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Have Shein’s Sales Peaked?

Gucci Names New Creative Director, Ssense Lays Off 138 Employees

WHAT YOU NEED TO KNOW TODAY: MONDAY, JANUARY 30, 2023 Shein is shaking up operations after years of explosive sales growth came to an end last year. Ssense laid off staff for the first time in its 20 year history, citing the post-pandemic slump in online shopping. Tiffany teased a collaboration with Nike on limited-edition Air Force 1s. Mugler and Alaïa proved that iconic signatures can be rewritten for a new age, writes Tim Blanks. Makeup artist-led beauty lines are seeing strong demand from consumers and potential acquirers. The Estée Lauder Cos. and e.l.f. Beauty, which both report earnings this week, have wildly different outlooks for 2023.

TOP STORIES

RETAIL Shein's Years of Explosive Growth Are Over. What's Next? By Cathaleen Chen

The fast-fashion retailer has seen sales decline in six of the last seven months, as the novelty of its endless selection of trendy, ultra-cheap clothes wears off. READ MORE

BEAUTY Makeup Artist Brands Are Beauty's Best Bet By Rachel Strugatz As frothy beauty valuations come back down to earth, a group of artist-led lines are being primed for acquisition. READ MORE

FASHION WEEK Mugler & Alaïa: They're Alive! By Tim Blanks

Casey Cadwallader and Pieter Mulier prove that iconic design signatures can be rewritten for a new age. READ MORE

RETAIL Ssense Is the Latest Fashion Company to Reduce Headcount By Cathaleen Chen The Montreal-based e-commerce retailer laid off 138 employees last week, or 7 percent of its total workforce. READ MORE

What Estée Lauder and E.l.f. Can Tell Us About the Beauty Market READ MORE

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NEWS BRIEFS Tiffany Executives Tease Nike Collaboration on Instagram

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