Breaking News

Prestige Beauty Healthier in US

March 14, 2013

According to NPD, US prestige beauty sales rose 7% last year, ahead of growth posted in many other regions of the world.

Prestige Beauty Growth by Country: 2012 vs. 2011
Country $ Percent Change
US +7
UK +5
Mexico +5
France -1
Italy -4
Spain -7
Argentina -10

Sources: U.S., France, U.K., Italy, Spain: The NPD Group, Inc.; Mexico: Segmenta Projected Sell In/Sell Out; Argentina: Segmenta Projected Sell In/Sell Out, 12 months ending Sept. ‘12

NPD’s figures, which came from its 2013 “Hot Off The Press” event—co-hosted this year by the Cosmetic Executive Women—revealed that US performance outpaced growth in the UK and Mexico (both up 5%), while sales in other countries, such as France, Italy Spain and Argentina, declined.

“Even though consumer confidence continues to waver, there is momentum at both ends of the price and product spectrum,” noted Karen Grant, vice president and senior global industry analyst. “In 2012, along with smaller categories in beauty, we are seeing investment spending on premium-priced makeup, skin care, fragrance, as well as premium-priced sets, which lead in growth once again. Even in Europe, where the economic environment is more challenging, the major premium-priced category, fragrance, was positive. Premium-priced products remain one of the brightest spots in beauty and will continue to carve out market share across all categories and geographies in the New Year.”

Grant continued, “In the U.S., although we have seen some tempering in sales performance, compared to 2011, growth remains positive for both the prestige and mass channels. The trend of prestige beauty outpacing mass beauty continues to be evident since the recessionary period of 2009 and will likely continue into 2013.”

More info: www.npd.com
  • Patent Activity: Colgate-Palmolive

    Patent Activity: Colgate-Palmolive

    December 6, 2016
    New oral care compositions, the use of radish root ferment filtrate in a cleanser and more.

  • Sparkle & Shine

    Sparkle & Shine

    Melissa Meisel, Associate Editor||November 21, 2016
    Glam packaging and upscale scent combos are big at Yankee Candle for Holiday 2016.

  • Cos Bar: Turning 40 and Hitting Fast Forward

    Cos Bar: Turning 40 and Hitting Fast Forward

    Christine Esposito, Associate Editor||November 21, 2016
    With a recent investor infusion, a new CEO and rebranding effort underway, this luxury beauty retailer has big plans.

  • Slow & Steady

    Slow & Steady

    Tom Branna, Editorial Director||December 1, 2016
    In a tumultuous environment, steady gains posted in the industrial and institutional cleaning sector are welcomed.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna, Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex  Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.