Lipstick Sales And Economy

Although sales of color cosmetics have been in decline a market movement that started before the coronavirus outbreak business at a few makeup brands is offering hope for the lipstick effect.

Lipstick sales and economy. Lipstick sales reportedly soared following the 9 11 terrorist attacks and in 2008 when the rest of the economy suffered record sales declines cosmetics giant l oreal s figures revealed sales. For example instead of buying expensive fur coats women will instead purchase expensive lipstick or luxury cologne. Women traditionally turn to lipstick when they cut back on life s other luxuries so the recent surge in lipstick sales may be a bad sign for the economy.