Daily LInks
1. Walmart Results Show Omnichannel Consumers Still Like to Shop in Stores: They show a slowdown in eCommerce momentum, but healthy same-store sales, indicating a pivot toward buying in person, in-store, or picking up on the premises. – Read More on PYMNTS
2. U.S. retail sales surge as holiday shopping starts, brightening economic outlook: U.S. retail sales surged in October as Americans eagerly started their holiday shopping early to avoid empty shelves amid shortages of some goods because of the ongoing pandemic. – Read More on Reuters
3. Stefan Cooke Enters the Metaverse with a Collection for The Sims: Turning the IRL into the URL came with design challenges. Cooke’s team met with designers at The Sims biweekly for almost a year, fine-tuning the details and hand-painting textures so that its crocheted sweaters and miniskirts look as true to life as possible. – Read More on Vogue
4. UK banks poised to move into buy-now, pay-later sector when regulation kicks in: The U.K. government said earlier this year that it plans to regulate the sector, amid concerns that consumers using BNPL could be racking up substantial debts with multiple companies and facing debt collectors in some cases. – Read More on S&P Global
5. RELATED READ: What Brands Need to Know Now That the Burgeoning Buy Now Pay Later Industry is Under the Regulatory Microscope. In 2020, alone, over 10 million Brits used BNPL to purchase goods online, accounting for nearly 4 percent of online retail sales. – Read More on TFL
6. Online luxury goods operator Cettire launches CEO Dean Mintz into the rich: Australia’s newest billionaire is a mysterious young luxury goods e-commerce guru who has struck gold selling luxury goods (namely, of the gray market kind) online, mostly to Americans. – Read More on the Australian
