Daily LInks
1. AI is Fashion Executives’ Top Priority in 2024. Executives aim to integrate AI into various aspects of their businesses, especially in design and product development. – Read More on CCN
2. Britain says it will regulate ESG ratings later in 2024. Britain’s finance ministry said on Wednesday it will introduce regulation for providers of environmental, social and governance (ESG) ratings on companies to improve “clarity and trust” in benchmarks widely used to steer investments, but gave no specific timeline. – Read More on Reuters
3. Champagne era for luxury industry prices starts to go flat. Analysts and investors expect price increases to moderate for most luxury companies with the only meaningful increases likely to come from foreign exchange shifts, particularly in Asia where the yen and renminbi are weak but might rally. – Read More on the FT
4. The trendy second-hand clothing market is huge and still growing – yet nobody is turning a profit. The problem is one of economics. With the rise of ultra-fast, ultra-cheap fashion brands, the volume of clothing produced and shipped globally continues to explode, and consumers are offloading more of it after just a few wears. – Read More on the BBC
5. Why retail has lost its sparkle for private equity firms. The pandemic disrupted supply chains all the over the world in 2020 and the consumer goods industry has struggled to regain its footing. Market volatility and high interest rates over the past two years further compounded the woes of consumer goods businesses. – Read More on Reuters
6. Temu, Nearly Unheard of a Year Ago, Is Redefining E-Commerce in the U.S. In just over a year, Temu, a Chinese-founded e-commerce company, became the most-downloaded app in the U.S. Its continued growth could redefine online retail, just like Amazon’s speedy delivery did. – See More on the WSJ
