CHICAGO – Following a robust 2022, the beauty industry has sustained its momentum through the first half of 2023, according to Circana. And while the majority of sales continue to occur at mass merchants, the prestige beauty business – including beauty specialty outlets and department stores – is the industry’s growth engine, Circana said. Circana reports that
PORT WASHINGTON, N.Y. – The U.S. prestige beauty industry generated $22 billion in 2021, a 30% increase in dollar sales, versus 2020, according to The NPD Group. By category, fragrance outperformed all others in 2021 with sales up 49%, year-over-year, followed by hair products (up 47%), makeup (up 23%), and skincare (up 18%). In 2021, the
DEERFIELD, Ill. — Walgreens and online beauty retailer Birchbox are teaming up to build Birchbox retail experiences within select Walgreens stores. The multi-channel offering will bring prestige beauty brands into Walgreens stores and allow customers to discover and shop for new brands in an interactive and accessible way, and will include a curated Birchbox shop on Walgreens digital properties. As