The Lipstick Effect - How Recessions Reveal Female Mating Strategy Sales figures from one of the world's largest cosmetics companies - L'Oreal - revealed that during 2008, a year when the rest of the economy suffered record declines in sales, this cosmetics leviathan experienced sales growth of 5.3%.
Now a series of psychology experiments have confirmed for the first time that while tougher economic times decrease desire for most items, they also reliably increase women's yearning for products that boost their attractiveness. Psychologists contend that these 'lipstick' effects are operating largely below conscious awareness of men and women, and therefore require precise experiments to reveal them. This is the first experimental demonstration of the famous 'lipstick effect' with psychologists confirming this psychological phenomenon is driven by women's desire to particularly attract mates 'with resources'. For example, wars are known for moments of most intense romance. But was this men or women who were buying cosmetics or personal care products? Facts and Figures in the UK fashion industry - statistics about the fashion business in England - size of economic activities. Archive: Great Britain remains a leading center for the manufacturing of clothing and high- quality fabrics, with the clothing and textile industries combined producing £8.5 billion- worth of goods and employing 150,000 people in 2007.
British Fashion Council. The World Spends Billions to Look Beautiful. How Big is the Beauty Industry? - FashInvest. As a constant shopper of beauty products, I am always amazed at how beauty departments are always so crowd (leaving only elbow room in most cases).
This is the case in department and specialty store. After pushing and literally saying excuse me over 30 times, I finally made it out of Sephora last week. 16356.pdf. Industry Insight: Fashion Industry in UK. The Global Language Monitor. [wowslider id="6"]. .
Ninth Annual Ranking Now Includes Fifty-five Cities September 6, 2012, New York and Austin, Texas. Fashion: Why the UK? 1.
Global beauty market to reach $265 billion in 2017 due to an increase in GDP. According to the latest market research from Lucintel, rising consumer incomes and changing lifestyles are driving the global beauty care products industry, which is forecasted to reach around $265 billion by 2017.
The report "Global Beauty Care Products Industry 2012-2017: Trend, Profit, and Forecast Analysis,” reckons that the industry will grow at a CAGR of 3.4 percent over the next five years, and highlights an increasing demand coming from Europe and the Asia Pacific (APAC) region. Rapid growth. The fashion business. Image copyright AFP We know that clothing is big business, but it may be surprising just how big.
The fashion industry's contribution to the British economy is an estimated £26bn - that's twice the size of the car industry's and nearly as big as the contribution from housing, according to the British Fashion Council. It is not just dresses and handbags, but also design and manufacturing that make the sector the largest part of the so-called creative industries, which include marketing, etc. It's an important part of the services sector that makes up around four-fifths of the economy. And services has powered the economic recovery, which I have written about before. I wrote then that it was a tougher sector to picture than say manufacturing cars which is tangible. But a couple of times a year during London Fashion Week, it is visible as models wear dresses that embody design as they sashay down the catwalk. It's also an industry that has taken to social media to reach that market. UK creative industries worth £71bn a year and fastest-growing sector.
Tue, 14 Jan 2014 | By Angus Montgomery The UK’s creative industries are worth £71.4 billion a year, according to new Government statistics.
The sector grew by almost 10 per cent in 2012, outperforming all other sectors of UK industry, according to the Department for Culture, Media and Sport. The creative industries as a whole now account for just over 5 per cent of the UK economy, according to the report. It also accounts for 8 per cent of UK exports – valued at £15.5 billion. The figures show that design is worth £2.5 billion a year. The figures also show that crafts are worth £248 million a year, publishing is worth £9.7 billion a year and advertising and marketing is worth £10 billion a year. Employment in the design sector, meanwhile, rose by 16 per cent in 2012, to 116 000 people. You can read the DCMS report in full here. Global fashion industry statistics - Fashion News, Business, international apparel industry world wide. Beauty Industry Analysis 2014 - Cost & Trends. Beauty Industry in 2015 at a Glance Comprised of a diverse yet interrelated set of business lines, the beauty industry helps us look and smell our best.
Before we leave the house each day, we have likely undergone our personalized beautification ritual. Included in this ritual is the daily shower and shave, the weekly nail trim, and the monthly haircut. And increasingly we are taking a more holistic view of our health, and our beautification ritual may now include a periodic massage and trip to the spa.