Daily LInks
1. According to his calculations, customers pay a mark-up of 10 times or more on a luxury leather bag, excluding other expenses typically borne by manufacturers. The gross margin for a luxury leather bag is generally around 80 or 85 percent. – Read More on the FT
2. RETRO READ: What Are Luxury Brands Really Selling? This association or larger brand image/ethos is to a large extent what consumers are buying when they purchase a product, and conglomerate-owned labels, in particular, know and have been pursuing this as a business model for decades. – Read More on TFL
3. Brands Are Making the Same Mistake as Amazon: Online retailers were wrong about the digital shopping boom lasting forever. But that doesn’t mean we’ll stick to IRL buying for long. – Read More on Bloomberg
4. The Laundress seeks to toss lawsuits filed over bacteria exposure: “Because [The Laundress] has tendered a full remedy for the only injury plaintiffs claim they suffered, plaintiffs’ claims are moot,” Unilever’s motion to dismiss states. – Read More on Modern Retail
5. U.S. court says French, Swiss groups cannot restrict ‘gruyere’ cheese label: The name “gruyere” can be used to label cheeses from outside of the Gruyère region of Switzerland and France, a U.S. appeals court said on Friday, in a victory for U.S. dairy groups and others. – Read More on Reuters
6. China E-Commerce Giant JD Set for $1.4 Billion Discount Spree: China’s internet firms are revving up efforts to outdo each other since Beijing began to wind back its bruising crackdown on the tech sector, spurring an abrupt surge in competition that’s spooking investors. – Read More on Yahoo
