Daily LInks
1. H&M Returns to Alibaba’s E-Commerce Platform After 16-Month Absence: In March last year, H&M was wiped off the country’s leading e-commerce, ride-hailing, daily-deals and map applications and sites as the Xinjiang decision sparked a backlash among consumers. – Read More on MarketWatch
2. Watches of Switzerland more cautious after strong first quarter: The Rolex retailer, which has long waiting lists for timepieces in short supply, confirmed it expects revenue in a range between 1.45 billion pounds ($1.8 billion) and 1.50 billion for its financial year through April 2023. – Read More on Reuters
3. A relaunched biofuel startup has invented a way to recycle polyester-cotton blends into new threads: It’s become cheaper to recycle and reuse polyester and cotton. But textiles made by combining the two materials—poly-cotton blends—continue to vex the process. – Read More on Fortune
4. RELATED READ: Fashion’s Buzzy Tech Initiatives, Alone, Won’t Solve its Sustainability Issues. Beyond the relatively small impact of companies’ sustainability initiatives compared to the might of the marketing that surrounds them, a more fundamental issue exists. – Read More on TFL
5. Consumers angered by luxury fashion platforms’ return policies: According to the Korea Consumer Agency, 655 complaints were reported about luxury fashion firms last year, up 101.5 percent year-on-year. In 2019, 171 cases were reported, followed by 352 cases in 2020. – Read More on Korea Times
6. We’re Erasing a Big Chunk of the Retail Shock From the Spring: This past spring was when the market really first started to worry about inventories piling up at US retailers, with ports and trucks and warehouses all getting distended on unwanted goods. – Read More on Bloomberg
