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This reflects the ongoing 鈥渓ipstick effect,鈥� in which consumers splurge on small luxuries to cheer themselves up during times of economic crisis. The growth also reflects innovation from leading beauty ecommerce players, such as Boots, Superdrug, and Sephora. The health category is bouncing back as online pharmacy services expand.

In-store styling, traditionally offered by luxury department stores, may become more popular among fast-fashion brands, with some help from technology. For example, H&M鈥檚 SoHo store in New York City features smart mirrors in the fitting rooms that can identify customers鈥� products and provide personalized recommendations.

The EV market continued to diversify beyond luxury models, but the lack of EVs in the sub-$25,000 segment stifled wider adoption in North America. Chinese EV makers like BYD and Geely continued to gain ground in emerging markets with low-cost models designed for specific regions. Strategic partnerships and investments grew. Volkswagen invested $5 billion in Rivian.

What Barington wants: Barington鈥檚 main concern is Macy鈥檚 share price, which it believes is significantly undervalued compared with peers and doesn鈥檛 reflect the potential of its turnaround plan, the strength of its luxury business, or its extensive real estate portfolio. It sees four main ways to boost the retailer鈥檚 value to shareholders:.

And there's some other stats that go with that. 70% of Gen Alphans believe they have a basic understanding of money and they prioritize their ability to buy luxury goods including skincare products that 30% of them are too young to need. So just like some interesting spending habits that probably go hand in hand with the credit card debt. Rob Rubin (09:34):. With TikTok. Lauren Ashcraft (09:34):.

The number of these consumers, who have assets worth more than $30 million, is expected to grow 50% between 2023 and 2028, making the country a particularly lucrative opportunity for luxury brands. India鈥檚 luxury market is expected to grow between 15% and 25% annually for the next seven years, per Barclays.

Platforms add ancillary services to cater to luxury shoppers and sellers.

The D'Amelio sisters have expanded into fashion partnerships with luxury brands like Louis Vuitton and Valentino. Emma Chamberlain moved into the co-CEO position at her coffee company, showing creators' evolution into serious business leaders.

Makeup and fragrances, high-priced fashion staples, and super luxury brands are Gen Z鈥檚 favorite categories for dupes, according to Cafeteria, an app that connects teens with brands. Products meant to last, like coats and jewelry, or with high name brand recognition, like Nike, are less popular as dupes.

Its turnaround strategy includes shuttering 150 stores and focusing more heavily on luxury and beauty. Reports that Walgreens may sell itself to private equity firm Sycamore Partners could prompt the struggling chain to shutter even more locations鈥攊t鈥檚 already planning to close 14% of its US stores over three years.

Our take: Delta has ample reason to be optimistic鈥攕pending from wealthy consumers has been resilient across sectors, from CPG to luxury, as easing inflation and stock market gains boost sentiment.

High-income travelers present a travel media opportunity for luxury brands, who can reach consumers that may be more likely to buy premium products by targeting consumers who opt for higher-tier airline seats, rideshare options, and hotels. Drivers: 71% of traveling US adults plan to use a car this holiday season, making the transit method more than twice as popular as planes (31%), per CivicScience.