Daily LInks
1. How Adidas Became the Shoe Industry’s Unwitting Racial Equality Case Study: “First, we need to give credit where it’s long overdue: The success of adidas would be nothing without Black athletes, Black artists, Black employees, and Black consumers. Period.” – Read More on Yahoo
2. What will the luxury market in APAC look like after coronavirus? “Luxury brands that have not invested into consistent brand building, to create meaningful differentiation and desirability, will have to work extra hard to win over consumers that have spent the last few months living in lockdown.” – Read More on the Drum
3. Boats, Pools and Home Furnishings: How the Lockdown Transformed Our Spending Habits: “People have a lot of purchasing power now. They’ve been at home and can’t spend for two months. No restaurants, no bars. People who go to sporting events can’t do that. They were forced to save.” – Read More on WSJ
4. Retail is on the rebound, but smaller businesses are still at risk, National Retail Federation CEO says: Retail sales are picking up again, but … “The big question will be what happens to those small, independent, those midsized companies. Can we get the rest of the economy moving quickly enough that we can bring the small businesses along?” – Read More on CNBC
5. About a third of consumers are shopping at pre-COVID-19 levels. They’re just doing it online. A Mastercard SpendingPulse report found that e-commerce sales increased by 92.7 percent in May, and research by Adobe found a surge in buy online, pickup in-store transactions in April. – Read More on Retail Dive
6. How Kohl’s is surviving retail disruption: Department stores were struggling even before the coronavirus pandemic forced many to close their doors for weeks. But Kohl’s is faring better than many rivals. Perhaps most closely watched is its program that allows Amazon customers to return items to Kohl’s stores for fast and convenient refunds. – Read More on CNBC
