Attention Economy


Tuesday, April 21, 2015

Odd Example of a Sector in Decline (It has nothing to do with Technology)


“The fast growth of specialized scents in fabric softeners, household cleaners and body sprays has helped make America, and the typical American, smell sweeter and cleaner than ever. Even storefronts and airlines are rigging up scent machines to bathe customers in the companies’ trademarked aromas.
It’s good news for our noses but terrible news for a once-bountiful business: The nation’s perfume and cologne industry. Sales in the United States of mass fragrances, those non-designer scents bottled for a middle-class clientele, have dropped by half since 2000, to about $600 million last year, data from market researcher Euromonitor International show.
“The explosion in the use of scents … has led fragrances to be more commoditised. As a result, fragrances have lost their mystique and have become less ‘special,'” Euromonitor analysts wrote in an industry report last year. “The saturated environment in fragrances has arguably contributed to consumer confusion and apathy, making it very difficult to make a brand stand out.””