Daily LInks
1. Michael Kors Eyes Further Price Hikes As UK Sales Dive. Michael Kors UK sales plunged last year as customers pulled back their spending on pricey handbags and clothes. – Read More on Retail Gazette
2. An Inside Look At Modern Global Counterfeiting And Our Best Hope For Stopping It. Brands are no longer dealing with solo actors or small operations creating knockoffs and selling them on ecommerce marketplaces. – Read More on Luxury Daily
3. AI Isn’t Coming For Your Job, But It Might Be Coming For Your Intellectual Property. Enterprises face significant security risks when employees use Generative AI (GenAI) for daily tasks, including unintentional exposure of sensitive data, copyright infringement, and ethical implications due to biases in the AI models, but implementing a zero trust GenAI data loss prevention solution with isolation can help mitigate these risks. – Read More on IT News
4. Gap, H&M, BESTSELLER, Mango: Uniting For Sustainable Fashion. Gap, H&M, BESTSELLER, DBS Bank, and Mango are collaborating to launch the Future Supplier Initiative, a financial model aimed at decarbonizing the fashion sector by sharing the costs, risks, and responsibilities of transitioning to renewable energy in garment and textile factories, with the initial program starting in Bangladesh and plans to expand to other key apparel manufacturing regions. – Read More on Sustainability Magazine
5. Adidas Shares Fall On Investigation Into China Corruption Allegation. Adidas shares fell 4% after the company announced it is investigating allegations of corruption in its China operations, which highlights the challenges of maintaining oversight in the Chinese market and could potentially hinder the company’s efforts to regain market share in the country following significant losses over the past four years. – Read More on Reuters
