Color cosmetics: looking great despite a bad economy.* The global recession has forced everyone to tighten their proverbial pro·ver·bi·al adj. 1. Of the nature of a proverb. 2. Expressed in a proverb. 3. Widely referred to, as if the subject of a proverb; famous. belts and to make tough choices about which purchases are truly necessities and which are luxuries. Oddly enough, the so-called "lipstick index," popularized by Leonard Lauder Leonard Lauder (born 1934) was chief executive of Estée Lauder Companies until 1999; now he serves as chairman of the board. Today Estee Lauder dominates the prestige cosmetics industry with such brands as Estee Lauder, Clinique, M.A.C., Aveda, Bobbi Brown and Stila. , has proven to be an accurate recession barometer. In fact, new market forecasts from Chicago, IL-based Mintel predict cosmetic cosmetic /cos·met·ic/ (koz-met´ik) 1. pertaining to cosmesis. 2. a beautifying substance or preparation. cos·met·ic n. sales in the U.S. will rise as a result of the recession. Moreover, the research firm anticipates a higher growth rate for makeup makeup In the performing arts, material used by actors for cosmetic purposes and to help create the characters they play. Not needed in Greek and Roman theatre because of the use of masks, makeup was used in the religious plays of medieval Europe, in which the angels' faces now than it did just eight months ago (10% over the next five years versus 7%). Though the beauty and personal care sector is struggling overall, Mintel sees some very bright spots, especially in color cosmetics. |
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