Daily LInks
1. Luxury Brands Want the Aspirational Shopper, But Not at a Discount. Herzog stressed that LVMH’s global presence and range of brands provide the company with a stronger ability to weather fluctuations in consumer behavior. – Read More on PYMNTS
2. Fast-fashion wars are warmup for Amazon battle. Temu offers everything from home appliances to electronics to toys, making it more of a direct competitor to Amazon. It’s still early days, but the upstart’s cut-throat prices and its parent company’s track record of taking on larger incumbents make it a force to be reckoned with. Its current skirmish with Shein may be just a start. – Read More on Reuters
3. Chatbots sometimes make things up. Is AI’s hallucination problem fixable? Described as hallucination, confabulation or just plain making things up, it’s now a problem for every business, organization and high school student trying to get a generative AI system to compose documents and get work done. – Read More on the AP
4. Fast Fashion Aims to Mend Its Image With Repairs. While some high-end brands have long offered to fix pricier products, the large-scale rollout of repair services is a new venture for mainstream fashion retailers whose clothes are typically much cheaper. The trend could also threaten to cannibalize sales of new products. – Read More on the WSJ
5. Can Fashion Break Free From Its Addiction to Plastic? Currently the industry is transitioning from virgin polyester to recycled polyester, in a bid to reduce its environmental impact and prevent waste. – Read More on Vogue
6. Luxury Jewelry, Handbags, Watches & More Worth almost $800K Intercepted at Chicago’s International Mail Facility. The box contained counterfeit jewelry, handbags, watches, caps, and socks displaying the logos of Tiffany and Co., Rolex, Yves St. Laurent, Hermes, Gucci, Louis Vuitton, Chanel, Versace, and Dior. – Read More on CBP
