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Image: Balenciaga
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1. Luxury Sneaker Markets Are a Preview of Capitalist Dystopia: The burgeoning sneaker resale industry is a vast economic machine generating buyers and sellers, investors and authenticators, culture and journalism. Sneaker markets show us the current state of capitalism in microcosm — and give us an excellent idea of where it’s headed. – Read More on Jacobin

2. Video games are the new runway: The video game business is small compared to the apparel market. Data research firm Statista said that with a projected decline of nearly 29% from last year, U.S. apparel revenue will total almost $256 billion in 2020. However, the U.S. games industry is one of the strongest sectors in the pandemic economy. – Read More on LA Times

3. RETRO READ: With the Video Game Market on Track to Reach $300 Billion, Luxury Brands Want to Make Real Money from Virtual Clothes. Given the ever-escalating growth rate, and the high levels of engagement that come hand-in-hand with these popular games and the related real-life events, it is not terribly surprising that brands are looking to video games. – Read More on TFL

4. Sustainability Must Mean Decolonization: Conscious consumerism is important. However, the onus of ethics shouldn’t be solely on the individual, but rather on the industry. We must question the systems and structures that set the conditions for the fateful day of the Rana Plaza tragedy. – Read More on State of Fashion

5. Why Amazon is failing to sell luxury fashion but Alibaba is succeeding: Amazon – with its bland interface and focus on the mass shifting of products – has made money from being practical and reliable, but it has never been in the business of making dreams come true. “That’s mostly because Amazon is a transactional marketplace, where the product brand is less important than the marketplace brand.” – Read More on SCMP

6. Reality TV engagement becomes more real amid pandemic innovation: The pandemic is also advancing production technology. News and reality shows that were once filmed and produced in-person are now seeing highly virtualized workflows. And capital expenditures are being funneled away from physical assets to the virtual. – Read More on S&P Global