Fashion’s biggest players just revealed how much cash they’re really pulling in. The global apparel retail industry displayed remarkable resilience in fiscal year 2023, with the world’s largest fashion companies continuing to post substantial revenues despite economic uncertainties and supply chain challenges.
What started as a tribute to service turned into a fashion breakthrough. The entrepreneurial world rarely sees such a compelling combination of military precision, innovative design, and emotional authenticity as was displayed when Ashley and Zach Sankar pitched their company, 1920 (NineteenTwenty), in Season 16 of Shark Tank.
While many people instinctively associate the word “retail” with clothing stores, the reality is that retail encompasses a far broader spectrum of products and services.
The beauty world’s best-kept secret is making a major retail move. New Zealand’s renowned wellness brand Mānuka Health has officially announced its expansion into North American retail, partnering with two prestigious beauty retailers: The Detox Market and Violet Grey.
Kim K’s fashion empire is going brick-and-mortar in a big way. Kim Kardashian’s shapewear and lifestyle brand Skims is making a major push into physical retail, announcing plans to open 16 new locations across the United States this year, bringing its total domestic footprint to 22 stores.
Even top athleisure brands aren’t immune to slowdown shocks. The athleisure giant Lululemon is facing mounting pressure as it navigates a challenging business environment, announcing the layoff of approximately 150 corporate employees at its store support centers.
Gap is stepping into the designer spotlight with serious heat. Gap Inc.’s premium fashion venture, GapStudio, has officially launched its highly anticipated summer collection, marking another significant milestone in the brand’s evolution under the creative direction of acclaimed designer Zac Posen.
The global fast fashion market is expanding rapidly, driven by affordable, trend-focused apparel. The global fast fashion market is projected to grow from $216.71 billion in 2024 to $285.96 billion by 2033, reflecting a 3.1% CAGR, according to a new report by Business Research Insights.
Eastman has unveiled a landmark innovation in sustainable beauty, introducing Esmeri™ CC1N10—a biodegradable micropowder poised to transform the color cosmetics industry while aligning with strict EU microplastics regulations.
The nicotine pouch market is undergoing explosive growth, fueled by evolving consumer preferences and a hunger for smokeless, discreet alternatives.
The sustainable fashion marketplace sector is experiencing explosive growth, with platforms like Depop, thredUP, and ASOS Marketplace driving a projected 23% annual expansion through 2032, positioning the market to eclipse $53 billion by 2032.
At Home is rolling out major closing sales at 26 locations nationwide, offering deep discounts on home décor and essentials while inventory lasts.
The Coach Foundation is taking bold steps to empower the next generation of dreamers. In a landmark announcement, the Foundation revealed a transformative $20 million investment to advance opportunities for under-resourced young people across North America.
NYX Professional Makeup is turning up the glam and the fun this summer with its latest campaign, “If You NYX [Professional Makeup] You Know” (IYNYK), featuring none other than Paris Hilton and Saweetie.
Kourtney Kardashian Barker’s Lemme supplement empire is under legal scrutiny, as allegations of deceptive advertising spark a class action investigation by a national litigation firm.
Sony is bringing enhanced 3D visualization to creators across the US with the new integration of Twinmotion for its Spatial Reality Display, the real-time 3D visualization tool powered by Unreal Engine.
Surf brand Lost International has set off a legal storm in the entertainment and lifestyle worlds, alleging that Lady Gaga’s latest album and merchandise have infringed upon its iconic “Mayhem” logo.
As financial pressures mount, Vancouver’s Mountain Equipment Co. (MEC) is under fire from suppliers over unpaid bills, with several lawsuits filed and the company reportedly exploring a sale for the second time in five years.
Shein, the global e-commerce fashion giant, is joining forces with India’s Reliance Retail to ramp up production of Shein-branded apparel in India, aiming to supply both domestic and international markets as it shifts away from reliance on Chinese manufacturing.
Footwear brand Steve Madden has launched a bold legal challenge against sportswear giant Adidas, accusing it of using aggressive legal tactics to stifle competition over common sneaker stripe designs.