Daily LInks
1. Amazon Set to Close Bookstores, Other Shops in Retail Shift to Groceries, Fashion: The company has been developing a store concept revolving around apparel, akin to some department stores. One such store—Amazon Style—opened earlier this year near Los Angeles. – Read More on the WSJ
2. Complaints growing over luxury items sold online: The problem is that it is hard to authenticate luxury goods, except for the products from big brands like, Chanel, Louis Vuitton, and Hermes. For other brands, there is often a lack of data on their items. – Read More on Korea Times
3. Big retailers are getting into the secondhand market: Resale can’t solve fashion’s environmental problem on its own. It will have to be paired with other means of recirculating clothes, including repair, rental, and recycling. – Read More on Grist
4. Amazon Filing Criminal Complaint Against Future Retail: The retail giant says it plans to initiate criminal court proceedings against the department store chain for allowing the transfer of assets to a rival despite a court ruling blocking such moves. – Read More on PYMNTS
5. Target to invest $5bn to increase retail growth: Target was one of the few retailers that prospered during the COVID-19 outbreak. As physical stores selling non-essential goods closed temporarily or permanently during the depths of the pandemic, homebound people turned to Target’s online services. – Read More on AlJazeera
6. Abercrombie warns of weak margins as holiday sales disappoint: Abercrombie & Fitch Co warned of weaker margins in 2022 after missing holiday-quarter sales and profit estimates due to product shortages and COVID-19 curbs. – Read More on Reuters
