Consumers return to premium products after recession

Published: 9-Jan-2015
Finance

Shoppers do not buy in greater volume, but look for added value

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Consumers return to premium products after recession

The US economy and luxury beauty industry has faced a challenging time over the last decade, but a report published by IBISWorld in October, predicted revenue growth of 5% as 'disposable income levels continued to rise and consumers increasingly returned to purchasing higher value branded items.'

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