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    Beauty against recession: Taiwan¡¦s ¡§Lipstick Effect¡¨ §©¬üÄR§Ü¤£´º®ð¡I¥xÆW¥X²{¤f¬õ®ÄÀ³



    Saturday, May 16, 2009,Page 13

    A model applies lipstick back-stage prior to the start of a fashion show during the Wills India Fashion Week in New Delhi on March 19, 2009.¤T¤ë¤Q¤E¤é¡A¦b·s¼w¨½ªº«Âº¸´µ¦L«×®É¸Ë¶g¤W¡A¤@¦ì¼Ò¯S¨à¤W¥x¨«¨q«e¦b«á¥x¸É¤f¬õ¡C ·Ó¤ù¡Gªk·sªÀ¢¬°¨«n¡Dºû¯÷¨È¨È¯Ç
    AFP PHOTO/ MANAN VATSYAYANA

    Models wear creations by US fashion designer Marc Jacobs for the Louis Vuitton fashion house during his spring-summer 2009 ready-to-wear collection presented in Paris, on Oct. 5, 2008. ¤G¢Ý¢Ý¤K¦~¤Q¤ë¤­¤é©ó¤Ú¾¤¡A¼Ò¯S¨à¬ïµÛ¬ü°ê³]­p®v°¨¥i¡D¸ë¬f¬°¸ô©ö«Âµn®É¸Ë¤½¥q³]­pªº¤G¢Ý¢Ý¤E¦~¬K®L¦¨¦ç¨t¦C¨«¨q¡C·Ó¤ù¡G¬üÁpªÀ¢¬§J¨½´µ¦h¤Ò¡D¦ã¯Ç
    PHOTO: AP/CHRISTOPHE ENA

    The ¡§Lipstick Effect¡¨ that occurred during the US Great Depression in the 1930s has now appeared in Taiwan.

    According to a study by AVON Cosmetics Taiwan, the local lipstick champion, over 50 percent of female respondents are very unsatisfied or unsatisfied with their personal economic situation. The biggest reason is the imbalance between income and expenditures, and almost 30 percent also say they have been laid off or had to take pay cuts or unpaid leave.

    As incomes shrink in the economic downturn, Taiwanese women must tighten their budget for cosmetic products. This has caused the relatively cheaper lipstick to buck the trend with increasing sales. Last year, the domestic sales figure for lipstick was almost NT$1.2 billion (about US$365 million), with 3.29 million lipsticks sold, the highest in a decade.

    Using Avon¡¦s sales figure as an example, Avon General Manager Karen Wang says the average individual lipstick purchases increased by 55.5 percent last year, and she expects double digit growth this year. The ¡§Lipstick Effect¡¨ has reached Taiwan.

    Chen Li-chin, the CEO of Perfect Image, an image management company, says that a historic view of the beauty industry shows that the beauty and make up of women has had a significant impact on social atmosphere. By applying lipstick to look good in difficult times, they cheer people up, as did those women who applied lipstick to fight the suffering of World War II with a happy face.

    Apart from the ¡§Lipstick Effect,¡¨ US economist George Taylor also proposed the famous ¡§Hemline Theory¡¨ in 1926, claiming that stock prices move in the same direction as the hemlines of women¡¦s skirts: Lower hemlines means lower stock prices, while a mini skirt fashion means surging stock markets.

    However, Chanel and Louis Vuitton, two leading French brands, made completely opposite predictions in their spring/summer collection shows.

    Led by fashion emperor Karl Lagerfeld, Chanel displayed a more conservative and pragmatic style at the Paris Fashion Week. Not only did the long skirts trail on the ground, but they were also black-and-white. This is in line with the theory that claims long skirts will be in fashion in a downturn.

    Louis Vuitton, however, fought recession in its collection, where over 70 percent of the dresses were super-miniskirts with bright colors.

    Fashion critics say the two extremes are not necessarily the designers¡¦ predictions of the economy. Whether recession-hit consumers want to dress conservatively or boost their morale by wearing miniskirts, all depends on their personal choice.

    (LIBERTY TIMES, TRANSLATED BY EDDY CHANG)

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    The ¡§Lipstick Effect¡¨ or ¡§Lipstick Theory,¡¨ first appeared during the US Great Depression in the 1930s. Simply put, women usually tighten their cosmetic budget in harsh economic times. If they can only afford one product, they are likely to choose cheaper lipsticks. This leads to strong lipstick sales. Similar phenomenons are the ¡§Hemline Index¡¨ and the ¡§Short-hair Effect.¡¨ As hemlines, stock prices, and wealth drop, women may cut their hair short and wash it themselves to save money.



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