Bernard Arnault, the French luxury tycoon, gathers his 5 kids monthly for a private work lunch and drills them on company strategy, report says

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LVMH CEO Bernard Arnault poses with five children and wife outside
From left: Alexandre, Frederic, and Jean Arnault, Helene Mercier, and Bernard, Delphine, and Antoine Arnault.

DENIS CHARLET/AFP via Getty Images

A $20 viral handbag that's an affordable take on the 'quiet luxury' trend was just named the hottest fashion item of 2023 so far

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$20 Uniqlo shoulder bag
Uniqlo's $20 shoulder bag.

Uniqlo.com

Rent the Runway is giving customers extra clothes for no extra charge and it's actually boosting business

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Blurred people walk past Rent the Runway store in New York City
The change to Rent the Runway's subscription service seems to be paying off.

Michael M. Santiago/Getty Images

Gen Z isn't letting the economy keep them from living their most luxurious lives. They're just buying stuff secondhand instead.

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Gen Z Shopping
A third of Gen Z shoppers are choosing secondhand items to afford higher-end brands, new report says.

DisobeyArt / Shutterstock

A new trailer for the much-hyped Barbie movie has sent shoppers searching online for fluffy mules and pink clothes, with 'Barbiecore' set to be a hot trend in 2023

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Margot Robbie as Barbie
Greta Gerwig's new Barbie movie, featuring Margot Robbie.

Warner Bros.

Netflix expands its product ambitions in a clothing collab that mashes up the Lacoste crocodile with 'Bridgerton,' 'Stranger Things,' and more

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Item from the Netflix-Lacoste collection inspired by
A sweatshirt from the Netflix-Lacoste collection inspired by "Bridgerton."

Netflix

Old Navy wants to solve a major bugbear of female shoppers by selling more dresses with pockets, as it looks for creative ways to boost sales

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Six models wear Old Navy dresses. They all have their hands in their pockets
Old Navy's new dresses.

Courtesy of Old Navy

Levi's says its AI-generated diverse models that caused huge backlash are not a substitute for action on diversity

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Levi's AI-generated diverse models
An AI-generated model used by Levi's.

Levi's

Nike CEO highlights direct-to-consumer strategy the day after the company's big Foot Locker announcement

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John Donahoe
Nike CEO John Donahoe touted the company's direct-to-consumer efforts ahead of its earnings call.

Nadine Rupp/Stringer/Getty Images

Foot Locker to close 400 mall stores as it shifts focus to niche shops for sneakerheads, kids, and higher-income shoppers

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A Foot Locker store in a mall
Foot Locker plans to close more than 400 stores.

Creative Touch Imaging Ltd./NurPhoto via Getty Images

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