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Tough Times Ahead for Beauty

Fragrance Foundation panel predicts a long recovery.

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By: TOM BRANNA

Editor

If you two years was a long time for an economic slowdown, you ain’t seen nothing yet, according to panelists at yesterday’s Fragrance Foundation State of the Industry luncheon. Shackled by a 10%-and-climbing unemployment rate and dim prospects, consumers are less likely to shop the way they have in the past. For example, Wendy Liebmann, co-founder and chief executive officer of WSL Strategic Retail, said 80% of women surveyed told WSL, “I don’t want to shop for anything I don’t r...

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