In a thriving beauty market, Waldencast Holdings, the parent company of Milk Makeup, announced impressive financial results for Q2 of 2024. Reporting a 25.7% increase in net revenue compared to the same quarter last year, the company’s success highlights the ongoing evolution in consumer preferences and the influence of social media platforms on purchasing behavior. […]
Nordstrom Q2 Revenue Rises on Boost From Sales Event, Shares Surge
Nordstrom, the upscale department store chain, has announced a significant boost in its financial performance for the second quarter of 2024, primarily driven by the success of its Anniversary Sale event. This increase comes at a time when consumer spending remains cautious due to ongoing inflationary pressures, showcasing the resilience of luxury retailers amidst economic […]
Walmart Takes on Amazon By Adding Pre-owned Watches, Collectibles to Marketplace
In a bold move to enhance its e-commerce presence, Walmart Inc. has stepped up competition against major players like Amazon and eBay by expanding its online marketplace to include pre-owned watches, collectible trading cards, and high-end beauty products. This strategic expansion not only aims to attract a broader customer base but also addresses the growing […]
Calvin Klein Drops Another Jeremy Allen White Campaign
Calvin Klein’s ongoing partnership with actor Jeremy Allen White highlights the brand’s commitment to capturing the zeitgeist. This campaign, recently launched and shot by renowned photographer Mert Alas, showcases White in an array of dynamic settings, including playful interactions with a dog, fitness moments, and striking imagery that accentuates his physique while clad in Calvin […]
Willa Bennett Named Editor-in-Chief of Cosmopolitan and Seventeen Magazine
In an exciting development for the fashion media landscape, Hearst Magazines announced that Willa Bennett will take the reins as the editor-in-chief of both Cosmopolitan and Seventeen magazines. This dual leadership is a significant move, as Bennett is tasked with shaping the content strategy and editorial direction across multiple platforms, including print, digital, social media, […]
Tower 28 Launches in Mecca
Tower 28, a rising star in the clean beauty industry, has expanded its horizons by launching its products in Mecca, Australia’s premier prestige beauty retailer. Known for its skin-friendly formulas and innovative hybrid products, Tower 28 is capitalizing on the growing demand for gentle beauty solutions in a region increasingly receptive to clean beauty trends. […]
Japan’s Secondhand Fashion Boom Is Bigger Than the Weak Yen
The recent decline of the Japanese yen has drawn international shoppers to Japan’s vibrant secondhand fashion market. While the yen’s depreciation has indeed made shopping in Japan more appealing for foreign visitors, the growth of this market is not solely dependent on currency fluctuations. The cultural and economic dynamics surrounding the secondhand fashion industry indicate […]
Worldview: PDD Takes $55 Billion Share Hit After Warning of 'Inevitable' Profit Decline
In an alarming turn of events, PDD Holdings, the parent company of popular e-commerce platforms including Pinduoduo and Temu, has experienced a staggering $55 billion drop in its share value following warnings from executives about an “inevitable” profit decline. This decline comes as the company is grappling with increased competition both within China and in […]
Next Loses Equal Pay Claim Against Mostly Female Retail Workers
In a landmark decision for workplace equality, British retailer Next Plc has been ordered by an employment tribunal to pay over £30 million in back pay to 3,540 current and former in-store sales workers, predominantly women. This ruling is particularly significant as it marks the first successful equal pay claim against a national retailer in […]
The Business Opportunity in Gen-Z Bridal Beauty
As the members of Generation Z begin to head toward marriage, a significant shift in bridal beauty preferences emerges. This development not only highlights the changing tastes of young brides but also presents fresh revenue opportunities for beauty companies. However, it is essential for brands to navigate these waters with savvy marketing strategies to fully […]