Daily LInks
1. U.S. retail sales grows 7.6% in holiday season: U.S. retail sales rose 7.6% between Nov. 1 and Dec. 24, which encompasses a majority of the holiday season, as steep discounts lured deal-hungry consumers, a Mastercard report showed on Monday. – Read More on Reuters
2. American fashion brands are finally coming for the high-end luxury market: However, Estée Lauder’s purchase in November of Tom Ford—an American company with super-premium pricing—may indicate a shift in how the world perceives American brands. After fetching a valuation of $2.8 billion, the company has secured a seat at luxury’s power table. – Read More on Quartz
3. Fear, misfortune and Kanye West: how Adidas lost its luster. Adidas is stuck with Yeezy sneakers worth more than $500 million after parting ways with West. The German sportswear giant is now trying to sell the items under its own brand to minimize potential losses. – Read More on the FT
4. Rolex watches a better investment than stocks, gold or real estate if you bought a decade ago: Prices of Rolex watches on the secondary market skyrocketed during the first several months of 2022, before dipping a bit as the year ended. – Read More on SCMP
5. Birkenstocks one of most purchased fashion items of 2022: Birkenstocks, trouser suits and seam-free workout sets were three of the most purchased fashion items of 2022. – Read More on the Guardian
