Photo: Nino Muñoz/Courtesy of The Hollywood Reporter
These are the stories making headlines in fashion on Wednesday.
The Hollywood Reporter releases the 9th edition of The Beauty Issue
For its 2025 Beauty Issue, The Hollywood Reporter highlighted Hollywood’s most sought-after glam squads, including the likes of hairstylist Serge Normant and makeup artist Pat McGrath. The release also named Kris Jenner’s facelift and Hailey Bieber’s $1 billion sale of Rhode as some of the biggest beauty moments of the year. {Fashionista inbox}
Target to spend $1 billion on improving shopping experience, plus a new partnership with OpenAI
Following a disappointing earnings report for Q3, Target’s incoming CEO Michael Fiddelke shared the company’s plans for improvement in a statement. “Expect us to remodel and refresh more stores and some of the biggest changes in major assortment categories we’ve had in years. We’re evolving our stores-as-hubs model to improve the in-store experience and offer next-day shipping for more than 50 percent of the U.S. population.” Target is also partnering with OpenAI, allowing customers to shop the retailer’s offerings within ChatGPT and ask the bot to generate curated shopping lists. {Target and OpenAI}
Sephora partners with the Golden State Warriors
On Tuesday, Sephora announced a new partnership with the Golden State Warriors, becoming the official fragrance partner of the team and its home venue, the Chase Center in San Francisco. The beauty retailer will also serve as the first-ever presenting beauty partner of the Warriors Dance Team. {Fashionista inbox}
Italian luxury brands are vetting suppliers more rigorously
Thanks to the ongoing investigations into the labor practices of the fashion industry in Milan, customers have been questioning the high costs of luxury goods when they’re made by workers experiencing poor conditions and compensation. As a result of the controversy, Italian high-end brands are increasing checks on suppliers and improving their vetting process. {Business of Fashion}
The medspa business is booming
According to a recent trend report from the American Med Spa Association, there were 10,500 med spas in the United States in 2023, compared to the previous 1,600 in 2010. The report predicts that by the end of 2026, that number could increase to 13,000. The industry’s annual $2 billion growth could pose a threat to dermatologists and plastic surgeons, despite med spas typically having non-physician operators and high complication rates. {Allure}
Equinox CEO Harvey Spevak on the luxury gym’s longevity plans
In a Vogue interview, Equinox’s CEO Harvey Spevak spoke about how the company is rebounding after a tough few years of post-covid loss, competing with new boutique gyms, utilizing AI for growth and investing in the wellness category now more than ever. “There’s still great demand for luxury products, of course, but it’s under pressure,” Spevak said. “It’s because the consumer has shifted to unique experiences, [meaning] health and wellness. That’s why I feel like we’re just warming up. We have a big opportunity.” {Vogue}
Source: Fashionista.com
