Move over GNP, GDP, and even Consumer Price Index! All I need is the lipstick sales of the Estee Lauder Group of Companies, and I shall tell you what the economy’s health is, right here, right now!
Oops, I was just plain kidding. But really, I’m not absolutely joking about it – because from an article I read last week from the New York Times, there is indeed a relationship between lipstick sales and an economy’s health – and it’s inversely related. Beauty companies have noticed that lipstick ( or lipwear – like gloss and lacquers for that matter ) sales had skyrocketed during economic downturns.