Industry Analysis & Industry Trends
Beauty and cosmetics retailers have experienced overall growth over the past five years, despite a few bumps in the road during the recession. Rising disposable income levels and new product introductions will continue to support revenue growth moving forward. Nevertheless, competition is on the rise from department stores, mass merchandisers and e-tailers, which will pressure product prices and industry profit margins... purchase to read more
Industry Report - Industry Products Chapter
Beauty stores sell a wide variety of products, from makeup to sun care. Their largest segments include skin care, cosmetics and hair care products. Over the past five years, the success of sun care items has grown notable amounts due to research that has tied sun exposure to heightened health risks.
Skin care products
Skin care, which includes lotions and face creams, accounts for the largest share of revenue at an estimated 27.0%. Many of these items are considered less discretionary than cosmetics and fragrances, which has allowed this market segment to grow even during times of weak consumer spending, as was the case in 2009. In fact, IBISWorld expects that skin care product sales will help boost overall industry revenue through 2014... purchase to read more