Daily LInks
1. US retailers prep for weaker online sales, holiday spending demand: While major retailers like Amazon.com Inc. and Walmart Inc. benefited from a strong uptick in online sales during the pandemic, they are all forecasting a weaker fourth quarter, citing inflation. – Read More on S&P Global
2. Fast-fashion brands claim they’re cleaning up their act for the planet, but their premise might be inherently flawed: In many cases, fast fashion brands’ “sustainability” initiatives are meaningful but not significant enough to compensate for the overall impact of the industry. – Read More on Fortune
3. Cyber Monday sales to touch up to $11.6 bln as shoppers go discount hunting: The Adobe Analytics report is predicting Cyber Monday spending of $11.2 billion to $11.6 billion, an increase of up to 8.5% from a year earlier, as inflation-weary consumers have been putting off holiday shopping for weeks in the hopes of deep post-Thanksgiving markdowns. – Read More on Reuters
4. Vinted thrives as shoppers turn to second-hand fashion: In the midst of the cost of living crisis, the company’s mantra of making “second-hand fashion the first choice” seems to resonate. While hundreds of other start-ups are slashing jobs, Vinted is one of the few still hiring. – Read More on the FT
5. Products Made with Captured Greenhouse Gas Are Reaching Commercial Scale: Locking up greenhouse gas in ingredients that go into products can be costly compared with petroleum-based options and presents hurdles to building out enough infrastructure to capture emissions. – Read More on the WSJ
