Daily LInks
1. Digitizing the Fashion Industry: Innovations are helping to push the fashion industry into a greener future as well, from “swap don’t shop” and shared-closet platforms that aim to reduce the problems inherent with fast-fashion and over-consumption, to carbon tracking tools that give insight into the impact of supply chains, and new methods of sustainable manufacturing. – Read More on PSFK
2. Fast fashion must be shelved within a decade, says Zalando CEO: The Germany-based group wants to push the fashion industry towards more durable products that consumers can repair, reuse and resell. “As a platform, we are more capable of shaping [the industry] than a single brand.” – Read More on the FT
3. You thought the pandemic killed fast fashion? Not even close: Over the past decade, H&M and Zara have tried to appear more eco-friendly by releasing reports about how they’re using more sustainable fabrics and manufacturing processes. Some experts believe that these brands are responding to growing consumer awareness. – Read More on Fast Co.
4. Parallel luxury imports are big online as buyers seek bargains: Luxury brands have their own online websites, but an increasing number of customers are choosing to shop at retailers that carry a variety of brands on one website for the sake of convenience and cost, with most of the items sold by these companies are brought into Korea by parallel importing. – Read More on Korea Joongang Daily
5. RELATED READ: Fendi Case Provides Insight into the Challenging Fight Against Parallel Importers in China. The massive demand for lower cost parallel imports in China is fed by the massive overseas “daigou” system, which literally means “surrogate shopping.” Through daigou networks, overseas purchasers scour foreign markets for cheaper or otherwise hard-to-get genuine goods for shipment back to China. – Read More on TFL
