What Lipstick Tells Us About the Economy

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Designer coats and crystal glasses can be hard sells in a tough economy. But lipstick is another story. At least that’s the thinking behind the “lipstick index,” termed by Leonard Lauder, chairman of cosmetics company Estée Lauder, in 2001 to explain the surge in lipstick sales during that recession. Lately, the lipstick theory hasn’t been [...]
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