Daily LInks
1. Can J.Crew make a comeback? It was not too long ago that its clothing was plastered across the pages of fashion and political news media on the daily with First Lady Michelle Obama as one of its biggest fans. Now, post-Chapter 11 bankruptcy, CEO Libby Wadle, says that the plan is not to tap into the Gen-Zs or focus on more formal office clothing (which J.Crew has been known for), but to go back to basics. – Read More on Fortune
2. Eurozone Retail Sales Rebounded in May Amid Reopening of Economy: Eurozone retail sales grew in May, reversing the losses registered in the previous month, signaling that the reopening of non-essential shops in several countries gave an impulse to the region’s economic recovery. The volume of retail sales rose 4.6% in May compared with April, slightly more than the 4.2% rise expected by economists. – Read More on MarketWatch
3. Luxury Brands Are Embracing Circular Fashion: “We don’t want people to end up buying more new clothes because they know that there’s an active market for their cast-off things. The notion that one can invest in one’s wardrobe over a lifetime is a part of the origin of luxury, and if fashion can return to those roots it would do an incredible service to creating an industry that exists and thrives within planetary bounds.” – Read More on Harper’s Bazaar
4. Despite online growth, stores will still account for three-fourths of retail sales in 2024, Forrester says: While much of the spending online was driven by pandemic concerns, many analysts expected a good chunk of last year’s growth to stick with many consumers becoming more accustomed to buying digitally. That includes categories, like food and home, that have remained relatively under-penetrated. – Read More on Retail Dive
5. Post-quarantine retail therapy: teeth whitener, wigs and … camping gear: In May, sales of eye makeup, teeth whitener kits, false eyelashes and lipstick were up at least 20 percent compared to a year ago, according to NielsenIQ analytics. – Read More on NBC
