Daily LInks
1. Klarna’s Valuation Set to Slip, Bringing Fintech Star Down to Earth: “The U.S. is soon to be our largest revenue market globally, and growth there continues to accelerate quickly with both retail partners and consumers. We have invested heavily in the U.S. and will continue to do so.” – Read More on the WSJ
2. Here’s what China’s e-commerce giants are telling us about the economy: “Online retail growth is likely to be slower this year than in 2020 and 2021, and its gain in penetration rate may be weaker than the average of 2.6 [percentage points] during 2015-2021.” – Read More on CNBC
3. Shop ’til you drop means on all retail channels now: Nike is also combining its online and offline channels. Products purchased online can be returned or picked up from offline stores. Meanwhile, some brands are beefing up online services to make offline shopping more convenient. – Read More on Korea JoongAng Daily
4. Zara’s new line is just more greenwashing: “Any carbon emitted through sea or air transportation of materials and products cannot be captured and will therefore continue to be released into the atmosphere as emissions.” – Read More on Euro News
5. How current global trends are disrupting the fashion industry: “Despite a looming recession and rising inflation, we see that consumers have a desire to spend on fashion. The problem is that energy bills will continue to increase, and we don’t know how long the Russia conflict [last].” – Read More on McKinsey
