1. Shein To Address Fashion Industry Waste Ahead Of Potential Listing. The fast-fashion retailer plans to introduce more eco-friendly practices, such as using recycled materials and reducing production waste, as part of its effort to improve its environmental footprint and bolster its reputation ahead of a potential initial public offering. – Read More on The Wall Street Journal

2. Adidas Set To Benefit As Nike Struggles. With Nike experiencing difficulties such as overstock issues and slowing sales growth, Adidas is positioned to capitalize on these weaknesses through strategic marketing, product innovation, and expanding its market presence. – Read More on Reuters

3. Temu Holding Company Hit With Class Action Lawsuit. The lawsuit accuses Temu of making unsolicited marketing calls to consumers who are registered on the “Do Not Call” list, which could lead to significant legal repercussions and potential fines if the allegations are proven. – Read More on Fashion Dive

4. Amazon’s Investment In Saks Fifth Avenue and Neiman Marcus Is Its Latest Foray Into Fashion. This strategic move highlights Amazon’s efforts to diversify its retail portfolio and strengthen its foothold in the luxury segment, leveraging the prestige of these iconic fashion retailers to attract affluent customers. – Read More on GeekWire

5. Samsung Explores Wearable Technology With New Smart Rings And Enhanced AI Capabilities for Smartwatches. The tech giant is developing innovative features for its wearables, such as advanced health monitoring and seamless integration with other Samsung devices, to better compete with Apple and other leaders in the wearables market. – Read More on AP News

1. France’s Efforts To Combat Counterfeit Olympic Merchandise. Ahead of the Paris 2024 Olympics, France is intensifying efforts to combat counterfeit merchandise, which has plagued past games, by enhancing customs enforcement and collaborating with international authorities to protect intellectual property rights. – Read More on Reuters

2. New York Times vs. OpenAI and Microsoft: Copyright Dispute. The New York Times Co. is asking a federal judge to deny OpenAI’s request to turn over reporters’ notes, interview memos, and other materials used by journalists to produce stories that the media company alleges were used to help train the tech company’s flagship artificial intelligence models. – Read More on GeekWire

3. Microsoft and Occidental Carbon Credit Deal. Microsoft and Occidental Petroleum have signed a deal focused on carbon credits to offset the environmental impact of Microsoft’s AI operations as part of its broader sustainability initiatives. – Read More on Financial Times

4. Shein’s €250 Million Investment in European Designers and Circularity Initiatives. Shein announced a €250 million investment over five years in European designers and circularity projects to address regulatory scrutiny and support a potential IPO in London. – Read More on Business of Fashion

5. Christian Dior’s Reputational Risk from Low-Cost Manufacturing. Christian Dior faces reputational damage and potential profit loss due to revelations of sweatshop-like conditions in its supply chain, as a Milan court named it among brands outsourcing production to unsafe factories in Italy. – Read More on The Wall Street Journal

6. Biden Administration’s Chip Supply Chain Strategy. The Biden administration aims to transform the global semiconductor supply chain by increasing chip production in the U.S. and partnering with countries like Costa Rica and Vietnam for final assembly, to enhance security and reduce dependency on East Asia. – Read More on The New York Times

1. Luxury Headwinds — Why Only The Bold And Fast Will Survive. Luxury brands must rapidly adapt to Gen Z’s expectations, sustainability demands, and market changes, particularly in China, to stay competitive and avoid decline. – Read More on Jing Daily

2. The Price Paradox: Why Luxury Fashion Is Booming During A Cost-Of-Living Crisis. Despite economic challenges, luxury fashion thrives due to affluent consumers prioritizing exclusive, high-quality items and brands leveraging scarcity and status appeal. – Read More on Grazia

3. Let Temu Keep The Cheap Stuff. Amazon Should Go Luxe. Amazon should focus on luxury goods instead of competing with low-cost retailers like Temu and Shein to enhance profitability and market presence. – Read More on Bloomberg

4. The Marvelization Of Fashion. The fashion industry increasingly collaborates with entertainment franchises like Marvel, blending pop culture and fashion to attract a broader audience. – Read More on The Washington Post

5. US Congress Launches Slow Fashion Caucus. The US Congress has initiated the Slow Fashion Caucus to promote sustainable practices and counteract the environmental impact of fast fashion. – Read More on Fashion United

6. Goodbye Originality: Why Shein’s Fast AI Fashion Suggests The Future Of Marketing Is About Faking It. Shein’s AI-driven fast fashion model highlights a shift towards imitation and rapid production, challenging traditional marketing and originality in fashion. – Read More on Creative Brief

1. Shein, Temu, And the Parcel Wars: A Battle Over Low-Price Imports. Fast-fashion giants Shein and Temu are disrupting Western retail markets with low prices by exploiting loopholes in customs duties, sparking debates over fair competition and product safety. – Read More on Financial Times

2. Who Makes The Dior And Armani Luxury Handbags? An investigation in Italy reveals that workers making Dior and Armani luxury handbags are subjected to exploitation and poor working conditions. – Read More on First Post

