By  on March 24, 2009

Beauty is no longer recession resistant, as evidenced by an announcement Monday from the NPD Group Inc. that total prestige beauty sales dropped 3 percent to $8.38 billion in 2008, versus 2007.

Fragrances overall took the hardest hit, declining by 6 percent to $2.68 billion, according to the firm. Total makeup sales were down by 3 percent in 2008 to $3.2 billion, while total skin care sales, a formerly hot category, were flat at $2.4 billion.

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