The Ed.
Well-Known Member
While the nail industry remained pretty resilient in the tough financial times, recent figures published by Advertising Age show a bleaker outlook. The once booming business of nail art appears to be dwindling.
Beauty product manufacturer Coty, which produces Sally Hansen and OPI, reported that nail polish sales fell 4 percent in the third quarter of 2013. Sales were up 21 percent in the same quarter last year. Revlon and L'Oreal also report hard time, with polish sales falling 13 percent and 10 percent respectively in October and November.
Is it possible that we've simply all got enough nail polish? Perhaps we're just taking a breather from shelling out some pennies for that quick beauty fix? A Google Trends graph confirms that online interest in nail polish has been on the decline as well, peaking in the U.S. in July 2012.
Consumer Edge Research says that the end of nail art has taken its toll on the entire beauty industry, with growth in the U.S. market falling from 2 percent to 0.9 percent growth between this years first and third quarter. Growth was down another 0.5 percent in October, with the decreased sale of nail products and beauty appliances as the leading factor.
Consumer Edge analyst Javier Escalante summed up the falling numbers to AdAge like this, [Nail art] was a fad. He also clarifies that, while the nail polish industry has certainly suffered as a whole, its those special effects, novelty products textured and magnetic polishes, crackle top coats, nail art pens, patterned nail wraps, etc. that have taken the hit worst of all.
So what does this mean? If you're still holding on to your caviar/bubble manis and all the rest of it, then the figures indicate that you're soon going to be on your own.
Until then...geek on!
The Ed.
Beauty product manufacturer Coty, which produces Sally Hansen and OPI, reported that nail polish sales fell 4 percent in the third quarter of 2013. Sales were up 21 percent in the same quarter last year. Revlon and L'Oreal also report hard time, with polish sales falling 13 percent and 10 percent respectively in October and November.
Is it possible that we've simply all got enough nail polish? Perhaps we're just taking a breather from shelling out some pennies for that quick beauty fix? A Google Trends graph confirms that online interest in nail polish has been on the decline as well, peaking in the U.S. in July 2012.
Consumer Edge Research says that the end of nail art has taken its toll on the entire beauty industry, with growth in the U.S. market falling from 2 percent to 0.9 percent growth between this years first and third quarter. Growth was down another 0.5 percent in October, with the decreased sale of nail products and beauty appliances as the leading factor.
Consumer Edge analyst Javier Escalante summed up the falling numbers to AdAge like this, [Nail art] was a fad. He also clarifies that, while the nail polish industry has certainly suffered as a whole, its those special effects, novelty products textured and magnetic polishes, crackle top coats, nail art pens, patterned nail wraps, etc. that have taken the hit worst of all.
So what does this mean? If you're still holding on to your caviar/bubble manis and all the rest of it, then the figures indicate that you're soon going to be on your own.
Until then...geek on!
The Ed.