains were recorded in makeup and skin care, according to The NPD Group, Port Washington, NY. Makeup sales increased 2.8% to $2.5 billion, largely driven by multipurpose products that cater to the modern and upwardly mobile woman. Skin care sales jumped 2.6% to $1.9 billion due to luxury and technologically advanced products.
“Luxury products promise exclusive benefits through expert, innovative formulations using unique, costly and often exotic ingredients,” said Natalie Granik Seidman, director of NPD Beauty. “These products prove that value is not necessarily defined by price and customers are willing to pay more for what they perceive as higher quality. In the upcoming year, we expect to see new, higher-priced items continue to drive the market.”
Fragrances, however, reported a 3.5% decline, generating sales of $2.8 billion in 2002. Those targeted to consumers under age 30 fared well, such as Polo Blue and Glow by J.Lo, but at the cost of existing brands. “Existing brands declined, leaving the question of whether new launches are taking share away from existing brands,” added Ms. Seidman.
More info: (516) 625-0700; Website: www.npd.com.

  • Fit for Fitness

    Fit for Fitness

    Christine Esposito, Associate Editor||February 21, 2017
    Kinx Active is a new brand targeting women who want beauty products that can stand up to their fitness routines.

  • Cargo Says Aloha To Spring/Summer

    Cargo Says Aloha To Spring/Summer

    Christine Esposito, Associate Editor||February 13, 2017
    Cargo Cosmetics has rolled out its new Spring/Summer collection with Hawiianan singer Anuhea.

  • Cashing In on Coconuts

    Cashing In on Coconuts

    Melissa Meisel, Associate Editor||February 6, 2017
    Organic to Green is making waves for its new oils and eco-friendly packaging.

  • Trade Association Directory 2017

    February 2, 2017
    Contact details of trade associations that serve various segments of our industry and are mentioned frequently in Happi.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.