Daily LInks
1. Amazon’s Big Secret. The FTC contends that Amazon’s e-commerce business is, in fact, “enormously profitable.” The resolution is likely to figure heavily in whether the judge finds that Amazon is merely a benevolent retail giant or a destructive monopoly. – Read More on the Atlantic
2. Hermès, Chanel, LV hike prices in China despite economic headwinds. “In certain categories we are still seeing consumers pursuing so-called ‘consumption upgrades.” This is when consumers are willing to spend more when product quality is a top purchasing consideration. – Read More on Jing
3. RETRO READ: Inflation, Positioning & China: A Dive into Luxury Brands’ Price Increases. The enduring price differentials between China and other markets could lead to potential issues down the road, as Chinese consumers have significantly boosted their spending on the mainland. – Read More on TFL
4. UK Fashion Boom: Over £73 Billion Spent on Clothing and Footwear in 2022. The United Kingdom’s expenditure on clothing and footwear surged to over 73 billion British pounds in 2022, highlighting significant market size and trends. – Read More on BNN
5. Facebook, Free Speech and the Supreme Court. Can states tell Facebook and other social sites which posts to take down and which ones to leave up. The Supreme Court hears nearly four hours of arguments on that question. – Read More on the WSJ
6. Google hit with €2.1B lawsuit from more than 30 European media companies. “Without Google’s abuse of its dominant position, the media companies would have received significantly higher revenues from advertising and paid lower fees for ad tech services.” – Read More on Politico
