Fast-food chains are still ringing up sales, but the diners they serve look different from a year ago. McDonald’s said this week that profit for the spring quarter rose 11% to $2.25 billion, helped by a 3.8% gain in worldwide same-store sales. But growth at U.S. outlets slowed to 2.5%. Executives pointed to “continued pressure”…
Virtual model wearing different three different outfits promoting three different skincare products. ChatGPT Fashion modeling faces significant technological disruption as AI platforms expand beyond basic model generation into comprehensive content creation systems. Precedence Research projects the AI fashion market will reach $60 billion by 2034, with annual growth rates of nearly 40%. The transformation happening…
When I first started writing The Business of Fashion in 2007 as a blog and occasional newsletter, it was simply a place for me to explore an industry that had always fascinated me. At the time, blogs and newsletters like mine were completely new to the fashion industry. At 6am London time, mine was the…
Out of the fashion leaders polled in the 2025 BoF-McKinsey State of Fashion Executive Survey, “uncertainty” was the most common sentiment. Just 20 percent of respondents expected market conditions from 2024 to improve, while 41 percent expected conditions to remain the same and 39 percent expected them to worsen. Consumer confidence and appetite to spend…
Seventeen councils are accommodating up to 10 times more asylum seekers than homeless people, analysis suggests. The biggest disparity was seemingly in Pendle, a borough inside Reform’s newly-gained Lancashire authority. Latest Government data shows 453 asylum seekers are being housed in Pendle. In contrast, only nine homeless households are in temporary accommodation. Critics of Britain’s…
Once the darling of the consumer goods market, the $441 billion global beauty industry is showing signs of cooling. For years, a seemingly limitless appetite for newness in beauty fuelled robust volume and even greater pricing growth — from 2022 to 2024, the sector grew 7 percent annually. Now, geopolitical and economic uncertainty, along with…
Dressing celebrities for the Met Gala is a high-stakes affair. Brands work for months and invest millions of dollars to design elaborate looks, which this year were linked to the exhibition’s theme, “Superfine: Tailoring Black Style,” and the dress code, “Tailored for You.” As social media has boosted the visibility of the gala, brands must…
ADVERTISEMENT International arrivals to the United States are falling, with the biggest drops reported among western European, Central American and Caribbean travellers. Compared to 2024, the total number of global visitors by air, sea and land declined by 3.3% in 2025. March was particularly negative, with an 11.6% drop compared to the same month last…
Data is gold for fashion brands — and now, there’s more places than ever to get it. Shoppers’ journeys from interest piqued to purchase vary: They may find a product in a Substack newsletter, reach out to a fashion sourcer via Instagram DM to secure an in-demand item or tap their way to checkout after…
Hong Kong residents made 1.84 million outbound trips between Thursday and Saturday, the second day of the Easter long weekend, representing a 10 per cent increase from the same period last year. A catering industry representative forecast a potential 30 per cent decline in business during Easter compared with last year, attributing the fall to…