Editor
In times of economic distress, the conventional wisdom is that beauty, as an emotional and relatively still affordable splurge, will keep shoppers spending. But even though China is looking at a cloudy macroeconomic picture, its cosmetics sector is turning that advice on its head.
Chinese beauty sales tumbled in July, falling 4.1 percent year-over-year, and down from growth of 4.8 percent in June and 11.7 percent in May. Year to date,…
