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Over time, BoF’s pioneering approach has made it the fashion industry’s leading source of business intelligence, and one of its most respected and influential voices, simply because we won’t find BoF’s original reporting, analysis and advice anywhere else. The Business of Beauty brings the same kind of agenda-setting coverage to the beauty and wellness space. Today, its talented team of correspondents, editors, analysts, engineers, designers, marketers and others in London, New York, Paris and Milan. All the while, online resellers are increasingly competing with traditional brick-and-mortar secondhand retailers, whose businesses have also flourished in recent years. For instance, Winmark Corporation, the owner of thrift chain Plato’s Closet, saw sales climb nearly 50 percent and net income by one-third between 2018 and 2023. Meanwhile, Japan-based luxury consignment shop 2nd Street plans to more than double its footprint in the US to 100 stores by 2029.

• OTB’s flagship label Diesel is back in the fashion conversation amid a revamp by creative director Glenn Martens, who has overhauled its product offer and brought back the cheeky, transgressive marketing sensibility.
• While many mainstream brands reference themes like falling in love, and mysterious, stylish Parisienne women as inspiration, a newer crop of brands are edgier, grittier and more subversive.
• But in all those channels — especially Sephora and Ulta Beauty — its brands will be jostling for share of wallet with some of those more agile indie brands, as well as buzzy brands with celebrity founders like Hailey Bieber’s Rhode and Selena Gomez’s Rare Beauty.
• The company reported a long-awaited lift in net sales in its third quarter results, with increases from skincare leading the way, but clouds persist over its China recovery.

“We’ve spent many years establishing our primary platform, which is the Rebag website and our stores, but now we’re in the next chapter of magnifying that,” he said. By partnering with established retailers, Rebag can reach new “ecosystems of customers” outside the fashion hotbeds in New York, California and Florida, Gorra added. Simply opening a retail location is not enough to justify its costs, however.

Shoppers are not eager to increase their fashion budgets, even as economic prospects and consumer sentiment improve in some regions. Over 80 percent of shoppers plan to spend the same or less on clothing, footwear and accessories in 2025. Over 40 percent of shoppers in the US, UK and Germany are spending less on clothing, footwear and accessories than they did a year ago. In the BoF-McKinsey State of Fashion 2025 Executive Survey, consumer confidence and appetite to spend was ranked by fashion executives as the top risk to growth. Wholesale has been an avenue for Fashionphile to enter international markets.

For the BoF-McKinsey State of Fashion 2025, CEO Patrice Louvet spoke about how pricing and merchandising strategies have set up the company for success in uncertain times. As “value” can take on different meanings, brands will need to identify which value-seeking behaviours drive their customers and tailor their strategies accordingly. Shopper surveys, social listening and analysis of customer relationship management data can all be effective ways to identify what shoppers care about in terms of value. Some brands have recognised this growth opportunity and are developing their own resale capabilities. For example, Sandro’s resale programme drives customer loyalty by giving sellers either 70 percent of the resale value if they choose to be paid directly, or 100 percent of the resale value if they choose Sandro credit. Meanwhile, Shein launched its own online peer-to-peer resale platform, Shein Exchange, in Europe in summer 2024 after seeing success in the US.

The Debrief The Future of Resale

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Nearly one third of US adults say they intentionally bought a dupe of a premium or luxury product, and the #dupe hashtag on TikTok has nearly 6 billion views. Consumers are not only looking to spend less, but they are also trying to stretch their money further. Over 60 percent of consumers in the US and UK say they are attempting to save money on fashion “often” or “as much as possible.” In the US, this figure is as high as 75 percent. In 2022, consumer confidence indexes in the US, Eurozone and China hit their lowest levels since 2005, and confidence in China once again neared record lows in August 2024. In the first half of 2024, consumer confidence was about 10 to 30 points below 2019 averages across the Eurozone, US and China, though confidence levels in the Eurozone and US are ticking up slightly from 2023. Retail and wholesale made up about 30 percent of sales last year, and could account for half of the business in the future.

BoF explains why online trends from cottagecore and quiet luxury to barbiecore and coastal grandmother bubble up and spread out — and how brands can find their footing in the fast-moving, jumbled space. But to keep growing, brands need to adapt to consumer habits that are changing quickly. It’s not weird … but truly approachable perfumes that get people excited,” said Sinks, describing the scents as “incredible”. According to the brand, which was founded in 2018, a pivotal moment was launching in Sephora’s Harlem location where it consistently outranks global brands, and overall sales are also growing double digits. Other brands Sinks and Monet mentioned as gaining speed amongst fragrance buffs were Universal Flowering, Nette and Born to Stand Out. Universal Flowering launched in 2016 and has grown its revenues around 25 percent every year since 2021, said founder Courtney Rafuse, while Nette, which makes candles and fine fragrances, has been steadily gaining speed since launching in Sephora in 2023.

Masterclass The State of Fashion 2025

New CEO Elliot Hill said the brand was making progress repositioning itself; shares jumped on the news. Prada Group, led by rocket growth at little sister brand Miu Miu, reported nine-month revenues up 18 percent year-on-year in October. Still, investors are keeping an eye on deceleration at the main, more profitable Prada line. Miu Miu’s retail sales remained strong in the fourth quarter, rising 84 percent, while Prada grew by 4 percent.

That seems like an increasingly tall order when losses continue to decline each quarter, but de La Faverie is intent on fresh thinking. “Simply put … we did not deliver sufficient levels of on-trend innovation in time,” said de La Faverie. The Budget Office of the Federation was established to provide budget function, implement budget and fiscal policies of the Federal Government of Nigeria.The Budget Office is structured into six departments – six operational departments and seven units.

It’s the fund’s latest investment in a cult menswear label in recent years after it took a minority stake in New York-based streetwear label Aimé Leon Dore in 2022. It has also previously invested in luxury brand Gabriela Hearst, mystery-box start-up Heat and sneaker and streetwear retailer Stadium Goods. The luxury fashion house will release a line of colour cosmetics this autumn, with the renowned British makeup artist Pat McGrath as its creative director. The fast fashion giant is offering higher procurement prices and guaranteed orders as it races to mitigate the impact of US tariffs.