Daily LInks
1. Chinese snap up used Rolexes, Birkins to satisfy luxury cravings amid slowdown: “More and more people are now aware they can sell luxury goods for some money and the buyer side is noticing that they can get a great deal.” – Read More on Reuters
2. Snap Luxury Boss: Augmented Reality Is the Future of Fashion. “Every day we have 250 million people engaging with augmented reality on our platform. Not just to try dresses on, but also jewelry and makeup. This is how we see engaging with the real world in the future.” – Read More on PYMNTS
3. The British Pound Is Sinking—and Its Luxury Market Is Rocking as a Result: British luxury firms are seeing surges of business from dollar-touting buyers in response. – Read More on Robb Report
4. Christie’s launches ‘Department X’ as collectible sneakers, streetwear boom: The auction house on Monday announced its Department X, giving Air Jordans and Supreme skate decks their own category, alongside more traditional art. The move is the latest sign that a wave of younger collectors are redefining the collectibles world. – Read More on CNBC
5. Boohoo Issues Profit Warning as Shoppers Cut Back on Clothes: The fast fashion retailer has been hit by higher rate of returns, as UK first-half sales declined for the first time in its history. – Read More on Reuters
6. Farfetch CEO Sees Luxury Recession Resilience and China Return: Luxury-goods sales will prove resilient in the case of a global recession and demand from China will return by next year, said the head of online luxury retailing platform Farfetch Ltd. – Read More on Bloomberg
