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.
“Fragrance may hold the greatest opportunity for growth,” stated Karen Grant, senior global industry analyst and vice president, Beauty. “The most pressing concerns for the fragrance category are not only the loss of users, but decreasing frequency of usage. It is important that the industry find new ways to engage consumers, especially as they become more independent about their product selection.”
The U.S. was the hardest hit of all the markets surveyed. France slipped by 0.3 percent for the year and Italy stumbled by 0.5 percent — but Mexico jumped by 9.2 percent and China zoomed ahead with a 17.2 percent gain.
Italy and France showed an increase in makeup sales, while skin care sales posted declines in both countries. Fragrance sales were flat in France and Italy.
In the U.S. mass market, business was flat in the food, drug and mass channel. Like in prestige, fragrance sales declined. But the makeup and skin care (excluding hair care) segments grew.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
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Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)