Daily LInks
1. Greenpeace says “recycling is a myth for clothing.” 93% of all reprocessed textiles come from plastic bottles and not from old clothes, meaning they still use fossil fuels, and the European Commission says less than 1% of fabric used to produce garments is converted into new clothing. – Read More on SCMP
2. Generative AI Pushed Cyber, Business Teams Closer at E-Commerce Giant Zalando. At the same time, security and other legal risks related to generative AI have been a focus for executives even as they push to experiment with the technology to create new products. – Read More on WSJ
3. The race to regulate e-commerce is just beginning. In the U.S., for example, lawmakers have proposed legislation that would lower the de minimis dollar amount (currently $800) under which e-commerce retailers can import goods duty-free and restrict certain non-market-economy countries from taking advantage of simplified trade processes. – Read More on Reuters
4. Three Shipments Yield Fake Luxury Merchandise and Jewelry with an MSRP of over $1.2M. A third shipment originating from China contained 240 units of sunglasses bearing trademarks owned by Cartier, Louis Vuitton, and Versace. The merchandise was determined to be inauthentic, such that the logos constituted counterfeit marks. – Read More on CBP
5. Luxury slowdown will continue into 2024, Gucci owner Kering says. At Gucci, full-year revenue fell by 6% to €9.87 billion, while sales at Yves Saint Lauren were down by 4%. Revenue also declined at Bottega Veneta and Kering’s other clothes-led houses like Alexander McQueen. – Read More on Yahoo
6. Amazon’s Newest Competitors Are Stepping Into Its Territory—Literally. Fast-fashion company Shein and TikTok’s shopping unit are expanding in Amazon’s territory, seeking to poach Amazon’s employees and building out workspaces in the same Seattle-area office tower. – Read More on WSJ
