Daily Links

1. Walmart Results Show Omnichannel Consumers Still Like to Shop in Stores: They show a slowdown in eCommerce momentum, but healthy same-store sales, indicating a pivot toward buying in person, in-store, or picking up on the premises. – Read More on PYMNTS

2. U.S. retail sales surge as holiday shopping starts, brightening economic outlook: U.S. retail sales surged in October as Americans eagerly started their holiday shopping early to avoid empty shelves amid shortages of some goods because of the ongoing pandemic. – Read More on Reuters

3. Stefan Cooke Enters the Metaverse with a Collection for The Sims: Turning the IRL into the URL came with design challenges. Cooke’s team met with designers at The Sims biweekly for almost a year, fine-tuning the details and hand-painting textures so that its crocheted sweaters and miniskirts look as true to life as possible. – Read More on Vogue

4. UK banks poised to move into buy-now, pay-later sector when regulation kicks in: The U.K. government said earlier this year that it plans to regulate the sector, amid concerns that consumers using BNPL could be racking up substantial debts with multiple companies and facing debt collectors in some cases. – Read More on S&P Global

5. RELATED READ: What Brands Need to Know Now That the Burgeoning Buy Now Pay Later Industry is Under the Regulatory Microscope.  In 2020, alone, over 10 million Brits used BNPL to purchase goods online, accounting for nearly 4 percent of online retail sales. – Read More on TFL

6. Online luxury goods operator Cettire launches CEO Dean Mintz into the rich: Australia’s newest billionaire is a mysterious young luxury goods e-commerce guru who has struck gold selling luxury goods (namely, of the gray market kind) online, mostly to Americans. – Read More on the Australian

1. What Does Inflation Mean for American Businesses? For Some, Bigger Profits: Nearly two out of three of the biggest U.S. publicly traded companies have reported fatter profit margins so far this year than they did over the same stretch of 2019, before the Covid-19 outbreak. – Read More on the WSJ

2. Why fashion collaborations such as Gucci x Balenciaga or Fendi x Skims by Kim Kardashian show no sign of stopping: The goal of Balenciaga was not to sell products to The Simpsons’ fans but to use the excitement to create a viral effect. That was the genius behind it, because it wasn’t about having a product but about creating a moment.” – Read More on SCMP

3. RELATED READ: As Fashion Continues to Co-Brand, a Look at the New Assets at Play and What Ownership Entails. Now may be an opportune time for companies to assess the breadth of the assets in their portfolio and try to monetize their brands in ways beyond their current uses. – Read More on TFL

4. As the brand turns 100, creative director Alessandro Michele is leading the fashion industry toward a different future. In the luxury fashion ecosystem, Gucci manages to be both a commercial behemoth and a creative juggernaut. It’s a public company that can rattle the nerves. It tugs at the culture with both creative energy and financial might. – Read More on the Washington Post

5. Marketplaces, Direct-to-Consumer Power Future of Digital Luxury Sales: Online luxury purchases grew 39% worldwide year over year in both April and May of 2020. Online retail sales are anticipated to account for 25% of total luxury purchases by 2025, up from 10% in 2019. – Read More on PYMNTS

1. Why Western luxury brands bought by Chinese investors fail – the buyers lack the experience and know-how to turn them around: “Chinese investors so often buy struggling brands that need a turnaround. They look for brands that they can get for a good price, but by doing this they end up setting the bar very high for themselves. Making a turnaround really isn’t easy in fashion.” – Read More on SCMP

2. The Fashion Industry Could Reduce Emissions—if It Wanted To: Instead, the fashion industry has been harping on the Circular Economy, a concept in which materials are recycled endlessly through the supply chain. – Read More on Wired

3. Buying second-hand luxury goods? Fakes are rampant, so buyer beware: Human authenticators are expensive, and tech-powered solutions designed to improve – and perhaps ultimately replace them – continue to evolve. These systems are still in their infancy, though. – Read More on CNA Luxury

4. Clothes rental services won’t break our fashion addiction: Clothes-rental businesses are as much of a solution to the problem of fast-fashion consumption as a tea towel is when faced with a flood – if we’re serious about real change, somebody needs to try to turn off the tap. – Read More on the Guardian

