Beauty Store Business magazine - January, 2020

NPD Group

Q3 Makeup Sales Continue to Decline, NPD Group Reports

Sales of U.S. prestige beauty products reached $4.2 billion in Q3, a 1 percent increase over 2018, according to market research findings from The NPD Group reported online.

Under the prestige beauty products umbrella, the skincare category grew by 7 percent, fragrance grew by 3 percent and haircare sales grew 17 percent.

While makeup still accounts for the largest portion of dollar sales within prestige beauty, the category declined 7 percent, after already experiencing a 4 percent decline in Q2.

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.

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.

CEW’s Year in Review and 2018 Trend Forecast Revealed!

With an audience of nearly 700 gathered at the Roosevelt Hotel in New York City, CEW’s much-anticipated Year in Review featured beauty executives from Mintel, Nielsen and the NPD Group who discussed the beauty industry’s performance in 2017 and presented a forecast for 2018 and beyond based on major trends. Topping the list of trends that impacted businesses the most were naturalness, personalization, purpose, and digital technology.

NPD Highlights: Beauty Holiday 2015 Outlook

The U.S. prestige beauty industry has entered a phase of renewed growth, which has put the industry in a healthy position heading into the 2015 holiday season. Overall dollar sales are up 8% (January through September) compared to this time in 2014 (according to the NPD Group's "U.S. Prestige Beauty Total Measured Market"); and more consumers plan on purchasing beauty products this holiday season compared to last year (according to NPD Group's "Holiday Purchase Intentions Survey 2015").