1. Gulf e-commerce company Noon to buy fashion venture Namshi: Dubai’s Emaar Properties said it is selling fashion e-commerce venture Namshi to Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and Saudi Arabian sovereign fund the Public Investment Fund. – Read More on Reuters

2. Retailers Stumble Adjusting to More Selective Shoppers: Stores are responding by pushing more discounts and highlighting private-label brand to shoppers, and, in some cases, canceling billions of dollars’ worth of orders with vendors. – Read More on the New York Times

3. How e-commerce brands can outlast this market downturn: The DTC playbook was written during a period when customer acquisition was relatively cheap – but that customers left brands with an unsustainable over-reliance on growth. – Read More on TechCrunch

4. Metaverse jobs are disappearing as hiring slows at Google, Facebook: While full-time metaverse jobs have become more scarce, the number of freelance gigs for related services has risen, a study found. – Read More on SCMP

5. Gen Z poses a problem for the luxury industry: Execs are troubled by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry’s growth in recent years, but also because high end consumers in the world’s second-largest economy are a decade younger than the global average of 38. – Read More on Reuters