Daily Links

1. H&M Returns to Alibaba’s E-Commerce Platform After 16-Month Absence: In March last year, H&M was wiped off the country’s leading e-commerce, ride-hailing, daily-deals and map applications and sites as the Xinjiang decision sparked a backlash among consumers. – Read More on MarketWatch

2. Watches of Switzerland more cautious after strong first quarter: The Rolex retailer, which has long waiting lists for timepieces in short supply, confirmed it expects revenue in a range between 1.45 billion pounds ($1.8 billion) and 1.50 billion for its financial year through April 2023. – Read More on Reuters

3. A relaunched biofuel startup has invented a way to recycle polyester-cotton blends into new threads: It’s become cheaper to recycle and reuse polyester and cotton. But textiles made by combining the two materials—poly-cotton blends—continue to vex the process. – Read More on Fortune

4. RELATED READ: Fashion’s Buzzy Tech Initiatives, Alone, Won’t Solve its Sustainability Issues. Beyond the relatively small impact of companies’ sustainability initiatives compared to the might of the marketing that surrounds them, a more fundamental issue exists. – Read More on TFL

5. Consumers angered by luxury fashion platforms’ return policies: According to the Korea Consumer Agency, 655 complaints were reported about luxury fashion firms last year, up 101.5 percent year-on-year. In 2019, 171 cases were reported, followed by 352 cases in 2020. – Read More on Korea Times

6. We’re Erasing a Big Chunk of the Retail Shock From the Spring: This past spring was when the market really first started to worry about inventories piling up at US retailers, with ports and trucks and warehouses all getting distended on unwanted goods. – Read More on Bloomberg

1. It’s Time For Fashion to Talk More About Regenerative Agriculture: “Transparency for the apparel industry is hard because a lot of information can be proprietary. Some companies are really trying, putting up their factory list [where they produce their garments]. That also means their competitors know where to make the really good stuff.” – Read More on Modern Farmer

2. Digging Deep into E-Commerce with Pinterest: Pinterest plans to dig even deeper into the space with new product rollouts and tools to better identify trends and ads to monetize idea pins. – Read More on AdWeek

3. Clothing subscriptions like Stitch Fix were once hot – but now might be the victims of “box fatigue.” Stitch Fix’s struggles to turn a profit during the Covid-19 pandemic underscore how difficult it can be to run a subscription-based business, especially when consumers’ tastes are a moving target. – Read More on CNBC

4. Amazon treads carefully with M&A strategy amid growth, regulatory pressures: “They’re able to do acquisitions in areas where they can claim small market share,” said Loup Ventures managing partner Gene Munster. – Read More on S&P Global

5. For a Luxury Fashion Bargain, Buy Secondhand With RealReal: Since its IPO in 2019, The RealReal’s stock is down around 90%. The business is expensive to run and has never made a profit. – Read More on the WSJ

1. Europe’s largest online fashion retailer bets sales slump is just a blip: Europe’s largest online fashion retailer Zalando is betting the current slump in internet shopping is just a blip and it can avoid the kind of mass job cuts being undertaken by rivals, per co-CEO and founder Robert Gentz. – Read More on the FT

2. The Chinese province of Hainan set a 9% GDP target — but then it locked down: It’s “going to be bad for luxury brands and hospitality at least until Chinese New Year next year,” he said, referring to the Lunar New Year holiday in late January 2023. – Read More on CNBC

3. What the Metaverse Will Mean: McKinsey & Company estimates that during the first five months of the year, global investment in the metaverse hit $120 billion—double the amount invested in all of 2021. – Read More on the WSJ

4. Richemont’s governance armour is hard to pierce: Rupert’s voting power means Bluebell’s proposed governance changes risk floundering, although the fund may seek to come up with some fresh legal arguments. – Read More on Reuters

5. People are spending lots of money on makeup and beauty, and retailers are cashing in: Often seen as an affordable luxury, the beauty category has become a rare bright spot as people pull back on spending amid surging inflation. – Read More on CNBC

1. Would Chinese Shoppers Buy A ‘Made In China’ Luxury Bag? “The simple logic of their knowing Asian sizing and tastes better than any European brand along with repeated cultural misappropriations by western brands has led to a gradual acceptance of homegrown products.” – Read More on Jing 

2. Ferragamo partners with Farfetch to grow online, reach younger shoppers: Ferragamo has struggled in recent years to rejuvenate its image and appeal to younger luxury shoppers. In its latest turnaround attempt, Ferragamo hired former Burberry CEO Marco Gobbetti in January. – Read More on Reuters

3. Duty-Free Sales: France’s Lagardère Travel Retail saw its half-year sales to June double to €1.69 billion ($1.73 billion) driven by surges in France and EMEA (excluding France) of 120% and 148% respectively. – Read More on Forbes

4. July could be ‘lull before the storm’ for retailers and consumers: Spending on clothing and other non-essentials has held up so far this year as the warm weather and the opportunity to enjoy long-delayed overseas holidays and big family events, especially weddings, has been underpinned by savings made by many during the pandemic lockdowns. – Read More on the Guardian

5. ONDC can revolutionize the global e-commerce and digital brands: The Indian e-commerce sector is slated to grow to $350 billion by 2030. And it is set to get a massive boost once ONDC kicks and more brands would feel empowered to sell their products across platforms. – Read More on Times of India

1. How Retail Leaders Shift from Response-Mode to Mission-Mode:  It’s not enough to just focus on running a retail business anymore. Leaders have to make educated predictions about a range of issues that go a beyond their traditional remit — from foreign affairs to environmental factors to public policy and social issues. – Read More on Forbes

2. Deflation comes for e-commerce: Online prices falling: Online prices declined by 1% in July, compared with a year earlier. It marks the first price decline in the index in 25 months — and it’s the fifth straight month in which the index has fallen. – Read More on Axios

3. House of Zana boutique owner wins trademark row with Zara: Zara had argued there was a “high degree of visual and oral similarities” between the two brands. But the UK trademark body found the link was “too insubstantial.” – Read More on the BBC

4. Richemont chairman says he won’t give in to activist shareholder: Johann Rupert won’t give in to activist shareholder Bluebell Capital Partners’ campaign to overhaul the boardroom structure at the world’s second biggest luxury group. – Read More on Reuters

5. Farfetch Limited, DoorDash, and The Beauty Health Company are on the up: Consumer luxuries have been under pressure, as U.S. consumers have been navigating 40-year-high inflation coming out of the pandemic. These stocks also doubly suffered based on recent fears the Fed would have to force the economy into a nasty recession in order to slay rising prices for good. – Read More on Motley Fool