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Bloomingdales' new makeup level opens to the public today, but they're not the only ones banking on beauty spending this year.Saks Fifth Avenue just completed a makeover on half of its 65,000-square-foot beauty floor, and it intends to finish the job by next year. Beauty is turning out to be a good investment for stores this year, as people cutting back on clothes are still splurging on cosmetics, and WWD reports that "the beauty volume for the Fifth Avenue flagship alone is estimated to be approaching $100 million." Lynne Florio, president of La Prairie Inc. says she's thrilled with the results of her updated space, "We’ve done better in September than in the rest of the year." [WWD]
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