Daily LInks
1. Why Retailers Fail to Adopt Advanced Data Analytics: Advanced analytics have been available to businesses for years and are getting better all the time, but with a few big exceptions most retailers still use very basic tools. They do this even though they understand the advantages that analytics have given their competitors. – Read More on HBR
2. Chinese E-Commerce Flourishes on U.S. Soil: Chinese e-commerce apps are making a play for Americans shopping. Affordable prices and clever use of social media have worked wonders for growth. But profitability might be harder. And political risks are still lurking in the background. – Read More on the WSJ
3. Tradition & Innovation Collide at Decentraland’s Metaverse Fashion Week: Dolce & Gabbana, Tommy Hilfiger, COACH, adidas, DKNY, Vogue Singapore, Monnier Paris, DUNDAS, Phygicode Dress in collaboration with Rubin Singer, and others lead an all-star lineup at Metaverse Fashion Week 2023. – Read More in Press Release
4. Adidas has $500 million worth of Kanye West sneakers and no good options: “What makes this so dramatic is how big it is,” said Wedbush analyst Tom Nikic, noting that the Yeezy brand was doing nearly $2 billion a year in revenue. “That’s really a big, substantial part of [Adidas’s] business — and the abruptness with which it happened” is also remarkable. – Read More on Washington Post
5. Farfetch Aims to be at Center of Luxury Brands’ Shift to Digital: The increased focus on its first-party customer data is of increasing value to brands “especially in light of increased privacy restrictions that have reduced the ability to attribute marketing performance in the overall marketing landscape.” – Read More on PYMNTS
6. Generative AI’s money game: It seems logical that if AI can conduct conversations and produce images, companies will figure out how to use it to build revenue and profits — but there’s no guarantee, and the technology could also become a money sink for early adopters. – Read More on Axios
