Bath & Body Works has lowered its sales and earnings outlook and blames the challenging economic factors. The firm’s shares fell as it reported that customers are trading down and becoming price-sensitive. The home fragrance and personal care brand is lowering its sales expected to be down 6% to 7% for the Q2 of 2022 from the same time around last year. Analysts at Raymond James shared that they are hoping the stock prices would go up.
Full story: CNBC
According to Statista, Fashion industry is projected to reach $1.37T by 2025. Fashion is a vast industry that comprises various segments such as Fast Fashion, Beauty, Luxury, Apparel, Footwear and more. Metaverse, Digitization, Gen Z, Sustainability, and Influencer Commerce are the new trends transforming the fashion industry. FashionGeniuses weekly newsletter covers disruptions and innovations across all of these exciting themes.
FashionGeniuses is managed by IndustryGeniuses (A place where industries meet innovation). We are rolling out content platforms for the world’s hottest industries such as Food & Grocery Retail, Fashion, Consumer Goods, and Healthcare. For each of these key industries, we support Tech Startups and Brands as they roll out next generation digital initiatives. MetaGeniuses is our flagship content platform for analysis and advice on Metaverse.
IndustryGeniuses team brings practical domain knowledge of working with 300+ tech startups and brands over the past decade