1. Sneakers, Athleisure And Post-Pandemic Chic Look Healthy: What’s kept the sneaker market moving during lockdowns? “Running was a theme among the top-performing brands year-to-date through June. Brooks had a high teens increase, Puma grew in the high singles, Hoka ONE ONE was up more than 75 percent and On Running sales more than doubled.” – Read More on PYMNTS
2. In Luxury Goods, Pandemic Shows Bigger Is Better: Analysts say the damage caused by the pandemic, coming after years of declining results for Tod’s and Ferragamo, could raise pressure on the companies to seek outside investment or sell themselves to one of the industry’s conglomerates: LVMH Moët Hennessy Louis Vuitton, Kering, Richemont or Capri Holdings. The giants control much of Italian luxury-goods production. – Read More on the WSJ
3. Here’s Why Some Fake Rolexes Are So Accurate: It’s no secret now that if you want to buy a hard-to-find Rolex stainless steel sports watch and you don’t want to spend more than £1,000, you can quite simply buy a fake. These superclone watches are accurate to the finest detail, at least, within the realms of any normal person’s expectations, and it begs the question: how can today’s fake watches be so accurate? – See More on WatchFinder (via Redef)
4. RETRO READ: What Makes a Fake a Fake? A Dive Into Rolex’s Definition of a “Counterfeit” Watch. Courts are willing to consider that the addition of non-genuine parts to genuine Rolex watches that continue to bear original Rolex trademarks falls within the bounds of the technical definition of a counterfeit as set out by U.S. trademark law since “the watches on which those trademarks appear are no longer Rolex’s product.” – Read More on TFL
5. Canada Goose Quickens China Growth to Reach Stuck-at-Home Buyers: The Toronto-based parka maker said Tuesday it is doubling its footprint in mainland China this fiscal year by adding four stores, out of seven planned openings globally. After suffering the world’s first Covid-19 outbreak, China’s economy is now rebounding faster than North America. – Read More on Bloomberg
6. Amazon to hold virtual seller conference as lawmakers examine its power over third-party merchants: The conference comes as regulators set their sights on the ways that Amazon treats and competes against the third-party sellers that now account for approximately 60% of Amazon’s physical sales. In the last quarter, Amazon said third-party sales grew 52% year over year, compared with year-over-year growth of 23% in the same period last year. – Read More on CNBC