3. MTA’s Underground Retail Expansion Faces Hurdles. The New York Metropolitan Transportation Authority is revamping its underground retail spaces to enhance commuter experience and generate additional revenue. – Read More on The New York Times

3. The Fragrance Industry Is Booming. Here’s Why It Makes Scents. The fragrance industry is experiencing significant growth, driven by viral marketing and increasing consumer interest in prestige scents. – Read More on The Washington Post

4. Burberry Gears Up To Slash Hundreds Of Jobs Under Cost-Cutting Program. Burberry plans to cut hundreds of jobs as part of a cost-cutting program aimed at streamlining its operations. – Read More on Retail Gazette

5. Amazon Takes A New Brick-And-Mortar Approach With A Stake In Neiman Marcus. Amazon is adopting a new brick-and-mortar strategy by acquiring a stake in luxury retailer Neiman Marcus, blending e-commerce with physical retail presence. – Read More on MSN

6. Delhi High Court Sends Tesla v. Tesla Power Trademark Case To Mediation. The Delhi High Court has referred the trademark dispute between Tesla and Tesla Power to mediation in an effort to resolve the conflict amicably. – Read More on Mediate

1. Givenchy Taps Former Louis Vuitton Exec Alessandro Valenti To Be Its New CEO. Givenchy has appointed Alessandro Valenti, formerly of Louis Vuitton, as its new CEO to drive innovation and market presence. – Read More on Robb Report

2. Why The Luxury Hospitality Industry Is Retail’s Latest Flex. Luxury brands are expanding into the hospitality industry to offer immersive experiences that enhance brand loyalty and create new revenue streams. – Read More on Forbes

3. Parent Company Of Saks Fifth Avenue To Buy Neiman Marcus For $2.65 Billion. The parent company of Saks Fifth Avenue is acquiring Neiman Marcus for $2.65 billion to consolidate their market presence and enhance operational efficiencies. – Read More on The Washington Post

4. Revenue Radar: Nike’s Profits Dip Ahead Of Olympics. Nike’s profits have dipped ahead of the Olympics due to increased production costs and supply chain disruptions, but the company remains optimistic about future growth. – Read More on The CFO

5. Shein To Return To India? Reliance to launch Chinese fast-fashion label in coming weeks. Shein is set to re-enter the Indian market through a partnership with Reliance, leveraging its extensive retail network for a smoother entry. – Read More on Business Today

1. Nike Expects Sales To Decline This Year As Turnaround Plan Continues. Nike forecasts a drop in sales for the year as it continues to implement its turnaround strategy, focusing on improving profitability and operational efficiency. – Read More on Business Insider

2. AI Surges As Luxury Goods Push Personalization. The luxury goods sector is increasingly leveraging AI to enhance personalization, driving a surge in the technology’s adoption and transforming customer experiences. – Read More on IT Online

3. Levi Strauss Insourced Logistics Network From Third-Party Providers In Q2. Levi Strauss has brought its logistics network in-house, moving away from third-party providers to streamline operations and improve efficiency in the second quarter. – Read More on Fashion Dive

4. Sainsbury’s Boss Calls For Closure Of Loophole In UK Import Duty. The CEO of Sainsbury’s has urged the government to close a loophole in UK import duty that is impacting the retail sector, emphasizing the need for fairer competition and regulatory adjustments. – Read More on Reuters

5. Dior And Armani Address Labor Issues In Their Italian Supply Chain. High-end fashion brands Dior and Armani are taking steps to tackle labor issues within their Italian supply chains, focusing on improving working conditions and ensuring ethical practices. – Read More on The Wall Street Journal

6. Luxury Food Industry Takes Cues From Fashion’s Playbook. The luxury food industry is increasingly adopting strategies from the fashion world, including brand storytelling, exclusivity, and high-profile collaborations to attract discerning consumers. – Read More on Vogue Business

7. Collapsed Aussie Fashion Label Popular With A-List Celebs Owes $35M. The Australian arm of luxury apparel brand Dion Lee Enterprise has collapsed, leaving a debt of $35 million and highlighting the challenges faced by the retail sector. – Read More on News.com.au

1. Shein And Temu Swamping Airfreight Capacity, Sending Rates Soaring. Fast-fashion giants Shein and Temu are overwhelming airfreight capacity, leading to soaring shipping rates. The surge in demand for airfreight is putting pressure on logistics networks and causing significant increases in costs for transporting goods. – Read More on The Wall Street Journal

2. Essential Retail Chains Close Dozens Of Stores In Bankruptcy. Major retail chains have resorted to closing store locations this year in out-of-court restructurings as well as Chapter 11 filings to eliminate underperforming units and cut costs. – Read More on The Street

3. Stuck In The Middle Consumer. Consumers today are caught in a complex emotional state, feeling okay about the present but anxious about the future due to various factors such as higher wages, high prices, political fatigue, and global issues. – Read More on WWD

4. Airing The Dirty Laundry Behind Fashion Companies’ Supply Chains. Unethical practices in fashion supply chains, including forced labor and child labor are being exposed, emphasizing the need for transparency and consumer awareness to promote ethical industry changes. – Read More on Fashion Law Journal

