Daily LInks
1. Fast-Fashion Giant Shein Explores Becoming Online Marketplace: “The marketplace platform makes available a range of additional merchandise and shipping options, and we expect it to result in increased customer engagement and satisfaction.” – Read More on the WSJ
2. From Hermès to Chanel, restorations and repairs are being embraced by luxury brands: Many fashion houses now offer repairs on leather goods, which is not only great in terms of longevity but is ‘incredible’ when it comes to building brand value. – Read More on SCMP
3. RELATED READ: Luxury Brands Boast Warranties, Repair Services Amid Price Hikes, Circularity Push. The growing emphasis on product warranties and lifespan-extending services by luxury brands – which have traditionally been viewed as potential impediments to the volume-based model maintained by most brands, including ones in the “luxury” sphere – is being driven by a confluence of critical factors. – Read More on TFL
4. Young Adults Living with Parents Fuel Luxury Boom, Morgan Stanley Says: Recent US Census data shows that nearly half of all young adults ages 18 to 29 are living with their parents — the highest level since 1940. – Read More on Bloomberg
5. Chinese consumers wary of splurging after COVID strictures fall: Analysts don’t expect a quick, broad rebound in spending in the world’s second largest economy, as the glee that greeted the abrupt relaxations was tempered with uncertainty for consumers and businesses. – Read More on Reuters
6. Americans Flock to Europe for Holiday Shopping Binge: Spending by American tourists in the EU rose more than 40% during the week of Black Friday compared with the same period in 2019. The average transaction amount by U.S. tourists in European stores this year was 1,244 euros ($1,313). – Read More on the WSJ
