Daily LInks
1. Luxury Can Only Dream of a 2010-Style Comeback: Luxury brands have a well-earned reputation for resilience. Major labels bounced back from the 2008 financial crisis within 18 months and shrugged off political protests in Hong Kong last year. But the Covid-19 pandemic looks different and could lay them much lower. – Read More on the WSJ
2. Boohoo eyes struggling fashion brands after trading beats forecasts: The online retailer – which owns PrettyLittleThing, Nasty Gal, Coast, Karen Millen, Boohoo, and MissPap– reports 54% profit rise, as sales increased 44% to £1.2 billion for the 2019 fiscal year. – Read More on the Guardian
3. RELATED READ: How Much of Fashion’s Emphasis on Sustainability is Actually Impacting Consumer Spending? Consumer interest in sustainability is growing, and traditional fast fashion retailers are struggling, but neither of those things necessarily signals that cheap, trendy fashion is falling out of favor (yet). – Read More on TFL
4. Farfetch: High exposure to the declining luxury goods market will hurt its stock. It’s unlikely that Farfetch will become and remain profitable in the upcoming quarters and thereby it will not be able to create shareholder value in the foreseeable future. – Read More on Seeking Alpha
5. How fashion and beauty retailers can overcome the lack of touch and feel in the time of social distancing: A big increase in visitors to retailers websites could seem like a silver lining during these troubled times, but for many shops those visitors don’t actually turn into customers. – Read More on Forbes
