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Is inflation driving up demand for affordable makeup products and dupes?

Inside Retail

The beauty industry has long been a domain where premium and affordable brands coexist, each catering to different customer segments. However, recent research from Mintel suggests that in the US, there is a subtle and evolving perception of value among beauty consumers. This growth has been driven, in part, by inflation.

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Where COVID-19 Forced Online Retailers to Change Their Prices

Wiser

eCommerce retailer websites between January 19th and April 6th, 2020. In total, Wiser reviewed nine categories to analyze the impact of COVID-19 on prices. Health & Beauty. Multiple eCommerce retailers were grouped into these categories based on the type of products sold. Prices Hold Steady in 5 Categories.

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Proudly made in China: How Chinese consumers are reclaiming domestic brands

Inside Retail

Still, many Chinese citizens were unable to afford – or unwilling to pay full retail prices – for foreign-branded items. A demand for counterfeit goods was thus sparked, fuelling a boom for local manufacturers and leading China to become the top global market for the production and sale of fake goods. The Decline of the West.

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