Industry

Chalice Collectibles turned an $8,000 purchase of Labubu dolls into $240,000 monthly sales, driven by viral TikTok videos, celebrity fans, and a booming resale market where rare dolls sell for thousands. Pop Mart’s Labubu dolls sell out quickly, fueling intense demand and high prices on platforms like Whatnot and StockX.…Read More

ThredUP reported strong first-quarter results, with rising consumer interest in secondhand fashion pushing revenue up 10.5% to $71.3 million. CEO James Reinhart says the resale boom could get an extra boost thanks to potential U.S. tariffs on Chinese imports, which may drive up the price of new clothes and make…Read More

As global tariffs, especially under President Trump’s policies, introduce uncertainty into trade, many U.S. beauty brands are turning to Mexico for manufacturing due to its proximity and cost-effective shipping. While Mexican production technologies lag slightly behind China’s, they’re sufficient for many beauty products, and the country offers comparable access to…Read More

E.l.f. Beauty is acquiring Hailey Bieber’s skincare brand Rhode for $1 billion to strengthen its appeal with Gen-Z consumers. Founded in 2022, Rhode has quickly grown, generating $212 million in annual sales from just 10 products and preparing for a major Sephora expansion. Bieber will stay on as chief brand…Read More

Closet sales—where celebrities, influencers, and tastemakers open up their wardrobes to the public—are becoming the coolest way to shop, especially in style hubs like New York and L.A. It’s not just about snagging a deal; it’s the thrill of discovering a piece you’ve seen on someone you follow, admire, or…Read More

Steep tariffs on Chinese goods are triggering a major supply chain shock that could soon hit the U.S. economy. Cargo shipments from China have plummeted by as much as 60%, and by mid-May, retailers like Walmart and Target warn that Americans could start seeing empty shelves and higher prices. With…Read More

While many modern retailers are bracing for challenges from rising tariffs, off-price chains like TJ Maxx, Ross, Marshalls, and Burlington are proving to be a notable exception.  As clothing and footwear prices rise, these retailers are positioned to attract bargain-hunting shoppers with discounts of 20%-60%—a result of their business model,…Read More

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