1. Russia’s McDonald’s successor applies for trademark in Kazakhstan: Vkusno & tochka, the Russian successor brand to McDonald’s has applied to have its trademarks registered in neighbouring Kazakhstan following the U.S. company’s exit from its market, the Kazakh government said. – Read More on Reuters

2. Allbirds Says eCommerce-Only Model Limits D2C Brands’ Growth Potential: “Being purely D2C can hinder long-term potential because reach is limited. Brands must meet consumers where they are.” – Read More on PYMNTS

3. How the young spend their money: They have thin wallets and expensive tastes. They prize convenience and a social conscience. They want shopping to be at once seamless and personal. They crave authenticity while being constantly immersed in an ersatz digital world. – Read More on the Economist

4. Resale value of Gucci, Chanel, Louis Vuitton handbags is falling: According to The RealReal’s Annual Luxury Consignment Report 2023, handbag resale prices fell 20% for Louis Vuitton, 17% for Gucci, 10% for Hermès and 9% for Chanel over the past 90 days. – Read More on CNN

5. Thinx settled a lawsuit over PFAS chemicals in its period underwear: Class members were notified of the settlement this week. As part of it, Thinx has committed to paying up to $5 million to provide reimbursement as well as making some changes to its marketing and production processes. – Read More on NPR

6. Fashion retailer Shein in talks to raise funds at lower valuation of $64 bln: The latest valuation would be nearly 36% less than the $100 billion the company was reportedly valued at in a funding round last year. – Read More on Reuters