1. An economist’s guide to the luxury-handbag market. A robust resale market provides an additional reason to buy a luxury bag. Whereas a white t-shirt is a pure consumption good, likely to be used until worn out and discarded, a fine handbag is closer to buying a car: the product is an asset that depreciates over time, yet still holds value. – Read More on the Economist
2. Why Adopting GenAI Is So Difficult. Traceability enables users to know the original source of data, which bolsters reliability and trustworthiness of the GenAI output, thereby creating a stronger foundation for informed decision-making. – Read More on HBR
3. Zara Owner Inditex Sharpens Its Look to Fend off Shein and H&M. The company said it will incur an additional 900 million euros per year of capital expenditures per year in 2024 and 2025 to increase its logistics capacity, including the build-out of distribution centers in Spain and the Netherlands. – Read More on the WSJ
4. How stolen goods from organized retail crime wind up being resold. In a CNBC investigation, the California Highway Patrol shows how they target organized retail crime rings that steal merchandise – from sneakers to cosmetics – and sell it online. – See More on CNBC
5. RETRO READ: How Will Resale Sites Respond to an Expected Flood of Looted Luxury Goods? Firm statements by resale companies are assuring, but how easy is it really for these companies to separate the legitimate from the stolen? – Read More on TFL
6. Mango adapts as climate change makes fashion less seasonal. Spanish retailer Mango is honing in on adaptable clothing to help customers adjust to wild swings in temperature as climate change makes fashion less seasonal, per CEO Toni Ruiz. – Read More on Reuters