What Lipstick Index? - Makeup and Beauty Blog
I'm not certain who coined the phrase, only an economic indicator known as the Lipstick Index has long held that purchases of color cosmetics were inversely correlated to economical health, and that in bad economic times, women skipped large-ticket luxuries in favor of little treats like lipsticks and gloss.
Well, chalk this up every bit another example of just how bad the global recession is, but the Lipstick Index no longer applies.
In both 2007 and 2008, sales of premium color cosmetics were downwardly in all major markets worldwide, with the exception of Latin America, where overall makeup and beauty sales have done all right. Moreover, the global rate of decline doubled between 2007 and 2008 (from 2-4%).
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What's it hateful?
Probably that this detail recession, now in its 19th month, is worse than the boilerplate downturn, something about people already knew. Since 1854, the US has gone through 32 cycles of economic expansion and contraction, with each catamenia of wrinkle lasting an average of 17 months. And that'due south including the 10-12 years of the Swell Depression, which kinda throws the whole curve out of whack.
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Information technology may also mean more than unemployment (and the anxiety that comes with dubiousness in the chore market), as businesses go on cutting costs past laying off more than workers; more than consolidation amid companies in the beauty manufacture; and, hopefully, lower prices.
Do yous recollect makeup and beauty prices are falling? I tried to think of some big lines that have dropped their prices lately and couldn't come up upward with a single one.
Your friendly neighborhood beauty addict,
Karen
P.South. Just a reminder, but MAC is belongings a much-needed Friends & Family Auction June xvi-18. It's online simply, and the coupon code is SUMO, which is practiced for 25% off purchases made through maccosmetics.com (valid in the US and Canada).
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