1. Metaverse fashion show held in Korea: The Ministry on Trade, Industry and Energy expects the digital fashion for metaverse, or so-called meta fashion, to be the next big thing for the textile industry. – Read More on Korea Joongang

2. NFTs, on the Decline Elsewhere, Are Embraced by Some Museums: ICA Miami owns a few, and M.F.A. Boston and others are selling them to reach new audiences “in a world where Instagram and Siri are prevalent.” – Read More on the New York Times

3. $10M bust of luxury knock-offs in Lower Manhattan: Police said they filled three trucks with thousands of items that were fake Louis Vuitton, Burberry, Gucci, Balenciaga, Prada, Dior, Rolex, and Yves Saint Laurent.  Among the seized items were purses, backpacks, shoes, sunglasses, and watches. – Read More on Fox5

4. How Much More Would Holiday Shoppers Pay to Wear Something Rare? “Too much of a thing and it becomes a commodity, too little of a thing and it becomes something that’s not even recognized when you walk down the street.” – Read More on HBS

5. H&M to Lay Off 1,500 Staff to Stem Rising Costs: H&M, like other retailers, is grappling with a period of uncertain consumer demand in many big markets at a time when its profit margin is coming under pressure from higher raw-material and freight costs. – Read More on the WSJ