Daily LInks
1. Amazon is opening a real-world clothing store with high-tech fitting rooms: The first Amazon Style store, located in the Los Angeles suburb of Glendale, California, will open its doors later this year, and will feature women’s and men’s apparel, shoes, and accessories from a mix of well-known and emerging brands, with prices catering to a wide range of shoppers. – Read More on CNBC
2. Retail bankruptcies are on the decline: Retail bankruptcies plummeted by more than half in 2021, matching the lowest level notched over the past decade, potentially signaling an end to the pandemic-prompted retail apocalypse. – Read More on Axios
3. RELATED READ: A Running List of Fashion & Retail Bankruptcies. In light of an array of retail bankruptcy filings that began to unfold over the course of the year in 2016, TFL has been charting retail and fashion industry-specific bankruptcies. – Read More on TFL
4. Macron touts French fashion industry as economic motor ahead of election: “Today, when I look at figures from 2021, it (fashion) is the leading export sector of our country,” Macron told an audience of apprentices gathered at a new Chanel-sponsored site that brings luxury craft houses together. – Read More on Reuters
5. Rent the Runway Works to Swap Red for Black: RTR is tracking its garments, from brands such as Ralph Lauren, Nanushka, Jason Wu, and Lululemon, by way of radio frequency identification (RFID) tags sewn into 1.5 million items, and scanners that register when garments leave or enter the company’s warehouses. – Read More on Bloomberg
