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June 6, 2013
By: TOM BRANNA
• Sales of prestige beauty products in US department stores surged 12% to $2.6 billion in the first quarter of 2013, according to The NPD Group. “Gains in both skin care and makeup are happening in many areas, but smaller segments and sub-segments, as well as sets and kits, are making a large impact within both categories. Fragrance continues to be driven by premium offerings, including juices over $100,” said Karen Grant, vice president and global industry analyst, The NPD Group, Inc. More specifically, fragrance sales (representing 21% of prestige beauty dollars) rose 9%; skin care sales (38%) grew 14% and makeup sales (41%) grew 13%. More info: www.npd.com
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