1. Why People Really Buy Upcycled Products. Our findings revealed that comments on upcycled items more frequently mentioned aspects related to creativity and sustainability than those on non-upcycled items. – Read More on HBR
2. Designer brands owed millions after Matchesfashion collapse. Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after online fashion site Matchesfashion collapsed owing more than £210m last month. – Read More on the Guardian
3. RELATED READ: A Fashion & Retail Bankruptcy Tracker. A running look at some of the most recent fashion and retail-related bankruptcy filings. – Read More on TFL
4. Prada Posts Higher Revenue Despite Luxury Slowdown. “While the industry is experiencing new dynamics, we retain our ambition to deliver solid, sustainable and above market growth,” Chief Executive Andrea Guerra said. – Read More on the WSJ
5. Etsy crochet buyers say AI-made images are being used to sell disappointing patterns. Etsy broadly allows AI-generated content, to the dismay of some sellers. However, Etsy requires sellers to accurately depict their products in listing photos. – Read More on NBC
6. Tuscany’s luxury suppliers feel chill from China and changing trends. Waning Chinese demand for luxury goods has compounded the problems of Tuscany’s traditional leather companies as the big fashion houses they supply reshape their strategies, leading to painful layoffs that could be just the start. – Read More on Reuters