US Clothing Prices Fall in January In a surprising turn of events, the latest reports indicate that clothing prices in the United States have taken a downward plunge in January. This unexpected shift comes at a time when prices for all goods have been on the rise, making the decline in apparel costs even more […]
Temu, Shein See US Sales Drop After Trump Targets China Trade
Temu, Shein See US Sales Drop After Trump Targets China Trade The recent move by President Trump to eliminate the exemption of customs duties on parcels under $800 from China has sent ripples through the retail industry. Companies like Temu and Shein, known for their affordable and trendy clothing options, have seen a significant drop […]
Join Us at BoF CROSSROADS in Dubai
Join Us at BoF CROSSROADS in Dubai BoF, the renowned authority in the fashion industry, is gearing up to host a groundbreaking event in Dubai this April. From the 10th to the 11th, BoF CROSSROADS will convene some of the most influential business and creative minds to explore and dissect the myriad of business prospects […]
How Brands Can Make It Easier for Consumers to Shop Everywhere
Connecting the Dots: Simplifying the Shopping Experience for Consumers In the fast-paced world of consumerism, brands are constantly seeking innovative ways to attract and retain customers. With the rise of e-commerce and the ever-increasing demand for convenience, it has become crucial for brands to bridge the gap between their online and offline selling channels. By […]
Why Luxury Is Broken
Why Luxury Is Broken The luxury industry is currently facing a crisis of identity and direction, as evidenced by the recent flurry of leadership changes at the top of major brands. This ongoing turbulence within the sector points to deeper issues that have been brewing for some time. From changing consumer preferences to the rise […]
The BoF Podcast | Why India Will Not Be The Next China for Luxury
The BoF Podcast | Discussing Why India Will Not Be The Next China for Luxury In a recent installment of The Business of Fashion (BoF) Podcast, Ravi Thakran offered a compelling analysis on why India is unlikely to replicate China’s trajectory in the luxury market. This insightful conversation, which took place at BoF VOICES 2024, […]
A Death Blow for Dupe Culture?
A Death Blow for Dupe Culture? The recent decision made by the president to close the de minimis tax loophole has sent shockwaves through the fashion industry, particularly impacting fast fashion giants like Shein and Temu. This ruling marks a significant shift that could potentially put an end to the era of dupe culture, where […]
AI-driven ads boost Pinterest’s revenue and user engagement
AI-Driven Ads Boost Pinterest’s Revenue and User Engagement Pinterest, the popular social media platform known for its visual discovery and bookmarking features, has been making waves in the advertising world with its AI-driven ads. By leveraging artificial intelligence to deliver more targeted and personalized ads to users, Pinterest has not only seen a significant increase […]
L’Oréal Sales Miss Estimates as China Demand Remains Weak
L’Oréal Sales Miss Estimates as China Demand Remains Weak French cosmetics giant L’Oréal recently faced a setback as its sales growth fell short of expectations, registering a mere 2.5 percent increase. The underperformance was primarily attributed to softened demand in the US market, further exacerbated by the persistent sluggishness in China, ultimately dragging down the […]
Versace Parent Capri Says Turnaround to Take a Year
Versace Parent Capri Says Turnaround to Take a Year Capri Holdings, the parent company of renowned fashion houses Michael Kors, Versace, and Jimmy Choo, has recently announced that it anticipates a year-long turnaround to restore its financial standing. Despite the high expectations surrounding the luxury brands under its umbrella, Capri Holdings foresees fiscal 2025 revenue […]