1. Luxury Brands Follow Chinese Shoppers Back Home: Luxury brands are signing leases of up to eight years in China, more than double the average length in Asia. That reflects the conviction that the local-spending trend will stick, as well as intense competition between labels for the choicest locations. – Read More on the WSJ
2. Here’s why these 7 U.S. mall owners, including Simon, are in trouble, S&P warns: Higher percentage of anchor tenants (namely department stores) that have declared bankruptcy this year; lower building permit activity; falling foot traffic; degree of leverage; cash flow; and the overall proportion of tenants that have filed for bankruptcy. – Read More on CNBC
3. Christian Siriano’s latest design is a logo: Siriano has partnered with the online resale marketplace ThredUp to design what it hopes will become a universal logo for secondhand clothing. “The fact that luxury brands are partnering with resale sites signals an openness to ushering secondhand into the mainstream fashion industry.” – Read More on Fast Co.
4. With the spike in online shopping comes a spike in consumer data. What are retailers doing with it? “A lot of retailers were really concerned about future proofing,” he said. “The law caused a lot of companies to pivot to be safer from a privacy perspective and develop their own information instead of collecting it from a third party.” – Read More on NBC
5. RELATED READ: As Consumer Data Becomes Increasingly More Valuable to Companies, Is it Time for a Comprehensive U.S. Privacy Law? The real focus for data protection should be on how data is used and shared. Some uses might be permitted, some might be prohibited. Then people could focus more attention on the hard areas in between. – Read More on TFL
6. The Omnichannel Dilemma: How Retailers Can Get It Right. “A key change is the volume and the speed of data that the companies can access from these customers, and how companies inform their creativity and new product development process based on this new volume of data. I think that these two aspects, the idea of learning not only from customers but from the non-customers, and the volume and speed at which the companies receive the data, are really critical in this new process.” – Read More on Knowledge@Wharton