5. Is Gap’s Turnaround Finally Working?: Gap’s turnaround strategy shows signs of progress with improved financial performance, strategic store closures, and focus on e-commerce, but challenges remain in sustaining momentum and adapting to changing consumer preferences. – Read More on Business of Fashion

6. AI, NFTs, Stradivarius Violins and a Fashion Revolution at Wimbledon. The Luxury Law Summit in London covered topics such as the impact of AI and NFTs on the luxury sector, the use of Stradivarius violins in unique legal contexts, and innovations in fashion, including at Wimbledon. – Read More on Global Legal Post

1. Shein Plans to Turn Turkey Into A Major Supplier. Shein is expanding its supply chain beyond China, focusing on Europe and Mexico, with Turkey set to play a crucial role in supplying fast-fashion clothes for the European market. – Read More on SupplyChainBrain

2. Nike Shares Drop Nearly 20 Percent, Downbeat Outlook Drags JD Sports, Puma And Briefly Lifts Adidas. Nike’s recent downbeat outlook has negatively impacted JD Sports and Puma, while briefly boosting Adidas. This shift highlights the volatile market conditions and the varying fortunes of sportswear brands amid changing consumer behaviors and economic uncertainties – Read More on Reuters

3. Shoppers Fury After PrettyLittleThing Shuts Accounts Over ‘High Return Rate’. PrettyLittleThing has faced backlash from customers after shutting down accounts with high return rates to curb return-related costs and inefficiencies. – Read More on iNews

4. Chevron’s End May Put Target On ITC And Patent Office Policy. The end of the Chevron deference could lead to increased scrutiny of the International Trade Commission and Patent Office policies, impacting patent disputes and intellectual property cases. – Read More on Law360

5. Fashion History Was Forever Altered by the Tiny-Eyed Needle 40,000 Years Ago. The invention of the tiny-eyed needle 40,000 years ago revolutionized fashion, enabling the creation of fitted clothing crucial for survival in cold climates. – Read More on Earth.com

1. How Nike Missed The Boom In Running Culture. Runners say the sneaker giant has stepped back from the community, opening the door for Hoka, New Balance and others. – Read More on The Wall Street Journal

2. How Circularity Is Reshaping The Fashion Supply Chain. Fashion companies are being forced to reimagine their entire value chain operations from design to end-of-life but circular models come with both challenges and opportunities. – Read More on Just Style

3. Can Congress Break Our Addiction To Fast Fashion? The Slow Fashion Caucus hopes to raise awareness around the destructive impact of what we buy and wear. – Read More on The Washington Post

4. Beyoncé And Blue Jeans Weren’t Enough For Levi’s. Denim is one of the hottest fashion trends around, yet the brand’s sales missed estimates after Wall Street mistook a fashion trend for a turnaround. – Read More on Bloomberg

5. Two Adidas Employees Out In China Corruption Probe. Two employees have left Adidas as a result of an ongoing investigation by the German sportswear brand into allegations of corruption in China. – Read More on CNN

6. Amazon Plans Discount Web Store In Effort To Counter Temu, Shein. Amazon plans to launch an online storefront for low-priced apparel and home goods, the company’s biggest move to date to counter the rise of discount upstarts such as Temu and Shein. – Read More on The Business Times

1. How Puma Is Taking On Nike And Adidas At Copa America. Puma is making a bold move to challenge Nike and Adidas in football by becoming the official ball sponsor of Copa America 2024, and despite only sponsoring one national team in the tournament, it is leveraging its historical ties with legendary players and focusing on innovative ball technology to gain visibility and market share. – Read More on The Athletic

2. UK Retail Sales Go Into Reverse This Month, Survey Shows. UK retail sales volumes fell in June 2024, marking the third consecutive month of decline as high inflation continues to strain household budgets and retailers expect this trend to persist into July. – Read More on Reuters

3. Under Armour Settles Accounting Practices Suit For $434 Million. Under Armour has agreed to pay $434 million to settle a class action lawsuit concerning allegations that the company misrepresented its financial results and consumer demand between 2015 and 2019; the settlement also includes changes to corporate governance without an admission of wrongdoing. – Read More on Retail Touch Points

4. Can Artificial Intelligence Predict Fashion Trends? Artificial intelligence is transforming fashion trend prediction by analyzing vast data from various sources and enabling accurate forecasts and personalized recommendations, although challenges like data quality and the need for human intuition persist​. – Read More on Analytics Insight

5. Temu Is A ‘Data-Theft Business,’ Arkansas Attorney General Says In Lawsuit. Arkansas Attorney General Tim Griffin has filed a consumer protection lawsuit against fast fashion giant Temu accusing it of being a data-theft business that improperly collects users’ personal information, with Temu denying the allegations and asserting they are based on misinformation​. – Read More on Fashion Dive

6. Millennials’ Fast-Fashion Favorite Forever 21 Can’t Keep Up With Shein’s Meteoric Rise. Forever 21 faces financial struggles and increasing competition from e-commerce giants like Shein, which has impacted its ability to sustain operations despite attempts at collaboration and rent reductions. – Read More on Fortune