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Image: Farfetch
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1. Chinese Shoppers Splash on Luxury Goods, but Still Won’t Eat Out: Bored after months of strict social distancing measures and unable to vacation overseas, wealthy Chinese consumers are seeking comfort in retail therapy. This bodes well for dozens of luxury goods makers whose growth was fueled by China’s increasing affluence in the past decade. But these spoils are not shared by mass-category consumer products. – Read More on Bloomberg

2. Let’s Stop Pretending We Need New Clothes Every Season: People aren’t buying as much clothing right now because of the pandemic, and brands have to adjust to a coronavirus-induced plunge in sales. But in this radical shift of a cycle that has been spinning and overproducing for decades, fashion consumers — who are all about doing the most — have an opportunity to do so much less. – Read More on InStyle

3. Designers—From Joseph Altuzarra to Virginie Viard—on the Future of Creating Fashion: “Maybe certain things don’t have to be so available for everybody everywhere; maybe we localize things and are less global with what we do. Having diversity in the product as well—that’s important. With most brands today, you print a logo on a hoodie, and there you go. We kind of got over it. It’s so 2015. Fashion can’t be based on that—there is so much more we can do.”Read More on Vogue

4. From Bergdorf’s to Farfetch, 10 Retailers on the Future of Buying Fashion: “What we do as a [fashion] industry is create beauty and magic. We tell a story that people want to be a part of—and now we’re telling that story again and again, but it doesn’t sound fantastic anymore. It sounds like a broken record. We’re pushing things on them that they don’t necessarily need.” Read More on Vogue

5. Slow Fashion for the Instant Gratification Generation: Retailers have been in an ongoing race to keep up to speed with the new generation of digitally savvy customers used to getting everything with a mere click. Now, brands and retailers alike are turning to the pre-order model, as customers are learning to wait longer for a luxury purchase. – Read More on WWD

6. Luxury Goods Sparkle In Retail Comeback: “The pent-up demand from nearly two months of lockdown between February-March likely led local shoppers to purchase more aspirational brands than mass brands,” said Catherine Lim, a Singapore-based Bloomberg Intelligence analyst. “Consumers are definitely looking to treat themselves following the scare from the outbreak.” – Read More on PYMNTS