Daily LInks
1. Sustainable Business Went Mainstream in 2021: Virtually all of the world’s largest companies now issue a sustainability report and set goals; more than 2,000 companies have set a science-based carbon target; and about one-third of Europe’s largest public companies have pledged to reach net zero by 2050. – Read More on HBR
2. Should Retailers Split E-Commerce from Stores? A High-Level Debate: Mr. Metrick said that since the split he has upgraded Saks’s website, improving its searchability. Boxes shipped from Saks.com now arrive in fancier packaging with self-adhesive return labels. The number of available styles on Saks’s website has increased by 40% and the number of brands by 20%. – Read More on the WSJ
3. What Will Travel Retail Look Like in 2022? According to a Goldman Sachs report, the prospects for the global travel retail industry are bright, as they expect to see a massive jump from today’s $89 billion to $149 billion by 2025. And Chinese consumer spending is an integral part of this growth, with their spending expected to increase from 48 to 56% by 2025. – Read More on Jing
4. RETRO READ: How a Decline in Chinese Tourists Around the World Has Hit the Luxury Sector. Around the world, people buy and display luxury goods – from fancy cars to expensive watches and handbags – as status symbols. This is especially the case for the post-90s Chinese woman who seeks to distinguish herself from others in various ways. – Read More on TFL
5. Middle Eastern designers are claiming their own space in fashion: “Middle Eastern shoppers want to be diverse without compromising on quality. By purchasing local and regional designs they can achieve that.” – Read More on CNN
6. Three Trends to Watch for After a Year of Retail Innovation: Consumers are watching retailers’ moves and have great interest in what the companies they buy from are doing to make the world around them a better place. Nike recently announced plans to design and sell products tied to consumers’ values on topics such as diversity and inclusion, underrepresented athletes and more. – Read More on PYMNTS
