1. Clean beauty is now a $1 billion business. Just ask Beautycounter: The Carlyle Group, which manages $246 billion in assets, is known for investing in consumer brands including Supreme and sneaker brand Golden Goose, which made big exits when they were acquired. – Read More on Fast Co.
2. Luxury Brands Are Helped By a Lack of Other Spending Options: LVMH has been well managed during the crisis. It took advantage of strong demand for its goods in Asia, where sales increased by 86% in the first quarter. The business renegotiated rents in its stricken travel-retail unit and spent on marketing when rivals trimmed back. – Read More on the WSJ
3. March retail sales are expected to have surged as consumers spent $1,400 checks: A multi-month burst of consumer spending is expected to kickstart an economy that is expected to boom this year. The strongest growth is expected in the current quarter, which some economists say could see gross domestic product growth of more than 10%. – Read More on CNBC
4. Is Your Brand Ready for Its Retail Media Moment? If you’re a retailer with strong first-party data collection (and historical first-party data), a path to monetization has been cleared for you. When you put those two things together, you see why retail media is booming. – Read More on AdWeek
5. RELATED READ: As Consumer Data Becomes Increasingly More Valuable to Companies, Is it Time for a Comprehensive U.S. Privacy Law? Consumers want better protection for their data, and businesses want clear national laws instead of 50 different state standards. Yet there is virtually no consensus about what a broad privacy law should entail. – Read More on TFL