Fashion World News

Ulta Beauty Inc. trimmed its sales forecast as more US consumers cut back on makeup and cosmetics in the face of higher prices and elevated borrowing costs. from The Business of Fashion https://ift.tt/uFgS8a0

Gap Inc. beat sales expectations in the second quarter, suggesting that an overhaul by new chief executive officer Richard Dickson is working. from The Business of Fashion https://ift.tt/i0kRKda

From botulism to HIV, horror stories of minimally invasive cosmetic procedures have gained a national spotlight as consumers have turned to unlicensed practitioners. from The Business of Fashion https://ift.tt/REpbTU6

The fashion and beauty business reduced losses to £200,000 with a 52 percent sales surge to £89 million last year, driven by online growth and expansion into new product areas. from The Business of Fashion https://ift.tt/iTuPNB8

The upmarket department store chain also slightly revised its annual comparable sales forecast, raising the lower end to a range of flat to 2 percent growth. from The Business of Fashion https://ift.tt/bPupDKf

The retailer is expanding its online marketplace to include pre-owned watches, collectible trading cards, and high-end beauty products, aiming to capture more e-commerce spend and compete with rivals like eBay and Amazon. from The Business of Fashion https://ift.tt/nQLtmEG

The Mert Alas-lensed videos show White climbing out of a pool, playing with a dog, doing sit-ups and letting a glass of water spill down his torso in Calvin Klein jeans, a denim vest and underwear. from The Business of Fashion https://ift.tt/sbpIU91

The collection, called Les Éternels de Balmain, comprises eight gender-neutral fragrances, priced at $300. from The Business of Fashion https://ift.tt/grVO4kh

The New York-based label will return to the schedule after a three-season hiatus. This time around, the business is in a much healthier financial state, said designer Edvin Thompson, and is now eyeing a supply chain expansion. from The Business of Fashion https://ift.tt/b0vyqeE

The Lanvin and Sergio Rossi owner expects the year to remain challenging but is betting on a creative overhaul to reignite sales growth at the company. from The Business of Fashion https://ift.tt/BGeuPrV

The company reported second-quarter revenue of 97.1 billion yuan, below estimates, and highlighted intensified competition and potential profitability challenges. from The Business of Fashion https://ift.tt/vMnHW7O

Unilever is looking to dispose of the two prestige skincare brands, and has retained Pricewaterhousecoopers to explore a sale, per Sky News. from The Business of Fashion https://ift.tt/e4DNMY3

Start-ups like Quince and Italic that sell affordable basics made in the same factories as high-end brands are generating massive growth in appealing directly to middle-class shoppers who don’t want to resort to Shein hauls. from The Business of Fashion https://ift.tt/7mrqbYA

Gap, Abercrombie, Lululemon and others report results this week, amid growing concerns about a pullback in consumer spending. from The Business of Fashion https://ift.tt/wVNyChS

The actress will be the brand’s first celebrity beauty spokesperson, leading a lipstick campaign from September 3. from The Business of Fashion https://ift.tt/h0K1rI2

BoF Careers provides essential sector insights for fashion creatives this month, to help you decode fashion’s creative landscape. from The Business of Fashion https://ift.tt/5GHkAa0

Shoppers are finding alternative ways to get their hands on the unattainable bags, shoes and watches, from auction houses to specialised fashion sourcers. from The Business of Fashion https://ift.tt/gbnP0fs

The company said both cases had been “resolved swiftly,” with remediation steps including ending underage employees’ contracts, arranging medical checkups, and facilitating repatriation to parents or guardians as necessary. from The Business of Fashion https://ift.tt/uNynwlO

In an exclusive interview, CEO Daniel Ervér outlined his strategy to turn the Swedish fast-fashion giant’s greatest weakness – its positioning above Shein but below Zara in the category’s pricing hierarchy – into a strength. It all kicks off with a collection due out next month. from The Business of Fashion https://ift.tt/9uXZv5e

Founder and CEO William Zeqiri said he hopes the robots will be able to mix hair colours and welcome customers. from The Business of Fashion https://ift.tt/kmIBco8

Over the past six quarters, TJX has kept prices low to attract shoppers who are worried about spending in an inflationary environment. from The Business of Fashion https://ift.tt/hjBib0m

The luxury e-tailer is closing Farfetch Platform Solutions, which provides online shopping tools for retailers like Harrods, as Farfetch’s operating losses drags down its new owner Coupang’s profits. from The Business of Fashion https://ift.tt/rNlfi1P

An early pioneer of 'clean' beauty, the premium cosmetics brand is jockeying to become a household name and conquer more categories and global territories. from The Business of Fashion https://ift.tt/4P0KxvO

