The Future of ‘Made in Italy’: ‘Many Factories Will Disappear’ Italy has long been synonymous with luxury and quality in the world of fashion and design. The label “Made in Italy” carries prestige and tradition, representing craftsmanship and excellence. However, recent trends indicate a challenging road ahead for the country’s manufacturing sector. In the first […]
Chanel Cuts 70 US Jobs Warning of Challenging Luxury Environment
Chanel Cuts 70 US Jobs Warning of Challenging Luxury Environment Luxury fashion house Chanel is making tough decisions in response to the ever-changing economic landscape. The French maison has announced plans to cut 70 jobs in the United States, which accounts for approximately 2.5 percent of its workforce. This move comes as the renowned luxury […]
TikTok’s Rivals Are Coming for Its E-Commerce Business
TikTok’s Rivals Are Coming for Its E-Commerce Business TikTok, the wildly popular social media platform known for its short viral videos, has successfully transformed viral content into a lucrative revenue stream through its innovative e-commerce features. However, with a potential ban looming on the horizon in some regions, competitors are seizing the opportunity to challenge […]
Why Fashion Needs the Art World More Than Ever
Why Fashion Needs the Art World More Than Ever Art Basel Miami Beach has solidified its position as a cultural tentpole, drawing America’s wealthiest individuals and an increasingly diverse art customer base. This convergence of art and affluence is not just a display of aesthetic appreciation; it signifies a significant opportunity for the fashion industry […]
Macy’s Trims Sales Outlook After Holidays Didn’t Deliver
Macy’s Trims Sales Outlook After Holidays Didn’t Deliver Macy’s, a retail giant, recently made headlines as it adjusted its sales forecast for the current quarter. The move came as a surprise to many in the industry and signaled that the company’s expectations for a robust holiday season may have been overly optimistic. Despite the festive […]
Abercrombie Shares Drop Despite Strong Holiday Sales
Abercrombie Shares Drop Despite Strong Holiday Sales Abercrombie & Fitch, the renowned American retailer, has recently faced a setback as its shares took a dip by 7.4 percent in Monday’s premarket trading session in New York. This decline comes as a surprise considering the company’s impressive performance in the past year, where its shares witnessed […]
L Catterton: Finding Value in a Tough Market
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. […]