Prestige Beauty Recorded Strong Sales Gains In 1Q 2016, Report Says

In the US, sales of prestige beauty products rose 4 percent to $3.7 billion in the first quarter of 2016, compared with the same quarter of 2015, according to NPD Group. Data from the market research firm's Q1 Industry Pulse report revealed online sales accounted for 14 percent of total sales, an increase of 2 percent from Q1 2015. Makeup accounted for $1.7 billion of total sales in the quarter, an increase of 9 percent; skincare sales increased 1 percent to $1.3 billion; and fragrance sales rose 1 percent to $686.9 million.