1. How China’s fast-fashion app Shein beat Uniqlo’s market value: Shein’s unconventional approach has propelled the Chinese fast-fashion app to a market value far surpassing that of its closest competitors Uniqlo and Zara. – Read More on Nikkei

2. Luxury fashion houses are funneling millions into the metaverse. But to what end? From Balenciaga selling character skins on Fortnite to Ralph Lauren launching a digital clothing line on South Korean platform Zepeto, luxury brands have rushed into these new and hugely popular digital worlds. – Read More on CNN

3. Roblox fashion is transforming the metaverse fashion industry: Major retail corporations are finding that many people value their digital wardrobes just as much as their physical ones. As a result, fashion brands are jumping on the metaverse bandwagon by investing in Roblox and other virtual worlds. – Read More on PCG

4. Kourtney Kardashian offered a lesson in sustainability by experts after ‘greenwashing’ backlash against latest fast-fashion collection: Boohoo “does not provide any measurable commitment towards its sustainability practices for Kardashian’s collection or any of their collections.” – Read More on Fortune

5. Retail analyst: Consumers trading down ‘could be more prevalent’ in 2022. “We’ve been seeing tradedown in grocery for some time now. But in the past couple of months, as evidenced by what some of our companies said during the second quarter, they started to see more evidence of higher income consumers trading down to more value items.” – Read More on Yahoo