Daily LInks
1. The Gray Market: Why the Coronavirus Proves the Art and Fashion Economies Are Different Animals. Even the most revered luxury retailers still operate as mass-market merchants. Although the runway pieces suck up most of the attention, a huge part of any major fashion house’s annual revenue comes from selling accessories normally priced between $100 and $800, along with not-much-more-expensive basics including denim and t-shirts. – Read More on ArtNet
2. Off-price retailers aren’t investing in e-commerce, but competition is growing: Instead of building out an e-commerce site, off-price retailers spend that money instead remodeling the stores where customers are already continuing to visit at a healthy pace, or open up new stores elsewhere. – Read More on Modern Retail
3. RETRO READ:New Gucci Bags at Marshalls, Céline at T.J. Maxx: Is that Legal? Brands very well may be turning a bit of a blind eye and keeping their mouths shut to such practices in order to maintain their premium positioning while reaping a benefit for their own bottom lines. – Read More on TFL
4. Are consumers finally sick of consuming? After decades of buying more clothes, shoes, books, furniture, sheets, toys, throw pillows, accessories, doodads, and thingamabobs than anyone could possibly need, have consumers gotten tired of consuming? – Read More on Fast Co.
5. Buying Clothes Doesn’t Really Make People Happy Anymore, Says Morgan Stanley: “Consumers have reached peak happiness with clothing purchases” because, as CNBC puts it, “consumers already own so many clothes.” – Read More on TFL
