Image: The RealReal

1. Saks Fifth Avenue Owner, WeWork to Run Co-Working Spaces in Former Stores: The owner of Saks Fifth Avenue is converting parts of department stores into co-working spaces with WeWork, a strategy that marries the popularity of remote work with the struggles of bricks-and-mortar retail. – Read More on the WSJ

2. Fashion, Tickets to Concerts and Movies: Gen Zers are most eager to increase their spending on these items. Forty percent of the young generation said they anticipate spending more on clothes and accessories, the largest share of the dozen categories listed in the survey, which was conducted July 1-6 among 1,018 Gen Zers ages 13 to 24. – Read More on Morning Consult

3. Kanye West should not have collaborated with Gap, says former CEO: Mickey Drexler, who ran Gap between 1983 and 2002, said last week that, despite West’s previous work with Adidas, the collaboration was a bad idea. “I probably shouldn’t say this, but I told [West] he shouldn’t do the deal because it doesn’t make any sense.” – Read More on the Guardian

4. The RealReal pauses retail rollout amid improvements in business: Sales at The RealReal are growing like crazy as the post-pandemic recovery continues and new and returning customers reach record levels, but the luxury consignment marketplace is still struggling to make a profit and executives say they are unwilling to provide a timeframe for when it may become profitable. – Read More on PYMNTS

5. Luxury Sales Turned in an Unusually Strong First Half to the Year. Can the Good Times Last? It’s not just the top 1% who have expanded their purchasing power.  Adjusted for inflation, U.S. real disposable personal income in 2019 averaged $14,882, the highest on record up to that point. – Read More on ETF Trends