(EmreKanik)

What Does It Mean That No One’s Buying $3 Nail Polish?

Earlier in the Great Recession, cosmetics company Coty was doing pretty well. The company makes the least expensive cosmeyics that you’ll find in a local drug or discount store, brands like Sally Hansen and Rimmel. Even as the global economy fell apart around us, people could still spare a few bucks for nail polish, and the company did relatively well. Now sales are down and retailers aren’t ordering as much. Why is that? [More]