Daily Links

1. Despite the pandemic, luxury sales have been strong this year. But the big names in fashion shouldn’t let their guards down: Queues to get into Louis Vuitton stores have been snaking around the block. Waiting lists for brightly colored Rolex watches are long. Gucci sandals and Prada bucket hats are among this season’s most wanted items. – Read More on Bloomberg

2. Retailers rethink appointments as an easy bridge that can boost omnichannel sales: One retailer revealed that appointments saved their employees roughly 1,700 hours over a year because they were able to devote time to the best customers and best prospects instead of consumers who have a low chance of conversion. – Read More on PYMNTS

3. RELATED READ: Hermès Saw Surging Porcelain Sales, Increased Consumer Interest in Sustainability Amid COVID.  “Now that we have started to open to the public, many of the clients still want to have an appointment and have that one-on-one time.” So, Hermès is planning to continue to accommodate clients in this way and offer appointments even after all COVID restrictions have been lifted. – Read More on TFL

4. Is the Birkin the only product that Hermès really needs? The iconic bag helped the brand outperform LVMH and Kering in early 2021 … but now it’s getting into cosmetics with Hermès Beauty. At the 2019 shareholders meeting, Axel Dumas, CEO of Hermès Group, stated that their goal is to become a comprehensive global luxury goods group, so the balanced development of various departments must surely be pleasing. – Read More on SCMP

5. Luxury goods spending spree: Why fashion firms are enjoying solid sales growth and high demand. Bernstein analyst Luca Solca reckons what was a ‘perfect storm’ for retailers last year has calmed down, and there is now “perfect sunshine for luxury goods spend.” People want to get back to more normal life, some customers have saved plenty of money during the pandemic, and many governments are pouring money into economies supporting workers. – Read More on Yahoo

6. Sustainability-linked loan supply outpaces green bonds and loans amid US surge: Global issuance of sustainability-linked loans has far surpassed that of green loans and bonds as companies in the U.S., including those in the fashion industry, rapidly embrace the instrument as an alternative to traditional environmental, social and governance debt. – Read More on S&P Global

1. As shoppers increasingly head out of their homes, e-commerce sales could slow” “There’s probably several reasons for the change in trend, including the reopening of stores and a shift to leisure activities and travel (i.e. there’s less need to order online when on vacation).” – Read More on MarketWatch

2. Chanel suit finds new fans in Gen Z channeling 90s nostalgia: This month Olivia Rodrigo, the 18-year-old singer of hits including Driver’s Licence and Good 4 U, chose a pink and black vintage version for a visit to the White House to meet the US president, Joe Biden. Global fashion search platform Lyst said that following the appearance, searches for vintage Chanel rose by 200%. – Read More on the Guardian

3. Guess sources more from India, Bangladesh to avoid tariff risks in China: Suppliers from Bangladesh and India made up a larger share of the apparel company’s purchases in fiscal year 2021, at about 23.5% and 18%, respectively. In fiscal year 2020, both were at less than 15%. – Read More on Supply Chain Dive

4. What we can learn from Germany’s approach to ecommerce innovation: One only has to look at the phenomenal rise of Vinted, the used fashion app, to realize how important mobile commerce is to German shoppers. The app achieved more than double the downloads of two of its most prominent competitors, Amazon and eBay, in 2020. – Read More on Retail Insight Network

5. RELATED READ: Vinted Raises $303 Million, Valuing the Resale Platform at $4.3 Billion. The company is “contributing to a seismic shift in the fashion market, enabling more sustainable, socially-responsible shopping habits,” noting that second-hand fashion is a “rapidly” growing part of the larger apparel market, which is expected to reach $2.2 trillion by 2025. – Read More on TFL

1. Gwyneth Paltrow’s ’90s Style Is Back. That’s Good for Goop: G. Label perpetuates that aesthetic, and for the most part it appears to be working. While the Goop website sells many other established fashion brands, clothing from G.Label drove 45% of its fashion business year to date, up 25% from the same period last year. – Read More on the WSJ

2. Armani bounces back from pandemic as sales rise 34% in first half: “The goal is to return to pre-pandemic levels by 2022, with over 2 billion euros in direct consolidated revenues,” Chairman and CEO Giorgio Armani said on Sunday in a statement announcing 2020 results and the trend for January-June. – Read More on Reuters

3. The Olympics may be mired in controversy, but for U.S. advertisers, it’s business as usual. Dick’s Sporting Goods may have found the right balance with the opening ceremony spot that features a few Olympic nods, but it was created to have relevance beyond the Games, with a print ad running in the September issue of Vogue. – Read More on Fast Co.

