Photo: Soeren Stache/picture alliance via Getty Images
These are the stories making headlines in fashion on Thursday.
What Trump’s win means for fashion
In the wake of Donald Trump‘s presidential win, the fashion industry is reflecting on how a second Trump administration could impact apparel, textiles and retail. With Trump’s proposed 60-100% tariffs on Chinese imports, prices will increase for American consumers, especially for apparel, toys, furniture, household appliances and footwear. The administration could also create even more obstacles for women-founded startups, given its apparent lack of interest in gender equity. Though many fashion industry players have remained silent following the outcome of the election, Diotima‘s Rachel Scott told Business of Fashion that there is “this real sense of uncertainty,” but she’s feeling emboldened when it comes to her collections. “I’m going to dig deeper into my community, I’m going to be more radical in what I say, especially now that I have more attention than I’ve ever had before … I hope it’s the same for others,” Scott said. {Business of Fashion/paywalled; Reuters; Sourcing Journal; Glossy}
Indie beauty retailers see slowdown
Indie beauty retailers like Credo Beauty, Goop and Thirteen Lune are feeling the beauty slowdown. Credo Beauty laid off 27% of its corporate staff in May 2024, Goop underwent two sets of layoffs in September and October, Thirteen Lune recently restructured its agreement with JCPenney and Violet Grey was just offloaded by Farfetch as founder Cassandra Grey bought it back. Indie beauty retail models serve as launchpads for new brands, but they have to compete against retailers like Sephora and securing access to capital has been increasingly difficult. {Business of Fashion/paywalled}
Adidas and Moon Boot debut collaboration, BabyMonster campaign
Adidas is collaborating with Moon Boot on a collection featuring footwear and ready to wear — the latter being a first for the Italian winter boot brand. Apparel offerings include a leggings and crop top set, parachute pants as well as a cropped and loose-fitting hoodie. For the launch campaign, the brands tapped K-pop girl group BabyMonster as well as content creator and author Lena Mahfouf. The collaboration is available now worldwide on the Adidas and Moon Boot websites, in stores and on the Adidas app. See campaign images and the collection, below. {Fashionista inbox}
BabyMonster for Adidas x Moon Boot. Photo: Courtesy of Moon Boot
AI can now authenticate sneakers by smell
Shoes have scents that emanate from their materials, and Osmo, a start-up that uses AI to map and create scents, believes these olfactory signatures can be the key to telling authentic shoes from fakes. Some human authenticators already conduct sniff tests as counterfeits are often made with different, cheaper materials, but Osmo is using sophisticated sensors and AI to detect and analyze these aromas with far greater precision. The company reportedly had greater than 95% accuracy distinguishing fakes when conducting a pilot with a sneaker resale company. {Business of Fashion/paywalled}
Tapestry raises annual earnings target thanks to Coach’s Tabby hype
Tapestry‘s results for the fiscal first quarter of 2025, with revenue of $1.51 billion, outperformed expectations, with Coach leading growth. Tapestry is raising its Fiscal 2025 outlook, now expecting revenue of over $6.75 billion. Tapestry has benefitted from full-price sales of Coach’s popular Tabby handbags, which retail for as much as $750. {Reuters}
Coty’s fragrance sales are rising, but mass declines
Coty Inc. released its results for the first quarter of fiscal 2025, with net revenue growing 2% and fueled by growth in fragrances across price points. Consumer Beauty revenues declined 3% on a reported basis, driven by poor performance in body care and mass cosmetics. U.S. mass color cosmetics market decline was further exacerbated by significant channel shifts, according to Coty’s Q1 report. {Coty}
Britney Spears to launch jewelry line
Britney Spears announced on Instagram that she is launching a jewelry line called B Tiny. Spears shared that her line will feature “delicate extremely different and one of a kind pieces,” alongside a picture of two chain finger bracelets in gold and silver with turquoise accents. Though an official launch date is yet to been announced, Spears wrote that B Tiny is “coming soon.” {Instagram}
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Source: Fashionista.com