Daily LInks
1. Major fashion brands may be linked to Amazon deforestation: Brands — including H&M, Nike, Ralph Lauren, Adidas and Zara — work with manufacturers and leather tanneries “that source from opaque supply chains and companies that have known links to cattle raised on recently deforested Amazon land.” – Read More on the Hill
2. SoftBank Bets on Asian Metaverse Platform Selling Digital Gucci, Dior: It is investing $150 million in a South Korean metaverse platform that has amassed a large following of young female users by selling high-fashion items for 3-D avatars, according to the companies involved in the deal. – Read More on the WSJ
3. Luxury Brands Rush to Own the Resale Experience: brands have customers who may be more trusting of secondhand merchandise that’s been vetted by brands. Additionally, because the items are curated, it may be easier to find vintage pieces that are still in vogue rather than searching through a marketplace. – Read More on PYMNTS
4. RETRO READ: How Long Will it Be Until Notoriously Controlling Luxury Brands Co-Opt the Resale Model? If brands want to maintain some semblance of command over the prices for which their pre-owned products are selling, for instance, or the continue to attempt to uphold the image of exclusivity (which is one of the central aims in the marketing strategy in the luxury segment), playing a larger role in resale operations will be critical. – Read More on TFL
5. Inditex: Zara founder’s daughter becomes fashion giant’s chair. Marta Ortega, 37, will replace Pablo Isla, chairman of Inditex since 2011. She has been with the firm for 15 years, starting out as an assistant at its high street brand Bershka. – Read More on the BBC
6. Concerns over omicron could shift spending away from experiences, retail trade group says: National Retail Federation CEO Matt Shay said that the new coronavirus variant could direct more dollars toward electronics, toys, apparel and other items instead of vacations and movie tickets. – Read More on CNBC
