Daily LInks
1. Fashion is adapting for a post-pandemic lifestyle: As sales begin to tick back up, both men and women seem to be moving on from their lockdown looks, but aren’t simply snapping back to their pre-pandemic tastes. Businesses have been “extraordinarily cautious” about their inventory, and are now trying to pin down the post-pandemic market at a time when they can’t afford much experimentation. – Read More on Axios
2. Global luxury brands stand a better chance of weathering China’s nationalistic consumer fervor, says Credit Suisse: While young consumers are drawn by the local brands’ stronger digital and marketing capabilities, “the brand strength of international high-end brands remains high [in China], and this is because they are long-established and they have relatively better quality products.” – Read More on SCMP
3. RETRO READ: A Look at the Changing Habits of the Chinese Luxury Consumer. Chinese consumers – in a shift away from heavily branded goods to more discreet status symbols – have looked to lesser known names. As a result, “niche high-end brands, as well as bespoke products, are becoming new drivers of luxury consumption.” – Read More on TFL
4. For a number of retailers without a strong online presence, the pandemic presented a unique challenge. Stores like Aldi, TJ Maxx, Costco, Dollar General, and others depend heavily on in-person sales: Despite lower foot traffic, many of these retailers not only survived the pandemic, but are now expanding. – Read More on Qz
5. What Does Slow Fashion Actually Mean? Some brands are pushing back against mass-market retailers’ motto that “more is better,” and focusing more on “slow fashion,” producing clothes with trendless designs and premium, long-lasting quality. – Read More on Forbes
6. Ferraris for the people: luxury goods now sold in fractions. With fractional ownership, there’s no chance of hanging the painting in a buyer’s home, parking a Lamborghini in their garage or storing six bottles of Romanee-Conti wine in their cellar. But by owning at least a piece of the property — at least on paper, like the shares of a publicly listed company — anyone can now directly benefit from an increase in the item’s value, just like a wealthy collector. – Read More on France24
