Daily LInks
1. Private label ousting big brands as cost of living crisis grows: Private label sales have been on the rise for years, but a global cost of living crisis driven by soaring energy prices appears to be turbo-charging the trend. – Read More on Reuters
2. Retail is back: Empty space now below pre-Covid levels. While consumer spending influences whether companies fill retail spaces, other factors are at play. Retail bankruptcies are at their lowest level in seven years. And inflation could be prompting Americans to spend money before prices go up. – Read More on TRD
3. The Role of Localization in the Fashion Industry: Globalization, fast fashion, and heightened accessibility have given global consumers the freedom to shop outside of their local box. But now, retailers need to ensure they can take on the challenge of making their products locally appealing. – Read More on My Total Retail
4. RELATED READ: From Localization to Evolving Brand Narratives: 5 Fundamental Shifts that Are Underway in the Luxury Sector. Luxury brands are placing greater reliance on local and in-house manufacturing and resources, reducing their reliance on foreign production and reimagining their business models to cater to a new world. – Read More on TFL
5. California retail workers vote for union at second REI store: Employees at an REI store in Berkeley, California, on Thursday voted to form a union, the outdoor equipment and apparel retailer’s second location to do so in a time when more service workers have been choosing to organize. – Read More on Reuters
