Blog

The retail industry is undergoing a massive transformation. Major chains like Forever 21 have filed for bankruptcy (again), Joann Fabrics is on the chopping block, and Hudson’s Bay is shutting down all stores in Canada. With these retail giants struggling, the question arises—what does this mean for independent brands and the future of brick-and-mortar retail? Why Are Big Retailers Struggling? The decline of department stores and major chains isn't a new story, but it’s acceler …

The Modernization of Cosmetics Regulation Act (MOCRA) was a landmark piece of legislation signed into law in 2022, giving the FDA expanded authority over cosmetic and fragrance safety for the first time in decades. Under MOCRA, brands are required to register their facilities, disclose ingredient lists, and ensure product safety before hitting the market. These measures were a major step toward greater transparency and consumer protection. With the recent inauguration of President Donald Tr …

The Dow, Nasdaq, and S&P 500 are all down, and the cost of living is soaring. When finances are tight, spending habits shift, but one surprising trend remains: people still indulge in small luxuries. This phenomenon, known as the Lipstick Effect, suggests that in uncertain times, consumers may cut back on big purchases but will still find comfort in affordable indulgences like beauty products. What Is the Lipstick Effect? Coined during the Great Depression, the Lipstick Effect describes how …