Daily LInks
1. Despite the pandemic, luxury sales have been strong this year. But the big names in fashion shouldn’t let their guards down: Queues to get into Louis Vuitton stores have been snaking around the block. Waiting lists for brightly colored Rolex watches are long. Gucci sandals and Prada bucket hats are among this season’s most wanted items. – Read More on Bloomberg
2. Retailers rethink appointments as an easy bridge that can boost omnichannel sales: One retailer revealed that appointments saved their employees roughly 1,700 hours over a year because they were able to devote time to the best customers and best prospects instead of consumers who have a low chance of conversion. – Read More on PYMNTS
3. RELATED READ: Hermès Saw Surging Porcelain Sales, Increased Consumer Interest in Sustainability Amid COVID. “Now that we have started to open to the public, many of the clients still want to have an appointment and have that one-on-one time.” So, Hermès is planning to continue to accommodate clients in this way and offer appointments even after all COVID restrictions have been lifted. – Read More on TFL
4. Is the Birkin the only product that Hermès really needs? The iconic bag helped the brand outperform LVMH and Kering in early 2021 … but now it’s getting into cosmetics with Hermès Beauty. At the 2019 shareholders meeting, Axel Dumas, CEO of Hermès Group, stated that their goal is to become a comprehensive global luxury goods group, so the balanced development of various departments must surely be pleasing. – Read More on SCMP
5. Luxury goods spending spree: Why fashion firms are enjoying solid sales growth and high demand. Bernstein analyst Luca Solca reckons what was a ‘perfect storm’ for retailers last year has calmed down, and there is now “perfect sunshine for luxury goods spend.” People want to get back to more normal life, some customers have saved plenty of money during the pandemic, and many governments are pouring money into economies supporting workers. – Read More on Yahoo
6. Sustainability-linked loan supply outpaces green bonds and loans amid US surge: Global issuance of sustainability-linked loans has far surpassed that of green loans and bonds as companies in the U.S., including those in the fashion industry, rapidly embrace the instrument as an alternative to traditional environmental, social and governance debt. – Read More on S&P Global
