In tough economic times, women buy nail polish
By Andrea Burzynski
NEW YORK (Reuters) - When times get tough, American women buy nail polish.
For the first ten months of 2011, sales of nail polish and products were up 59 percent from the same period in 2010, according to market research firm NPD Group, which also showed sales have grown since the onset of the economic downturn.
"Nail color is an affordable indulgence," said Karen Grant, vice president and global beauty industry analyst at NPD. "It's an easy way to be on-trend and to make a statement."
Although NPD's research focused on department stores, Grant said the trend extends to the mass market as well.
Demitrius Simpkins, manager of New York salon Lali Lali in New York, agreed.
"Beauty is one thing women never forget about," he said. "Manicures are a way to lift spirits."
NPD's research showed that both colored nail polish and base coats were selling well, which suggests that more women may be skipping the salon manicures and doing their own nails.
"With so many looks that you can play with for relatively little expense or commitment, it lends itself to being a DIY treatment," Grant explained. Continued...