research

FIT’s Beauty Think Tank Presents Future of Luxury

Lasting memories, "centers of creation" flagship stores, and like-minded cities will drive future sales in the luxury sector, according to new research revealed by graduating students in the Fashion Institute of Technology's School of Graduate Studies Cosmetics and Fragrance Marketing and Management Master of Professional Studies program.

Father’s Day Spending to Reach $12.7 Billion

Father’s Day may not be the most lucrative consumer holiday of the year for retailers, but spending for dad is expected to reach $12.7 billion for golf lessons, home improvement tools, coffee mugs and more. And, according to the National Retail Federation’s 2015 Father’s Day Spending Survey conducted by Prosper Insights & Analytics, the average person will spend $115.57 on gifts, nearly even with last year’s $113.80. The survey found 75% of Americans said they plan to celebrate Father’s Day.

Seasonality Is the Latest Key Beauty Trend

Beauty retailers may want to focus their seasonal product highlights on more than just color. It turns out that rather than simply using the change of seasons as a reason to introduce color stories or scents, beauty manufacturers are increasingly introducing innovative products that offer defense against the cosmetic and emotional effects of specific weather conditions.