Most Prestige Cosmetics Shine -- But Estee Lauder Stumbles
- by Sarah Mahoney @mahoney_sarah, February 6, 2023
Despite worries about the economy, consumers aren’t holding back on high-end lipsticks and pricey night creams. NPD Group says that sales of prestige beauty products climbed 15% in the U.S. last year, reaching $27.1 billion.
Estee Lauder, however, just reported its fiscal second-quarter financial results, including a disappointing 17% drop …
