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.

  • [New] The fast-fashion retailer, valued at $66 billion, plans to update China's securities regulator and file for an IPO with the London Stock Exchange as early as this month. Jing Daily
  • [New] Ethical fashion will have a momentum with an estimated CAGR of 8.6%, ultimately reaching an impressive value of USD 16.8 billion by 2032. Textile Focus
  • [New] The online clothing retailer plans to update China's securities regulator on the change of the initial public offering (IPO) venue and file with the London Stock Exchange as soon as this month. The Guardian
  • [New] Europe is expected to witness significant growth during the forecast period of 2024-2031, mainly due to the rapidly growing cosmetics industry, rising health & wellness trends, growing demand for natural or vegan cosmetics products, and growing demand for algae products from the cosmetic industry. vegconomist - the vegan business magazine
  • [New] Accessorize London recognises the opportunity to meet the escalating demand for quality fashion products and services in travel retail outlets. DFNI
  • 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.
  • 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
  • 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.
  • 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

Last updated: 20 May 2024

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