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Big Gains for Beauty

Prestige sales rise 6% says NPD.

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By: TOM BRANNA

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Two thousand sixteen was a thing of beauty as the US prestige beauty industry grew 6% last year. It marked the third consecutive year that the beauty industry gained $1 billion for three consecutive years and it was the frst time the market reached $17 billion in sales, according to global information company The NPD Group. The makeup category once again experienced the greatest sales growth (12%) and contributed 82% of the industry’s total gains; skin care followed in sales growth (2%); and fra...

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