Daily LInks
1. Consumers Are Spending Like It’s 2019. “Consumers still have good savings, but they are being more judicious in how they spend,” Macy’s CEO Jeff Gennette said. “More of their money is going to services and experiences.” – Read More on the WSJ
2. Can fast fashion kick its dirty habits? By 2030, the EU wants textile products imported into the market to be “long-lived and recyclable, to a great extent made of recycled fibers, free of hazardous substances and produced in respect of social rights and the environment.” – Read More on the FT
3. RELATED READ: What a New EU Human Rights Law Means for Global Companies, Their Supply Chains. The European Union will soon require thousands of large companies to actively look for and reduce human rights abuses and environmental damage in their supply chains. – Read More on TFL
4. YouTube & Universal Music Join Forces to Address AI Threat. The newly formed Music AI Incubator will explore and offer feedback on AI-related tools with the goal of getting more artists involved with the technology, Universal CEO Lucian Grange said in a blog post. – Read More on Bloomberg
5. Chanel’s Unexpected CEO Is Reinventing the Company. Nair’s ability to implement new ideas will be somewhat circumscribed by Chanel’s unwavering retail strategy. Unlike many of its competitors, the company does not sell products online, apart from eyewear and a fraction of its beauty and fragrance lines. Instead, it relies on a network of its own stores. – Read more on the WSJ
