Accessories Amazon Asda Christmas Expansion & Franchise Fashion HR News High Street John Lewis London Marks & Spencer Media News Results Retail Retail and Consumer Industry Retail news Sainsbury's Store Tesco UK brand china consumer deal deals and rumours department department stores e-commerce electricals expansion fashion news food grocer group launch luxury morrisons my online online retail people profit property retail property retailer sale sales supermarket waitrose
Brits splash the cash on prestige cosmetics Monday, 11th June 2012
British consumers are splashing the cash on prestige cosmetic brands in spite of the economic downturn.
Both Lancôme and Estée Lauder have reported strong growth.
Overall, sales of prestige skincare products rose 8.5 per cent by value and 4.4 per cent by volume, while mainstream products fell 0.4 per cent by value and 1.1 per cent by volume last year according to the NPD Group. Mainstream make-up rose 3.8 per cent by value but fell 2.5 per cent by volume, while their prestige counterparts were up 8.5 per cent by value and 4.3 by volume.