5. How Fashion Brands Can Enter Web 3.0 Metaverse Worlds: By using NFTs in a metaverse, fashion brands will have access to a new revenue stream. Instead of only selling physical products and charging people for every visit to the virtual showroom, fashion brands will be able to make money by selling their virtual items and clothing on a decentralized market. – Read More on Nasdaq

6. Retailer Rue Gilt Groupe Files for IPO Showing Revenue Gains: The off-price e-commerce company in its filing Friday listed the size of the offering as $100 million, a placeholder that will change when terms of the share sale are set. – Read More on Bloomberg

1. Tapestry eases concerns of Coach handbag shortages, raises annual estimates: With factories now reopening, Tapestry said it had pulled forward shipping timelines and will spend about $70 million on airfreight in the second quarter to get products in stores in time for Christmas shopping. – Read More on Reuters

2. Burberry to Expand New Store Format to Gain Higher-Spending Clients: Burberry Group shares slumped as the U.K. trenchcoat maker’s plan to go upmarket lost momentum ahead of the arrival of a new chief executive officer. – Read More on Bloomberg

3. Solving labor, last-mile delivery key to Amazon’s 1-day shipping ambitions: Amazon invested heavily in its logistics infrastructure in rural areas to meet unprecedented demand during the pandemic. Now, it must build out smaller sorting facilities in urban centers to speed up delivery of packages nearing their final destinations. – Read More on S&P Global

4. Chinese Consumers Conflicted About Sustainable Fashion, Report Finds: “Consumers highly aware of sustainability in China may know what they should do, but when it comes to consumption, they are likely to take price and style into consideration. Their value systems are swinging in between moral calling and hedonism.” – Read More on Sixth Tone

5. The RealReal CEO: Fashion is polluting our planet. We need regulation to make it stop. Europe is a prime example of how Congress can take legislative action. In 2020, France passed a law that prohibits burning or landfilling unsold fashion items, requiring companies to donate or recycle unsold items. – Read More on CNN

6. U.S. warns against IP, trade secret risks in draft EU tech rules: Draft landmark EU rules requiring U.S. tech giants to share information with rivals could put at risk companies’ intellectual property and trade secrets, the United States government warned in a new document. – Read More on Reuters

1. How AI and Mass Customization Could Change the Fashion Industry: When we talk about AI and fashion, it’s really about increasing the efficiency of the consumer experience, reducing waste and creating more sophisticated just-in-time inventory systems that take into account consumers’ bodies and preferences when they’re selecting an item. – Read More on Forbes

2. How carbon might go out of fashion: Clothes are hard to recycle into quality materials. A lack of recycling means the industry continues to rely heavily on virgin materials. Synthetic fibers such as polyester – produced using fossil fuels – make up more than 60% of the material used in clothing. – Read More on the BBC

4. Dior’s Entire Next Men’s Collection Is a Travis Scott Collab – Now It’s a Business Nightmare: Nike also has a new collab with Scott, but the sportswear giant has “spread out their risks pretty well so they can always fall back on another person they have a collab with. They could shelve it or pump the brakes.” – Read More on Rolling Stone

4. RELATED READ: From Celebrity Spokesmen to Big-Name Designers, Brands Grapple With How to Deal With “Morals” Issues. It is unsurprising that many companies have gone back to the drawing board – at least from a legal perspective – when it comes to enlisting Hollywood stars, professional athletes, big-name fashion designers, and heavily-followed influencers. – Read More on TFL

5. Luxury brands get in on the pre-loved act: These vintage offshoots – like Gucci’s Vault venture – are small and unlikely to impact the bottom line in any meaningful way for now. But they are an effective way to draw in new, climate-conscious consumers and boost customer loyalty, analysts say. – Read More on the FT

6. Adidas Takes Hit from Boycott in China, Once Seen as a Growth Engine: “We have to accept that China will be more difficult than we had hoped for as we started the year. I think we are in a politically tense situation that we need to work through.” – Read More on the WSJ