In the dynamic realm of the fashion industry, identifying winning brands has never been more crucial. Nikhil Thukral, managing partner at L Catterton, a leading consumer-focused private equity firm, shared insights on navigating this complex landscape during a recent interview regarding the BoF-McKinsey State of Fashion 2025 report. With economic pressures and shifting consumer preferences, […]
Sustainability: The Case for Collective Action
The fashion industry faces a critical juncture. As detailed in the BoF-McKinsey State of Fashion 2025 report, the sector’s fragmented nature demands a unified approach to decarbonisation efforts; otherwise, it risks falling behind economically and environmentally. The urgency of collaborative action has never been clearer, as the challenge to achieve sustainability lies not just within […]
Tally of US Shoppers Slipped During Key Holiday Weekend
In a notable shift in consumer behavior, fewer Americans participated in shopping activities during the Thanksgiving weekend of 2024, signaling a trend of selective spending amidst ongoing economic pressures. According to the National Retail Federation (NRF) and Prosper Insights & Analytics, an estimated 197 million shoppers engaged in either in-store or online purchases from Thanksgiving […]
Gap Inc. Raises Sales Forecast as Brands Gain Market Share
Gap Inc. has recently upgraded its sales outlook for the fiscal year, signaling improved performance across its brand portfolio, which includes popular names like Old Navy, Banana Republic, and Athleta. The apparel retailer now anticipates sales growth between 1.5 percent to 2 percent, a notable increase from its earlier forecast of less than 1 percent. […]
Fashion Industry Forecast: Navigating the Challenges of 2025
The year 2025 promises to be pivotal for the fashion industry, presenting a spectrum of challenges and opportunities that will determine the trajectory of various brands. As high inflation weighs heavily on consumer behavior, fashion companies must recalibrate their strategies to thrive amidst economic uncertainty and evolving market dynamics. Recent insights reveal that the expected […]
US Retailers Import Fewer Christmas Goods Ahead of Tepid Holiday Season
As the holiday season approaches, a significant shift is evident among US retailers regarding their inventory strategies. Data shows that imports of holiday products, including popular items such as Christmas trees, toys, and decorations, have markedly decreased this year. Major retailers, notably Walmart, are importing considerably less than in previous seasons, reflecting a cautious approach […]
PepsiCo Leverages Data to Enhance Sales Amid Changing Consumer Preferences
PepsiCo is taking significant steps to adapt to the shifting landscape of consumer demand by enhancing its data collaboration efforts with major retailers. This strategy comes in response to declining sales and the growing preference among consumers for budget-friendly options, which have notably affected snack sales volumes. As a result, the company has revised its […]
Luxury’s Current Slowdown Could Last Longer Than Previous Crises, Chanel Watches and Jewellery President Warns
The luxury goods sector is facing significant challenges, as highlighted by Frédéric Grangié, president of Chanel Watches and Jewellery, in a recent interview with Swiss newspaper Le Temps. According to Grangié, the predominant issue plaguing the industry is not just external economic factors or wavering markets like China; rather, it is a deep-seated “luxury fatigue” […]
Western Brands Are Losing More Ground to Cheaper Chinese Rivals
In recent months, the shift in consumer behavior in China has significantly impacted major Western brands such as L’Oréal and LVMH, causing them to report disappointing earnings where local competitors thrive. The growing consumer frugality in China, driven by a combination of economic challenges and changing tastes, has allowed affordable local brands to flourish, further […]
Is Q-Commerce the Next Big Beauty Opportunity in India?
The rapid rise of quick commerce (or q-commerce) platforms in India presents significant potential for the beauty industry, marking a shift in consumer behavior and shopping preferences. These apps, which promise delivery within just 10 to 20 minutes, have gained immense popularity, especially in urban areas. As experts suggest, this burgeoning market could see substantial […]