Daily LInks
1. A Tale of 2 Brands: Macy’s Ramps Up Private Labels as Amazon Backs Away. This summer, Macy’s announced its plans to launch four private brands by the end of 2025. Meanwhile, Amazon is reducing its private-label operations, leading to the discontinuation of numerous in-house brands. The move coincides with the retail behemoth’s efforts to ward off antitrust measures, bolster earnings, and trim expenses. – Read More on PYMNTS
2. Generative AI-nxiety. There are at least four cross-industry risks that organizations need to get a handle on when it comes to generative AI: the hallucination problem, the deliberation problem, the sleazy salesperson problem, and the problem of shared responsibility. – Read More on HBR
3. Quality Control Is a Secondhand Fashion Startup’s Key to Growth. The company says it’s generating the returns needed to grow, because it accepts only bundles of at least 20 items from consignment sellers and is exacting about the condition of the garments. – Read More on Bloomberg
4. Shoppers embrace “girl math” to justify luxury purchases. While the term originated from an unflattering view of women and their finances, TikTok’s latest trend aims to reframe the narrative around luxury indulgences. – Read More on CNBC
5. “Quiet luxury” trend gets a fresh spin in China. The stealth-wealth look has come to signify a new form of status among traditionally logo-happy consumers in China. – Read More on the FT
6. How luxury watches are driving the secondhand market. In a 2023 luxury resale report, Sign of the Times estimated the luxury secondhand clothing market will grow three times faster than the global apparel market. It said luxury resale is currently worth $24 billion (€21 billion). – Read More on EuroNews
