Daily LInks
1. Neiman Marcus Earnings Hit by Steep Discounts, Softer Demand: “Gross margins are challenged due to the highly promotional environment and our own levels of excess owned inventory, which will be back in balance by the end of the fiscal year.” – Read More on Yahoo
2. Consumer fatigue aside, luxury brands still jacking prices: The brands have upped their prices under a marketing strategy to retain their image during the Covid-19 pandemic, but now the prices are rising to make up for the fact that market growth for luxury brands is slowing down globally. – Read More on Korea JoongAng
3. The “Last Mile” in Well-Being and Sustainability: To create a more sustainable future, we need to shift our focus beyond the initial stages of production and address the crucial “last mile” – where consumers also adopt sustainable practices. – Read More on INSEAD
4. ‘Greenwashing’ lawsuit against KLM to proceed, Dutch court rules: A Dutch court on Wednesday allowed to proceed to the next phase a civil suit brought by environmental groups against KLM for commercials that allegedly misled consumers about the airline’s environmental credentials. – Read More on Reuters
5. CEOs Are Rethinking Their Stands on Social Issues. “Not every investor or customer or employee wants a company to speak out. But there is a big enough contingent that do. And in some cases, many executives feel like they don’t have a choice, or in some cases they want to be vocal and out front on issues.” – Hear More on the WSJ
6. Publishers’ group warns that generative AI content could violate copyright law: “Most of the use of publishers’ original content by AI systems for both training and output purposes would likely be found to go far beyond the scope of fair use as set forth in the Copyright Act and established case law.” – Read More on Marketing Brew
