Lipstick Economy
Posted by Administrator on November 13, 2008
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This is good news for us at Affordable Mineral Makeup when it comes to the economy and the desire to have quality lipstick.
History can be our guide here. As a Harvard professor explains: “The decade of the Great Depression, cosmetic sales increased 25 percent.” After the downturn following Sept. 11, lipstick sales doubled.
Looks like we’re on track for a similar lip-color craze with this latest economic funk. The New York Times notes that in the last few months, lipstick sales have shot up 40%, and even put out a list of favorites ranging in price from the budget-conscious $1.99 to the more pricey but still affordable $55. Preferred colors for this new economy? Red is out. Neutrals are in.
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