;
Image: Yeezy Gap
Share

1. Retailers seek real-world profits in the metaverse: Instead of having stores in every city, a major retailer might build a global hub in the metaverse that is able to serve millions of customers. “How you present yourself or how you allow your brand to be utilized in this environment is critical.” – Read More on the FT

2. OPINION: The Metaverse is a Dead-end for the Fashion Industry. We have to ask whether acquiring digital clothing is a sincere move into the future, or simply the behavior of a few opportunistic players wanting to cash in on the latest digital hobbyhorse. – Read More on Newsweek

3. Yeezy x Balenciaga Collection Is Gap’s Second Chance at Luxury: Yeezy Gap Engineered by Balenciaga is the latest drop from Yeezy, the apparel business of Kanye West, now known as Ye, with eight items available on YeezyGap.com and Farfetch. – Read More on Bloomberg

4. Agility or Cost Advantage: A Supply Chain Dilemma for the Fashion Industry. Fashion retailers must now shift focus and bring permanent changes to their supply chain strategies to build resilience, avoid inventory pile-up and streamline operations. – Read More on EuroMonitor

5. Allbirds shares fall as sneaker retailer reports widening losses, despite 23% jump in sales: Retail store openings and the bulking up of its headcount led to higher expenses year over year, the company said. Other headwinds included logistics costs and temporary labor shortages due to the Covid-19 pandemic. – Read More on CNBC

6. Estée Lauder Suspends Executive John Demsey After Backlash Over Instagram Post: Mr. Demsey’s posts include fashion images and numerous memes poking fun at heiresses, celebrity women who date younger men and poorly applied eyeliner, to jokes about being unmotivated and depressed. – Read More on the WSJ