The Future of Online Resale Is Offline BoF

It is a network of fashion creatives, business professionals and entrepreneurs around the world, delivering fashion business intelligence on emerging designers, disruptive technologies and global brands that are making their mark on the industry. He realised that he had a unique opportunity to break down the barriers by providing rigorous business journalism befitting an estimated $2.5 trillion fashion industry employing millions of people around the world. By bringing them together as one global community, he and his team could share and learn from each other as the industry was being disrupted by technology, shifting consumer values and globalisation.

The e-commerce boom may have cooled but online returns rates remain high, and the costs of processing them are more expensive than ever. BoF unpacks how retailers can reduce the costs of returns and protect profit margins, while improving customers’ shopping experience to generate higher sales. A new generation of companies, however, are refining that pitch specifically for fashion.

‘Buy Canadian’ Becomes a Beauty Rallying Cry as Trump’s Tariffs Loom

Vinted reports that 65 percent of its buyers prefer to buy fewer, more expensive items that last, rather than more, cheap fashion items. Companies large and small across the US are also starting to announce donations to relief efforts. Estée Lauder Companies said it is donating to the American Red Cross and California Fire Foundation Wildlife and Disaster Relief Fund, as did Michael Kors, while LoveShackFancy has donated to the LAFD. Glow Recipe will be donating $100,000 of essential skincare products to those affected and Tarte is donating 100 percent of net proceeds from its online sales from Jan. 8 to 11 to World Central Kitchen. New York-based independent brands such as fashion label Collina Strada and body-care brand Nopalera are also donating products.

Millions of low-cost fashion products are showing up in thrift stores and on resale sites, but that’s not curbing the industry’s primary growth. Fashionphile bet big in the wholesale category with its acquisition of Canadian B2B resale company LXRandCo, Inc. in November 2023. LXR specialised in selling secondhand designer handbags to department stores such as Lord & Taylor and Century21.

This achievement is a result of the dedication and hard work of each team member at BOF. Welcome to our Education Furniture range, including sustainable, classic and agile products to suit all workspaces. Our newsletters may include 3rd-party advertising, by subscribing you agree to the Terms and Conditions & Privacy Policy. The announcement comes as the luxury industry faces a downturn, with many smaller brands struggling more than bigger brands catering to wealthier and older shoppers with more purchasing power. The designer, whose label was previously linked to LVMH’s cross town rival, Gucci-owner Kering, surprised the fashion world when her namesake brand left Kering to team up with LVMH in 2019. McCartney will continue to advise LVMH chief executive Bernard Arnault and the group’s executive team on sustainability issues as a Global Ambassador on Sustainability, they said.

Top fashion house brands will always have a stronghold in this category, but emerging indies with a robust founder story or connection to non-Western geographies or the cultural zeitgeist are edging in. But to replicate their success, the next cohort of indie fragrance brands must contend with a market that has changed. Viral hits like the mass body care line Sol de Janiero’s body sprays or the French perfumer Maison Francis Kurkdjian’s Baccarat Rouge 540 have created a new cadence of trends. Sustainability editor Sarah Kent joins executive editor Brian Baskin and senior correspondent Sheena Butler-Young to discuss new revelations of forced labour in fashion’s supply chain, and why the industry can’t seem to consistently protect its workers. Over the past year, the pristine image luxury brands have built on their links to artisanal craft, ethical manufacturing and quality has begun to crumble, buffeted by a scandal that has linked labels including Dior and Armani to sweatshops in Italy. The American brand is seeing rising sales even as consumers rebel against high prices.

President Donald Trump pointed to South Korea as a country with more unfair tariffs against American products than China, while slamming the handing out of subsidies for foreign chipmakers like Samsung Electronics Co. The Spanish company extended its partnership with the eponymous founder of Charlotte Tilbury, who will retain a minority stake in the brand until 2031. At the same time, this year Shein has faced growing competition from other ascendent ultra-cheap product purveyors — most notably, Temu. Temu’s rise, accented by its “shop like a billionaire” themed-Super Bowl ads in February, has been pervasive, though not without its own problems.

The Life Cycle of a Viral Fashion Trend

Supreme and the late Virgil Abloh’s Off-White were acquired by eyewear-maker EssilorLuxottica and Bluestar Alliance, respectively. The transactions raised concerns about what might become of the pioneering streetwear brands, which have reported uneven sales in recent years. Vice President Kamala Harris’ entry into the presidential race over the summer sparked discussion about her own fashion choices— from the Chloé suits to the Converse. As critics argue that menswear labels’ homogenous marketing style has made for a feeling of boredom and sameness in the sector, start-ups are beginning to invest in imagery that will set them apart from their competitors. Executive Editor Brian Baskin dives into whether and why men’s style is getting stale, and the brands that are trying to do something about it, with BoF correspondents Malique Morris and Lei Takanashi.

The Business of Fashion Podcast

• New York-based independent brands such as fashion label Collina Strada and body-care brand Nopalera are also donating products.
• Nike slowed down, suffering from a lack of innovation in product and marketing, culminating in the departure of CEO John Donahoe in September.
• Founded in China but now based in Singapore, Shein became one of the world’s most valuable startups thanks to its high-volume, low-cost fashion.
• Industrial applications such as plastics and electronics production account for most PFAS use, according to data from Nordic countries’ chemicals agencies .

The departments are Revenue/Fiscal Policy, Expenditure Social, Expenditure Economics, Budget Monitoring and Evaluation, Human Resources Management, Finance and Accounts. The Units are ICT, ACTU, Procurement, Legal, Stock Verification, Internal Audit and Servicom. The conglomerate will use the 12-bedroom property to host exclusive shows and events for its companies, sources told Bloomberg. The closing of its deal to create a new entity to house $4 billion worth of properties could come in early 2025. The company reported fourth-quarter revenue of €455.8 million ($478.27 million), compared with the average analyst estimate of Bof casino €439.2 million.

Soon, a community of like-minded people started gathering together around this content. And as he travelled the world to meet them, he learned first-hand how fashion impacted everyone, everywhere, and how so few of their stories were being shared with like-minded people. View our branded range of ergonomic seating solutions, suitable for a variety of workplace environments. Take a look through our furniture portfolio, and you’ll find inspiring furniture solutions that are agile, innovative and sustainable.

De La Faverie said the plan would also see its business expand its presence in what he called “consumer-preferred, high-growth channels,” like e-commerce, specialty retail, European pharmacies and travel retail in the Western countries. 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 can both create and deploy plans around internal restructuring, changes to its procurement strategy and overall fat-trimming with relative ease. But fixing its core issues, and rebuilding desire and demand for its key brands — which include its namesake line, Clinique, La Mer, MAC Cosmetics — in its top markets, the US and China, will be more difficult. LVMH’s premium partnership made the most headlines — and the cut for the opening ceremony. Christian Dior provided the costumes for Lady Gaga, Aya Nakamura and Celine Dion’s live, televised performances along the Seine and under the Eiffel Tower; while Louis Vuitton trunks were the centrepiece of a dance across the Pont Neuf.