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1. Clothing Firms Face Environmental Scrutiny Costs, Moody’s Says: Global clothing makers face new profitability pressures as they adapt to growing customer scrutiny of their environmental and social practices. Fast fashion and discount brands are the most at risk from increased competition as sustainable processes assume greater importance for buyers of their apparel. – Read More on Bloomberg

2. Adding Women to the C-Suite Changes How Companies Think: Based on an analysis of more than 150 companies, the authors find that after women join the top management team, firms become more open to change and less open to risk, and they tend to shift from an M&A-focused strategy to more investment into internal R&D. – Read More on HBR

3. Swiss luxury watchmakers learn to love the pre-owned market: Richemont, which owns Cartier, has so far been the only big luxury goods company to embrace the pre-owned market with its acquisition of online store Watchfinder in 2018. However, Audemars Piguet and established retailers like Bucherer have already started selling pre-owned watches. – Read More on Reuters

4. Why Digital Fashion is the Next Frontier of NFTs: Even more potent than scarcity is that NFTs also allow creators to collaborate on the process of designing and producing digital fashion items in a similar way to how they currently do in real life, using ERC-1155 NFTs. – Read More on NASDAQ

5. Why Small Stores Are a Big Deal for the Retailer’s Future: Target is opening a fleet of small-format stores — particularly on college campuses and urban streets, where its famed red bullseye has been largely absent in its ongoing bid to serve customers from new neighborhoods at a time when ease, safety and convenience are more important than ever. – Read More on PYMNTS