Daily LInks
1. Poshmark Deal Points to More Acquisitions in Resale Market: Secondhand marketplaces face mounting competition from brands. After struggling as a public company, resale site Poshmark is being acquired. – Read More on Bloomberg
2. RELATED READ: The Secondary MArket Watch – A (running) timeline of investments and M&A events to provide a broad overview of which players are raising funds, which are merging together, and what the trajectory of this segment of the market – which only appears to be gaining in steam – looks like more generally. – Read More on TFL
3. Walmart brings TikTok-esque shoppable livestream to its e-commerce site: Social shopping is burgeoning in western markets, estimated to be worth $992bn globally in 2022 and projected at $2.9tn by 2026. – Read More on the Drum
3. Japan to Invest in Metaverse and NFT Expansion: Japan’s Prime Minister Fumio Kishida said in a policy speech on Monday that the country’s plans for investing in digital transformation include NFTs and metaverse services. – Read More on CoinDesk
4. Swollen Retail Inventories Leave Small Businesses Short on Warehouse Space: Nearly three-quarters of the businesses in the retail segment reported cost increases, and 60% of those businesses have raised their prices accordingly. – Read More on PYMNTS
5. How Macy’s Has Avoided the Inventory Pileup: The group decided to cut orders of comfy clothes and home goods that had been big sellers during the pandemic, and increase orders of dresses, suits and shoes for work and for occasions like weddings. – Read More on the WSJ
