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Prestige Beauty Sales

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By: TOM BRANNA

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l Sales of prestige beauty products rose 4% last year to a record $8.2 billion, thanks largely to soaring demands for new product launches, anti-aging products and celebrity endorsements, according to the NPD Group. Since 2000, sales of prestige beauty products, sold at U.S. department stores, have grown by more than $1 billion. Among the three major categories, makeup recorded the best growth with a 6% increase in sales at U.S. department stores, hitting the $3 billion mark in 2005. Fragrance...

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