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2025 in Review: Retail Results – Beauty Outperforms Amid Uneven Consumer Confidence
If 2025 underscored one clear reality for global retail, it was that beauty continued to outperform, even as consumer confidence remained uneven and discretionary spending came under pressure. Across markets, retailers grappled with rising costs, shifting tourism flows and cautious shoppers, yet beauty and personal care consistently emerged as a stabilising force—supporting margins, driving…