2020 . 12 . 15
Beauty Industry to Lose $175 Billion USD in Revenue Due to COVID-19
The beauty sector will lose about $ 175 billion due to covid-19. In fact, consumer behavior has profoundly changed since the lockdown, quarantine and new lifestyle habits related to confinement in one's own home have made the use of beauty products less essential, especially those related to makeup. Forward-thinking brands, which have been able to shape and remodel themselves on the basis of new habits by passing or enhancing their online presence and their e-commerce, have resisted this crisis much better and have seen their online sales double or triple. The key word is: innovation.
read more