Beauty Store Business magazine - January, 2020

market research

The NPD Group Announces Lori Monaco as President of U.S. Beauty

The NPD group has named Lori Monaco president of its U.S. beauty division. Monaco has been with NPD since 2003 and formerly served as the president of the firm’s fashion footwear, accessories and luxury divisions. She will now manage NPD’s portfolio of U.S. beauty services and product contributions. Monaco holds 25 years of experience in market research, strategy, consumer insights and business development spanning numerous industries.

U.S. Beauty Devices Market Poised for Growth

It may be time for beauty retailers to up their offerings on at-home beauty devices—with an emphasis on hair removal.

The U.S. beauty devices market is rapidly increasing, according to a market research report published by P&S Market Research. Driven by a growing geriatric population, an increase in the prevalence of skin diseases and hair loss—and more healthcare expenditure, the market is expected to reach $32.5 billion by 2023.

Prestige Beauty Sales Up 9 Percent in Q1 2018

According to market research from the NPD Group, sales of prestige beauty products grew 9 percent (to $4.2 billion) in the first quarter of 2018 mostly due to the 14 percent rise in skincare sales (to $1.5 billion). Within skin care, toners/clarifiers rose 19 percent, eye and lip treatments rose 14 percent, face moisturizers rose 11 percent and age specialist products rose 13 percent—compared to the 4 percent decline experienced during the same period last year. The suncare segment experienced even greater growth, with sunscreen and self-tanner sales up 47 and 38 percent, respectively.

The NPD Group: Specialty Stylers & Curling Irons/Brushes Lead U.S. Haircare Appliances Growth

How big is the overall U.S. haircare appliances business? Sales of flat irons/straighteners, hair dryers, specialty stylers and curling irons/brushes to consumers reached $1.318 billion for the 12-month period that ended in August 2014, Beauty Store Business has learned from The NPD Group.

Lab42 Survey Reveals Millennial Women's Preferences Buying Makeup

Lab42 Survey Reveals Millennial Women's Preferences Buying Makeup

Beauty store owners and managers, note: Millennial women are loyal to their favorite makeup brands. Sixty-eight percent say that even in a tough economy they'd opt for their preferred brands rather than less expensive products.

That's according to a survey of 500 U.S. women ages 18 to 34 who purchase makeup conducted earlier this month by market-research company Lab42.