Daily LInks
1. Hong Kong luxury Swiss watch sales face an uncertain future: Visitor numbers from mainland China to Hong Kong were hit by 2019 anti-government protests and brought to a halt by COVID. Now luxury-watch market experts are split over whether stores’ biggest customers, high-spending tourists from the mainland, will ever return in the same numbers – Read More on SCMP
2. A Crypto Insider’s Views on Why NFTs are Hot and Here to Stay: Ether Capital’s Brian Mosoff discusses crypto use cases, regulation and the explosion of NFTs in an environment where everyone’s searching for scarcity. – Hear More on Bloomberg
3. How Shapewear Went from Underwear to High Fashion: Thanks in no small part to Skims, the juggernaut of a shapewear company valued at $1.6 billion that Kim Kardashian West launched in 2019, shapewear has become incredibly popular as actual clothing. Shapewear brands, as a whole, generated over $500 million in sales globally in 2019. – Read More on the WSJ
4. Retailers bid farewell to layaway, as shoppers embrace buy now, pay later options: In years past, early bird shoppers may have turned to layaway plans to reserve holiday gifts and pay for the purchases over time. But retailers have scaled these options back, and embraced BNPL options offered by companies like Affirm, Afterpay and Klarna. – Read More on CNBC
5. Luxury consumer brand advertising on LinkedIn is growing to be “much larger than expected.” Today, consumer brands now account for approximately 15% of ad dollars spent on LinkedIn, per the company, and luxury – including automotive, fashion, finance, technology and travel – is leading the way. – Read More on the Drum
6. Retail Leaders Warn California Law Could Increase Supply Chain Headaches: A new law signed by California Gov. Gavin Newsom last week could exacerbate the current supply chain challenges plaguing the U.S. and the world, several retail industry groups say, warning that the legislation is “duplicative and overbroad.” – Read More on PYMNTS
