Prestige beauty sales keep growing as luxury fashion stalls

· Beauty & Fashion

Prestige beauty products such as lipsticks, creams and niche fragrances continue to grow even as the wider luxury sector struggles to regain momentum. Consumers are favoring these more accessible purchases over fashion, leather goods and jewelry.

Why it matters：The shift shows affordability is becoming a competitive advantage within luxury, pushing fashion and leather-goods houses to lean harder on beauty lines for growth and footfall.

Key points

  • Prestige beauty keeps expanding while luxury fashion, leather goods and jewelry seek a rebound.
  • Entry-level luxury items like lipstick and niche fragrance are drawing consumer spending.
  • The trend favors brands with accessible price points.

Sources (original reporting)

More stories from this day