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1. China’s Cautious Consumers Offer Clues for Post-Pandemic World: “Consumers are not necessarily cautious, but they are definitely more conspicuous. The long queues outside the luxury goods boutiques in China’s shopping malls seem to confirm this observation.” Also, sales of luxury cars have trumped those of middle-of-the-road options. – Read More on Bloomberg

2. Letter from gen Z: Thrifting is the future of fashion. Gen Z, in particular, has evolved the concept of thrifting, and there are three main factors driving this phenomenon: the input from brands, the role of influencers and the creation of experiences. Underpinning all this is the shift in terminology. ‘Secondhand’ and ‘used’ descriptors have given way to ones such as ‘vintage.’ – Read More on the Drum

3. May corporate bankruptcy filings fall to lowest monthly total in nearly 4 years: In May, 27 new corporate bankruptcy cases were filed, the lowest monthly total since July 2017. As of May 31, the year-to-date total was 210 cases, a lower figure than all but two of the prior 11 years — 2015 and 2014. – Read More on S&P Global

4. RELATED READ: A Running List of Fashion & Retail Bankruptcies. On the heels of an array of retail bankruptcy filings that began to unfold over the course of the year in 2016, New York-based designer Bibhu Mohapatra and retailers The Limited, Wet Seal, and Payless all made headlines when they filed for Chapter 11 protection in early 2017. They were swiftly followed by a handful of additional filings by other retailers. – Read More on TFL

5. Inside IKEA’s Digital Transformation: “The DNA of IKEA doesn’t change, and it’s important that it doesn’t. Operating model wise, it means we’re adding data, increasing speed, using analytics in all our decision-making.” – Read More on HBR