Daily LInks
1. Demand for Luxury Products Exposes Widening Inequality in India: Household spending trends ahead of India’s main festive season are flashing warning signs of a widening chasm in demand recovery as inflation hovers around 7% and unemployment keeps on rising. – Read More on Bloomberg
2. Luxury Retailers Double Down on US Expansion, Including Moves into Smaller Markets: Ralph Lauren plans to open 250 stores through 2025, citing opportunities in and around cities like San Francisco, Seattle, and Denver. Chanel has opened 15 new locations in the U.S. since the onset of the pandemic. – Read More on Costar
3. Asia’s largest metaverse platform Zepeto ramps up global expansion: Asia’s largest metaverse platform, Zepeto, is stepping up its global expansion as it looks to compete against the Big Tech groups that are betting billions on creating avatar-filled virtual worlds. – Read More on the FT
4. Pound plunge means even higher prices for UK consumers: British consumers are likely to face a further hike in prices of clothing and homewares following the pound’s plunge against the dollar, consultants McKinsey said on Tuesday. – Read More on Reuters
5. Brands Review Data Privacy Policies After $1.2 Million Sephora Settlement: More co. are taking notice of California’s data privacy laws after the state said last month that Sephora had agreed to pay $1.2 million in penalties for alleged violations related to its targeted advertising practices. – Read More on the WSJ
