US Salon Trends Indicate Looming Recession The beauty industry has long been considered recession-proof, with consumers willing to invest in looking and feeling good even during tough economic times. However, recent reports from hairdressers and aestheticians in the US suggest that this trend may be changing. According to a Bloomberg report, clients are now opting […]
The Debrief | Trump’s Tariffs Change Everything
The Debrief | Trump’s Tariffs Change Everything The recent implementation of tariffs by Donald Trump has sent shockwaves through the fashion industry, impacting everything from consumer behavior to global supply chains. Sustainability correspondent Sarah Kent and luxury correspondent Simone Stern Carbone have weighed in on the far-reaching implications of this historic decision. Let’s delve into […]
Why So Many Brands Gave Up on Clothing Rental
Why So Many Brands Gave Up on Clothing Rental The concept of clothing rental has been touted as a sustainable solution to fast fashion and a way for consumers to access high-end designer pieces without breaking the bank. However, despite its initial popularity, many brands have recently decided to pull the plug on their rental […]
TikTok Shop launches in France, Germany and Italy
TikTok Shop Expands to France, Germany, and Italy: A Game-Changer in EU E-Commerce The e-commerce landscape in the European Union is witnessing a significant shift with the introduction of TikTok Shop in France, Germany, and Italy. Despite facing mounting scrutiny and industry backlash, TikTok is making bold strides by integrating an in-app shopping feature, revolutionizing […]
H&M First Quarter Sales Weaker Than Expected
H&M First Quarter Sales Weaker Than Expected Swedish fashion giant H&M recently reported that its first-quarter sales have fallen short of expectations, painting a picture of a slow start to the spring and summer season. The company disclosed that sales were only up by 1 percent in March thus far, a figure that is below […]
Op-Ed | Target’s DEI Flip-Flop Came at a Price
Op-Ed | Target’s DEI Flip-Flop Came at a Price In the world of retail, decisions made by major corporations reverberate far beyond boardrooms and balance sheets. Recently, Target made headlines when it backtracked on its commitment to diversity, equity, and inclusion (DEI) initiatives, a move that has had significant repercussions. Early data now indicates that […]
Making Sense of This Week’s Big Fashion Bankruptcies
Making Sense of This Week’s Big Fashion Bankruptcies The recent announcements of Forever 21 and Hudson’s Bay heading towards liquidation have sent shockwaves through the fashion industry. These once-thriving retail giants now face the harsh reality of financial collapse, raising concerns about the future of brick-and-mortar stores in an increasingly digital world. However, a closer […]
Tencent sees surge in profits and revenue
Tencent’s Profits and Revenue Surge with DeepSeek’s AI Advancements Tencent, the Chinese tech giant, has recently reported a significant surge in both profits and revenue, much to the delight of investors and industry analysts alike. This remarkable growth can be attributed to the company’s strategic embrace of cutting-edge AI advancements, particularly through its collaboration with […]
Packaging waste in Europe: Can we achieve a circular economy?
Packaging Waste in Europe: Can We Achieve a Circular Economy? The issue of packaging waste has become a pressing concern in Europe, prompting a growing debate on the necessity of transitioning towards a circular economy model. With the increasing awareness of environmental sustainability and the detrimental impact of single-use packaging on our planet, stakeholders across […]
Macy’s Joins Retailers With Good Results, Dour Outlook
Macy’s Joins Retailers With Good Results, Dour Outlook Macy’s, a prominent name in the retail industry, recently made headlines by posting better-than-expected quarterly results. The company’s performance exceeded market expectations, showcasing its resilience in the face of challenging economic conditions. However, despite this positive achievement, Macy’s also issued a dour outlook for its annual sales […]