Daily LInks
1. Coach’s Big Metaverse Test. Coach is experimenting with the metaverse to engage consumers in new ways and enhance their digital shopping experience. – Read More on Vogue Business
2. Is AI The Emperor’s New Clothes? There are growing concerns and debates about whether artificial intelligence stocks are overhyped or if it truly holds transformative potential. – Read More on Reuters
3. ReShop: The Rise of Resale Refunds. ReShop introduces a new model where shoppers can receive refunds on pre-owned items, potentially revolutionizing the resale market. – Read More on WWD
4. Supreme’s Sale to VF Corp Eyed By EssilorLuxottica, Explained. EssilorLuxottica, the eyewear group which owns Oakley and Ray-Ban, emerged as a surprise buyer for the streetwear juggernaut and even though VF Corp. sold Supreme at a loss, the deal will help ease the mounting pile of debt on the group’s balance sheet. – Read More on Business of Fashion
5. Amazon Prime Day Drives US Online Sales Up 11% To $14.2 Billion. Amazon Prime Day significantly boosted US online sales, marking an 11% increase to $14.2 billion. – Read More on Bloomberg
6. Hugo Boss Warns On Luxury Spending Cuts, Full-Year Sales Outlook. Hugo Boss cautions about potential cuts in luxury spending, leading to a revised sales outlook for the full year. – Read More on WSJ
