Daily Links

1. How Qatar props up the world of global luxury: From Harrods to Claridge’s and the fashion house Valentino, the Gulf state owns some of Europe’s most iconic brands. – Read More on the Telegraph

2. Shein will spend $15 million on ‘improving standards’ at factories after a report found labor violations: Shein says it will upgrade hundreds of its suppliers’ factories and increase audits and training. The e-commerce platform was valued at $100 billion earlier this year. – Read More on the Verge

3. ‘Tis The Season for Retail Tech to Shine: Self-service is only one part of the long-term shift towards the full digitalization of the retail store. By rethinking the entire shopping journey from browse to purchase, retailers are looking to integrate their online and offline channels at scale, something that’s historically been difficult to achieve in practice. – Read More on Forbes

4. Guns N’ Roses Sues Online Gun Shop for Trademark Infringement: Guns N’ Roses filed a lawsuit on Friday against an online artillery shop for infringement of the Guns N’ Roses trademark and claims the shop’s name, Texas Guns and Roses, associates the band with the store. – Read More on Gizmodo

5. What does the promotional climate mean for off-pricers and resale? “What we’re seeing is a combination of demand pullback at a time when retail inventories are overflowing with apparel, and this is resulting in significant price compression in the apparel market.” – Read More on RetailWire

1. Fashion in the Metaverse: What Avatars Are Wearing. “Interoperability will be great as soon as we have it, but we’re not there yet; as of now we need to prepare outfits for different environments.” – Read More on the WSJ

2. Russian e-commerce giant Ozon woos Chinese cross-border sellers to fill gap left by exodus of Western brands: The Western exodus has opened the door to Chinese vendors. Smartphone makers have been quick to fill the gap left by Apple and Samsung and Chinese brands made up two thirds of Russia’s new handset sales between April and June with market share increasing each month. – Read More on SCMP

3. To Some Fragrance Brands, Sustainability Is the Top Note: Artisanal companies are putting environmentally sensitive production, practices and packaging at the center of their business models. “When you’re a huge company, retrofitting sustainability into it is often hard.” – Read More on the New York Times

4. TikTok users protest Balenciaga’s holiday campaign by destroying bags and shoes: On TikTok, creators who were formerly loyal to Balenciaga posted videos admonishing it. Some took it further and recorded themselves destroying thousands of dollars’ worth of Balenciaga products. – Read More on NBC

5. Ulta has been a very modern retailer with a very modern retail strategy. “In apparel, we have a drop model. And that was basically new collaborations coming in to create hype and momentum with the consumer. So beauty started doing a lot of that. And Ulta started catching on quite some time ago.” – Read More on Yahoo

6. Shein Confusion: The Fast-Fashion Giant’s New Resale Site Doesn’t Make Buying Easy. Launched this fall as part of a push to counter criticism about Shein’s environmental record, the resale marketplace had plenty of wind at its back. – Read More on the Information

1. A Better Way to Match Supply and Demand in the Retail Supply Chain: One contributing factor is suppliers’ conventional practice of relying on orders from its immediate customer in the supply chain and not forecasts of end-customer demand to plan production. – Read More on HBR

2. Solid Holiday Sales Pave Way for Supply-Chain Recovery in 2023, DHL Says: Peak season for shopping in North America is shaping up to be pretty solid so far, especially given the Scrooge-like effects that inflation can have on consumer behavior. – Read More on Bloomberg

3. Exor has 6.5 bln euro firepower, no talks with Armani: Elkann said the company would invest around 5 billion euros in new companies it wants to buy, potentially a large one and three to five smaller ones, with a focus mainly on healthcare, luxury and technology. – Read More on Reuters

4. Fashion growth outweighs sustainability bids: Growth in the fashion industry is outweighing attempts by brands and retailers to reduce their environmental impacts, according to a new report from the WRAP charity’s Textiles 2030 initiative. – Read More on Ecotextile

5. Indigenous creators use fashion event to critique big brands: Millions of Indigenous peoples try to make a living and maintain their heritage by selling crafts and weaving designs but rarely see the profits, according to a recent report from the UN’s Permanent Forum on Indigenous Issues. – Read More on Axios

1. Metaverse fashion show held in Korea: The Ministry on Trade, Industry and Energy expects the digital fashion for metaverse, or so-called meta fashion, to be the next big thing for the textile industry. – Read More on Korea Joongang

2. NFTs, on the Decline Elsewhere, Are Embraced by Some Museums: ICA Miami owns a few, and M.F.A. Boston and others are selling them to reach new audiences “in a world where Instagram and Siri are prevalent.” – Read More on the New York Times

3. $10M bust of luxury knock-offs in Lower Manhattan: Police said they filled three trucks with thousands of items that were fake Louis Vuitton, Burberry, Gucci, Balenciaga, Prada, Dior, Rolex, and Yves Saint Laurent.  Among the seized items were purses, backpacks, shoes, sunglasses, and watches. – Read More on Fox5

4. How Much More Would Holiday Shoppers Pay to Wear Something Rare? “Too much of a thing and it becomes a commodity, too little of a thing and it becomes something that’s not even recognized when you walk down the street.” – Read More on HBS

5. H&M to Lay Off 1,500 Staff to Stem Rising Costs: H&M, like other retailers, is grappling with a period of uncertain consumer demand in many big markets at a time when its profit margin is coming under pressure from higher raw-material and freight costs. – Read More on the WSJ

1. Rolling Stones end deal with fast-fashion giant over sweatshop criticisms: The Rolling Stones have reportedly terminated their deal with fast fashion company Shein after the band was made aware of alleged labor abuse by the company. – Read More on the Washington Times

2. Chinese Startups Try to Make It Big in the U.S.—but Without the Backlash:  Some are also renaming themselves and dropping references to their China roots, or developing separate products for the Chinese and international markets to underscore a separation of data or product management. – Read More on the WSJ

3. Putting Chips in Hoodies and Clogs to Unlock Value for Buyers and Sellers: The fledgling LNQ brand includes a hoodie, sweater and clogs embedded with chip technology, which could also be used to open up new digital services. – Read More on Bloomberg

4. The cost of Shein’s fast fashion disruption: Zara and H&M offer about 25,000 or 20,000 different styles of products to market in a year. Shein can launch as many as 1.3 million. – Read More on Al Jazeera

5. Prada turns to ex-Luxottica CEO Guerra to ease succession: After overseeing a successful turnaround since 2017 to reverse a slide in sales, Prada CEO Patrizio Bertelli, 76, said a year ago he planned to hand over the reins of the group he leads with wife Miuccia to their 34-year-old son Lorenzo. – Read More on Reuters