Image: Shein

1. What will we wear in the metaverse? “There are more and more ‘second worlds’ where you can express yourself (but) there is probably an underestimation of the value being attached to individuals who want to express themselves in a virtual world with a virtual product, through a virtual persona,” per Gucci’s chief marketing officer Robert Triefus. – Read More on CNN

2. Retail Sales Weren’t as Bad as They Looked: Excluding gas and motor vehicles, the sectors that saw the most growth in November compared with the same month last year were food services, clothing, and sporting goods, hobbies, and books. – Read More on Barron’s

3. Sotheby’s Sells $7.3 Billion in Art, Fueled by Moneyed Millennials:  The house said it sold nearly $100 million in NFTs, or nonfungible tokens on the blockchain often attached to images that exist only online. Sotheby’s sold the source code for the World Wide Web as an NFT for $5.4 million. – Read More on the WSJ

4. How Shein beat Amazon at its own game – and reinvented fast fashion: “Amazon wet the palate for online shopping, taught[Americans] how to shop online, and created the habit. Shein realized that and decided to optimize it.” – Read More on Rest of World

5. D2C Brands Buy Local, Build Local to Ease Supply Chain Woes: “We only really go abroad when we need a specific set of materials or capabilities that we can’t get in the U.S. We’re closer to our manufacturers, and that means we’ve been able to withstand some of the transportation uncertainties and cost increases involved with ocean freight.” – Read More on PYMNTS