May 6, 2015
Is the Lipstick Index Down?
The lipstick index is a term used by Leonard Lauder to describe the sales of cosmetics (and lipstick) during the recession. Basically, lipstick sales are apparently a good way to tell how the economic health is doing.
During times of a poor economy lipstick sales are up because women (or men) tend to purchase it as a “simple” pleasure versus buying more high end dresses, shoes or other expensive products.
For me, lately, it feels like the Lipstick Index is terribly down!
Why?
