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 2024 Paris Olympics is expected to go swimmingly for the fashion, luxury, health and drinks industry boosting sales across the board. Euromonitor
• [New] In 2024 shoppers will be able to find extensive discounts on products ranging from summer fashion and premium beauty to the newest electronics and home essentials. E! Online
• [New] The high-end jewelry business, whose contribution to sales has swelled to almost 70% over the past five years, will become even more pivotal in the current fiscal year after management changes at Cartier and Van Cleef & Arpels. Yahoo Finance
• [New] Demand for personal care products is expected to increase, particularly in Germany, Italy, France, Spain, and the U.K., as consumers' preferences for grooming to promote positive self-esteem are expected to grow. Yahoo Finance
• [New] Changing consumer behaviours brought on by increased digital disclosure, personalized purchasing, and simple access to information will fuel demand for personal care products globally. Yahoo Finance
• [New] Bluestone Equity Partners invested $20 million in Qloo, a New York City-based AI platform designed to predict consumer preferences in sectors like media, fashion, and travel. Fortune
• CNBC recently learned that Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that will allow Chinese sellers to ship directly to U.S. consumers. NBC News
• Amazon plans to launch a new section dedicated to low-priced fashion and lifestyle items, allowing China-based sellers to ship directly to U.S. consumers. Practical Ecommerce
• South Korean cosmetic companies Amorepacific and LG Household & Healthcare (LG H & H) are turning their gaze westwards to the US for new opportunities as growth prospects in China dampen. CosmeticsDesign-Asia.com
• As companies reckon with declining sales in the $100 billion personal care and beauty industry, new marketing strategies - like emphasizing unique product uses - create new revenue opportunities. Insider
• The Innovate UK Textile Fund is an exciting opportunity for businesses in the UK fashion and textile sector who are looking to develop innovative solutions to pressing industry challenges. Future Fashion Factory
• Within the next three to five years, generative AI has the potential to significantly boost operating profits in the apparel, fashion, and luxury sectors. Indian Retailer
• Rise of D2C Brands: Direct-to-consumer brands are expected to contribute around 15% of fashion e-commerce GMV by 2030, leveraging influencer and social media marketing for awareness and marketplace ads for discovery. Indian Retailer
• The online fashion sector is particularly poised for significant growth, with forecasts predicting a surge to $36 billion in gross merchandise value (GMV) by 2030, driven by an impressive CAGR of 20% from 2023 to 2030. Indian Retailer
• For beauty brands, TikTok represents much more than just a social media platform, it is a test lab that evaluates the potential of new molecules with an informed audience. NellyRodi
• For brands, India is an opportunity to discover other beauty rituals, new talents and new modes of expression. NellyRodi
• The beauty and wellness sector not only holds vast potential for women but also for men in both domestic and global markets. Daily Pioneer
• The ability for businesses to fully electrify and obtain their power from 100% decarbonised sources in a timely and cost-effective fashion will see that the UK remains a world-leader in decarbonization and continues to attract green investment, both domestically and from overseas. GOV.UK
• Beauty-focused businesses are launching more products and boosting online ad spends, as they expect e-commerce shoppers for the category to more than double in 4-5 years in India. Mint
• A new vulnerability in UEFI firmware is threatening the security of a wide range of Intel chip families in a similar fashion to BlackLotus and others like it. The Register
• The Coimbatore region's textile and clothing sector should focus on value addition, new product development, and branding to capitalize on emerging opportunities. Demo

Last updated: 22 July 2024