Daily LInks
1. Shein And Temu Swamping Airfreight Capacity, Sending Rates Soaring. Fast-fashion giants Shein and Temu are overwhelming airfreight capacity, leading to soaring shipping rates. The surge in demand for airfreight is putting pressure on logistics networks and causing significant increases in costs for transporting goods. – Read More on The Wall Street Journal
2. Essential Retail Chains Close Dozens Of Stores In Bankruptcy. Major retail chains have resorted to closing store locations this year in out-of-court restructurings as well as Chapter 11 filings to eliminate underperforming units and cut costs. – Read More on The Street
3. Stuck In The Middle Consumer. Consumers today are caught in a complex emotional state, feeling okay about the present but anxious about the future due to various factors such as higher wages, high prices, political fatigue, and global issues. – Read More on WWD
4. Airing The Dirty Laundry Behind Fashion Companies’ Supply Chains. Unethical practices in fashion supply chains, including forced labor and child labor are being exposed, emphasizing the need for transparency and consumer awareness to promote ethical industry changes. – Read More on Fashion Law Journal
5. Is Gap’s Turnaround Finally Working?: Gap’s turnaround strategy shows signs of progress with improved financial performance, strategic store closures, and focus on e-commerce, but challenges remain in sustaining momentum and adapting to changing consumer preferences. – Read More on Business of Fashion
6. AI, NFTs, Stradivarius Violins and a Fashion Revolution at Wimbledon. The Luxury Law Summit in London covered topics such as the impact of AI and NFTs on the luxury sector, the use of Stradivarius violins in unique legal contexts, and innovations in fashion, including at Wimbledon. – Read More on Global Legal Post
