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1. Madison Avenue’s Prime Retail Properties Sell for Decade-Low Price: Tenants started pushing back in recent years. Shoppers who initially frowned upon buying luxury products online started flocking to e-commerce for luxury clothes and products at better prices. The exorbitant rents in Manhattan and other global capitals became harder to justify. – Read More on the WSJ

2. RELATED READ: Suffering from COVID-19 Setbacks, Valentino Wants Out of its Fifth Avenue Lease, According to New Lawsuit. The complaint points to a provision in the parties lease that mandates that it use the retail space in a manner that is “consistent with the luxury, prestigious, high-quality reputation of the immediate Fifth Avenue neighborhood.” This has been made impossible as a result of COVID, according to the fashion brand, which says that it has been unable “to offer in-boutique retail sales, or associated services such as fittings.” – Read More on TFL

3. Why aren’t brands for women run by them? “Investors are going to demand it. Boards are going to demand it. I think I see it as inevitable,” Bluemercury CEO and co-founder Beck said of women taking over leadership in the beauty space in an interview earlier this year. “The feminization of leadership at companies will come. It will come in beauty companies before other industries.”Read More on Retail Dive

4. Retail’s tick-box approach to supply chains is untenable: For Duncan Jepson, managing director of Liberty Shared, an NGO focused on anti-people trafficking, the key is to stop companies thinking of these issues as a matter of ethics. “Labor abuse in supply chains should be to manufacturing what money laundering is to banking, i.e., a largely criminal matter caused by weak management, governance and internal controls.”Read More on the FT

5. Major Fashion and Apparel Brands’ Efforts to Police Their Supply Chains Are Not Working: That is due, in part, to the fact that good data on the workings of multi-national brands’ supply chains is difficult to come by. This means that brands cannot see the results of the many corporate social responsibility programs intended to track and improve working conditions in their suppliers’ factories. – Read More on TFL

6. How a $16 hat made Carhartt a billion-dollar brand: Carhartt has been the unofficial uniform of America’s blue-collar workforce since it was founded in 1889. But Carhartt isn’t just some legacy brand. Once the hip-hop community adopted the workwear style in the 1990′s, Carhartt became a pop-culture icon. – See More on CNBC