According to The NPD Group Inc., happy days are still here for prestige cosmetics companies. The market research firm today released its semiannual report, which revealed that within U.S. department stores, prestige makeup sales between January and June grew 8 percent to $1.8 billion. In addition, total unit sales were up 4 percent to 74 million pieces.
According to NPD vice president and global beauty analyst Karen Grant, the bulk of the cosmetics sales growth has been coming from “smaller categories (like brow, nail and lip) with lower price points,” typically under $20.
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