Author: Haley Crawford
Gen-Z’s Y2K obsession is still going strong — and no one is benefitting more than the retailers that dressed teens 20 years ago. Despite the rise of retailers like Shein and Revolve, it’s Hollister and American Eagle, both mall hot spots among Millennials in the early 2000s, that are neck-and-neck for the top spot among female shoppers in investment bank Piper Sandler’s “Taking Stock with Teens” survey. Both saw above-average results in their second quarter this year, with Hollister seeing a record-breaking 19 percent increase in sales and American Eagle notching its second highest ever sales for the period, reaching…
NAPA, CALIFORNIA — On the first day of the third annual The Business of Beauty Global Forum, conversations delved into how the beauty industry is being shaped by changing cultural, societal and geopolitical forces.“Our industry, much like our wider world, is in flux. It’s expanding to fit new definitions of beauty and to include new voices and lifestyles. But as you all know, it’s not without growing pains,” said Imran Amed, founder and editor in chief of The Business of Fashion as the session kicked off.After several years of growth, the beauty industry’s upward trajectory is slowing down amid economic…