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Why Would a Beauty Brand Drop Its Prices in 2022?

Lime Crime’s bucking industry trends by abandoning its prestige branding, but the company sees it as a necessary step in its reinvention.
Lime Crime is dropping its prices in an effort to appeal to Gen-Z consumers.
Lime Crime is dropping its prices in an effort to appeal to Gen-Z consumers. (Lime Crime)

Prices for just about everything are soaring, from beef to furniture to airline tickets. A gallon of gasoline can run as much as $6 a gallon in some parts of the United States.

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Further Reading

Colour Cosmetics Make a Bold Comeback

Makeup is now growing twice as fast as skin care as beauty shoppers turn to neon eyeshadows and bold shimmery blushes to create looks inspired by TikTok trends and the Y2K revival.

Inside the Prestige Hair Care Boom

Sales of high-end hair products grew 32 percent in 2021 and more brands are debuting science-backed scalp serums and hair repair treatments in response to customer demand.

Inside the High-End Perfume Boom

From fast-growing pure players like Amouage and Byredo to top-end launches from luxury's biggest names, the world of niche fragrances is getting a whole lot bigger.

About the author
Diana Pearl
Diana Pearl

Diana Pearl is Senior News and Features Editor at The Business of Fashion. She is based in New York and drives BoF’s marketing and media coverage.

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