Daily LInks
1. AI is so hot even KFC and Williams-Sonoma execs are talking about it. More than 1,000 companies mentioned the technology in their quarterly reports this summer, up from just 36 a decade ago. – Read More on the Washington Post
2. Thought You Saved $60 on That Vacuum Cleaner? Think Again. A number of large retailers face legal challenges for allegedly deceiving consumers by tagging products as being on “sale,” even though their prices weren’t always discounted. This common marketing tactic is making a comeback as struggling retailers try to appeal to price-conscious consumers. – Read More on the WSJ
3. EU monitors Myanmar labor rights as fashion brands exit. The EU is assessing human and labor rights in Myanmar, leaving the door open to a possible change to the trade preferences, including its “Everything But Arms” scheme that removes tariffs and quotas for imports of goods coming into the bloc from 47 least developed countries including Myanmar. – Read More on Reuters
4. H&M Group to reopen stores in Ukraine. H&M Group temporarily closed its stores in Ukraine as of 24 February 2022. The company has been in close dialogue with partners and authorities and is now planning to gradually reopen most of its stores in the country from November 2023. – Read More from H&M
5. FTC proposal would significantly add to M&A approval prep time. The amount of time it takes to meet pre-merger compliance requirements could skyrocket if US regulators move forward with a proposed rule that would overhaul the process. – Read More on S&P Global
6. Kohl’s Needs to Find an Identity Beyond Sephora — and Soon. Investors cheered as a key measure of profits exceeded forecasts, suggesting the company’s 2-year-old strategy of giving luxury beauty retailer Sephora space in its stores as a way of attracting shoppers is paying dividends. – Read More on Bloomberg
