NPD: The Beauty Slump is Over

Sales of U.S. prestige beauty products hit a 15-year high in 2011, said The NPD Group, growth that actually reflects the overall spike realized in the luxury sector. According to the 10th edition of Bain & Company’s Luxury Goods Worldwide Market Study, luxury saw a 12 percent uptick for the year in the Americas. “Despite the headwinds of global events and economic uncertainty, luxury is experiencing a sort of ‘anti-crisis,’” said Claudia D’Arpizio, a Bain partner in Milan and lead author of the study.