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6 Jun

The Recent $40 Billion Hole in Discretionary Spending

by Beauty Tips
Fashion, Featured
The economy might just have been saved by last week’s debt ceiling deal, however the tradeoffs to avert disaster are about to force a latest reckoning for student loan borrowers. Under the terms of the deal between President Joseph Biden and House Speaker Kevin McCarthy, the roughly 43 million Americans with student loans are going to have to start out making payments again in September. That might come as a splash of cold water for the already struggling fashion world after a three-and-a-half-year reprieve from repayments, which helped support the pandemic splurge on apparel and other goods.  Joseph Brusuelas, chief economist on the RMS consultancy, estimated that the repayments will over time amount to an almost $40 billion reduction in disposable income.  While the...
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9 Apr

Walmart Plans to Add $130 Billion in Sales Over

by Beauty Tips
Fashion, Featured
The sheer size of Walmart Stores Inc. long made it a force of nature in the buyer world.  And with revenues of $611 billion last yr, the scale remains to be very much there.  But now, fashion is front and center within the business, especially online, where the retailer has 200 million apparel stock keeping units out of greater than 400 million skus overall. Walmart has pivoted from a bread-and-butter bricks-and-mortar retailer in recent times to grow to be a more forward-leaning Amazon competitor trying to layer in rather a lot more tech savvy.  The corporate’s investor meeting in Tampa, Florida, on Wednesday made it clear just how far the corporate has come — and just how far it plans to go, adding more...
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5 Oct

Dove Report Says Beauty Standards Cost Economy $501 Billion

by Beautifaire101
Beauty, Featured
A recent report from Dove has quantified beauty ideals’ weight on the economy, to the tune of $806 billion. In line with the report, released Tuesday, appearance-based discrimination (an umbrella term for skin shade and body size) cost the U.S. $501 billion in 2019, and body dissatisfaction set the economy back $305 billion in the course of the same time period. They each affect a respective 66 million and 45 million individuals. Dove relied on S. Bryn Austin, a researcher on the Harvard Chan School of Public Health and Boston Children’s Hospital, in addition to a team of economists from Deloitte Access Economics. The report detailed a $501 billion cost to the economy as a direct results of appearance-based discrimination, $269 billion of...
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