Daily LInks
1. Inflation trap looms for British retailers: Rising inflation is the big cloud on the horizon for the global economy, as supply chain disruption, higher energy costs, labor shortages and post-lockdown demand pushes up prices at rates not seen for decades. – Read More on Reuters
2. Omicron variant likely to fuel inflation, as Americans keep shopping rather than dining out and traveling: “People who stay at home because of the variant are more likely to spend their money on retail goods rather than services. That would put further pressure on inflation since supply chains are already overloaded across the globe.” – Read More on CNBC
3. At CES 2022, metaverse is built by small players, but Meta’s influence looms: On the convention floor, metaverse technologies — such as virtual reality, augmented reality, 5G and blockchain — have played a major role and will continue to do so in the years to come. But a generalized consensus of what the metaverse is has yet to be fully realized. – Read More on S&P Global
4. How Secondhand Luxury Platforms Can Win in China in 2022: Global players are poised to benefit even more in China as its collector class grows in size and influence. StockX CEO Scott Cutler noted “strong synergies between our core sneaker enthusiasts and those customers who are passionate about apparel, accessories, collectibles, and gaming.” – Read More on Jing Daily
5. RELATED READ: China’s Luxury Resale Segment is Expected to Grow into a $154 Billion Market. Accounting for just 5 percent of its overall market for luxury goods as of 2020, China’s luxury resale segment may be in its infancy – and still in the process of shedding a largescale consumer aversion to pre-owned products – but the University of International Business and Economics and Isheyipai report foresees that changing, with the industry ultimately expected to scale to 1 trillion yuan ($154.6 billion). – Read More on TFL
6. Flush With Q4 Cash, Retailers are About to Embark on Inventory IT Spending Spree: Where talk in the past focused on integration and omnichannel cohesion between stores and eCommerce, retailers are said to now be expressing a much more urgent need to have a “universal set of capabilities” that can deliver a good consumer experience no matter what the channel. – Read More on PYMNTS
