Must Read: Amazon Prime Day Breaks Company Records, Young Indians Are Fueling a Cosmetics Boom

Plus, Uniqlo's parent company experiences major profit gains.
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These are the stories making headlines in fashion on Thursday.

Amazon Prime Day sales break company records 
Another day, another Amazon takeover. Amazon's third annual Prime Day sales event, held earlier this week, was met with tremendous success as those in dire need of Brita filters, sofa cushions and a life-time supply of paper towels stocked up on the essentials (and no doubt some not-so-essential items) at discounted prices. Sales surpassed traditional retail blowouts like Black Friday and Cyber Monday, making it the biggest event for the e-commerce giant. {Business of Fashion}

Young Indians are fueling a cosmetics boom
The young, internet-savvy population in India has taken a serious liking to all the masking, Kim K contouring and sulfate-free shampoos that the booming beauty industry has to offer. A new study conducted by RedSeer Consulting predicts that India's market for hair products, skin creams, deodorants and colored cosmetics will nearly triple from $6.5 billion today to $20 billion in 2025. This growth will make India one of the world's top five markets for cosmetics, with a compounded annual growth rate of 25 percent. {Quartz}

Uniqlo's parent company saw a 69.1 percent increase in profits over nine months
As consumers continue to flock to Uniqlo for an effortlessly chic office ensemble, the store's parent company, Fast Retailing, has just announced that its nine-month net profit has gone up by 69.1 percent. The increase in profit is due to higher sales as well as a foreign exchange gain of 13.3 billion yen, or $120.8 million. {WWD}

A.P.C. is releasing a capsule collection to commemorate its 30th anniversary
To celebrate 30 years of well-tailored wardrobe staples, A.P.C. is releasing a capsule collection called HIVER '87. The collection will consist of re-issued archive pieces and new designs with archive logos and imagery. Each piece will take you through the brand's no-fuss, embellishment-free history of Parisian cool. It will be available in-stores and online beginning today. {Fashionista Inbox}

Why are so many fashion designers leaving NYC for Paris?
In an op-ed piece for WWD, Bridget Foley explores the underlying reasons behind the NYFW's headliners' decision to move their Spring 2018's presentations to Paris. Following recent statements by, Altuzarra and Thom Browne, Foley said these top brands have chosen to relocate their runways "to escape the scheduling suffocation and increasingly contemporary-skewed fashion of the New York calendar while basking in the reflected glory of what remains the fashion capital of the world." {Business of Fashion}

Chinese customers are the biggest driver of luxury growth, but there may be bad news coming for European luxury brands
With Chinese nationals driving 70 to 80 percent of the recent rebound in luxury growth, they now dictate trends and tastes. Chinese shoppers favor newness and innovation — luxury brands like Gucci and Louis Vuitton understand this consumer need for novelty and have thus enjoyed tremendous success across China, with growth spikes well above 50 percent in many markets. However, brands such as Tod's, Salvatore Ferragamo, Burberry, Hugo Boss and Prada have failed to respond to this newness imperative and are now falling behind. {Business of Fashion}

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