1. Why China’s luxe shoppers are shunning the West: “A lot of consumers already have the habit to purchase locally for the luxury goods. And also, given the policy of repatriation, a lot of consumption will also happen in Hainan.” – Read More on Yahoo

2. Behind the second-hand luxury watch boom: Gen Z buyers who shop sustainability, scarcity, the lure of vintage & a rise in online selling. The difficulty of buying new models is another factor. Watch brands from Rolex to Richard Mille are seeing the benefits of entering the pre-owned market. – Read More on SCMP

3. Gibson and Heritage agree to end trademark and antitrust legal battle: Heritage Guitar Inc. agreed to drop its antitrust lawsuit against Gibson Brands Inc. in a settlement that also ended Gibson’s trademark counterclaims—which a Michigan federal judge had already deemed “baseless.” – Read More on Bloomberg

4. Fashion and beauty brands turn to ‘we made too much’ sales to offload inventory: She went on to say that packaging a sale under the guise of having too much of one product is a clever and easy way to get rid of unsold merchandise without having a big to-do about it. – Read More on Modern Retail

5. Gucci Names Sabato De Sarno as New Creative Chief: More recently, Gucci’s sales growth has lagged behind some major rivals such as Louis Vuitton and Dior, both owned by luxury juggernaut LVMH. Those brands tend to appeal more to older, wealthier consumers who seek out products that are unlikely to go out of style. – Read More on the WSJ

6. ‘Vegan,’ ‘sustainable’: How to spot misleading fashion claims. “Brands are really defining sustainability based on their own interpretations [of various sustainability buzzwords] in order to justify salary, growth and profit.” – Read More on Washington Post

7. E-Commerce Retail Just Passed $1 Trillion For the First Time Ever:   E-commerce hit $1.09 trillion in the U.S. in 2022, with the last quarter accounting for $332.2 billion. A key driver?  Mobile, which grew at twice the rate of desktop e-commerce.  – Read More on Forbes