Global Scans · Beauty & fashion · Weekly Summary

WHAT'S NEXT?: Wearables, 3D printing, sensors and other technological advancements are likely to change the world of perceived beauty and fashion towards more integrative, online services. Find out how body scanners and conductive clothing will help us live better, more healthy lives and the downside risks emanating from those who would seek to interfere with them.

• A Paris-based MNE in the cosmetics industry might bottle and sell haircare products in the U.S. but credit much of its value chain to valuable brands developed in and marketed from France. Tax Foundation
• The Green Alliance has released a report investigating how reuse is working in the UK for the fashion sector, with the organization reasoning that if reuse can work for fashion, then there is hope that it could become more common in other sectors. Let's Recycle
• Beauty is a category that Kroger has targeted as a pillar for growth and a huge opportunity for (Kroger). MarketScreener
• A string of measures backed by France's lower house of parliament could see fast fashion brands mandated to declare their environmental impact and apply a linked surcharge to every item sold. Good On You
• Consumers looking to decrease spending in 2024 with low buy years said they will most likely cut back on dining out or ordering takeout, clothing and accessories and entertainment. WWD
• The UKFT is working to develop a new framework towards a UK-based automated-sorting and pre-processing facility that will recycle clothing unsuitable for re-sale to make new clothing which can be sold in the UK to create a completely circular system. Fundraising UK Ltd
• Kyrgyzstan is a captivating destination offering a unique blend of natural beauty, rich culture, and adventure opportunities. nazret.com
• From electronics and home goods to clothing and groceries, Walmart's next sales promise exciting discounts and savings opportunities for shoppers. GrabOn Blog - Powered by GrabOn.com
• The proteins extracted by the NTU researchers were found to be rich in antioxidants, which could not only protect human skin from pollutants but could also extend the shelf life of cosmetics like body lotions and moisturisers. ScienceDaily
• Two-thirds of fashion brands will not be able to meet their sustainability targets unless they accelerate emissions reduction, and 40% have seen their emissions increase since making climate commitments. Fortune Europe
• Based on the McKinsey State of Fashion 2024 Survey findings, 73% of fashion experts said generative AI will be a priority for their businesses. Unlimited Graphic Design Service
• The perceived threat of AI to the fashion industry came to a head last year after fashion brand Levi's announced it would be using AI to generate models of more diverse body types and skin tones to increase representation of its product models. BBC News
• The proteins extracted by the NTU researchers were found to be rich in antioxidants, which could not only protect human skin from pollutants but could also extend the shelf life of cosmetics like body lotions and moisturizers. phys.org
• Gucci has used AI in combination with human creativity to predict upcoming fashion trends and to design new collections that resonate with evolving consumer preferences. Forbes
• Fashion companies' sourcing practices, from their crucial sourcing factors and sourcing destinations to operational priorities, will gradually shift in 2024 in response to the evolving business environment. FASH455 Global Apparel & Textile Trade and Sourcing
• Consumers plan to spend more on beauty, apparel, home, and footwear in 2024. Yahoo Finance
• Consumers plan to spend an average of $177.06 per person on top items like candy, food, gifts and clothing in 2024. National Retail Federation
• France will apply criteria such as volumes of clothes produced and turnover speed of new collections in determining what constitutes fast fashion. The Guardian
• France plans a ban on advertising by ultra-fast fashion companies and the introduction of a financial incentives system to make ultra fast-fashion more expensive while sustainable fashion will become cheaper. MarketScreener
• To offset the environmental impact of ultra-fast fashion, the MPs propose penalties of up to 10 euros per item sold, or up to 50% of the selling price, by 2030. MarketScreener
• The spending on jewelry, flowers, clothing, and evening outings is predicted to break previous records, with jewelry alone expected to rake in $6.4 billion. Retailwire
• Fast fashion may have hit a roadblock: last week French lawmakers unanimously approved a bill to impose increasing penalties on fast fashion products, rising to €10 on each item of clothing by 2030. The Guardian
• STYLE Bangkok 2024 will play a crucial role in elevating global competitiveness in lifestyle and fashion products, projecting export revenues to surpass 323 billion baht in 2024. Yahoo Finance

Last updated: 13 May 2024