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 […]
The Best of BoF 2024: Fragrance Defies the Beauty Slowdown
In a year marked by stagnation in luxury fashion and a slackening pace in beauty sales, the fragrance sector emerged as the fastest-growing category within the beauty industry in 2024. Despite challenges elsewhere, fragrance offers a compelling case study in innovation and investment that will shape future trends. Several high-profile brands, including Bottega Veneta and […]
How LVMH’s Hublot Plans to Rise Above The Watch Market’s Downturn
The luxury watch industry has been facing significant challenges, particularly as the demand in key markets like China has faltered. Amid this backdrop, Hublot’s newly appointed CEO, Julien Tornare, is redefining the brand’s approach to meet the evolving demands of consumers. In his first interview since taking the helm, Tornare emphasized the necessity of aligning […]