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Sales of Luxury Skin Care Are Back Up; Does This Mean the Recession Is Ending?

Do High Luxury Skin Care Sales Mean the Recession Is Over?

High lipstick sales are associated with a bad economy, but apparently high luxury skin care sales may indicate financial recovery. Even though the US fiscal situation is far from sunny, CNN is calling 2010's eight percent increase in luxury skin care receipts "a clear sign of a recovery," and suggesting that recent runs on $320 and $500 face creams point to a larger economic trend.

I'll be a lot more heartened when there's a big jump in mid-range skin care purchases, since that would indicate to me that middle class women are comfortable with spending again. Until that happens, though, do you think your beauty spending is a good indicator of your economic stability?

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bingbingboom bingbingboom 6 years
Usually women who buy La Mer do not worry about how much per gallon gas costs. I wouldn't use this stat to judge the economic picture.
neonbee neonbee 6 years
I find it a little absurd base a conclusion of recovery on the increase of luxury skin care purchases. There are so many other factors to look at, not just this small segment of the market.
ashleigh07 ashleigh07 6 years
I don't think so. If you look back at times of recession, beauty brands were usually up. In times of fiscal uncertainty I believe people prioritize their lives. For a lot of women, quality skin care is something they won't waiver on. With some of these brands, products like moisturizers and cleansers can last for upwards of 6 months. You pay on average $40 for foundation almost monthly if you wear it every day. If you can spend about that monthly on skin care that works it's worth it. Also, a lot of new technology is out there. For a lot of women, they can skip in-office procedures with products that promote cellular repair and smoother texture. High-Tech beauty is also something woman are paying a lot for. It's an initial investment that will pay for itself in a month. Think of the success of the Clarisonic and Nu Brilliance and at home laser therapies. $250 for a decent micro-derm abrasion machine pays for itself in one use. Most of the series cost $500+. If you can do it at home and get the same results, it's worth it.
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