Daily LInks
1. Nike Expects Sales To Decline This Year As Turnaround Plan Continues. Nike forecasts a drop in sales for the year as it continues to implement its turnaround strategy, focusing on improving profitability and operational efficiency. – Read More on Business Insider
2. AI Surges As Luxury Goods Push Personalization. The luxury goods sector is increasingly leveraging AI to enhance personalization, driving a surge in the technology’s adoption and transforming customer experiences. – Read More on IT Online
3. Levi Strauss Insourced Logistics Network From Third-Party Providers In Q2. Levi Strauss has brought its logistics network in-house, moving away from third-party providers to streamline operations and improve efficiency in the second quarter. – Read More on Fashion Dive
4. Sainsbury’s Boss Calls For Closure Of Loophole In UK Import Duty. The CEO of Sainsbury’s has urged the government to close a loophole in UK import duty that is impacting the retail sector, emphasizing the need for fairer competition and regulatory adjustments. – Read More on Reuters
5. Dior And Armani Address Labor Issues In Their Italian Supply Chain. High-end fashion brands Dior and Armani are taking steps to tackle labor issues within their Italian supply chains, focusing on improving working conditions and ensuring ethical practices. – Read More on The Wall Street Journal
6. Luxury Food Industry Takes Cues From Fashion’s Playbook. The luxury food industry is increasingly adopting strategies from the fashion world, including brand storytelling, exclusivity, and high-profile collaborations to attract discerning consumers. – Read More on Vogue Business
7. Collapsed Aussie Fashion Label Popular With A-List Celebs Owes $35M. The Australian arm of luxury apparel brand Dion Lee Enterprise has collapsed, leaving a debt of $35 million and highlighting the challenges faced by the retail sector. – Read More on News.com.au
