Industry

McKinsey: Why Markdowns Matter More Than Ever Many US retailers are reducing prices to clear excess inventory. Smart markdown strategies will make a huge difference to their bottom lines. The US consumer, just like the US economy, has been anything but predictable over the past few years—and the rapid changes…Read More

Sourcing Journal: Gen Z Has a Taste for Activism, Thrifting, and Cultures Outside Their Own DIY fashion, activism and entrepreneurship are tracking for 2023, according to Instagram. The social media platform’s 2023 trend report serves as a “data-driven guide to the cultural and social trends” as defined by Gen Z. Instagram partnered…Read More

This year redefined fashion and beauty. For industry insiders, it was a year of contending with evolving shopping behavior, accelerated trends and new consumer expectations, spurred by technology and pandemic-overhauled priorities. And that’s not to mention ongoing economic instability and related logistical roadblocks. Companies managing to triumph through the tumult…Read More