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Image: Rebag
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1. Fashion’s digital transformation: Some apparel, fashion, and luxury companies won’t survive the current crisis; others will emerge better positioned for the future. Much will depend on their digital and analytics capabilities. – Read More on McKinsey

2. Luxury Reseller Raises $15 Million During Retail Shutdown: Rebag received $15 million in fresh capital even as its stores remain closed due to the virus lockdown. This brings the startup’s total funding to $68 million. “We offer luxury goods at a significant discount. I think that point, in a recessionary environment, is going to be very important because fully priced items may become very difficult to achieve for a lot of people.” – Read More on Bloomberg

3. RETRO READ: The Most Exciting Segment in Fashion Right Now is the Resale Market. What is driving this push of venture capital and brand acquisition interest? It is an array of factors, not least of which is the ease and accessibility of luxury resale sites. In fact, many of these resale sites are actually standing in place of the slow-to-adapt luxury brands, themselves, which refuse to offer up many of their handbags for sale online. – Read More on TFL

4. Apparel faces post-pandemic decline even as stores reopen: As stores in some areas of the country move to reopen, there’s evidence of some pent-up demand. But apparel retailers must brace themselves for a post-pandemic environment with consumers wary of crowded spaces and hesitant about spending. – Read More on Retail Dive

5. ‘Revenge spending’ by the rich could drive luxury recovery: “We’re seeing people come back to the stores quite quickly. It’s not yet at the same levels yet as it was before the crisis. But revenge spending is happening — and also to some degree in Europe. The people who are coming back into the stores are strongly motivated to buy.” – Read More on CNBC

6. How Fashion Manufacturing Will Change After the Coronavirus: A growing number of industry experts believe that fast, on-demand manufacturing is an important part of the next normal for fashion. “By using an on-demand model, our customers no longer need to order hundreds of something that they may never sell. With on-demand manufacturing there is no inventory, no fabric waste, and no warehousing.” – Read More on Forbes

7. Can Indian Manufacturing Capitalize on the Flight From China? In the wake of the Covid-19 pandemic, can India benefit from a global effort to become less dependent on supply chains rooted in China? The geopolitical moment may look auspicious, but without overhauling its economic policies India will struggle to keep pace with nimbler rivals like Vietnam and Thailand. – Read More on WSJ