In a pivotal move that could reshape the landscape of social media in the United States, a federal appeals court has upheld a law requiring ByteDance, the Chinese parent company of TikTok, to divest its interests in the popular short-video platform by early next year or face a ban. This landmark ruling is a significant […]
The BoF Podcast | How Skims and On Create Cultural Relevance
In today’s fast-paced environment, brands must navigate an intricate landscape where culture and consumer behavior intersect. The BoF VOICES 2024 conference recently brought together Jens Grede, co-founder of Kim Kardashian’s Skims, and David Allemann, co-founder of Swiss sportswear brand On, to discuss the art of building culturally relevant brands founded on robust product innovation. As […]
Fashion’s Innovation Dilemma
In recent developments within the fashion industry, the shuttering of Nike-owned RTFKT, a virtual sneaker brand, has sparked discussions about the perilous balance brands must navigate between innovation and practicality. This situation illustrates the broader issue that many companies face when striving to position themselves as leaders in innovation: act hastily and risk detrimental outcomes, […]
China Cotton Group Urges Uniqlo and Others to Use Xinjiang Fibre
In the complex web of global fashion and textile production, the sourcing of materials often carries significant political weight. Recently, the China Cotton Group voiced strong sentiments urging international brands, including Japan’s Uniqlo, to resume using cotton from Xinjiang, a region that has faced scrutiny over human rights concerns. This call comes in response to […]
Why A Dior Handbag Caused a Stir in South Korean Politics
In recent months, South Korean politics has faced an unexpected upheaval, stemming from an incident involving luxury fashion—a Dior handbag given to First Lady Kim Keon Hee. As the political landscape changes, it’s vital to analyze how a seemingly innocuous gift has turned into a major scandal, impacting the presidency of Yoon Suk Yeol and […]
The Business of Beauty Haul of Fame: Lipstick You Can Snuggle
As the beauty industry continually shifts to align with consumer preferences, a new trend is emerging that reflects a desire for comfort and familiarity. This change in vibe is particularly noticeable with the latest lipstick launches, such as Maybelline’s Teddy Tint—a product inspired by softness, akin to the texture of a beloved stuffed animal. The […]
Why Fashion Isn’t Making Climate Progress and What Needs to Change
The fashion industry finds itself at a crossroads, confronted by the pressing need for sustainability amidst the stark realities of climate change. Yet, according to a recent survey conducted by the Business of Fashion (BoF) and McKinsey, sustainability concerns have slipped from the minds of fashion executives, no longer ranking among the top five risks […]
Lord & Taylor Will Relaunch as an Online Off-Price Retailer
The historic Lord & Taylor department store, which first opened its doors nearly 200 years ago in New York City, is poised for a remarkable transformation under new ownership. This iconic retailer, known for its chic offerings and customer service excellence, will soon emerge with a restructured identity as an online off-price luxury retailer. Anticipated […]
Lululemon Raises Annual Forecasts Betting on Robust Holiday Sales
Lululemon Athletica recently announced an optimistic revision of its revenue and profit forecasts for the fiscal year 2024, reflecting a strong demand for athletic wear in the United States during the holiday season. This confidence in market resilience translates to an expected revenue range of $10.452 billion to $10.487 billion, which surpasses the company’s previous […]
Ulta Beauty Raises Annual Profit Forecast, Shares Rise
In a positive shift for the beauty retail sector, Ulta Beauty recently announced a raised annual profit forecast, reflecting a resurgence in demand for cosmetics during the vital holiday shopping season. This news has spurred a notable surge of over 11.5 percent in its shares during after-hours trading, highlighting the brand’s effective marketing strategies and […]