Daily LInks
1. Is fast fashion catching up to real time? Shein is the fastest-growing e-commerce company in the world, and the company relies on a model called real-time fashion, which cuts the time from design to production to as little as a few days. – Read More on Marketplace
2. Fashion for Crocs continues to break records: On Thursday, the chunky shoe-maker reported record sales of $640 million in the three months to 30 June, nearly double the same period last year. And the trend shows no sign of slowing down – the firm raised its revenue outlook for the rest of the year. – Read More on the BBC
3. Secondhand luxury goods catch fancy of Chinese customers: “At present, the annual turnover of China’s secondhand luxury market is estimated to be about 30 billion yuan ($4.6 billion), accounting for 1 percent of total market cap. Therefore, the market development is still in its initial stage.” – Read More on CGTN
4. Retailers Embrace Post-Pandemic Beauty Trend, But Cosmetics Have Gone D2C: “As the pandemic begins to subside, we see consumers being more thoughtful and selective in their purchases while doing their own research on the beauty products, brands and people behind the brands.” – Read More on PYMNTS
5. The Post-COVID Future of the Apparel Industry: “After lots of reporting on COVID’s short-term impacts, we were determined to take a longer view. Using two decades of data, we found few changes in direction in apparel supply chain labor practices but big accelerations along the curves the industry has been following for years – supplier consolidation, market concentration, a mania for ever-lower wages, and so on.” – Read More on Cornell ILR
6. For the Luxury Crowd, SPACs and Suits Are So This Season: LVMH and Zegna are striking deals to reposition themselves for a post-pandemic world. They offer a window into the changing business of bling. – Read More on Bloomberg
