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China’s luxury & beauty sales rebound, says Luxurynsight report
With China’s gradual economic recovery and consumption getting back on track, luxury and beauty are witnessing a fast rebound at retail in the country, according to a just-published report from research firm Luxurynsight. However, with the[…]
Covid-19 to cause biggest drop in US beauty market in 60 years
The coronavirus pandemic is predicted to cause a 2.5% drop in the US beauty and personal care market in 2020, according to Kline—the biggest drop in the more than 60 years the market-research firm has been tracking the industry. This decline[…]
Post-coronavirus: Bain outlines luxury consumption trends to come
Bain & Company identifies six emerging consumption trends as the luxury industry looks to make sense of the current coronavirus crisis. As of March 25, the consulting firm is forecasting a 25% to 35% contraction in the global luxury market[…]
Prestige beauty paints a mixed picture
The prestige beauty market is contrasted, with a scissors effect between makeup and skincare, highlighted market-research firm The NPD Group at CEW’s Beauty Business event in Paris last week. Prestige beauty sales in North America were flat In[…]