The ways rising oil prices will affect fashion businesses and consumers are manifold. Experts told Glossy that brands will likely see increased operational costs on international shipping and the production of plastic or plastic-derived products and components. In addition, there's set to be a damper on consumer spending as shoppers devote more of their paychecks to energy costs.
This week, I checked in on the battle between Walmart and Target for beauty consumers. Additionally, Glossier is expanding the You perfume franchise, and Victoria Beckham reports double-digit growth in annual sales.