Why Even Luxury Brands Can’t Quit Discounting

Why This Downturn Is Different, Kim Kardashian's Beauty Impact

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, DECEMBER 22, 2022 Luxury brands may be tempted to ramp up markdowns as they brace for a tougher climate in 2023. Kim Kardashian may have launched her skin care brand this year, but her biggest impact on the beauty world came from elsewhere. Beauty and budget retailers will be likely winners this holiday season, according to foot-traffic data from Placer.ai. This week on The Debrief, workplace and culture correspondent Sheena Butler-Young explains how CEOs are approaching next year differently.

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PROFESSIONAL Why Even Luxury Brands Can't Quit Discounting By Pierre Mallevays

After avoiding markdowns for much of the last two years, many brands may be tempted to return to their old ways this holiday season. Are discounts a necessary evil? READ MORE

BEAUTY How Kim Kardashian Changed Beauty – Again By Rachel Strugatz Kim Kardashian may have launched her beauty brand, SKKN by Kim, with a collection of nine skin care products this year, but her impact on the beauty world came from just about everything else. READ MORE

WORKPLACE & TALENT The Debrief | Fashion CEOs Explain Why This Downturn Is Different By Lauren Sherman and Sheena Butler-Young

Much has changed about the world since the last recession — meaning, fashion's reaction will shift this time around, explains BoF's workplace and talent correspondent Sheena Butler Young. READ MORE

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NEWS BRIEFS Retail Traffic Data Highlights 2022 Holiday Winners and Losers

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