Daily LInks
1. More retailers file for bankruptcy twice as they struggle with rising debt, pressure from Amazon: Part of the problem is that it is only becoming more difficult to remain relevant as a retailer in an age where Amazon is dominating more categories online as consumers shop from their couches instead of in stores. – Read More on CNBC
2. Prada’s New Fans Could Be Fashion Victims: The label’s shares are now almost as expensive as those of ultra-luxurious Hermès as a multiple of projected earnings. Chances are, the stock is benefiting from speculation about which luxury brand will be taken over next. – Read More on WSJ
3. Direct-to-consumer’s lasting impact on fashion: Fashion and beauty upstarts like Outdoor Voices, Everlane and Glossier have demonstrated how to market to customers online without the help of multi-brand retailers and, in doing so, gave customers a new way to shop. – Read More on Vogue Biz
4. A Top L Brands Executive Complained of Harassment. Then She Was Locked Out: Monica Mitro was until last fall the executive vice president of public relations for Victoria’s Secret, raising serious questions about L Brands’ commitment to its policy of protecting against retaliation. – Read More on the NY Times
5. Farfetch raises $250M to accelerate global growth: The investment capital will support its long-term strategy as it aims to become an international tech platform for luxury brands, including in the Chinese market, according to a company statement. – Read More on Retail Dive
