Daily Links

1. Web3 could help fashion become more sustainable: The ravenous appetite of fast fashion shoppers isn’t settling anytime soon, and fashion’s supply chain remains quite arduous on the environment. A possible step toward finding the multiple solutions needed to fix this damaging sector is, well, embracing more web3. – Read More on TechCrunch

2. Retail execs are questioning how long they can raise prices: As Wall Street presses retailers to prop up margins, only one-third of those executives interviewed in the report were “very confident” about boosting margins or holding on to the margins they have. – Read More on MarketWatch

3. Lacoste Owner Looks to Snap Up More Brands as Sales Surge:  They are looking for brands that transcended borders and had at least €500 million in annual sales. Targets don’t necessarily need to be in fashion, and could be in areas like hospitality or experience, but do need to be upmarket. – Read More on the WSJ

4. The Future of Retail Isn’t Direct-to-Consumer: There’s another benefit to setting up shop in a place where you’re more likely to get local customers: Access to reliable shopper data. – Read More on Inc.

5. How the fashion industry is tackling sustainable packaging: “Consumers, investors, and regulators will grow increasingly hostile to any company, fashion or otherwise, that does not operate in a sufficiently sustainable way. The packaging used by fashion companies can have a big impact on their overall environmental footprint.” – Read More on Packaging Gateway

1. Retail industry legislation and policies to watch in 2023: From credit card swipe fees, to long-awaited rules around data privacy, retail interests are going to be eyeing proposals at the state and federal levels. Some policies have the potential to broadly change retail practices across sectors. – Read More on Modern Retail

2. RELATED READ: Regulating the Industry – A Running Tracker of Fashion-Focused Legislation. The U.S. is seeing a rise in fashion-centric legislation that is worth keeping an eye on. Here is a running list of key domestic legislation worth keeping an eye on. – Read More on TFL

3. Lidl, Zara’s owner, H&M and Next paid Bangladesh suppliers less than production cost: In a survey of 1,000 factories in the country producing clothes for UK retailers, 19% of Lidl’s suppliers made the claim, as did 11% of Inditex’s, 9% of H&M’s and 8% of Next’s. – Read More on the Guardian

4. LVMH Stock Rises to New Record After Leadership Reshuffle: LVMH’s shares have been on a tear this year, rising 13% as the post-pandemic sales boom continues for luxury goods. China’s reopening is likely to further boost demand for LVMH brands such as Christian Dior and Louis Vuitton. – Read More on the WSJ

5. Hong Kong set to shortlist crypto tokens for retail trading: Hong Kong securities watchdog will propose a subset of tokens it would allow for retail investors’ trading, its chief executive said on Wednesday, as it presses on with a new regulatory regime that will make the city more friendly to crypto startups. – Read More on Reuters

6. With Many Retailers Offering Online Sales, Phony Sites Blend In: Toward the end of 2020 and beginning of 2021, footwear brand Rothy’s was “easily dealing with hundreds of fake websites per month,” a company spokeswoman, said. – Read More on the New York Times

1. LVMH names new Louis Vuitton CEO, puts Arnault daughter in charge of Dior: LVMH Chairman and CEO Bernard Arnault has reshuffled top management with the appointment of his daughter Delphine to lead Christian Dior. Pietro Beccari, who has been the head of Dior since 2018, is moving to replace long-time Louis Vuitton CEO Michael Burke. – Read More on Reuters

2. The fall of fast fashion: In the UK the, Asos was 2022’s worst-performing stock, with shares falling 78 percent. Nor is Asos alone: Boohoo, which owns the brands Nasty Gal and PrettyLittleThing.com, fell 70 per cent in 2022. – Read More on the New Statesman

3. Where Is Tech Going in 2023? Game-changing technologies, such as 5G, AI, and cloud, are hitting tipping points for mass adoption. – Read More on HBR

4. Has Vuitton Found Virgil Abloh’s Successor in KidSuper? While it is true that men’s wear accounts for just a portion of profits at Vuitton, its halo effect on the brand’s image, which began when Mr. Abloh was appointed in 2018, cannot be overstated. – Read More on the New York Times

5. Rich consumers seem unfazed by market turmoil: “Part of [luxury’s resilience] is because luxury can play different roles in a consumer’s life. Some of it is aspirational, and some of it is rewarding yourself. During the pandemic, some of it was self-care. It’s really hard to move off of luxury once you’ve gotten used to it.” – Read More on Fortune

6. ASOS Looks a Lot Better Off Without Topshop: ASOS, which for many years generated the sort of sales growth that high street stores could only dream of, faces a potential shareholder rebellion at its annual meeting on Wednesday. A day later, it will report first-quarter sales. – Read More on Bloomberg

1. Flush With Cash, Chinese Tourists Will Boost Spending in Fashion Capitals: Trip.com said that Singapore was the fastest-growing of all the destinations, with flight bookings leaping six-fold, followed by an average 400% jump in airline ticket orders. Bookings for long-haul flights to the UK, the U.S. and Australia also increased. – Read More on PYMNTS

2. The 10 biggest U.S. retail bankruptcies in 5 years: A Bed Bath & Beyond bankruptcy filing would add to a list of high-profile collapses of retailers who struggled, especially during the pandemic, to compete with big-box retailers and online buying. – Read More on Reuters

3. RELATED READ: Retail Woes – A Running List of Fashion & Retail Bankruptcies. Here is a look at some of the most recent fashion-related bankruptcy filings, as well as some significant ones dating back a bit further. – Read More on TFL

4. Fashion brands paid Bangladesh factories less than cost – report: A survey of 1,000 factories found many were paid the same prices as before the pandemic two years ago – despite soaring costs of materials. One in five said they struggled to pay Bangladesh’s £2.30 a day minimum wage. – Read More on BBC

5. Rolls-Royce rides ongoing luxury demand to sales record in 2022: Rolls-Royce’s sales were led by the Americas, with the U.S. remaining its top market with around 35% of sales. In China, the carmaker’s second-largest market, coronavirus-related lockdowns led to a “single-digit drop” in sales. – Read More on Reuters

1. The Big Picture 2023 Sustainability Outlook: Regulation is shaping the sustainability agenda and transforming the way investors and companies approach ESG-related investing. Mandatory climate disclosures are now on the horizon in the U.S. after the SEC unveiled a long-anticipated climate disclosure rule-making proposal. – Read More on S&P Global

2. The Executive Who Made Winter Gear High Fashion: With Mr. Ruffini at the helm, Moncler became the first company to put puffy down jackets on the catwalk, and to persuade shoppers to splurge from $1,000 to as much as $5,000 on a jacket. – Read More on the WSJ

3. Hermes expands in Nanjing as luxury industry bets on Chinese return: European luxury houses have continued to invest in China, expected to become the sector’s largest market by 2025, despite a turbulent year marked by disruptions as the country imposed strict curbs to contain Covid. – Read More on Reuters

4. Three of the biggest luxury fashion retail trends for 2023: Chen suggested that the customers who continue to buy luxury – like the ultra-rich – will gravitate toward major designers like Chanel, Dior and Louis Vuitton over smaller designers. – Read more on SCMP

5. LVMH, Richemont Set to Benefit From Middle East’s Fast Growth: The Middle East is expected to become one of the fastest growing markets for luxury in 2023, according to Barclays Plc analysts, with the owners of Louis Vuitton and Cartier best placed to benefit. – Read More on Bloomberg