Daily LInks
1. Lululemon’s Strong Quarter Vaults It Back Ahead of Nike: The battle between athletic-wear giants this year is heating up in the stock market. Lululemon Athletica Inc. shares jumped as much as 14% Thursday after reporting better-than-expected earnings and raising its guidance for the year as it continues to benefit from the pandemic-driven extended work-from-home period. – Read More on Bloomberg
2. The merch-ization of beauty: “Merch as we used to know it, I would say, seven years ago, was logos on t-shirts.” With the rise of social media, “traditional merch” has evolved to “full products and brands.” – Read More on Glossy
3. Acquisitions Frenzy Hits High Fashion Runways: Bureau Betak, the event and production company, has sold a majority stake to The Independents group. Amid a record-setting spree of mergers and acquisitions in 2021, the deal is the latest in a string of ventures for the growing public relations and marketing agency. – Read More on the WSJ
4. The Business of Forecasting Fashion: “The pandemic has been 18 months of disruption. Climate change is much bigger than that; the access to raw materials, it impacts… So, you’re looking at raw commodity prices there, you’re looking at shipping, aviation, how goods are transported through the supply chain.” – Read More on the WSJ
5. Secondhand Market Presents “Big Opportunity.” Demand for secondhand items “went crazy” during the pandemic as the world increasingly shifted online and supply chain disruptions caused rolling shortages of certain new items. – Read More on PYMNTS
