Sales of prestige beauty products in US department stores surged 12% to $2.6 billion in the first quarter of 2013, according to The NPD Group.
“Gains in both skin care and makeup are happening in many areas, but smaller segments and sub-segments, as well as sets and kits, are making a large impact within both categories. Fragrance continues to be driven by premium offerings, including juices over $100,” said Karen Grant, vice president and global industry analyst, The NPD Group, Inc.
More specifically, fragrance sales (representing 21%t of prestige beauty dollars) rose 9%; skin care sales (38%) grew 14% and
makeup sales (41%) grew 13%.
More info: NPD Group, www.npd.com