Daily LInks
1. Flush With Cash, Chinese Tourists Will Boost Spending in Fashion Capitals: Trip.com said that Singapore was the fastest-growing of all the destinations, with flight bookings leaping six-fold, followed by an average 400% jump in airline ticket orders. Bookings for long-haul flights to the UK, the U.S. and Australia also increased. – Read More on PYMNTS
2. The 10 biggest U.S. retail bankruptcies in 5 years: A Bed Bath & Beyond bankruptcy filing would add to a list of high-profile collapses of retailers who struggled, especially during the pandemic, to compete with big-box retailers and online buying. – Read More on Reuters
3. RELATED READ: Retail Woes – A Running List of Fashion & Retail Bankruptcies. Here is a look at some of the most recent fashion-related bankruptcy filings, as well as some significant ones dating back a bit further. – Read More on TFL
4. Fashion brands paid Bangladesh factories less than cost – report: A survey of 1,000 factories found many were paid the same prices as before the pandemic two years ago – despite soaring costs of materials. One in five said they struggled to pay Bangladesh’s £2.30 a day minimum wage. – Read More on BBC
5. Rolls-Royce rides ongoing luxury demand to sales record in 2022: Rolls-Royce’s sales were led by the Americas, with the U.S. remaining its top market with around 35% of sales. In China, the carmaker’s second-largest market, coronavirus-related lockdowns led to a “single-digit drop” in sales. – Read More on Reuters
