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China’s luxury market experienced a significant decline in 2024, contracting by an estimated 18%–20%, according to Bain & Company’s latest report on the China Luxury Goods Market. This downturn marks a sharp reversal from previous years of growth and reflects a…
The online resale market is experiencing a remarkable boom, according to ThredUp’s 13th annual Resale Report released this week. The report highlights accelerated growth in 2024 and projects the sector will reach a staggering $40 billion by 2029. This surge is…
Ulta Beauty’s latest financial results highlight a resilient performance amid economic headwinds, blending strong holiday momentum with cautious forward guidance. Ulta Beauty’s strong Q4 performance—driven by 7% share price growth and $3.49B in net sales—reflects broader resilience in a beauty…
The rapid expansion of the fast fashion market is fueled by several key factors, including increased disposable income across demographics, particularly in emerging economies where a strong middle class is eager to emulate global fashion trends. The global fast fashion…
As of 2025, Generation Z—the 70 million Americans born between 1997 and 2012—has solidified its role as the most influential demographic in US fashion, blending nostalgia, sustainability, and digital-first shopping habits to redefine industry norms. With an average annual apparel spend…
Bath & Body Works reveals surprising trend: Gen Z customers flock to physical stores to smell products before purchasing, defying digital shopping expectations. The fragrance and body care retailer is doubling down on this insight with a comprehensive strategy that…
When I heard Hudson’s Bay announcing the liquidation of its entire business in Canada, I wasn’t surprised. As arguably the largest department store in Canada with a 350-year history, its closure sends shockwaves through the Canadian retail landscape. However, to…
As of 2025, Generation Z—the 70 million Americans born between 1997 and 2012—has solidified its role as the most influential demographic in American fashion. Blending nostalgia, sustainability, and digital-first shopping habits to redefine industry norms, this cohort is steering brands toward…
The global luxury market is walking a tightrope between tradition and transformation as it approaches 2030. While wealth creation and digital natives fuel growth, brands face a perfect storm of generational shifts, sustainability demands, and regional economic swings. The global…
The global luxury fashion industry, once buoyed by relentless post-pandemic demand, now faces a prolonged slowdown with growth projected at just 1–3% annually through 2027, according to McKinsey & Company’s State of Luxury 2025 report. This starkly contrasts the 5% CAGR achieved between 2019…