Daily LInks
1. Would Chinese Shoppers Buy A ‘Made In China’ Luxury Bag? “The simple logic of their knowing Asian sizing and tastes better than any European brand along with repeated cultural misappropriations by western brands has led to a gradual acceptance of homegrown products.” – Read More on Jing
2. Ferragamo partners with Farfetch to grow online, reach younger shoppers: Ferragamo has struggled in recent years to rejuvenate its image and appeal to younger luxury shoppers. In its latest turnaround attempt, Ferragamo hired former Burberry CEO Marco Gobbetti in January. – Read More on Reuters
3. Duty-Free Sales: France’s Lagardère Travel Retail saw its half-year sales to June double to €1.69 billion ($1.73 billion) driven by surges in France and EMEA (excluding France) of 120% and 148% respectively. – Read More on Forbes
4. July could be ‘lull before the storm’ for retailers and consumers: Spending on clothing and other non-essentials has held up so far this year as the warm weather and the opportunity to enjoy long-delayed overseas holidays and big family events, especially weddings, has been underpinned by savings made by many during the pandemic lockdowns. – Read More on the Guardian
5. ONDC can revolutionize the global e-commerce and digital brands: The Indian e-commerce sector is slated to grow to $350 billion by 2030. And it is set to get a massive boost once ONDC kicks and more brands would feel empowered to sell their products across platforms. – Read More on Times of India
