1. Why Have Fashion and Beauty Brands Failed to Respond to Anti-Asian Hate? “A lot of the big brands are in a position of power and resources where they could make a difference to help the AAPI community. It’s easy to put out a statement on Instagram saying you stand with the AAPI community, but then not do anything tangible.” – Read More on Daily Beast
2. How luxury luggage brand Globe-Trotter navigated the pandemic: Executive chairman Vicente Castellano, formerly the MD of Hackett London, hatched a plan to enhance Globe-Trotter’s identity as a lifestyle brand with a multi-strand structure, combining its “old-world” glamour with an exciting sense of “newness” that encapsulates the uniting cultural and emotional experience of travel. – Read More on the Week
3. Digitizing Isn’t the Same as Digital Transformation: Covid-19 accelerated the pace of many companies’ digital initiatives — and yet many executives are expressing concern that they’re actually falling behind on making the important choices that lead to differentiation. To win in the post-Covid world, leaders must re-imagine not just how your company works, but also what you do to create value in the digital era. – Read More on HBR
4. What’s next for Bangladesh’s garment industry, after a decade of growth: Pandemic pressure and shifts in global markets have brought stiff challenges to the garment industry in Bangladesh. The sector will need to innovate, upgrade, and diversify, investing in flexibility, sustainability, worker welfare, and infrastructure. – Read More on McKinsey
5. Buy Now, Pay Later Startup Sezzle Becomes Certified B Corp: Sezzle says its mission is to financially empower the next generation, and to go beyond finance by supporting empowerment across many facets of users’ lives, creating a better world for the next generation through ethical initiatives. – Read More on Forbes
6. Nordstrom’s Brush With Junk Proved a Turning Point: As its ratings fell, Nordstrom was forced to pledge inventory as collateral on its credit line and meet strict financial metrics that limited its flexibility. Additional covenants restricted Nordstrom’s options for financing future payments to vendors and precluded share repurchases and dividend payments until the ratings improved. – Read More on Bloomberg