When the economy takes a turn for the worse, consumers choose affordable treats such as cosmetics. That’s been the wisdom since the 2001 recession, when Leonard …
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Recession
What’s Behind the Slow Fashion Recession
In February, ARQ, the Oregon-based purveyor of ethically made high-waisted granny panties, sculpting tank tops and other exaggerated underwear, quietly stopped accepting returns. The next …
How to Invest in Technology During a Recession
Investing in the right technology can be difficult even in the best of times. The field of available options is vast, it’s easy to be …
Advice From Fashion CEOs on Leading in a Recession
On a Thursday morning sitting in his office at the New York corporate headquarters for Xcel Brands, parent of clothing brands Halston and C Wonder …
US Economy Shrinks for a Second Quarter, Raising Recession Odds
The US economy shrank for a second straight quarter, raising chances of a recession, as decades-high inflation undercut consumer spending and Federal Reserve interest-rate hikes stymied …
Will a Recession Stunt Sustainable Fashion?
Prices are up, consumer confidence is down, and analysts are increasingly talking about when — not if — a recession will hit the economy. The …
Selling Lipstick and Stockpiling Cash: How Beauty Brands Are Preparing for a Recession
It’s the sign of doom that economists have been dreading: the lipstick index is on the rise. Coined in 2001 by Leonard Lauder, chairman emeritus …