1. If Tiffany Gets Left at the Altar, It Will Need a Bigger Web Strategy: “Luxury is about being seen wearing certain products, including jewelry,” said Neil Saunders, a managing director of research firm GlobalData PLC. “As people stay home more, the need for purchasing these items has dissipated.” – Read More on the Wall Street Journal
2. Urban Outfitters Navigates Inventory Challenges Amid Pandemic: Lowering inventory levels relative to sales—for example, by ordering fewer goods from suppliers—is key to protecting the company’s finances and reducing the amount of cash trapped in operations, Mr. Conforti said. – Read More on the Wall Street Journal
3. Bankrupt retailers face a new hurdle: Getting rid of inventory. Deep discounts and liquidation sales are no longer enough to lure customers. Liquidation firms say they’ve changed the way deals are structured. Instead of paying retailers for their inventory upfront, as has long been the norm, they have shifted to a fee-based model where the retailer gets a portion of the proceeds after the sale is complete. – Read More on the Washington Post
4. Changes in Luxury Retail And Brand Collaboration in the Post-Covid-19 World: Luxury brands are known to control distribution (especially during uncertain times); therefore, visibility is a key driver when stores are closed and when they start to open. – Read More on Forbes
5. H&M Says It’s Not Working With Any Garment Factories in Xinjiang: Swedish retailer Hennes & Mauritz AB says it’s not working with any garment factories in the Xinjiang region of China. On Tuesday, the Trump administration said it was banning imports from three companies in Xinjiang over Beijing’s alleged repression of Uighur Muslims. It also plans to add curbs on six more firms and target cotton from the area. – Read More on Bloomberg
6. Peter Do’s ‘true luxury’ wardrobe staples for women ‘tired of trendy’ give label head start on fashion’s repositioning after Covid-19: “Everything is designed by us and done by us, so if something comes up it’s very easy to adapt and make things work, whereas at bigger brands there are so many layers you have to go through. We’re more flexible.” – Read More on SCMP