Daily LInks
1. Back-to-School Season in Jeopardy as Retail Imports Plunge: Some apparel makers have already canceled some orders for the summer. Gap asked suppliers to stop shipping summer product that wasn’t intended for online sales, and to stop production for fall wares. – Read More on Bloomberg
2. How Covid-19 could change fashion and retail, according to experts: “Now what we’re seeing is much more emphasis on core products that have a never-out-of-stock, trans-seasonality to them, because those can be much more profitable for retailers.” – Read More on Quartz
3. How luxury brands rode out the storm in China with digital experiences: From Lanvin and Burberry’s boundary-pushing AR and VR to Louis Vuitton and Prada’s interactive WeChat pop-ups, COVID-19 has actually been a catalyst for brands to refine online and omnichannel strategies. – Read More on TechWire
4. The luxury sector is bracing for the worst sales numbers in its history: Luxury prices have escalated rapidly in recent years but it’s hard to see price increases being sustained with so much inventory to shift. – Read More on CNBC
5. #PayUp Petition Calls for Major Fashion Companies to Pay Garment Factories: Companies withholding their payments has resulted in international garment workers being out of work with no severance, savings or access to health care. An estimated 50 million garment workers will be impacted by COVID-19. – Read More on Yahoo
6. Instagram Draws Surge in Offers of Coronavirus Masks With Potential Risks: Researchers found at least 10,450 accounts on Instagram that have popped up in the past few months selling masks, some of which appear to be scams and most of which aren’t vetted for safety or price concerns. – Read More on WSJ
7. Fast fashion speeding toward environmental disaster, report warns: The Intergovernmental Panel on Climate Change has calculated the fashion industry produces 10% of global carbon dioxide emissions every year, while it is estimated to use around 1.5 trillion liters of water annually. Meanwhile concerns have been rising about pollution, from chemical waste to microplastics. – Read More on the Guardian
