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Article: Myriad reasons for optimism.(Personal Care)
- Article from:
- Mass Market Retailers
- Article date:
- March 22, 2004
CopyrightCOPYRIGHT 2004 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Personal care appliances were one of the fastest-growing segments of the housewares business between 1998 and 2002, and a number of trends, ranging from the desire for convenience to heightened health concerns and from an aging population to simple self-indulgence, promise to fuel continued growth.
According to the International Housewares Association's "2003 State-of-the-Industry Report" consumers spent $981.9 million on such items in 2002. The segment recorded an impressive 22.6% compound annual growth rate over the five-year span.
As the baby boom generation continues to advance in age, its members' health concerns are mounting and many ...