2022 . 05 . 26
China's Prestige Beauty E-commerce Sales Overcome Lockdowns
According to NPD data in China, sales of prestige cosmetics on e-commerce increased by 11% in the first quarter of 2022, with increases in January and February that offset a decline in March. During the period, sales of hair products increased by 43%, supported by a 33% increase in March alone. Sales of fragrances increased by 18%, despite the decline in March due to Covid. An improvement is expected starting in June, when the Chinese 618 Shopping Festival kicks off, and the government will release new favorable policies to increase consumption.
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