Daily Links

1. On Running co-CEOs look to expand in retail in “a long-term, durable way.” The Swiss-based athletic shoe and apparel maker, plans to maintain a steady pace on the road to expansion, including via resale efforts for its own products. – Read More on Yahoo 

2. Versace is the latest luxury brand to increase prices: “We think we have the right product. We think we have the right brand heat, and we know that many of our competitors are at substantially higher prices than us.” – Read More on Quartz

3. RELATED READ: Resale is Helping Capri’s Brands Boost Prices Without Consumer Pushback. “Interestingly enough, the resale market has created a comfort level with people in the luxury world that they can not only purchase and enjoy, but they can – they see value in the ability to be able to resell product,” Idol said. – Read More on TFL

4. Roblox’s metaverse future remains murky, Cowen says:  It’s too soon to determine whether Roblox is a winner in the metaverse, according to Cowen, which says that it’s overvalued for a distant metaverse future. – Read More on CNBC

5. Global venture capital investments fall more than half in August: The technology, media and telecommunications sector accounted for the largest share of the capital raised in August at 44.4%, followed by the healthcare and industrial sectors at 16.6% and 13.9%, respectively. – Read More on S&P Global

1. Ulta Beauty and Other Retail Stocks That Might Weather Inventory Woes: Many retailers over-ordered products to avoid the out-of-stock headaches that plagued shoppers during the pandemic. Yet spiking inflation led consumers to quickly readjust, particularly to the detriment of categories that had proven popular in recent years. – Read More on Barron’s

2. I’ve Never Been an Impulse Buyer—Until Now: Sometimes, rather than cutting back on big purchases during periods of high inflation, we actually end up spending more. – Read More on the WSJ

3. Macy’s predicts another early start to holiday season shopping: Pandemic-induced disruptions to supply chains prompted consumers to start their holiday shopping as early as Oct. in the last two years on fears that in-demand products would disappear from shelves by the traditional period around Thanksgiving in late Nov. – Read More on Reuters

4. Walmart, Costco Winning, Shopping Centers Losing as Retail Foot Traffic Trends Signal Austere Holiday Quarter: US apparel store visits lag pre-COVID days by 10%, or about 10 million fewer visits per week. – Read More on Forbes

5. Not everyone is raising prices: Sales forecasts strong as Apple skips US price hikes for new iPhone lineup. Analysts were widely expecting a price hike of at least $100 due to the inflationary climate and ongoing component shortages that are still impacting device manufacturers around the world. – Read More on S&P Global

1. How China’s fast-fashion app Shein beat Uniqlo’s market value: Shein’s unconventional approach has propelled the Chinese fast-fashion app to a market value far surpassing that of its closest competitors Uniqlo and Zara. – Read More on Nikkei

2. Luxury fashion houses are funneling millions into the metaverse. But to what end? From Balenciaga selling character skins on Fortnite to Ralph Lauren launching a digital clothing line on South Korean platform Zepeto, luxury brands have rushed into these new and hugely popular digital worlds. – Read More on CNN

3. Roblox fashion is transforming the metaverse fashion industry: Major retail corporations are finding that many people value their digital wardrobes just as much as their physical ones. As a result, fashion brands are jumping on the metaverse bandwagon by investing in Roblox and other virtual worlds. – Read More on PCG

4. Kourtney Kardashian offered a lesson in sustainability by experts after ‘greenwashing’ backlash against latest fast-fashion collection: Boohoo “does not provide any measurable commitment towards its sustainability practices for Kardashian’s collection or any of their collections.” – Read More on Fortune

5. Retail analyst: Consumers trading down ‘could be more prevalent’ in 2022. “We’ve been seeing tradedown in grocery for some time now. But in the past couple of months, as evidenced by what some of our companies said during the second quarter, they started to see more evidence of higher income consumers trading down to more value items.” – Read More on Yahoo

1. Kim Kardashian’s Newest Business Venture: Private Equity. Ms. Kardashian is teaming up with Jay Sammons, who ran consumer investing at Carlyle, to launch SKKY Partners, which will make investments in sectors including consumer products, hospitality, luxury, digital commerce and media as well as consumer-media and entertainment businesses. – Read More on the WSJ

2. Three Things You Need To Know: Emerging Markets—Localization To Boost Luxury Retailing. There are several smaller regions that, while dispersed, present significant potential for the global luxury goods market. While entering these markets requires varying strategies, they present compelling opportunities for luxury brands. – Read More on Core Research

3. Madison Avenue retail activity rising: Vacant storefronts dotted Madison Avenue from East 57th Street to East 72nd Street through last year, as the availability rate of 39 percent was the highest in Manhattan. – Read More on the Real Deal

4. Richemont’s activist victory has a catch: Richemont Chairman Johann Rupert has crushed activist Bluebell Capital’s attempt to get ex-Bulgari boss Francesco Trapani a board director seat to represent A-share investors and counterbalance Rupert’s outsized voting power. – Read More on Reuters

5. Asia’s rich seek safe havens, diversity to ride out economic uncertainty: Asia’s wealthiest are seeking safer assets to ride out the current economic downturn and doubling down on sustainability investments, according to a Bank Lombard Odier & Co. Ltd. study. – Read More on S&P Global

1. Fashion Firms Look to Single-Fiber Clothes as EU Recycling Regulations Loom: Currently, less than 1% of the world’s textile waste is recycled into new clothes, with the bulk ending up in trash heaps. The EU wants to change this, challenging the big players in fast-fashion that may have to retool their design processes and rethink their sourcing. – Read More on the WSJ

2. RELATED READ: European Union Proposes Sustainability Rules in Crackdown on Apparel Industry. The proposed sustainability-focused legislation coming out of the European Union puts forth new requirements for textiles, “setting mandatory minimums for the inclusion of recycled fibers in textiles,” while also banning “the destruction of unsold products under certain conditions, including unsold or returned textiles.” – Read More on TFL

3. Chinese shoppers are ditching London and Paris for home-grown brands: Pandemic restrictions and geopolitical tremors mean Chinese consumers are no longer travelling abroad for luxury goods, but Europe and Hong Kong’s losses have been the mainland’s gain, with Hainan’s duty-free sales more than quadrupling in the past 3 years. – Read More on SCMP

4. Three Ways Data Can Help Retail Power Couples Last: Dozens of merchants, including Target and Ulta, Lowe’s and Petco, Kohl’s and Sephora and Nordstrom and Allbirds, now use the “two power brands are more attractive than one” model to make them destination spots. – Read More on Forbes

5. Carbon capture ‘simply won’t work’ to meet net-zero targets, report says: An Institute for Energy Economics and Financial Analysis report concluded that the majority of carbon capture projects have failed or underperformed, while the few successful projects have mostly contributed to the procurement of fossil fuels. – Read More on S&P Global