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Feb 17, 2023, 7:40 pm185 pts
PopSugarThe "lipstick index" is a long-standing theory in the beauty industry that when the economy goes down, beauty sales rise. The gist being: "You may not be able to afford a Chanel bag, but you can afford a Chanel lipstick." It's potentially why the beauty space is a multibillion-dollar industry; the US market…
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