Daily LInks
1. How Luxury Can Navigate China’s Zero-Covid Policy: Compared to the first wave of pandemic lockdowns in 2020, China’s latest wave has impacted luxury’s more bankable higher-tier cities, like Shanghai and Beijing, and is much more stringent. – Read More on Jing
2. After Covid-era boom, newly public tech stocks hit first major hurdles: Tech companies are often especially vulnerable during an economic downturn, because most of these early-stage enterprises aren’t profitable, relying instead on venture capital investments to cover expenses while they focus on rapid growth. – Read More on CNBC
3. Luxury Brand Tapestry Reports Positive Q3: Tapestry noted a double-digit growth in all of its brands for the third quarter of fiscal 2022, which ran for three months up to April 2, and 13% overall revenue growth, according to the company press release on May 12. – Read More on PYMNTS
4. U.S. inflation simmers, worst of price gains likely behind: Consumers got some relief, with apparel prices falling 0.8%. The biggest drop there since May 2020 ended six straight months of increases. – Read More on Reuters
5. How U.S. Companies Are Supporting Workers on Abortion: When Texas last year banned procedures after the six-week mark, some companies in the state condemned the move, arguing that it would deter top talent, and offering assistance to workers seeking abortions. – Read More on Bloomberg
