Daily LInks
1. Tapestry eases concerns of Coach handbag shortages, raises annual estimates: With factories now reopening, Tapestry said it had pulled forward shipping timelines and will spend about $70 million on airfreight in the second quarter to get products in stores in time for Christmas shopping. – Read More on Reuters
2. Burberry to Expand New Store Format to Gain Higher-Spending Clients: Burberry Group shares slumped as the U.K. trenchcoat maker’s plan to go upmarket lost momentum ahead of the arrival of a new chief executive officer. – Read More on Bloomberg
3. Solving labor, last-mile delivery key to Amazon’s 1-day shipping ambitions: Amazon invested heavily in its logistics infrastructure in rural areas to meet unprecedented demand during the pandemic. Now, it must build out smaller sorting facilities in urban centers to speed up delivery of packages nearing their final destinations. – Read More on S&P Global
4. Chinese Consumers Conflicted About Sustainable Fashion, Report Finds: “Consumers highly aware of sustainability in China may know what they should do, but when it comes to consumption, they are likely to take price and style into consideration. Their value systems are swinging in between moral calling and hedonism.” – Read More on Sixth Tone
5. The RealReal CEO: Fashion is polluting our planet. We need regulation to make it stop. Europe is a prime example of how Congress can take legislative action. In 2020, France passed a law that prohibits burning or landfilling unsold fashion items, requiring companies to donate or recycle unsold items. – Read More on CNN
6. U.S. warns against IP, trade secret risks in draft EU tech rules: Draft landmark EU rules requiring U.S. tech giants to share information with rivals could put at risk companies’ intellectual property and trade secrets, the United States government warned in a new document. – Read More on Reuters
