Daily LInks
1. Japan retail sales up for ninth month led by tourism help: Japanese retail sales rose for a ninth straight month in November, data showed on Tuesday, as the lifting of COVID-19 border controls and the government’s domestic travel subsidy helped consumer demand. – Read More on Reuters
2. China-addicted luxury stocks cheer Beijing’s looser COVID curbs: China will stop requiring inbound travelers to go into quarantine starting from Jan. 8. News of the loosening lifted stock markets worldwide, with luxury shares in particular benefitting. – Read More on Nasdaq
3. Beam Bold advocates ‘buy less, buy better’ to supplant fast fashion with sustainable retail: Brands such as Singaporean start-up Style Theory have been tapping into a growing appetite for sustainable clothing, or circular fashion. – Read More on SCMP
4. Chinese Rush for Exit as Beijing Ends Zero-Covid and Opens Its Doors: The mixed feelings toward visitors from China also serve as a reminder that Chinese tourists are the world’s biggest source of tourism revenue, together spending about $250 billion a year on average in the five years before the pandemic. – Read More on the WSJ
5. A year of acrimonious ESG battles comes to a close with more in store for 2023: Observers say they are seeing little evidence that the 2022 anti-ESG campaign has had a chilling effect on corporate America or its investors. “I think we’re seeing the biggest appetite coming from the U.S. in terms of getting [ESG] done.” – Read More on S&P Global
