Daily LInks
1. Retail has a new solution to the returns problem: returnless refunds. Behind the policy is “a formula of everything you buy and the projected net profit that the retailer is going to make, or gross margin, on that particular customer.” – Read More on the FT
2. TikTok Shop expands its secondhand luxury fashion offering to the UK. Since launching TikTok Shop in 2022, the platform has sold around $1 billion or more worth of products. – Read More on TechCrunch
3. How green are your trainers? Unveiling Team Japan’s official wear, Asics said the jackets, trousers and other items athletes will wear on the podium and at press conferences would have the amount of carbon dioxide emitted during production stamped on them, in a nod to the green goals put forth by the host city. – Read More on Reuters
4. Sustainable Fashion Has Lost Its Meaning. Greenwashing has made it so that small changes by a brand, like switching to recycled polyester or organic cotton, supersede the fact that the amount of clothing produced is still growing, the amount of textile waste is increasing, and workers’ wages and conditions are worsening. – Read More on Yahoo
5. RELATED READ: Fashion’s Buzzy Tech Initiatives, Alone, Won’t Solve its Sustainability Issues. A small – but heavily advertised – recycled capsule collection from a fast fashion titan, here or certified circular series of items from a multi-billion-dollar company, there, is mathematically immaterial. – Read More on TFL
6. Armani ‘Doesn’t Rule Out’ Merger or IPO in Succession Plan. After fighting for years to keep Giorgio Armani SpA independent amid the mergers and acquisitions that reshaped the luxury sector, Armani now says he won’t rule out his firm someday combining with a bigger rival or listing on an exchange. – Read More on Bloomberg
