By  on January 28, 2009

Following its annual Hot Off the Press industry briefing Tuesday at the Rainbow Room in New York, The NPD Group released a summary showing that the U.S. prestige beauty industry suffered a 3.3 percent decline in dollar sales to $8.4 billion for 2008.

Hardest hit was fragrance with a drop of 6 percent, while makeup struggled and skin care was flat, although the antiaging category showed promise, NPD said.

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