Daily LInks
1. Shaming women out of fast-fashion won’t combat sustainability: The inherent privilege of women ridiculing other women queuing outside Primark after 2020 lockdown restrictions eased? It not only overlooks the socio-economic pressures that forced them into this position to start with but consistently comes from the people who can afford the price tag attached to, say, a pair of £300 sustainable jeans. – Read More on Harper’s Bazaar
2. Overselling Sustainability Reporting: For two decades progressive thinkers have argued that a more sustainable form of capitalism would arise if companies regularly measured and reported on their ESG performance. But although such reporting has become widespread, and some firms are deriving benefits from it, environmental damage and social inequality are still growing. – Read More on HBR
3. UK investors expand anti-slavery push to construction, materials sectors: A separate group of religious and socially conscious investors, backed by the Interfaith Center on Corporate Responsibility, told Reuters last month it was ramping up pressure on Western apparel companies with supply chains in China. – Read More on Reuters
4. Hermès Says Luxury Watch Oversupply an ‘Illness’ for Industry: After Switzerland exported more than one billion watches over the past four decades, luxury watchmakers are struggling with the paradox that they need to sell more yet make their products even more exclusive. “As long as you have commercial people incentivized by key performance indicators, you will have overstock on the market.” – Read More on Bloomberg
5. RETRO READ: Hermès CEO says, “People Still Want Things That Not a Lot of People Can Get.” No shortage of Hermès’ success to its “very limited distribution strategy.” To be exact, Hermès operates only about 300 stores in the world, with just over 30 brick-and-mortar outposts in the U.S., and its shoppable website. – Read More on TFL
6. ‘Satan Shoes,’ Nike Lawsuits and the Booming Sneaker Bootleg Market: Nike has traditionally not been very litigious with these types of creative bootleggers, and while it didn’t comment on specific examples or brands, Nike said it “will continue to act to enforce its rights in its trademarks and designs.” – Read More on the WSJ
