Daily LInks
1. How Luxury Priced Itself Out of the Market. Luxury brands have increasingly raised prices to unattainable levels, alienating middle-class consumers and sparking concerns about the long-term sustainability of the sector. – Read More on Financial Times
2. China’s Brandy Duties Depress Shares of Makers of Spirits, Luxury, and Cars. Shares of French luxury and spirits makers have fallen following China’s introduction of anti-dumping measures on imported brandy, adding to the challenges facing luxury goods and automobile makers. – Read More on Reuters
3. Gucci Gets New CEO Amid Brand Turnaround Efforts. Kering has promoted Stefano Cantino to CEO of Gucci, a move seen as part of the company’s efforts to rejuvenate the brand and restore its position as a leader in the luxury fashion industry. – Read More on WSJ
4. As Nike Struggles, Adidas Must Surf Samba Wave With Caution. As Nike faces challenges, Adidas is riding a wave of success with its Samba sneakers, but industry experts warn the brand must be cautious in maintaining momentum without overextending. – Read More on Reuters
5. Rental Clothing Seems Like an Environmental Win. Is It? Questions have come about whether or not rental clothing is truly a sustainable option for the fashion industry, especially considering the environmental impact of logistics and dry cleaning alongside its potential to reduce waste. – Read More on Washington Post
6. Vendor Says Rue21 Skipped $2M in Bills for Clothing. A clothing vendor has filed a lawsuit against Rue21, claiming the retailer failed to pay $2 million in bills for apparel. – Read More on Law360
