Daily LInks
1. Is China’s Affordable Luxury Market Dying? The affordable luxury market showed impressive potential in China over the past few years. But market experts question the future of this sector in the post-COVID-19 era. – Read More on Campaign Asia
2. Online thrift store Poshmark CEO sees fashion shift as consumers ‘purge’ closets: As interest in in-person social activities picks up in the warmer months, bikini and jean short sales have roughly doubled on the consignment site. And as many employers call staff back to the office after about a year of remote work, sales of work dresses are up 30%. – Read More on CNBC
3. Bank of America hails a ‘new era’ of online shopping: The bank’s analysts picked European stocks set to benefit from new business models such as marketplaces like Farfetch that help them access “vast” numbers of new customers overnight, calling such firms “pioneers” in the space. – Read More on CNBC
4. Luxury Watches Are Badly Set for Investors: Exports of watches priced above 3,000 Swiss francs, equivalent to around $3,280, have almost recovered to pre-Covid crisis levels, while those that sell at between 200 francs and 500 francs were down 40%. – Read More on the WSJ
5. Will conversational commerce be the next big thing in online shopping? The pandemic gave all such apps a fillip. Messaging on Instagram, Facebook’s photo-sharing app, and on Messenger rose by 40%. Four-fifths of mobile-device time is now spent on chat apps. – Read More on the Economist
