Daily LInks
1. Burberry annual operating profit slumps 34% on China sales drop. For Burberry, the Americas continued to be a weak spot, with comparable store sales down 12% in both the year and in the fourth quarter. Sales in Europe, which had been improving, also fell in the final quarter, recording a 3% drop. – Read More on Nikkei
2. Burberry looks to classics after Lee’s designs struggle to excite. Burberry hopes a wider range of products, including classic men’s and womenswear tailoring, with broader pricing will appeal to those top end customers who continue to spend, including at top brands like Hermes and Prada. – Read More on Reuters
3. Ask These Questions Before Choosing a Manufacturing Location. In a highly polarized political environment, there is considerable debate over how to measure the effect of any reshoring trends by U.S. companies. – Hear More on HBR
4. Struggling Victoria’s Secret Returns to Traditional Fashion Show. The biggest US lingerie retailer is returning to a more traditional version of its fashion show this fall, complete with models sporting angel wings, the company said Wednesday. – Read More on Bloomberg
5. Eight TikTok creators sue U.S. government over potential ban. The law “bans an entire medium of communication and all the speech communicated through that medium, even though, at the very least, the vast majority of that speech is protected,” stated the lawsuit. – Read More on NBC
