Daily LInks
1. Independent French fashion labels use coronavirus lockdown to rethink their offerings and prepare for a new world of conscious shopping: Designers expect shoppers to behave differently post-coronavirus. “I think it’s already following a path towards consciousness, sustainability, increased respect for craft.” – Read More on SCMP
2. As Masks Go Mainstream, Fashion Designers Sense an Opportunity: “We will see this become a staple item, as well as fashion—even if to mark this as an era to remember.” Once hard to find, masks will become staples at retail, coming in fashionable patterns, an array of colors, and even in personalized versions. – Read More on Bloomberg
3. This is an economic crisis: According to experts, without significant government intervention, many young British designers and freelancers will be in trouble. “People think the system can move to e-commerce, but it’s not that easy for young designers who are not big businesses to run an e-commerce system that is sustainable for them.” – Read More on the Guardian
4. Retail sales could remain down by double digits through 2021, Fitch says: Fitch Ratings estimates that consumers’ discretionary retail spending will decline by up to 50 percent for the first half of 2020. Adding to the uncertainty is a looming recession, which some analysts think the U.S. has already entered, and mass layoffs that are happening right now. – Read More on Retail Dive
5. Hermès Reportedly Hauled in $2.7 Million in One China Store on Saturday: The Paris-based brand is said to have brought in at least $2.7 million in sales on the reopening day of its flagship store in Guangzhou’s Taikoo Hui last Saturday, as rare bags, including a diamond-studded Himalayan Birkin, were shipped to the location. – Read More on WWD
6. Warehouse workers risk COVID-19 to ship Gucci shades, face cream, sofas: Online sales amount to an understandable “survival strategy” for a sector that is important to consumers, investors and the economy, said Thomas Kochan, a management professor at the Massachusetts Institute of Technology. But staying open also creates an obligation to give workers more say in benefits and protections. – Read More on Reuters
