The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Street level retail stores for K-Beauty chains have closed in “considerable numbers” as a result of the pandemic, according to report from Korea Bizwire.
Korea Fair Trade Commission data showed that Missha, a budget cosmetic brand, shut 164 street level stores (known as “road shops” in Korea) last year, along with 30 additional vendors between January and March of this year.
Innisfree, a beauty brand run by cosmetics giant AmorePacific, has also shuttered 264 stores since 2019 and Etude House, which had 275 stores in 2019, now only has 164 stores listed on its website.
Street level shops have particularly suffered due to a drop in pedestrian numbers and and the adaption of e-commerce.
People of Indian and Pakistani heritage are critical to the UAE’s fashion sector, leading billion-dollar retail empires, trading textiles and jewellery and stitching garments for Middle Eastern brands.
Influencer Irene Kim and V&A curator Rosalie Kim join Chanel executive Yana Peel to chart South Korea’s rise to global creative juggernaut.
BoF sits down with Zainab Abdulrazzaq, founder of 3oud.com and organiser of the Oud Fashion Talks, to discover the next steps for the event, designed to cement Kuwait’s place on the international fashion map.
The World Economic Forum in Davos, a retail convention in New York and menswear shows in Paris will command the industry’s attention. Plus, what else to watch for this week.