Global Turmoil to Impact Beauty

Demeter Group recently issued a financial trends report, Beauty Industry Outlook, packed with data on category growth, retail trends and sales and marketing opportunities. Overall, Demeter estimates that U.S. beauty sales will reach $59.8 billion in 2012, slightly lower than estimates forecasted by Euromonitor, due to recent economic tribulation, causing concern at the consumer level. Here’s what the San Francisco-based investment bank had to say about category growth for the remainder of 2012.

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LVMH China: Remain Humble and Learn

Andrew Wu, Group President, Greater China for LVMH—and a native of Shanghai— discussed the complexities of the Chinese market in a special presentation last month for students of FIT’s Cosmetics & Fragrance Marketing & Management master’s program. In Andrew’s presentation he shared key statistics, but moreover stressed the importance of recognizing cultural nuances when doing business in China.

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Ready for Revival: Duty-Free

Duty-free in the U.S. has long been criticized for its dim, dusty stores and poor quality merchandising. But an improving U.S. economy and an influx of foreign travelers from countries such as China and Brazil are encouraging retail operators in U.S. airports to make improvements, according to BW Confidential.

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