Edwin Roman Producer, Writer Most Recent These are the biggest issues facing the fashion industry in 2025 The global fashion industry is facing a slowdown and 2025 is likely to be challenging. Cost of living, higher pay remain top priorities for American workers A majority of American workers report being satisfied with their jobs, but the cost of living and higher pay are still top concerns, according to an EIG survey. Why big box retailers are experimenting with small-format stores Target, Ulta Beauty, and Macy’s, among many others, are shifting more of their focus toward small-format stores. How younger consumers are reshaping the luxury market Gen Z is the "fastest emerging" luxury consumer, and there are implications for high-end brands. Warren Buffett's Berkshire Hathaway offers 'big stamp of approval' to beauty retailer Ulta Warren Buffett's Berkshire Hathaway revealed on Wednesday that it took a stake in Ulta. Here's why that could offer the beauty retailer a much-needed boost. Amazon Prime Day: Consumers expected to spend nearly $14 billion during e-commerce holiday Amazon Prime Day kicked off Tuesday, and beauty sales are expected to remain strong. Gen Z is projected to become the largest, wealthiest generation, according to report Gen Z will soon become the wealthiest generation ever, with spending by the generation expected to reach $12 trillion by 2030, according to a recent report. As spending on beauty slows, consumers shift to premium products US beauty sales slowed in the first quarter of 2024, but consumers are still looking for premium products. Hermès eludes luxury slowdown, could overtake Louis Vuitton as top brand: Analyst A Citi analyst contends Hermès is set to surpass its biggest competitor in the next few years and become the largest luxury fashion brand. Ulta stock downturn is simply 'normalizing,' analyst says Ulta stock has struggled to recover after the beauty retailer's CEO hinted that some of the post-pandemic cosmetics hype may be wearing out. E.l.f. Beauty, NYX Cosmetics, and other personal care brands shell out for Super Bowl ads Beauty and personal care brands seized on the spike in female viewership for the NFL, which has partly been attributed to the "Taylor Swift" effect. E.l.f. Beauty is 'rapidly moving up the market share ranks' Growth powerhouse e.l.f. Beauty continued to take market share in 2023, moving into the No. 3 spot for mass cosmetics. These brands are well positioned for the millennial, Gen Z wealth boom: TD Cowen As millennials and Gen Z-ers inherit an estimated $60 trillion in wealth in the coming decades, these are the brands they may be inclined to spend on. Birkenstock IPO tripped up by 'reckless' valuation, former LVMH chair says What's behind Birkenstock's lackluster IPO? Blame a reset in valuations, some experts say. 'Feeling seen again': How the beauty industry bounced back after 2020 Despite economic challenges, the beauty industry continues to thrive. E.l.f. Beauty CEO: Our products are flying off the shelves at Walmart, Target, and Ulta Retailers face significant challenges in keeping e.l.f. Beauty products on shelves. It's not just beauty. Fragrance is ‘booming in the US,’ Coty CEO says. Coty CEO explains why fragrances drove third quarter earnings results. E.l.f. stock may be ‘tiring out’ going into earnings, strategist says E.l.f. Beauty has shown continued strength, but has the stock outpaced earnings? How data platform Oddity is taking AI and 'unleashing it for beauty' Oddity's acquisition of Revela aims to bring AI-powered beauty and wellness products to consumers. Why social media has been ‘a game changer' for the beauty industry: Analyst The beauty industry highlights how social media is revolutionizing traditional advertising.