Industry

After decades of up and down business trends, restructuring, and shifts in management, the oldest company in North America has no choice but to liquidate its entire business. The company claimed that it made “exhaustive efforts to secure sufficient financing” but it filed with the Ontario Superior Court of Justice…Read More

While much of the luxury industry faces a slowdown, Prada Group is shining brightly thanks to Miu Miu’s explosive popularity among young, affluent shoppers. With shares up 14% this year—double the gains of LVMH and other competitors—Prada is proving its resilience in an uncertain market. The real star? Miu Miu,…Read More

Americans are increasingly anxious about their financial future, with consumer confidence falling to a 12-year low, driven by concerns over inflation and tariffs. The Conference Board’s index dropped to 92.9 in March, marking the fourth consecutive monthly decline, and Americans’ short-term expectations for income, business, and jobs reached their lowest…Read More

The global south is experiencing a significant shift, with countries like Asia, Africa, and Latin America gaining more influence in global trade, specifically in textiles and apparel. As tension rises between the US and China, nations like India, Indonesia, Brazil, Egypt, and Ethiopia are emerging as key players in the…Read More

AI shopping assistants are poised to transform retail, with companies like Nvidia and Amazon introducing advanced agentic AI capable of handling complex tasks beyond simple inquiries.  These systems can personalize shopping experiences by understanding style preferences, locating ideal products, and managing multiple requests simultaneously, essentially acting as a virtual stylist,…Read More

Fashionphile, the RealReal, Rebag, and other digitally native platforms offering millions of dollars’ worth of second-hand luxury items—such as Birkins, Rolexes, other goods— are making significant investments in the creation of their own physical stores as well as selling wholesale to other retailers such as Saks Off Fifth. In 2025,…Read More

Proposed tariffs on imported goods from trade partners, such as China and Mexico, presents a challenge for retail brands with extra costs to import anything brands need including raw material and finished goods. Brands like Steve Madden and ELF Beauty are already talking about plans to shift production to other…Read More

Amazon is stepping into the ultra-low-cost shopping arena with the beta launch of “Amazon Haul,” just as the holiday shopping season hits its stride. Targeting value-conscious shoppers, the new platform offers items priced at $20 or less, with most under $10, and introduces a playful, youth-focused interface complete with emojis…Read More

Nike replaces John Donahoe with the new CEO, Elliott Hill, who has a long history with Nike. Hill joined Nike in 1988 and has served as the President of Consumer Marketplace before retiring in 2020. Previously, Nike’s shares has been falling with decreasing sales and increased competition from brands such…Read More

The Federal Trade Commission (FTC) has been involved in a legal dispute concerning Tapestry and Capri Holdings.  The FTC is scrutinizing the proposed merger between the two companies, focusing on potential anti-competitive effects and market implications. Joanne Crevoiserat, CEO of Tapestry, has been actively involved in navigating the legal and…Read More