Prestige Beauty Sales Grew 16 Percent In Q1 2023,

27 Apr

Faced with mounting economic turmoil, beauty sales aren’t faltering yet. In keeping with data from Circana, prestige beauty sales reached $6.6 billion throughout the first quarter, up 16 percent from the identical period last 12 months (and so continuing 2022’s trend of double-digit increases inside each category). Mass beauty also continued to swell, ringing in $7 billion in sales — a ten percent increase versus the identical period last 12 months. Each category inside the mass channel saw double-digit dollar sales increases, aside from hair care, which grew 7 percent. It’s price noting, though, that while the expansion in prestige beauty sales has been largely on account of increasing unit sales, mass beauty sales against this grew mainly due to...

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30 Jan

Prestige Beauty Grew 15 Percent in 2022 – WWD

by Beautifaire101

Beauty, Featured

Economic uncertainties are not any match for prestige beauty, latest data shows. In keeping with a year-end report from the NPD Group, every category in prestige beauty posted double-digit gains, with makeup, skincare, fragrance and hair growing 18 percent, 12 percent, 11 percent and 22 percent, respectively. The industry overall grew 15 percent. That ballooning of sales shows no signs of abatement, in accordance with Larissa Jensen, vice chairman of beauty at the NPD Group. “It’s still up double digits year-to-date to date,” she said. “That swell is continuous in 2023, which is what we anticipated.” Across the consumable sectors NPD tracks, prestige beauty was the just one to achieve double-digit sales in units. “It goes back to the lipstick index and the...

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19 Dec

Flora Sets Out to Disrupt Prestige Hair Care –

by Beautifaire101

Beauty, Featured

PARIS — Flora, the prestige hair care brand created like skincare, takes a holistic approach, starting with scalp care. The range’s 35 clean, vegan products have formulas which might be biomimetic, gender-fluid and transgenerational. These are supposed to be utilized in various multistep treatments, created to be like facials for the hair. “That’s disrupting the market today,” said Flora founder Nikolina Kisić Mamić, a seasoned beauty executive, who has worked at corporations resembling L’Oréal and in cities like Paris, London and Latest York. “We’re positioned as biological hair science. Scalp care is the brand new hair care,” using sensorial experiences. The brand comes with the tag line “molecular skin therapy for hair.” Kisić Mamić noted that the hair segment has mostly focused on coloring,...

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16 Dec

Prestige Fragrance Sales Grow 4 Percent Because of Holiday

by Beautifaire101

Beauty, Featured

Fragrance sales, which have been swelling because the pandemic began, are getting an added lift from holiday shopping season. In line with The NPD Group, fragrance sales grew 4 percent from Oct. 4 through Dec. 2. The rise is due partly to climbing price averages and fewer discounts, in addition to consumers choosing higher-priced offerings — a prevailing trend this 12 months. “Fragrance sales reached recent heights following the pandemic, and it’s particularly impressive that the market is maintaining this elevated level reasonably than softening, which is usually the case after such an unprecedented performance,” Larissa Jensen, beauty industry adviser at NPD, said in an announcement. Brick-and-mortar fragrance sales far outpaced the category’s performance in the net channel, comprising 70 percent...

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