Daily LInks
1. Chinese fast fashion giant Shein now has more monthly app downloads than Amazon Shopping: From January to April, Shein had 13.8 million app downloads, up 50% year-over-year. Amazon Shopping had 13.3 million and 13.2 million downloads during those periods respectively. – Read More on Business Insider
2. Senator Kirsten Gillibrand Will Introduce the First Federal Fashion Bill: The Fashioning Accountability and Building Real Institutional Change (FABRIC) Act aims to extend the anti-wage theft principles of SB62 nationwide and offer incentives like tax exemptions and grant programs for brands looking to manufacture in the U.S. – Read More on Vogue
3. Western luxury brands squeezed by Ukraine conflict may look further east: The Gulf region has strong purchasing power, with personal luxury sales reaching $9.7 billion in 2021, outpacing pre-pandemic level by 23% vs 2019. – Read More on DW
4. What Would It Take for a Truly Ethical Clothing Industry? “In the absence of well-enforced regulations that adapt to the practices of fast-rising global ecommerce companies, the burden of making fashion more ethical will continue to rest largely on individual consumers—a strategy sure to fail. – Read More on Wired
5. Ferragamo CEO promises quick turnaround despite China hit: Gobbetti says that a strong performance in the United States and Europe helped Ferragamo to reduce its dependency on the Chinese market, where it made 30% of its sales last year. – Read More on Reuters
