Last year was stellar for prestige beauty, and the trend looks set to continue. Sales in the first quarter of 2012 outpaced the same period from a year before.
This story first appeared in the May 11, 2012 issue of WWD. Subscribe Today.
“Growth is at an unprecedented high,” says Karen Grant of The NPD Group, which provided the figures here. “What is perhaps most outstanding is that this growth is on top of a prior year of high growth. In these uncharted skies it is hard to say how high is high, but we feel confident that the year looks good for continued momentum in all categories.”