Fake photos generated by artificial intelligence (AI) are being misused to claim refunds from Chinese online shops, sparking moral and legal concerns. As China’s Double 11 shopping festival took place around November 11, several e-commerce shop owners revealed that they received AI-generated photos of damaged products from consumers attempting to seek refunds. Some people took…
Americans love to grumble about how a dollar just doesn’t go as far as it used to. Lately, fashion brands feel their pain. This year, the US dollar has weakened to multi-year lows against the euro, British pound, Swiss franc and many other currencies, thanks to a cocktail of geopolitical uncertainty, the Federal Reserve’s monetary…
Algorithms, viral moments and AI platforms now shape how billions of people discover, talk about and connect with fashion brands. A single TikTok trend can ignite global demand. A celebrity sighting can dominate search and social conversation. And AI chatbots like ChatGPT and Gemini are shaping how customers discover and learn about fashion. Yet many…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. More than half of Americans are working more hours than they did six months ago, according to J.D. Power. The cost of living crisis has forced people to pull back on their spending, but it’s also translated into…
“I’ll never forget the moment that David Letterman licked the body cream off my arm,” said Jessica Simpson from her home office in Calabasas, California. It was 2004 and the pop star was promoting her first-ever personal care line, an edible range of lotions and shimmer powders called Dessert Beauty, created by the entrepreneur Randi…
By Nupur Anand NEW YORK (Reuters) -Some U.S. consumers are showing increased signs of stress as inflation and higher interest rates are affecting affordability and leading to financial strain on borrowers, credit scoring company Fair Isaac Corporation, widely known as FICO, said on Tuesday. The overall national FICO score has dipped slightly by about 2…
Social media giant Meta posted a net profit of $18.3 billion in the second quarter, exceeding Wall Street expectations – Copyright AFP Fabrice COFFRINI A new study reveals that Instagram and Facebook are the apps that collect the most user data. This is based on an assessment conducted by the website QR Code Generator, which analysed the…
Fashion’s multi-brand retailers are under pressure with Canadian e-tailer Ssense the latest to feel the heat. Last month, the ailing Gen-Z favourite, once valued at more than $4 billion, said it was filing for bankruptcy protection, citing mounting debt amid changes to US trade policy, after creditors pushed for a sale. The news came just…
Please log in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties. Meesho, one of India’s largest e-tailers, has filed papers with local market regulators to launch an IPO later this year. The cheap and cheerful app aims to raise 42.5 billion rupees…
This summer, fashion’s marketing machine has had an unusual number of misfires. In just the span of a month, we’ve had: American Eagle’s “Sydney Sweeney Has Great Jeans” campaign, where the denim-clad actress’s ad nodding to her appearance was called out for having racist undertones. The brand defended its campaign, stating it “is and always…