The Lipstick Index has been a longtime economic indicator during times of recession. The reasoning is that despite economic downturn, lipstick sales grow because consumers still want to buy one, small item to make them feel good. Market research company NPD Group is tracking double-digit growth in the beauty sector this year especially for higher-end products found at beauty suppliers like Sephora.(Claire Abendroth | Mlive.com) MLive Media GroupMLive Media Group

Consumers don’t feel good about the trajectory of the economy, but they still want to look good.

Market research company NPD Group is tracking double-digit growth in the beauty sector this year especially for higher-end products found at beauty suppliers like Sephora or Ulta Beauty.

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