1. These celebrities know how to sell being a mom: Millennial moms have a U.S. spending power of $2.4 trillion, and they control 85 percent of household purchases. – Read More on the Daily Beast
2. Balenciaga’s designer explains: the brand’s $2,000 “Ikea” bag – “We changed the logo and we made it beautifully out of leather and that’s why it costs so much money” – and its hugely popular “ugly” sneakers, “It was really absolutely a proportional exercise of footwear, and not any kind of a gimmicky play with what was ugly or not ugly in shoe design. I’m not part of this ugly fashion,” he added. “I never liked ugly stuff really.” – Read More on Quartzy
3. Yes, retailers are colluding to inflate prices online: Revenue management pricing systems have allowed online retailers to use market data to predict demand and set prices accordingly to maximize profit. These revenue management systems have led to the term “dynamic pricing.” This refers to online providers’ ability to instantly alter the price of goods or services in response to the slightest shifts in supply and demand, whether it’s an unpopular product in a full warehouse or an Uber ride during a late-night surge. – Read More on Fast Co.
4. Shayne Oliver’s label Hood By Air is returning: After going on hiatus back in 2017, the NYC-based label is returning later this year. “I want to remove the brand from the conversation of just fashion in general, and allow it to exist outside of the fashion system, so people can really see I am not trying to prove anything or create a vocabulary for the fashion world.” – Read More on SSENSE
5. Target is inviting retailers to its website — taking a different approach than Walmart and Amazon to grow online: Mizuno sneakers and some other brands may soon be using Target.com to sell their products directly to you. – Read More on CNBC