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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)