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Wednesday, October 15, 2008

 

Even during crisis, beauty goods sell

By Ben Arnold O. De Vera, Reporter
 
Even amid a global economic meltdown, many Filipinos still want to look good, as sales of cosmetics and beauty products in the country are rosy this year, some sellers told The Manila Times.

“People do not want their faces to mirror these hard times,” said Kristine Joy Santos, sales development and education manager of the local unit of US cosmetics manufacturer Mary Kay.

Such observation reflects increased sales of cosmetic products this year.

For instance, Santos disclosed that Mary Kay Philippines has already hit its year-end sales target, and so far has sold 30 percent more than its annual sales target.

Glen Baro, a product specialist of Ever Bilena, also said their company is selling more this year than last year.

And Lenny Ragasa of Beauty Lane Philippines, a local distributor of US-made waxes, nail polish and eyelash and eyebrow accessories, said the good performance of their barely two-year-old business impressed their American suppliers.

But of course, beauty product sellers have also felt the crunch this year.

Baro noted that sales of Ever Bilena products slightly dropped when the price of rice went up in the early part of this year. Also, Ever Bilena this month raised prices of its products by between P5 and P10 because of increased costs imposed by suppliers, he said, as the company imports its products from France, Germany, Luxembourg, Taiwan and China.

Ragasa, meanwhile, related that since Beauty Lane is trying to maintain its products’ current prices, the company is cutting on costs, especially on fuel. She said Beauty Lane now impose freight charges from beauty salons where goods are delivered.

But these beauty product sellers interviewed by The Times all said that sales of cosmetic products are back to normal, if not doing even better, these days.

Because of impressive sales, Mary Kay Philippines this year has even expanded its local line to include anti-acne products, and last year also introduced a product line for men, Santos said. Mary Kay’s product line for men was received well, she said, adding that more and more men in the country are becoming “vain.” The company already sells imported make-up, lotion, scrubs, perfumes, and anti-ageing, facial and skin care products for women, all sourced from the parent company’s production facilities in the US, Europe and China.

Ever Bilena is also selling a female underwear line and footwear, and this month added bags to its range of products, Baro said.

Ragasa said that while Filipinos still prioritize buying food, they would willingly spend on beauty products—as long as Filipinos they have extra money.

   

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