Daily LInks
1. Retail industry legislation and policies to watch in 2023: From credit card swipe fees, to long-awaited rules around data privacy, retail interests are going to be eyeing proposals at the state and federal levels. Some policies have the potential to broadly change retail practices across sectors. – Read More on Modern Retail
2. RELATED READ: Regulating the Industry – A Running Tracker of Fashion-Focused Legislation. The U.S. is seeing a rise in fashion-centric legislation that is worth keeping an eye on. Here is a running list of key domestic legislation worth keeping an eye on. – Read More on TFL
3. Lidl, Zara’s owner, H&M and Next paid Bangladesh suppliers less than production cost: In a survey of 1,000 factories in the country producing clothes for UK retailers, 19% of Lidl’s suppliers made the claim, as did 11% of Inditex’s, 9% of H&M’s and 8% of Next’s. – Read More on the Guardian
4. LVMH Stock Rises to New Record After Leadership Reshuffle: LVMH’s shares have been on a tear this year, rising 13% as the post-pandemic sales boom continues for luxury goods. China’s reopening is likely to further boost demand for LVMH brands such as Christian Dior and Louis Vuitton. – Read More on the WSJ
5. Hong Kong set to shortlist crypto tokens for retail trading: Hong Kong securities watchdog will propose a subset of tokens it would allow for retail investors’ trading, its chief executive said on Wednesday, as it presses on with a new regulatory regime that will make the city more friendly to crypto startups. – Read More on Reuters
6. With Many Retailers Offering Online Sales, Phony Sites Blend In: Toward the end of 2020 and beginning of 2021, footwear brand Rothy’s was “easily dealing with hundreds of fake websites per month,” a company spokeswoman, said. – Read More on the New York Times
