;
Image: Unsplash
Share

1. Boohoo shares bounce back after pledge to improve factory conditions: Shares in Boohoo Group rebounded more than 27% on Thursday after analysts and investors were reassured by the online fashion specialist’s plan to clean up its supply chain. – Read More on the Guardian

2. To keep shoppers coming back, Nike is testing a new experiential store format: As part of Nike’s plan to increase the percentage of its sales that come from its direct-to-consumer business, the company has been opening a slew of new stores in order over the past couple of years to boost sales. Now, the company is unveiling a new retail format – Nike Rise – that it hopes will make its stores a more regular destination for shoppers. – Read More on Modern Retail

3. Amazon Settles Allegations of U.S. Sanctions Violations: Amazon accepted and processed orders of consumer goods and services for individuals and entities located in regions under U.S. sanctions, such as Iran and Syria, or that had been blacklisted by the U.S., such as designated as drug traffickers, global terrorists or proliferators of mass destruction weapons, according to the settlement agreement. – Read More on WSJ

4. Black-owned businesses report boost in sales and interest on Blackout Day: Black- and minority-owned business owners were hardest hit during the Covid-19 pandemic. The number of active business owners nationwide fell by 22 percent from February through April, but Black-owned businesses experienced an outsized impact, with a 41 percent drop in working business owners. Latino business owners fell by nearly a third, and Asian-owned businesses fell by 26 percent. – Read More on CNBC

5. Ferrari Just Lost the Trademark Rights in the Design of its Most Iconic Car: Ferrari lost its trademark to the shape of the 250 GTO by running afoul of the European Union Intellectual Protection Office’s “Use It Or Lose It” rules, which mandate that trademark owners must use and enforce their trademarks or lose them. – Read More on Forbes

6. RETRO READ: 3-Stripes, Big Macs, and the European Union’s “Use it or Lose it” Rule. As well as showing that even the largest multi-national corporations are not immune to trade mark actions, this case also shows the importance of sorting and selecting specific pieces of evidence which relate to the case in question, as opposed to taking the “kitchen-sink” approach and merely submitting any evidence which appears to be vaguely relevant to a case. – Read More on TFL