Daily LInks
1. Estee fears bigger drop in profit on uncertain China recovery: “Outside of China, the travel retail looks strong” said Evercore ISI analyst Robert Ottenstein, adding that segment recovery in the country, however, remained an important question. – Read More on Reuters
2. Inside the Race to Get Forever Chemicals Out of Raincoats: Despite years of warnings from scientists and environmental activists, many apparel retailers only recently started sussing out how to ditch PFAS in outdoor apparel and gear. But the stragglers may not be able to straggle much longer: Bans on the chemicals are coming. – Read More on Bloomberg
3. ‘De-Influencers’ Want You to Think Twice Before Buying That Mascara: De-influencing videos may steer consumers toward cheaper alternatives, also known as dupes, or discourage them from spending money in certain categories altogether. – Read More on the WSJ
4. Resale platforms like ThredUp are rebelling against fast fashion: “There’s a conflicting feeling when you’re buying that brand, if you’re very aware of the aspects behind the companies. But I do think that if people could habitually buy those things secondhand, we would see the demand go down (for new fast fashion).” – Read More on Modern Retail
5. China’s e-commerce market sees at least 89 platforms close in 2022 amid Covid-19 controls, fierce competition, weak spending: Online shopping guide websites were the hardest hit, with 32 of these platforms shut down to account for about 36 per cent of overall casualties last year in the world’s largest e-commerce market. – Read More on SCMP