4. Gen Z’s ‘nowstalgia’ for Y2K fashion is leading to a thrifting explosion: Iconic fashion trends of the early 2000s like bucket hats, low-rise jeans, and babydoll T-shirts are all having a resurgence among younger consumers. This vintage renaissance has also led to an explosion in thrifting among Gen Z, and a rise in sites that sell thrifted clothing like Depop and Poshmark. – Read More on NBC

5. Luxury products boom leads Koreans to luxury company stocks: “The luxury goods market is expected to increase further until at least next year,” said Yu Jung-hyun, an analyst at Daishin Securities.  The size of global luxury market, which stood at about 1 trillion euros last year, is likely to reach 1.3 trillion euros in 2022. – Read More on Korea JoongAng Daily

1. Is fast fashion catching up to real time? Shein is the fastest-growing e-commerce company in the world, and the company relies on a model called real-time fashion, which cuts the time from design to production to as little as a few days. – Read More on Marketplace

2. Fashion for Crocs continues to break records: On Thursday, the chunky shoe-maker reported record sales of $640 million in the three months to 30 June, nearly double the same period last year. And the trend shows no sign of slowing down – the firm raised its revenue outlook for the rest of the year. – Read More on the BBC

3. Secondhand luxury goods catch fancy of Chinese customers: “At present, the annual turnover of China’s secondhand luxury market is estimated to be about 30 billion yuan ($4.6 billion), accounting for 1 percent of total market cap. Therefore, the market development is still in its initial stage.” – Read More on CGTN

4. Retailers Embrace Post-Pandemic Beauty Trend, But Cosmetics Have Gone D2C: “As the pandemic begins to subside, we see consumers being more thoughtful and selective in their purchases while doing their own research on the beauty products, brands and people behind the brands.” – Read More on PYMNTS

5. The Post-COVID Future of the Apparel Industry: “After lots of reporting on COVID’s short-term impacts, we were determined to take a longer view. Using two decades of data, we found few changes in direction in apparel supply chain labor practices but big accelerations along the curves the industry has been following for years – supplier consolidation, market concentration, a mania for ever-lower wages, and so on.” – Read More on Cornell ILR

6. For the Luxury Crowd, SPACs and Suits Are So This Season: LVMH and Zegna are striking deals to reposition themselves for a post-pandemic world. They offer a window into the changing business of bling. – Read More on Bloomberg

1. Puma settles artist’s trademark claims over alleged ‘Roar’ logo rip-off: Brooklyn-based artist Christophe Roberts has settled his claims that German athletic apparel maker Puma stole his “Roar” calling card and used the design – a stylized set of teeth – on its clothing, according to a Tuesday filing in Manhattan federal court. – Read More on Reuters

2. China’s Vast Network of Gray-Market Shoppers Grounded by the Pandemic: Some foreign companies grew rapidly by selling to personal shoppers and letting them handle the delivery back to China. In doing so, they didn’t have to invest in building local retail operations of their own, and could also avoid requirements to comply with Chinese labeling and packaging laws. – Read More on Bloomberg

3. RELATED READ: What Do China’s Enduring Border Restrictions Mean for Luxury Goods Sales and the Daigou Trade? Brands have been left to balance the draw of boosted revenues (particularly amid striking COVID sales slumps) with the need to crack down on out-of-channel consumption behaviors for the sake of brand image maintenance, an ongoing issue when it comes to luxury goods purveyors and the grey market in general. – Read More on TFL

4. Victoria’s Secret sees opportunities in maternity merchandise and fashion show revival: The brand, which will be its own company, Victoria’s Secret & Co., with its own ticker, “VSCO,” starting on Aug. 3, is undergoing a dramatic transformation as it moves away from an image that it admits had become out of touch with consumers. – Read More on MarketWatch

5. Name, image and likeness marketplace platforms offer money-making opportunities for lesser-known college athletes: While some higher-profile athletes with greater earning potential are expected to hire marketing agents to help secure deals and build their personal brands, many who lack that star power are expected to take a do-it-yourself approach to their newfound economic opportunities. – Read More on Morning Consult