Inside The RealReal’s Big Reset

The Hair Tools Market Heats Up; The Technologies Changing Fragrance

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WHAT YOU NEED TO KNOW TODAY: TUESDAY, MARCH 28, 2023 The RealReal's new CEO spoke exclusively with BoF about how the secondhand platform plans to achieve profitability. The Dyson Airwrap has touched off an arms race in the once-sleepy hair tools category. Fragrance brands are deploying new technologies, like AI and upcycling, to ensure their latest scents stand out. Beauty is among the top categories for female shoppers in the UAE and Saudi Arabia, according to BoF Insights. A coalition of unions called on brands to support garment workers affected by the earthquake in Turkey.

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RETAIL Inside The RealReal's Big Reset By Cathaleen Chen

The luxury resale platform's CEO John Koryl spoke with BoF exclusively about new revenue streams, consignment updates and other ways of reaching profitability after a decade of losses. READ MORE

BEAUTY The Hair Tools Space Heats Up By Diana Pearl

With new players like Shark and Dyson making blow dryers and stylers, the hair tools segment is in the midst of an innovation push the likes of which it hasn't seen in decades. READ MORE

BEAUTY The Innovations Transforming Fragrance By Emily Jensen The art of making perfume has changed thanks to a number of new technologies from lab-grown ingredients to artificial intelligence. READ MORE

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NEWS BRIEFS E.l.f. and American Eagle Reveal Beauty Collaboration Brazilian Beauty Giant Natura Proposes 32 Percent Cut to Management Pay US Brand Management Firm Bluestar Alliance Buys Scotch & Soda Label Union Group Calls on Brands to Support Garment Workers After Turkey Quake

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Where to Focus Retail Technology Investment in 2023 Technology will reach an inflection point in the fashion industry this year, as the development of AI accelerates and the hype around web3 transitions to more realistic applications in utility, creativity and community. Concurrently, economic downturn is impacting growth opportunities and putting pressure on businesses to ensure digital and physical retail ecosystems are optimised for success. BoF and Bolt hosted an executive roundtable during the BoF Professional Summit in New York to discuss these developments with executives from Ralph Lauren, Tapestry, Michael Kors, Nordstrom, Farfetch, Saks, Rag & Bone, Proenza Schouler and Urban Outfitters. Conducted under the Chatham House rule, BoF shares anonymised insights from the conversation. READ MORE

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