1. Can the fashion industry move from recycled bottles to reused threads? Some U.S. states are advancing legislation on textiles recycling, while proposals launched by the EU in July will make producers responsible for the full life cycle of textile products. – Read More on Reuters
2. RETRO READ: Up Next in Fashion: Extended Producer Responsibility. The aim is to incentivize manufacturers to extend the life of their products and to shift some of the environmental costs associated with product disposal from the consumers and the environment to the producers themselves. – Read More on TFL
3. Gucci cedes throne to Chanel in Korean used luxury market. Chanel topped the list for the January-July 2023 period, followed by Louis Vuitton, while Prada and Dior ranked No. 4 and No. 5, respectively. – Read More on KED Global
4. Luxury Bets on China’s Wealthy Shoppers to Maintain Growth. According to Bernstein, due to a 30 percent pricing difference and tax-free incentives, Chinese shoppers will allocate 50 percent of luxury spending abroad — but this is below the 70 percent before the pandemic. – Read More on Yahoo
5. Why Banned Cotton From China Is So Hard to Keep Out of the U.S. The U.S. has banned many cotton imports from China over concerns it is harvested by forced labor in Xinjiang, but the complexity of the global supply chain might explain much of the cotton is still making its way to the U.S. – See More on the WSJ
6. Luxury Retailers Neiman Marcus and Saks Fifth Avenue Discuss Potential Merger. This potential merger comes as Neiman Marcus has been actively seeking a buyer due to a downturn in its business. – Read More on PYMNTS