Estee Lauder chairman Leonard Lauder created the lipstick index during the economic downturn following September 11, 2001.
In fall 2001, US lipstick sales increased by 11%.
“The lipstick index has been substituted with the moisturizing index,” said Freda.
But data shows that more expensive prestige beauty sales are outpacing mass, lower-priced beauty sales.
What do you see dominating the beauty market in the second half of the year?
Persons:
Estee Lauder, Leonard Lauder, Fabrizio Freda, ”, Freda, “, Sephora, Bell, Neela Montgomery, Laura Mercier, We’ve, it’s, Skincare, It’s, we’re, Inflection’s, OpenAI, Sarah Myers West, ” West, Brian Fung, Jerome Powell, Price
Organizations:
CNN Business, Bell, New York CNN, CNN, Federal Trade Commission, Microsoft, FTC, Justice Department, Google, Nvidia, DOJ, US Department of Treasury, OPEC Monthly, Federal Reserve, US Bureau of Labor Statistics, Signet Jewelers, Federal
Locations:
New York, Asia