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Image: Ferragamo
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1. Resale services startups like Archive and Trove are trying to target high-end brands: While apparel brands may want a piece of the resale pie, the model can prove both expensive and logistically challenging for brands used to selling only new items. Deciding where to store product and how to build a site infrastructure for lower quantities of more varied products are potential pain points. – Read More on Modern Retail

2. Ferragamo’s sales grow 31.4% in 2021: Sales at Italian luxury group Salvatore Ferragamo rose by 31.4% last year, in line with market expectations, although they are still far below pre-pandemic levels. – Read More on Reuters

3. Going fur-free is the newest form of virtue-signaling in fashion: Moncler and many of these brands were barely using fur to begin with. A Moncler spokesperson said the brand “makes limited use of fur in its garments mainly for edges, trims, collars,” declining to provide detailed figures. – Read More on Quartz

4. A metaverse with Chinese characteristics is a clean and compliant metaverse: Experts say China’s metaverse efforts lag countries such as the United States and South Korea, citing less investment by domestic tech giants. But interest has begun to surge. – Read More on Reuters

5. Levi’s Says Casual Trend, Baggy Jeans, Larger Waistlines Driving Denim Demand: The fact that Levi’s has been able to leverage its strong brand equity and pricing power to implement 7% average price increases that are sticking — with plans for additional hikes this year — has helped the retailer offset inflationary pressures. – Read More on PYMNTS