Daily LInks
1. When Chinese Consumers Stay Home, the World’s Retailers Take Hit: “Reliance on the Chinese consumer is about to be fully exposed.” The stakes are especially high for luxury-goods companies like Burberry, LVMH and Kering, which have ridden a wave of Chinese demand. Mass-market chains, such as Starbucks and Uniqlo, have also pinned their hopes on the fast-growing market, full of consumers eager to splash out on foreign brands. – Read More on Bloomberg
2. How Glossier turned itself into a billion-dollar beauty brand: When Glossier founder and CEO Emily Weiss first had the idea of launching a beauty startup, she began with 4 products and a simple question: how could you make a beauty brand whose sweatshirt people would want to wear? – Read More on Wired
3. Future of New York’s garment district in doubt as manufacturers driven to Paris, Milan and London – or simply just shut: Exorbitant rate increases have forced many manufacturers to move production abroad – not to China but to Paris, Milan and London. Those European cities are home to more prestigious fashion weeks than New York’s and receive more government support. – Read More on SCMP
4. U.S.-China Trade War Reshaped Global Commerce: China’s loss was Vietnam’s gain, accelerating a long-term trend of Chinese factories moving to Vietnam and other Southeast Asian countries where labor costs are lower. Vietnam’s apparel trade with the U.S. has been growing for years, and clothing made up about a third of the $66 billion in imports from Vietnam last year. – Read More on WSJ
5. ‘Clothing designed to become garbage’ — Fashion industry grapples with pollution, waste issues: “The urge to sell more and more, produce more and get consumers to buy more is still the DNA of the industry. Clothes have a short life span and end up in a garbage dump. That has to change.” – Read More on CNBC
6. RETRO READ: Can the Fashion Industry Ever Really Be Sustainable? Can ethical consumption really exist in the mainstream fashion market? Psychology and behavioral science may suggest that ethical fashion consumption is a pipe dream. – Read More on TFLShare
