LMC Attended MAGIC in Las Vegas

LMC attended the recent MAGIC Event in Las Vegas, which took place February 13th to 15th. This event is known for showcasing a wide spectrum of brands across sportswear, apparel, footwear, and accessories. This engagement highlights our commitment to supporting our clients as they exhibited at the event. The event serves as a platform for gaining insights into the evolving trends that are shaping the consumer apparel and product landscape for brands and retailers.

Here are a couple of the industry trends highlighted at MAGIC:

• Technology Trends Driving E-commerce Success: Revenue growth via live selling, enhances operational efficiency with AI and supply chain solutions, and fosters sustainable growth by deepening audience engagement through current sales marketing trends that directly lead to growth
• Taylor Swift’s Community Influence: Taylor Swift’s branding strategies—immersive storytelling, community building, and nostalgia—shows the need to embrace Google’s new Perspectives feature for validation and enhanced social SEO, alongside leveraging brand storytelling and community building through influencers, which can help navigate the challenges of global competition and shape the future direction of the industry
• Embracing Sustainable Fashion: The importance of getting ahead of current sustainability regulations and preparing for future reporting requirements by understanding the environmental impact of your designs, measuring it, and reducing it, while adopting a proactive, data-informed approach to impactful sourcing and designing

By engaging with clients, industry peers and potential partners during the show, LMC aims to foster a culture of innovation and collaboration within the consumer products accounting space. Our goal is to empower our clients to excel and adapt financially in a rapidly changing marketplace, ensuring they are well-equipped to navigate the complexities of the consumer products industry with confidence and strategic foresight.

For more information on LMC’s service offerings in Consumer Products: Manufacturing, Importing, and Distribution, contact Ephraim Fishman, CPA at efishman@lmcas.com or Thomas Procida, CPA at tprocida@lmcas.com.