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
Retailers are rethinking pricing strategies as consumers push back against rising costs in the wake of inflation and economic pressures. Strategies like selective price cuts, bundling essentials, and reframing markdowns aim to balance value for customers while maintaining brand equity. In Business Of Fashion’s article How to Lower Prices Without Hurting…Read More
With the rise of generative AI, Wharton Assistant Professor of Marketing, Wendy De La Rosa, cautions the use of AI to encourage consumer spending, indicating that it could limit good financial decision-making. In her paper co-authored with Christopher J. Bechler, Unveiling the Adverse Effects of Artificial Intelligence on Financial Decisions via…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
In Marketplace Dignity: Transforming How We Engage with Customers Across Their Journey, Cait Lamberton, Alberto I. Duran Distinguished Professor of Marketing, along with Neela Saldanha (Yale) and Tom Wein (IDinsight), explores how protecting customer dignity boosts loyalty, brand reputation, and repeat transactions. To achieve this, they suggest three actionable levers to act on in…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
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