Lipstick

Lipstick

26 products
What is the Lipstick Effect?
The lipstick effect is a term used to refer to a situation where consumers still manage to buy a luxury product like lipstick, amid an economic crisis. When there is a recession, consumers are expected to focus their purchases on goods that don't impact their already limited income. However, some consumers still have the cash to buy luxury items like premium lipstick.

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