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This week, Vuori’s valuation hits $5.5B with latest investment, Bain, Altagamma see luxury growth slowing down, and more.
RETAIL NEWS
Loro Piana Wraps Harrods in Cashmere for Whimsical Anniversary Takeover
Loro Piana is narrating its history through 36 windows and two pop-ups at Harrods that feature goats floating on cashmere clouds, little flocks of sheep, old-fashioned wooden mills and bales of wool everywhere.
Co-creation, DTC Drive Golden Goose Nine-month Revenues
Golden Goose continues to grow and its chief executive officer Silvio Campara said the performance in the nine months of the year “shows the power of our determination, innovation and ambition.”
Ralph Lauren Raises Outlook, Bucking Broader Luxury Slowdown
Ralph Lauren raised its annual revenue outlook to 3-4 percent, driven by strong sales in Europe, Asia, and robust growth in China, while forecasting a solid holiday season.
Richemont First Half Sales Decline 1% in Rocky Times for Luxury
Cartier and Van Cleef & Arpels parent Richemont saw sales decline, with the specialist watchmaking category down 17 percent in the first six months.
Customers are complaining that they are getting less bang for their buck at the luxury store.
With latest investment, Vuori’s valuation hits $5.5B
An $825 million infusion led by General Atlantic and Stripes will fortify the athleisure brand’s already formidable challenge to market leader Lululemon.
Buying Shoes at Macy’s Isn’t Fun. Its New CEO Is Trying to Change That.
Macy’s has a fix for its shoe department: fewer shoes. Display tables at some stores now showcase about 15 pairs of shoes, half of what was previously on view. Overall, the shoe departments in these stores are carrying 300 fewer styles and colors than before the changes were introduced this year. The new look is part of Spring’s strategy to overhaul 50 top stores this year, with plans to roll out the changes to the wider fleet.
150 Years Of Christmas Windows: Global Spectacle In Retail Theatre Is More Impactful Than Ever
In a world dominated by e-commerce and endless online ads, these holiday windows offer something rare: an immersive, real-world experience that sparks joy and wonder across generations.
The State of Fashion 2025: Challenges at Every Turn
The ninth annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, reveals that economic and geopolitical challenges, combined with shifts in customer values, will define a turbulent year ahead.
- In 2025, 80 percent of executives expect no improvement in the global fashion industry.
- Sustainability has fallen off the agenda, with only 18 percent of fashion executives citing it as a top-three risk for growth in 2025, down from 29 percent in 2024.
- Lack of consumer confidence and appetite to spend was cited by 70 percent of fashion executives as the biggest concern for the year ahead.
With the light show now axed, this year’s holiday windows are set to instead display “outstanding pieces from the top names in luxury” alongside colorful snowflakes, silver harlequin flooring and dichroic vinyl.
Burberry Expands British Park-themed Pop-ups to More Global Locations
Burberry is making swift changes to its product and price ranges as well as visual merchandising via a series of global pop-ups for its latest outerwear campaign under new chief executive officer Joshua Schulman.
Bain, Altagamma See Luxury Growth Slowing Down
The elevation of prices and macroeconomic uncertainties, including China's lackluster performance, are impacting the industry in 2024, and the growth estimate for 2025 is flat to 4 percent at constant exchange rates.
Baccarat Is Moving Beyond Crystal — and Into NYC’s Meatpacking District
The 260-year-old brand is readying a new store concept that will debut in South Coast Plaza in California, and a new slate of products made of wax, leather and porcelain.
BEAUTY NEWS
The Beauty Slowdown Has Come for Indie Retailers
Credo Beauty, Goop, and Thirteen Lune are among the smaller, independent beauty retailers responding to US market headwinds.
E.L.F. Beauty Q2 Fiscal 2025 Results, Plans to Expand into Dollar General
E.l.f. Beauty grew sales by 40% in its second fiscal quarter, leading it to raise its full year earnings and sales guidance. “Not only are we the No. 1 brand amongst Gen Z by a pretty wide margin, but we’re also the most purchased brand amongst Gen Alpha and millennials,”
TikTok’s Favourite Sunscreen Brand Pushes Further Into the US
Influencers are obsessed with it. Congresswoman Alexandria Ocasio-Cortez called it her “ride-or-die” sunscreen. Its hero product’s active ingredient isn’t quite legal yet, but TikTok phenomenon Beauty of Joseon is touching down in the US for the first time.
How Gen Z Fell for Glossier’s New Perfume Without Ever Smelling It
The billion-dollar brand leaned on TikTok, not traditional fragrance marketing, to launch its new perfumes Rêve and Doux.
Inside the Search for the Next Cerave
The L’Oréal-owned skincare line grew its sales almost five times between 2017 and 2021, riding a wave of enthusiasm for straightforward, affordable, expert-approved skincare, and becoming an industry-shaping force in beauty. Other mass brands are hoping for their moment in the spotlight.
McKinsey Declares Price-Fueled Growth Is Over In Beauty. How Should Brands Respond?
In a recent report on the business of beauty, McKinsey & Co. forecast that the global beauty industry will proceed at an annual growth rate of 6% to reach $590 billion by 2028, up from $446 billion in 2023, which saw a 10% increase from 2022. While the industry’s growth potential remains meaningful, the management consultancy projected it with a warning that the “era of de facto price-fueled growth is over.”
L’Oréal at the Louvre Is a Thing of Beauty
The world’s biggest cosmetics company, L’Oréal, and the world’s largest museum, the Louvre, signed a three-year partnership to highlight beauty in art during the past 10,000 years. The exhibition, “De Toutes Beautés,” opens today.
Every Fashion Label Wants a Beauty Brand. Is There Room for All of Them?
Amid a luxury fashion slowdown, brands are launching full beauty lines at a record pace as they jostle to find their position in a crowded market.
How Sephora is shaping beauty by creating categories
Sephora doesn’t just carry beauty products. The retailer — and, by extension, the Sephora consumer — is directly responsible for building many of the leading brands and trends that shape the market. Carolyn Bojanowski, evp of merchandising at Sephora U.S., has a direct sightline in seeing those new brands and categories emerge.
COMINGS & GOINGS
