Daily LInks
1. Alarming amount of unsold goods: 4.7 billion in the warehouses of LVMH and Kering. According to the financial statements 2023, LVMH had 3.2 billion euro of unsold goods in warehouses: they were 2.7 billion in 2022. – Read More on La Conceria
2. The Influencers Getting Paid to Promote Designer Knockoffs From China. A wave of social media influencers serves as the public face of an elaborate new counterfeiting economy that connects Western buyers to fast-growing Chinese sites that act as a go-between for shopping marketplaces stuffed with fakes usually sold only inside China. – Read More on Wired
3. RELATED READ: A Growing Problem on Social Media? The Rise of the “Dupe Influencer.” A growing number of influencers are using their social media accounts to promote counterfeits online, with these self-proclaimed “dupe influencers” generating millions of views, likes, and shares by way of content that facilitates the advertisement and sale of counterfeits. – Read More on TFL
4. Fast Fashion Shop Shein Set to Face EU Scrutiny Under Digital Content Rules. Shein will soon be designated under the EU’s Digital Services Act, which requires online marketplaces trace the sellers on their platform, add methods for customers to flag illegal content and randomly test for illegal products. – Read More on Bloomberg
5. After earnings blow out, CEO explains how Gap is “reigniting” its brand. “We’re using music, we’re using fashion as entertainment, and we’re taking basic product—linen, denim, wovens, pants—and we’re amplifying the narrative around these categories and driving share growth.” – Read More on CNBC
6. Investors push Zara owner Inditex to publish full supply chain. Inditex is an outlier among big clothing retailers in not publishing which factories it sources from. Regulators and investors want greater transparency and better disclosure from companies. – Read More on Reuters
