Image: Decentraland

1. Americans Shrug Off Inflation with Some Retail Therapy: retail sales surged 3.8% in January, the most in 10 months and well above the 2% median estimate of economists surveyed by Bloomberg. – Read More on Bloomberg

2. Looking good in the metaverse. Fashion brands bet on digital clothing: “There’s only one metaverse, but there are many metaworlds just like within the internet you have many websites. And it’s not only virtual, it also encompasses the physical world. It’s the convergence of the physical and the digital.” – Read More on NPR

3. Hasbro and Mattel have very different visions for the future: Mattel is projecting that consumers will accept new price increases and continue to buy at the same volume and velocity that they have been doing during the pandemic. – Read More on CNBC

4. Saks Shows up Fashionably Late to Raging TikTok Party: After an initial drop of nine videos fronted by four content creators, the Saks TikTok page had collected about 1,500 followers, received 1,300 likes and had nearly 20,000 views in its first day. – Read More on PYMNTS

5. China adds more companies to an industry body designed to develop the country’s metaverse: On Wednesday, the state-backed China Mobile Communications Association’s metaverse committee added another 17 companies. A total of 112 companies or individuals are in the industry body. – Read More on CNBC