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NPD Reports on the State of U.S. Prestige Beauty

Some bright spots recognized in each category

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By: TOM BRANNA

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Historically, the beauty industry has weathered store closings, recession, and war, with strong sales. Due to one of the worst economic downturns in the nation’s history, 2008 was different. It was the first year each beauty category truly struggled and total prestige beauty sales declined 3% versus 2007, according to The NPD Group, Inc., a market research company. The decline in the U.S. prestige beauty industry was driven primarily by fragrance, which amounted to $2.68 billion, a decline of...

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