Image: Birkenstock

1. EU’s new Russia sanctions to likely include steel, luxury goods, jet fuel and more, sources say: The EU is working on a new package of sanctions against Russia that is likely to restrict the leasing of airplanes and the import and export of products like jet fuel, steel products and luxury goods. – Read More on CNBC

2. Even the rich may need to rein in spending as the global economy wavers: “Luxury brands should outperform, as they will likely continue to have pricing power, which will keep margins elevated, and they could see a boost if international travel returns to pre-pandemic levels.” – Read More on CNN

3. Birkenstock Wants to Keep Rival Sandals Off Shelves at Nordstrom, Zappos, Other Retailers: Birkenstock, whose popular chunky sandals have spawned many copycats, is pressuring retailers to stop selling similar styles from other brands, according to people familiar with the situation. – Read More on the WSJ

4. Shein’s $100 Billion Valuation Is a Win for Fast Fashion: What’s unique about Shein isn’t its supply chain, but how it couples this traditional style of business with a breakneck pace of market research and customer acquisition. – Read More on Bloomberg

5. What we often get wrong about e-commerce—and why it matters: Buy online, pick-up in store, curbside pick-up, and ship from store stock—either via the mail or a local home delivery service— is becoming the predominant way to fulfill online orders for many retailers. – Read More on Forbes