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 […]
Branded Resale Service Provider Archive Raises $30 Million
Branded Resale Service Provider Archive Raises $30 Million In the fast-paced world of fashion, sustainability and circular economy practices are gaining traction. Companies are increasingly looking for ways to extend the lifecycle of their products and reduce waste. One innovative solution that has been making waves is the concept of resale, where pre-owned items are […]
Trump’s Tariffs, Explained in 4 Charts
Trump’s Tariffs: Impact on the Fashion Industry The fashion industry is no stranger to volatility, but the recent tariffs imposed by the Trump administration have added a new layer of uncertainty. The rollout of these tariffs, along with the looming question of their duration and the possibility of more to come, has left fashion businesses […]
The BoF Podcast | The Luxury Crisis, Explained
The Luxury Crisis: Understanding the Forces Behind the Slowdown In a recent episode of The BoF Podcast, Imran Amed and Bob Safian engaged in a thought-provoking discussion about the current state of the luxury industry. The conversation revolved around the various forces that have contributed to the slowdown in the luxury sector and what steps […]
Ferragamo’s Sales Down 4% in Fourth Quarter
Ferragamo’s Sales in North America Buck the Trend, Rising 6.3% in Q4 Italian luxury fashion house Salvatore Ferragamo has recently reported a 4% decrease in sales for the fourth quarter of the fiscal year. Despite the overall dip in sales, the North American region emerged as a bright spot for the brand, with a notable […]
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates VF Corp, the parent company of popular brands like Vans, has recently made a significant comeback in the retail industry. After facing two consecutive quarterly losses, the company has managed to turn a profit and exceed second-quarter sales estimates. This impressive achievement has not only […]