Daily LInks
1. In Retail’s Top Echelons, Female C.E.O.s Lose a Bit of Ground. In recent months, major retailers like Gap, Stitch Fix, Victoria’s Secret, Kohl’s, the Vitamin Shoppe and the RealReal have appointed men to chief executive positions previously held by women. Others like Macy’s, VF Corp, and the Italian denim brand Diesel replaced men with men at the top. – Read More on the New York Times
2. How fast-growing e-commerce app Temu makes money from $10 smartwatches. Bargain e-commerce company Temu has had a whirlwind 2023. Quietly launching its app in September 2022, it only took the company a few weeks to top app store charts, edging out Amazon, Walmart and even fast-fashion brand Shein. – See More on CNBC
3. Kansas City Fashion Week sues Kansas City Fashion LLC for trademark infringement. Kansas City Fashion Week filed a federal lawsuit against Kansas City Fashion LLC, claiming that it is offering similar events using similar designers/models often in the same location and, of course, the similarity of company names. – Read More on Biz Journals (And you can find the complaint here)
4. Luxury retailers brace for rise in theft and security issues. The study surveyed senior executives at luxury retailers with a total annual turnover of $3.1bn across Asia, Africa, Europe, the US and South America. 62% expect a rise in losses to theft over the next three years while 31% predict a dramatic increase. – Read More on RIN
5. Luxury brands are poised to benefit from China’s reopening. While Ralph Lauren’s North American business slumped a dramatic 10% this quarter, sales in China climbed 50% from last year. Likewise, Burberry’s comparable sales in China rose 46% this period compared to last year, and Hermès saw a 23% sales increase in Asia “driven by a very good Chinese New Year.” – Read More on Modern Retail
6. Why fashion brands are putting celebrities in charge. “Brand ambassador relationships are more fleeting, while having celebrities as part of your organization has an implied authenticity and longevity.” – Read More on BBC
