Daily LInks
1. The company that saved Barneys, Forever 21 while in bankruptcy says, “Apparel will be back. People are not necessarily buying less apparel, they are buying different apparel. My guess is Lululemon sales are through the roof right now.” – Read More on CNBC
2. Lululemon Posts Sharp Drop in Sales: Lululemon’s sales fell sharply in the last quarter. The company’s online business surged by 70 percent in the period, accounting for 54 percent of overall sales compared with 27 percent in the year-ago quarter, but with U.S. and European stores were closed amid the coronavirus pandemic, its surging online sales weren’t enough to offset the decline. – Read More on WSJ
3. LVMH-owned Sephora Signs ‘15 Percent Pledge’ to Carry More Black-Owned Brands: A movement spearheaded by a black creative director named Aurora James is urging major retailers to commit to devoting a set amount of their shelf space to black-owned businesses. “It starts with a long-term plan diversifying our supply chain and building a system that creates a better platform for Black-owned brands to grow, while ensuring Black voices help shape our industry. We recognize we can do better.” – Read More on the New York Times
4. Amazon’s Jeff Bezos Faces Off Against a Fearsome Adversary: The EU’s antitrust regulator plans to file a formal complaint against Amazon over the way it treats third-party seller data. The problem is that running the marketplace means Amazon can learn which products are popular and where, even when these aren’t goods that it’s supplying directly. – Read More on Bloomberg
5. RETRO READ: Is Amazon an Antitrust Lawsuit Waiting to Happen? “Amazon’s use of its Amazon Marketplace platform to gather analytics on its Marketplace partners, then to enter their markets while using its data advantage and crushing terms to overtake the space.” – Read More on TFL
6. The fashion industry is notoriously racist. Here’s how to make it more inclusive: Reese believes that the direct-to-consumer movement can help level the playing field for black designers. “There’s so much more opportunity if you don’t have to get past the traditional gatekeepers of the fashion industry.” – Read More on Fast Co.
