US EditionHas The End Of The Lipstick Index Been Greatly Exaggerated?
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Many people like to give us a little taste from time to time: something that we want, that improves our mood and that does not compromise our finances. However, this type of consumption can also reflect difficult economic times. This is known as the lipstick index , a concept popularized in 2001 by Leonard Lauder, then executive director of the firm Estée Lauder, after the attacks of September 11 in the United States. What is the lipstick index?…
Has The End Of The Lipstick Index Been Greatly Exaggerated?
The lipstick index has been declared over more than baggy jeans—and both have an endurable knack for sticking around. From Bloomberg to The Business of Fashion, articles have predicted peak beauty is here, consumers are tapped out, and beauty’s recession resilience is a relic. The data tells a more nuanced story. Sure, the ... The post Has The End Of The Lipstick Index Been Greatly Exaggerated? appeared first on Beauty Independent.
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