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Lack of Innovation Slows

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By: TOM BRANNA

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The cosmetics and toiletries market grew only 2% in 2002. It’s the second consecutive year of low single-digit growth for the industry after posting 5% annual gains the previous five years, according to Kline & Company, Little Falls, NJ. Company executives said that while some blame the stalled U.S. economy, this is only one factor contributing to the slowed growth. “Over the past few years, there has been a real lack of big product launches in all the C&T categories,” said Carrie Bo...

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