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Must Read: Sephora and Ulta Are Going Neck-and-Neck in Beauty Retail Space, Are Sneakers the New Designer Handbags?

Plus, Raf Simons returns to Paris to show his Spring 2019 men's collection.
Inside a Sephora store. Photo: Charley Gallay/Getty Images for Sephora

Inside a Sephora store. Photo: Charley Gallay/Getty Images for Sephora

These are the stories making headlines in fashion on Friday.

Sephora and Ulta are going neck-and-neck in beauty retail space
For many years, Sephora was known as the more prestigious seller of beauty products, while Ulta was viewed as a more budget-conscious alternative. But as high-end Sephora expands its more affordable product offerings and as low-end Ulta welcomes a new wave of luxury brands, the two biggest beauty retailers are increasingly going head-to-head. {Business of Fashion

Are sneakers the new designer handbags?
Earlier this week, Balenciaga's CEO Cedric Charbit revealed that Demna Gvasalia's streetwear-heavy label is now the fastest-growing brand within the Kering group. Its increasing sales are largely the result of men, millennials and its ability to create a sneaker that speaks as loudly as a Chanel handbag – the ultimate symbol of status. Does this mean sneakers are the new designer handbags? {i-D

Raf Simons returns to Paris to show Spring 2019 men's collection
Raf Simons, now a regular on the New York men's schedule, is returning to Paris to stage his Spring 2019 collection on Wednesday, June 20 at 9:30 p.m. This announcement follows Thursday's news of Gucci moving to Paris for just one season only this September. {Fashionista inbox} 

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Villageluxe raises $2 million in seed funding
Villageluxe, the invite-only luxury rental site launched in 2015, has secured $2 million in seed funding. The new funds will be used to invest in new technologies to grow and scale the platform internationally. {Business of Fashion

Victoria's Secret to grow loungewear collection to woo younger consumers 
Victoria's Secret may currently boast a rooster of top models, but its shares and sales aren't quite as inspired. The lingerie giant is still selling decorative undergarments when new brands are cropping up with a "no-frills" approach that has appealed to the rising generation of shoppers who prefer comfort and functionality. So, in an effort to attract younger women and regain former customers, the company plans to grow its loungewear, sleepwear and sportswear collections. {CNBC

The history of the Nike Swoosh 
Highsnobiety's recurring video series "Behind the Logo" explores the history, design and evolution of the biggest logos in the industry, and the iconic Nike Swoosh is the subject of its latest episode. The three-minute clip delves into the Swoosh's creation and how it become the instantly recognizable logo it is today. {Highsnobiety

Target wants to cash in on the streetwear trend with new private label 
On Thursday, Target announced the launch of "Original Use," a low-cost, streetwear-inspired men's line, which will be available this summer and will join the retailer's growing portfolio of private labels. This new men's range will help Target cash in on the ever-expanding streetwear and sneaker market by making the trend more accessible with an affordable price point. {Glossy

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