Finally, a bit good news for the U.S. beauty industry. The NPD Group, Inc. reports the U.S. prestige beauty industry* is showing signs of stabilizing from a slow start to the year. The total prestige beauty industry fell 1% for the first half of 2008 vs. 2007, but the declines are not as strong as they were in the first quarter of this year. In fact, the second quarter of 2008 was the strongest quarter in the past three years. In the , skin care was the bright spot in the market, the only category showing growth during the first half of the year. Overall, the market fell 1% to $3.88 billion for the first half. Skin care sales rose 2% to $1.2 billion, while makeup sales declined 2% to $1.6 billion and fragrance sales were off 3% to $1billion. Premium-priced facial skincare products priced $70.00 and above continued to outpace...
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