What Cosmetique’s IPO says about the booming beauty services industry
Inside Retail
OCTOBER 3, 2024
The beauty service chain is looking to cash in on a long-held economic theory in retail, dubbed the ‘lipstick effect’, that in times of economic hardship, consumer spending on beauty and feel-good services remains strong. Cosmetic surgical services were part of Cosmetique’s customer offering until it discontinued them in December 2019.
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