;
Image: Unsplash
Share

1. The Super-Rich Are Buying Luxury Online Like Never Before: Buyers’ price thresholds have shot far beyond anyone’s expectations. At 1stDibs, the gross merchandise value for sales of objects over $100,000 are up 60% year over year. “Demand has risen for everything we sell.” – Read More on Bloomberg

2. David’s Bridal CEO says wedding dress demand is resilient even as Covid forces smaller celebrations: Brides have shifted from poofy gowns and matching bridesmaid dresses as they opt for laid-back celebrations and destination weddings. And there’s more competition from online retailers and nontraditional ones like Reformation and Urban Outfitters-owned Anthropologie. – Read More on CNBC

3. Fashion in 2021: Major luxury fashion markets that used to depend on shoppers from overseas will lavish attention on local customers as they wait for Chinese clients to return. Loungewear’s rise will accelerate, more will consider rented or second-hand luxury, and Dior’s competition with Chanel will only deepen. – Read More on SCMP

4. How buy now pay later became an important part of holiday marketing: Companies big and small have begun adding the functionality. Neiman Marcus, for example, just announced it will begin accepting Affirm on purchases, in time for its annual Christmas Book release. Afterpay recently added Forever 21 and Levi’s. And all of these companies are featuring these new payment options as they market their holiday sales. – Read More on Modern Retail

5. U.S. bans cotton imports from China producer XPCC citing Xinjiang “slave labor.” The Trump administration expanded economic pressure on China’s western region of Xinjiang, banning cotton imports from a powerful Chinese quasi-military organization that it says uses the forced labor of detained Uighur Muslims. – Read More on Reuters