Daily LInks
1. There has been ‘10 years of innovation in 10 months,’ retail body says: “You buy online, you pick up in the store. There’s curbside pickup, now you can return products that you buy online, you can return them into the stores. That seamless integration is really becoming the rule, it used to be the exception and we’re going to see a lot more of that.” – Read More on CNBC
2. Can Nike keep its cool? It’s been a tumultuous period for Nike.” The result is one of the most challenging moments in the company’s history. It must contend not only with a radical shift in retail strategies but also the wider cultural reckoning with the intersection of race, gender and power. – Read More on the FT
3. LVMH’s jewelry and watches business: The deal, first announced more than a year ago, will help LVMH, owner of brands such as Louis Vuitton and Bulgari, to expand in jewelry, which has been one of the fastest-growing parts of the luxury goods market. – Read More on Reuters
4. RELATED READ: A Timeline Behind the Building of the World’s Most Valuable Luxury Goods Conglomerate. Since Bernard Arnault first acquired Christian Dior by buying out its parent company Boussac in 184, he has spent billions of dollars and worked doggedly to amass no less than 70 luxury brands under the umbrella of the group that is now coined LVMH Moet Hennessey Louis Vuitton. – Read More on TFL
5. U.S. Unemployment Claims Remain Elevated While Consumer Demand Boosts Goods Imports: Job losses in the past year have been particularly severe among lower-earning restaurant, hotel and mall-retail workers. Meanwhile, workers in other areas were more likely to shift to working from home and have maintained incomes to help drive demand for goods, while spending less on dining out, travel and other services. – Read More on the WSJ
6. The 20 Data Points That Defined 2020: 25% – The percentage of the public that on average currently feels comfortable doing a number of leisure activities, from dining out to going to the mall. Comfort levels have not changed dramatically in recent months, but the vaccine will likely turn the tide. – Read More on Morning Consult