Daily LInks
1. Big fashion can’t align its climate goals with its business model: “The concept of degrowth and alternative business models, or alternative models to growth, can be words that make [business] people uncomfortable.” – Read More on Fortune
2. China NFT and metaverse marketing requires Tiffany, other global luxury brands, to tread lightly and be creative: Unlike the rest of the world, China does not allow metaverse activities that involve crypto or trading in NFTs. Yet brands are still finding ways to be creative in the developing arena. – Read More on SCMP
3. How fast fashion can cut its staggering environmental impact: The industry needs to focus on making things that last, and so encouraging reuse; and more rapidly expanding the technologies for sustainable manufacturing processes, especially recycling. – Read More on Nature
4. ETFs are capitalizing on the luxury goods boom: “The wealthy have been little affected by the pullback in the markets — they keep buying, and luxury brands overseas are less expensive for U.S. buyers as the USD has been on a roll.” – Read More on Yahoo
5. China’s retail sales, industrial production beat expectations in August: Retail sales grew by 5.4% in August from a year ago, topping a Reuters forecast for 3.5% growth. – Read More on CNBC
6. U.S. Retail Sales Rose 0.3% in August, Showing Resilience in Face of Inflation: Consumer prices rose 0.1% in August from July and 8.3% from August last year, the Labor Department reported. After excluding volatile food and energy prices, underlying inflation pressures were broadening and building. – Read More on WSJ