Coty’s fourth-quarter net revenue rose nearly 1 percent to $1.36 billion, missing LSEG estimates of $1.38 billion. from The Business of Fashion https://ift.tt/HGBRF2i

Parker launched the brand in 2013 alongside George Malkemus III, the fashion executive responsible for turning Manolo Blahnik into a household name in the US. from The Business of Fashion https://ift.tt/GNzwlDS

This week’s round-up of global markets fashion business news also features Botswana’s diamond deal, Thailand’s yarn giant and Turkey’s crackdown on Shein. from The Business of Fashion https://ift.tt/YTib1nr

Whoever steps into Fabrizio Freda’s Italian loafers in June 2025 has a big job on their hands, as the American beauty conglomerate battles softened demand internationally and on its home turf. Kickstarting meaningful growth will mean a fresh China strategy, channel and category overhauls, and generating some much needed buzz. from The Business of Fashion https://ift.tt/MRYZx43

The first woman and Black American president of The Fashion Institute of Technology, will bring to a close a 26-year tenure at the prominent fashion school. from The Business of Fashion https://ift.tt/aFVMRJv

Freda, who has been at the company for over 16 years, will retire at the end of the 2025 fiscal year in June. from The Business of Fashion https://ift.tt/GaCc5Mj

With her wardrobe of pants suits in conservative colours, the vice president has studiously avoided drawing attention to her style choices. Experts say that reflects the reality that, as a Black and Indian woman in the upper echelon of politics, self-expression carries risks. from The Business of Fashion https://ift.tt/FDL6EuH

Negotiations between the British retailer’s owner, Authentic Brands Group, and retail tycoon Mike Ashley have stalled, putting 500 jobs at risk as the company faces a full shutdown. from The Business of Fashion https://ift.tt/ISzPpTG

Macy’s is betting on refreshed stores and better merchandise even as shoppers hunt for bargains. The company will give an update on its turnaround efforts with quarterly results this week. from The Business of Fashion https://ift.tt/ku1NZML

Senior correspondent, Sheena Butler-Young and executive editor, Brian Baskin speak with sustainability correspondent Sarah Kent to discuss what rising temperatures means for the fashion production model. from The Business of Fashion https://ift.tt/KQAkTaP

This month, BoF Careers provides essential sector insights to help marketing professionals decode fashion’s creative and commercial landscape. from The Business of Fashion https://ift.tt/jzhZJUq

The Olympics may have ended but a new sporting event has begun — the race to get to the bottom of Blake Lively’s curious fashion choices. from The Business of Fashion https://ift.tt/CwQu5SZ

In the new season of the hit Netflix show, the resale platform makes a cameo, hoping that the appearance will boost its US business, which now accounts for 20 percent of its sales. from The Business of Fashion https://ift.tt/UDzXHK2

Strategic Value Partners is set to buy Blanchardstown Centre, Ireland’s largest mall as investor interest in malls rises due to lower rents and increased consumer spending. from The Business of Fashion https://ift.tt/mgC8T24

The rule targets fake reviews, which could cost $51,744 per violation, from various sources and prohibits using intimidation to remove negative feedback. from The Business of Fashion https://ift.tt/XD74kiZ

The Kenvue-owned skincare giant is releasing a new range, Collagen Bank, targeting younger consumers with actress Hailee Steinfeld as a spokesperson, a TikTok-first rollout and a focus on anti-ageing care. from The Business of Fashion https://ift.tt/ayJrqdI

Vice President Kamala Harris will host a high-profile Southampton fundraiser on August 31, with tickets ranging from $2,500 to $50,000. from The Business of Fashion https://ift.tt/HGzhnxM

The acquisition will position Trove as a leader in the sector, enabling the company to now account for 75 percent of branded resale traffic in the US, it announced Tuesday. from The Business of Fashion https://ift.tt/ni2ZxQV

Attracted in part by the legacy of the ‘sapeurs’ who have become international street style stars and inspiration for designers around the world, global fashion brands are now opening stores in the DR Congo’s shopping malls. from The Business of Fashion https://ift.tt/8yRYqQt

The company said its operating profit rose to 1.34 billion Danish crowns ($196.25 million) in the second quarter from 1.19 billion a year earlier. from The Business of Fashion https://ift.tt/iWNLX9P

The key question is whether the drop is due to a weakening economy or a shift in consumer perception towards luxury items as mere commodities. from The Business of Fashion https://ift.tt/S68QaWH

