Gemma Acton on what it means if consumers top buying big-ticket items

Amid the cost-of-living crisis, it appears that we're still treating ourselves with the CEO of Sephora saying the company has benefited from the 'lipstick effect'. That's where cash-strapped shoppers ditch big-ticket items to purchase smaller, more affordable luxury items like make-up that boost their happiness without breaking the bank.  For more, Network Finance Editor Gemma Acton joins.See omnystudio.com/listener for privacy information.