Image: Gucci

1. What Does Inflation Mean for American Businesses? For Some, Bigger Profits: Nearly two out of three of the biggest U.S. publicly traded companies have reported fatter profit margins so far this year than they did over the same stretch of 2019, before the Covid-19 outbreak. – Read More on the WSJ

2. Why fashion collaborations such as Gucci x Balenciaga or Fendi x Skims by Kim Kardashian show no sign of stopping: The goal of Balenciaga was not to sell products to The Simpsons’ fans but to use the excitement to create a viral effect. That was the genius behind it, because it wasn’t about having a product but about creating a moment.” – Read More on SCMP

3. RELATED READ: As Fashion Continues to Co-Brand, a Look at the New Assets at Play and What Ownership Entails. Now may be an opportune time for companies to assess the breadth of the assets in their portfolio and try to monetize their brands in ways beyond their current uses. – Read More on TFL

4. As the brand turns 100, creative director Alessandro Michele is leading the fashion industry toward a different future. In the luxury fashion ecosystem, Gucci manages to be both a commercial behemoth and a creative juggernaut. It’s a public company that can rattle the nerves. It tugs at the culture with both creative energy and financial might. – Read More on the Washington Post

5. Marketplaces, Direct-to-Consumer Power Future of Digital Luxury Sales: Online luxury purchases grew 39% worldwide year over year in both April and May of 2020. Online retail sales are anticipated to account for 25% of total luxury purchases by 2025, up from 10% in 2019. – Read More on PYMNTS