From tailoring your pitch to your audience to fine tuning a succinct narrative, BoF Careers sat down with experts working across creative functions in the fashion industry to learn how to prepare a compelling pitch. from The Business of Fashion https://ift.tt/T06wCoe

Silas Capital and G9 Ventures participated in the seed round, joining celebrity angel investors Mila Kunis, Lily Collins and Zoe Saldana. from The Business of Fashion https://ift.tt/vFYXwGt

This week, Coach owner Tapestry reports full-year results amid a slowing US economy and stalled takeover bid for Michael Kors parent Capri. from The Business of Fashion https://ift.tt/6G392Yr

Rents on New York City’s prestigious Upper East Side retail corridor are ticking up for the first time in a decade, as luxury stalwarts and newcomers alike look to tap into the neighbourhood’s affluent customer base. from The Business of Fashion https://ift.tt/qnDbAkK

The country’s tax authority will soon impose a tax on cheap packages to protect the local clothing industry from international e-commerce competitors like Shein. from The Business of Fashion https://ift.tt/9WdiMxL

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Burberry, Staud and Seiya Nakamura 2.24. from The Business of Fashion https://ift.tt/BWsaYhJ

The Macy’s-owned department store will offer pre-owned luxury handbags online and in select stores via New York-based resale platform Rebag. from The Business of Fashion https://ift.tt/pSk4Xvw

Allbirds’ sales fell 27 percent year over year to $52 million in the second quarter, but that was more than enough to keep the company within its previous guidance. from The Business of Fashion https://ift.tt/8mRnQfd

Creativity is a vital pillar to Neft Vodka’s brand identity and growth strategy. BoF hears from Paul Robinson, Neft Vodka’s chief creative officer to better understand how it supports the creative class of tomorrow. from The Business of Fashion https://ift.tt/Fn2gl1v

South Korea’s largest online retailer posted a net loss of $77 million for the June quarter, versus an average estimate for a loss of $11.7 million. from The Business of Fashion https://ift.tt/qdAHVGl

Economist Muhammad Yunus has been appointed head of Bangladesh’s interim government following former Prime Minister Sheikh Hasina’s departure amid violent protests. from The Business of Fashion https://ift.tt/JNXhMcr

Plants in Bangladesh remained closed on Tuesday afternoon, despite the lifting of a curfew in the country, according to an email from an H&M spokesperson. from The Business of Fashion https://ift.tt/D54uKtl

From sportswear giants Anta and Peak to cosmetic brands Maogeping and Chando, local companies placed their marketing bets on team uniforms, athlete endorsements and themed products. from The Business of Fashion https://ift.tt/icRY1sq

The luxury brand, which is under scrutiny for links to sweatshop labour in Italy, was behind on publishing supply chain disclosures required by UK law until last month. from The Business of Fashion https://ift.tt/afxtlQ0

Today’s brands are constrained by crises across direct-to-consumer and wholesale distribution and limited external funding pools. But it is still possible to scale a small label, even in today’s tough environment. In part two of this series, BoF Insights spoke with investors and brand leaders about how to translate cultural heat into commercial success via diversification. from The Business of Fashion https://ift.tt/r16ikeo

In the first edition of Bunjang’s ‘Korean Luxury Resale Report,’ the re-commerce platform examines the exponential growth of the secondhand market in the region and the defining trends to know now. Discover key insights from the report here, alongside BoF analysis. from The Business of Fashion https://ift.tt/nmAT90Q

The measures are being imposed after a new wave of violence on Sunday, where protesters demanding the resignation of Prime Minister Sheikh Hasina clashed with pro-government supporters in the world’s second-largest garment exporter. from The Business of Fashion https://ift.tt/sPecipA

VF Corp. and Revolve both made surprising changes to their portfolios recently, and have an opportunity to give an update on their strategic visions when they release results this week. from The Business of Fashion https://ift.tt/cQSFXew

As the fashion industry takes a breather in August, luxury brands grapple with creative leadership gaps, plummeting profits, and evolving consumer priorities, raising questions about whether current struggles signal a permanent shift in the market landscape, writes Imran Amed. from The Business of Fashion https://ift.tt/xKHvLkc

But the fast-rising daughter of Mario Sorrenti and Mary Frey is no nepo baby. ‘I didn’t become a photographer because my dad’s a photographer,’ she says. from The Business of Fashion https://ift.tt/3qHv06y

The beauty guru announced that her legal drama over her supplement and beauty brands has come to an end. from The Business of Fashion https://ift.tt/n5oeibF

London Stock Exchange CEO David Schwimmer affirmed the exchange’s commitment to governance amid scrutiny over the retailer’s labour practices. from The Business of Fashion https://ift.tt/gNnw2yP