Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
consumers
Retail
UK Christmas Retail Sales Disappoint as Shoppers Pull Back
Total sales grew 1.7 percent in December, compared with almost 7 percent growth a year earlier, the British Retail Consortium and consultancy KPMG said in a report Tuesday.
UK Christmas Retail Sales Disappoint as Shoppers Pull Back
Total sales grew 1.7 percent in December, compared with almost 7 percent growth a year earlier, the British Retail Consortium and consultancy KPMG said in a report Tuesday.
Retail
How to Reach Shoppers When They’re Not in the Mood to Shop
As savings dwindle and credit card debt soars, the American consumer’s famed resilience is starting to show some cracks. Brands and retailers would be wise to take a more sensitive approach to courting them.
How to Reach Shoppers When They’re Not in the Mood to Shop
As savings dwindle and credit card debt soars, the American consumer’s famed resilience is starting to show some cracks. Brands and retailers would be wise to take a more sensitive approach to courting them.
Retail
Buy Now, Pay Later Plans Fuel Record Online Holiday Shopping
Plans that let US consumers pay over time helped generate a record $222.1 billion in online holiday sales Nov. 1 through Dec. 31.
Buy Now, Pay Later Plans Fuel Record Online Holiday Shopping
Plans that let US consumers pay over time helped generate a record $222.1 billion in online holiday sales Nov. 1 through Dec. 31.
Global Markets
The Best of BoF 2023: Opportunities and Threats in Global Markets
Fashion businesses operating in diverse markets across Asia, the Middle East, Latin America, Eastern Europe and Africa spent much of 2023 navigating a complex and delicate set of trade-offs.
The Best of BoF 2023: Opportunities and Threats in Global Markets
Fashion businesses operating in diverse markets across Asia, the Middle East, Latin America, Eastern Europe and Africa spent much of 2023 navigating a complex and delicate set of trade-offs.
Beauty
What Beauty Brands Need to Know About the EU’s Regulation of Retinol
The European Commision has put one of the skin care industry’s most popular ingredients under review. If the new law passes, brands will have up to 3 years to reformulate existing products and take a new approach to ever-expanding international portfolios.
What Beauty Brands Need to Know About the EU’s Regulation of Retinol
The European Commision has put one of the skin care industry’s most popular ingredients under review. If the new law passes, brands will have up to 3 years to reformulate existing products and take a new approach to ever-expanding international portfolios.
China
How TikTok, Shein and Temu Are Changing the Look of E-Commerce
All three companies have embraced a busy, garish design that’s popular in China and ideally calibrated to sell plenty of low-cost products. Will the same be true as these companies attempt to move upmarket?
How TikTok, Shein and Temu Are Changing the Look of E-Commerce
All three companies have embraced a busy, garish design that’s popular in China and ideally calibrated to sell plenty of low-cost products. Will the same be true as these companies attempt to move upmarket?
China
Hong Kong Luxury Retailers Adjusting to Drop In High-Spending Chinese Tourists
The rise of competing shopping hubs like China’s Hainan island, changing consumer preferences and a rise in online shopping have fundamentally changed demand for luxury goods in Hong Kong.
Hong Kong Luxury Retailers Adjusting to Drop In High-Spending Chinese Tourists
The rise of competing shopping hubs like China’s Hainan island, changing consumer preferences and a rise in online shopping have fundamentally changed demand for luxury goods in Hong Kong.
Luxury
What Happens When the Travel Boom Ends?
Discounted airfare and lower hotel occupancies in recent months signal weakening demand in the vacation economy. For brands that thrived on “revenge travel,” this means pivoting to more versatile products and offering cheaper options.
What Happens When the Travel Boom Ends?
Discounted airfare and lower hotel occupancies in recent months signal weakening demand in the vacation economy. For brands that thrived on “revenge travel,” this means pivoting to more versatile products and offering cheaper options.
Retail
US Retail Sales Unexpectedly Rise in Solid Start to Holidays
The rebound in retail sales reported by the Commerce Department on Thursday underscored consumers’ resilience, thanks to a strong labour market.
US Retail Sales Unexpectedly Rise in Solid Start to Holidays
The rebound in retail sales reported by the Commerce Department on Thursday underscored consumers’ resilience, thanks to a strong labour market.
Beauty
The Business of Beauty Haul of Fame: The Public Becomes Private
Under eye patches make their case for out of the house attire, and Sofia Richie Grainge plots a beauty line.
The Business of Beauty Haul of Fame: The Public Becomes Private
Under eye patches make their case for out of the house attire, and Sofia Richie Grainge plots a beauty line.
Luxury
Luxury Slowdown Prompts Fears of Inventory Pile-up Over Key Holiday Season
Discounts from high-end fashion retailers raised concern that a lacklustre Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image.
Luxury Slowdown Prompts Fears of Inventory Pile-up Over Key Holiday Season
Discounts from high-end fashion retailers raised concern that a lacklustre Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image.
Retail
Unpacking Macy’s Surprise Buyout Offer
Wall Street says the $5.8 billion bid for the American department store chain comes below even the most conservative estimates for the value of Macy’s real estate properties alone.
Unpacking Macy’s Surprise Buyout Offer
Wall Street says the $5.8 billion bid for the American department store chain comes below even the most conservative estimates for the value of Macy’s real estate properties alone.
The News in Brief
Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.