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NPD Group: Sales decline in U.S. prestige beauty category
NEW YORK Findings from market research firm The NPD Group that U.S. prestige beauty sales took a beating during the first half of 2009 may not be the most upbeat news, but it does make you wonder where those dollars are instead being spent. Well, a separate NPD report suggested that drug and mass might be the answer.
As the article stated, U.S. prestige beauty sales dropped 7% during the first half of the year, and June marked the 11th consecutive month of negative prestige beauty performance. Even prestige skin care suffered a loss, with sales dropping 6%.