6/3/2025 | From surging cyberattacks and political tariffs to creative shakeups and cultural fashion moments, the fashion industry is at a pivotal crossroads. Here’s a breakdown of this week’s most impactful developments shaping the landscape, from boardrooms to runways.
Cyberattacks Surge as Fashion Retailers Scramble to Protect Data
A wave of cyberattacks is hitting major fashion retailers, with Victoria’s Secret, Dior, Marks & Spencer, and Harrods among recent victims. Victoria’s Secret suffered a website shutdown on May 28, costing millions in sales and prompting a stock drop. These incidents underscore a growing threat: cybersecurity consultancy S-RM reports a 96% year-over-year rise in attacks in 2024. Hackers exploit outdated systems and human error, while many retailers still underinvest in cyber protections. Experts urge stronger security protocols, better employee training, and clear customer communication to limit damage and restore trust.
Trump Doubles Tariffs on Steel Imports to 50%
President Donald Trump announced he will raise tariffs on steel imports from 25% to 50%, effective June 4, to further protect the U.S. steel industry. Speaking at a U.S. Steel facility in Pennsylvania, Trump argued the hike will strengthen domestic production and prevent foreign competition from undercutting American manufacturers.
While Trump claimed previous tariffs saved U.S. steel jobs, critics warn the move could raise construction and manufacturing costs. The EU and UK responded with concern, signaling potential retaliatory measures. Trump also reversed his stance on the Nippon Steel–US Steel deal, approving it after securing conditions he said would protect American workers.
Coach’s Tabby Bag Signas Rise of Affordable Luxury Amid Industry Slowdown
As ultra-luxury and fast fashion brands struggle, mid-tier labels like Coach are thriving. Coach’s $495 Tabby bag , a viral success , exemplifies how consumers are shifting toward affordable, high-quality alternatives in a tough economy. Brands like Tapestry, Ralph Lauren, and Hugo Boss are outperforming expectations, while giants like LVMH, Gucci, and Chanel report slowing sales. Rising skepticism over luxury price tags and the impact of tariffs and inflation are driving shoppers to seek better value, giving “masstige” brands new momentum.
Jonathan Anderson Named Creative Director of Dior
Jonathan Anderson has been appointed creative director of Dior, marking a historic move as he becomes the first designer since Christian Dior to oversee all men’s, women’s, and couture collections. Known for his innovative work at Loewe and JW Anderson, Anderson is expected to bring a bold, modern edge to the storied house. The announcement comes amid a wave of leadership changes in luxury fashion. His first collection for Dior will debut at Paris Men’s Fashion Week on June 27.
What to Expect from the Fashion in And Just Like That… Season 3
The third season of And Just Like That… premiered on May 29, 2025, and continues to captivate audiences with bold and eclectic fashion choices. The show’s costume designers, Molly Rogers and Danny Santiago, have curated a wardrobe that blends vintage charm with contemporary flair, reflecting the characters’ evolving narratives.
- Carrie: Maximalist looks, oversized hats, vintage gems, and sheer designer dresses.
- Seema: Luxe confidence, velvet suits and global vintage pieces.
- Lisa Todd Wexley: Bold, vibrant colors and dramatic accessories.
- Miranda: Tailored, menswear-inspired styles in rich tones.
- Charlotte: Classic elegance with nostalgic throwbacks.
From digital dangers to design innovation, fashion continues to be a reflection of the times—adapting, reacting, and redefining its role in culture and commerce. As the industry navigates complexity and change, one thing is clear: the story of fashion is far from over.