Daily LInks
1. How to Invest in Handbags, the Luxury Asset Most Likely to Hold Value: 40% of US consumers had bought or were planning to buy a luxury handbag as of July, helping bolster the category from a global market of $72 billion this year to a predicted $100 billion in 2026. – Read More on Bloomberg
2. RELATED READ: Chanel Bags, Rolexes Make for Inflation-Proof Investments, Per Credit Suisse Report. Watches, jewelry, and handbags – “especially Chanel handbags” – are “clearly standing out as stores of value with low volatility (between 2.5 percent and 5 percent annually) and low drawdowns,” and with annual returns that average between 4.5 and 6.5 percent. – Read More on TFL
3. Pinduoduo Takes Aim at U.S. With Cross-Border E-Commerce Platform: Pinduoduo Inc. is preparing to launch a cross-border e-commerce platform targeting the United States, a move that could help the company hedge against sluggish consumer spending in its home market. – Read More on Caixin
4. Turning talk into action: retail’s path to sustainability. Numerous studies that show that a majority of institutional investors are asking about the ESG (environmental, social and governance) practices of companies when building their portfolios. “Ten years ago, that was close to zero.” – Read More on the Economist
5. Tourists—and Their Wallets—May Finally Return to Japan: One problem is that China, the largest source of visitors to Japan before the pandemic, still maintains strict border controls and there are no clear signs of when its zero-Covid policy will end. – Read More on the WSJ
