Image: Target

1. Why Luxury Brands Will Keep Their Pandemic Playbooks: The industry is noticing “the strength of luxury in the United States, where a few years ago people were only pointing at China and Asia as the growth trajectory,” John Idol, CEO of Versace parent Capri Holdings Ltd., said recently. – Read More on Bloomberg

2. US e-commerce sales set to maintain pandemic-fueled heights into 2022: U.S. e-commerce sales are on track to exceed $1 trillion for the first time next year, as sales growth plateaus but total purchases remain far above pre-pandemic levels. – Read More on S&P Global

3. Target CEO addresses omicron, wages and shopper habits: “I expect stores will continue to be really important going forward [even if] Americans have learned how to use their smartphones and tablets to shop online. And I think we’re seeing all cohorts embracing both shopping in-store and using our same day services.” – Read More on the AP

4. China’s buy now pay later market is growing — but challenges remain, experts say: A few factors are fueling the “perfect storm” for the growing trend, according to Tuli. They include unprecedented low interest rates, the rise of online payment through “super apps” like Alipay and WeChat and extremely well-funded fintech start-ups eager to acquire new customers. – Read More on CNBC

5. Workers go hungry as Indian suppliers to top UK brands refuse to pay minimum wage: More than 400,000 garment workers in Karnataka have not been paid the state’s legal minimum wage since April 2020, according to an international labor rights organization that monitors working conditions in factories. – Read More on the Guardian