Daily LInks
1. Renting Clothes Was Supposed to Be the Future of Fashion. Then Shoppers Got Bored. StitchFix and Rent the Runway are struggling to convince Americans to make monthly payments of roughly $90 to $240 for rented clothes, with many of their consumers also complaining about a lack of diversity in styles and sizes, and availability of outfits. – Read More on the WSJ
2. Rolex’s modest price hikes indicative of luxury sector moderation – analyst. Morgan Stanley suggested that Rolex’s decision to moderate price increases reflects a cautious approach, possibly aimed at sustaining market share gains without alienating customers sensitive to price fluctuations. – Read More on Proactive Investor
3. The RealReal Joins EON to Boost Luxury Resale Transparency. According to the release, owners of luxury fashion from EON’s partners can scan an item to access its history, including its provenance and past sales, and then get the option to consign with The RealReal. – Read More on PYMNTS
4. How companies are responding to attacks on ships in the Red Sea. India and Pakistan, for instance, are part of a big region for apparel manufacturing, but a source close to Target said the effect has been “minor” overall. – Read More on Reuters
5. Struggling Fashion House Trussardi Nears Brand, Assets Sale. After an extended marketing process that saw little demand, the brand, together with some of the group’s branches, is set to be sold to Miroglio Group. – Read More on Bloomberg
6. Inside Gucci’s Quest for Older, Richer Customers. Gucci is similarly striving to make itself a little less available, reducing its overall product range by 20% in recent months and cutting its distribution network. – Read More on the WSJ
