How we're buying perfume could signal how we're feeling about the economy | CNN Business

During periods of economic uncertainty, consumer behavior experts say shoppers tend to alter their purchase patterns, especially for discretionary goods. They either switch to cheaper alternatives, cut back on how often they buy a product, or stop buying some products completely. Perfume is no exception to these trends, as cheaper variants are seeing sales shoot through the roof.

“Think of it as the new’ lipstick indicator of consumer sentiment,” said Hatch. A separate report from Circana, a market research firm, showed mini bottles emerging as the leading size of choice for fragrance buyers in the first half of 2023. The report, based on retailer point-of-sale data, said that mini-sized perfumes sales have outperformed the category, accounting for 38% of total fragrances sold so far this year, up from 35% last year.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mattel announces limited-edition 'Weird Barbie' doll for sale | CNN BusinessSome might say Weird Barbies are made, not sold. Mattel, however, begs to differ.
Source: CNN - 🏆 4. / 95 Read more »

Burger King hopes this change will reignite America's love for the Whopper | CNN BusinessBurger King’s sales have grown as it works to turn around its business. But it still has a problem: Not enough customers.
Source: CNN - 🏆 4. / 95 Read more »

Under Biden, US oil production is poised to break Trump-era records | CNN BusinessCritics accuse President Joe Biden of waging a war on the oil industry that is hurting consumers at the gas pump. And yet, on his watch, US oil production is poised to shatter all-time records set during the Trump administration.
Source: CNN - 🏆 4. / 95 Read more »