NEW YORK, Dec 4 (Reuters) – Younger shoppers are helping to drive growth in some consumer products like Honest Co diapers and Kate Spade handbags despite higher prices from tariffs and other economic pressures, while artificial intelligence boosts efficiencies and margins, several CEOs said on Thursday.<\/p>\n
Speaking at the Reuters NEXT conference in New York, Warby Parker (WRBY.N), opens new tab<\/a> Co-CEO Neil Blumenthal said he expected the eyewear company to end 2025 more profitable than expected, while Tapestry (TPR.N), opens new tab<\/a> CEO Joanne Crevoiserat said the Coach handbag maker was seeing growth across all income segments and in China’s middle class.<\/p>\n Sign up here.<\/a><\/p>\n \u201cYoung consumers may be putting off life moments like getting married or buying a home, which they see as unachievable, but they are still participating,\u201d Crevoiserat said, adding that one of the company\u2019s Kate Spade bags is gaining traction with younger consumers.<\/p>\n The Honest Company (HNST.O), opens new tab<\/a> CEO Carla Vern\u00f3n said in light of the Trump administration’s tariff policies, it has a “tariff tacklers” team in place aimed at delivering growth without an extreme pricing strategy to help mitigate cost issues.<\/p>\n Shoppers buying Honest\u2019s premium-priced diapers, wipes and hair products have been swapping out to smaller sizes but not buying fewer units, Vernon said.<\/p>\n \u201cIt’s been a little bit of a moderated growth rate,\u201d Vernon said.<\/p>\n Consumer products companies have seen demand weaken as shoppers, particularly in the U.S., fear a downward turn in the economy.<\/p>\n Blumenthal said Warby Parker has been aggressively hiring for its U.S. stores, particularly eye doctors. The company\u2019s investment in artificial intelligence is allowing the doctors to spend more time with patients, rather than on administrative tasks, he said.<\/p>\n Tapestry is also preparing to hire employees native in artificial intelligence \u2013 what is known as Generation Alpha \u2013 as they enter the workforce, Crevoiserat said.<\/p>\n View the live broadcast of the World Stage here<\/a> and read full coverage here<\/a>.<\/p>\n (This story has been refiled to identify the company as Tapestry, not Coach, in paragraph 9)<\/p>\n Reporting by Vannessa O’Conell, Jessica DiNapoli, Susan Heavey and Savyata Mishra, Editing by Franklin Paul, Rod Nickel<\/p>\n Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n Purchase Licensing Rights<\/a><\/a><\/p>\n New York-based reporter covering U.S. consumer products and the companies that make them, and the role they play in the economy. Previously reported on corporate boards and distressed companies. Her work has included high-impact stories on CEO pay, Wall Street bubbles and retail bankruptcies.<\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK, Dec 4 (Reuters) – Younger shoppers are helping to drive growth in some consumer products like…\n","protected":false},"author":2,"featured_media":216041,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[82519,117243,117244,82793,2786,82703,82521,79,82500,53515,84110,82530,82528,82531,83113,82702,83115,83116,179,18,55396,82578,82520,82522,117245,117246,32356,45748,87211,87212,87215,106026,19,84365,17,3503,117247,83122,106027,82565,82524,82507,7073,82508,117241,82510,83002,84113,117242,102513,87206,106024,116437,117248,82512,2612,84115,83126,88146,33206,753,30150,83362,87203,96595,82707,83387,107,82518],"class_list":{"0":"post-216040","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-amers","9":"tag-apret","10":"tag-apret1","11":"tag-arti","12":"tag-asia","13":"tag-asxpac","14":"tag-blux","15":"tag-business","16":"tag-cmpny","17":"tag-cn","18":"tag-cycs","19":"tag-destocabsm","20":"tag-destoukbsm","21":"tag-destousbsm","22":"tag-dli","23":"tag-easia","24":"tag-eci","25":"tag-eco","26":"tag-economy","27":"tag-eire","28":"tag-emea","29":"tag-emrg","30":"tag-europ","31":"tag-ezc","32":"tag-fas","33":"tag-fash","34":"tag-fin","35":"tag-gen","36":"tag-heca","37":"tag-hlthse","38":"tag-hpas","39":"tag-hprd","40":"tag-ie","41":"tag-infl","42":"tag-ireland","43":"tag-job","44":"tag-lu","45":"tag-mce","46":"tag-medq","47":"tag-mtpix","48":"tag-namer","49":"tag-news1","50":"tag-optics","51":"tag-pol","52":"tag-psnret","53":"tag-publ","54":"tag-pxp","55":"tag-ret","56":"tag-rets","57":"tag-rhpiemployee-health","58":"tag-rhpihealthcare-providers","59":"tag-rhpimedtech","60":"tag-rsum","61":"tag-ruleslifestyle-fashion","62":"tag-sci","63":"tag-shop","64":"tag-shopal","65":"tag-soci","66":"tag-spcret","67":"tag-specs","68":"tag-tech","69":"tag-tmt","70":"tag-topicbusiness-tariffs","71":"tag-topicpharma-healthcare-business-health","72":"tag-topicpharma-healthcare-healthcare-innovation","73":"tag-trd","74":"tag-trf","75":"tag-us","76":"tag-weu"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/216040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=216040"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/216040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/216041"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=216040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=216040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=216040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}