Daily LInks
1. Why fashion is harder than ever. “There has always been a culture of ‘scale, scale, grow, grow’, but now brands are seeing growth almost as a liability. Being too aggressive is no longer a good thing.” – Read More on AFR
2. More Chinese nationals are opting to buy luxury goods offshore, study finds. Asia without China accounted for an 18 percent share of luxury store openings in 2023 (the same as the US and one percentage point more than Europe), with Singapore and Japan leading the charge. – Read More on Macao News
3. The Strategic Advantage Omnichannel Retailers Have Over Amazon. By providing consumers with information on the environmental and social impact of home deliveries, omnichannel retailers could capture $100 billion worth of market share from Amazon. – Read More on HBR
4. The state of AI in early 2024: Gen AI adoption spikes and starts to generate value. Companies are now using AI in more parts of the business. Half of respondents say their organizations have adopted AI in two or more business functions, up from less than a third of respondents in 2023. – Read More on McKinsey
5. Gap surges as apparel maker’s turnaround strategy pays off. “While it is still early days for Gap’s turnaround plan, the Gap brand feels fresh again. It is on-trend and gaining cultural cache.” – Read More on Reuters
