Daily LInks
1. India’s Reliance launches first in-house fashion store: The new store chain called Azorte, the first of which was launched in Bengaluru, will compete with the likes of Mango and Industria de Diseno Textil SA (Inditex)-owned Zara, and cater to millennials and Gen Z. – Read More on Reuters
2. Cartier plans U.S. store expansion on strong demand for luxury: Cartier, the French maker of upscale watches and jewelry, plans to open as many as 10 stores in the U.S. in the coming years—another sign that European luxury brands are betting American demand will remain robust. – Read More on Crain’s
3. Cotton Prices Drop Amid Economic Worries, Strong Dollar Pressure: Cotton prices had been trending higher during the pandemic, surging past $1 a pound a year ago after restrictions on cotton produced in China’s Xinjiang region out of concern that forced labor is used to harvest it. – Read More on the WSJ
4. Next Warning, H&M Cuts Add to European Retail Woe as Prices Soar: Next Plc and Hennes & Mauritz AB reports added to gloom from European retailers as inflation simultaneously makes clothing more expensive and reduces consumer purchasing power. – Read More on Bloomberg
5. Did Everyone Start a Fashion Brand During the Pandemic? A sizable number of buzzy small brands were launched during the pandemic—and, amazingly, have only grown in popularity and validity since. – Read More on Vogue
