Daily LInks
1. Goldman Strategists See Stronger US Consumers Boosting Luxury Stocks. After slumping last year on concerns around subdued demand in China — a big market for the likes of LVMH and Burberry Group Plc — luxury stocks have rebounded in the past few weeks on signs of resilient earnings. – Read More on Yahoo
2. US court weighs Bulleit brand’s fame in whiskey-bottle trademark fight. The 3-judge panel expressed some skepticism of Deutsch’s argument that a higher degree of fame was required to justify a lower court’s 2022 decision that Deutsch’s Redemption whiskey bottles must be redesigned because they diluted Diageo’s Bulleit trademark rights. – Read More on Reuters
3. How ‘Buy Now, Pay Later’ Apps Are Changing as They Mature. Originally aimed at Gen Zers and Millennials, retirees and others on fixed incomes have become some of the fastest growing users of the apps, while high interest rates have killed off some entrants into the field. – Read More on Bloomberg
4. RELATED READ: What Brands Need to Know Now That BNPL is Under the Regulatory Microscope. This rapid rise in popularity of BNPL products is yet another example of innovation outpacing regulation in the retail world. Today, aspects of the BNPL sector remain unregulated and exempt from the consumer credit regime. – Read More on TFL
5. Popular online retailer Temu facing a class-action lawsuit in Illinois over data privacy concerns. The lawsuit alleges Temu violates its customer’s privacy rights by collecting private data and using “deceptive” and “unscrupulous” practices to access that data. – Read More on CBS
6. OpenAI GPT trademark application for registartion denied. “Registration is refused because the applied-for mark merely describes a feature, function, or characteristic of applicant’s goods and services.” – Read More on Boing Boing
