Daily LInks
1. Victoria’s Secret Needs a Different Kind of Angel: The tired lingerie chain is weighing down its parent and badly needs a revamp. Victoria’s Secret accounted for nearly half of L Brands’ $13.24 billion revenue in 2019. But analysts say that profitability is close to zero. – Read More on Bloomberg
2. Christian Siriano has garnered quite the reputation for his willingness to be inclusive with his line. The designer says size inclusivity in fashion is “not that hard, a lot of brands just don’t want to do it.” – Read More on Yahoo
3. Old clothes, new customers: Nordstrom becomes latest big retailer to sell secondhand items. Starting Friday, racks of secondhand clothing will find a home in the company’s Manhattan store. Nordstrom will also begin allowing customers to drop off used clothing, handbags, shoes, jewelry and watches there in exchange for gift cards. Those items will be cleaned and repaired as necessary before being resold. Nordstrom said it will soon begin accepting merchandise by mail as well. – Read More on the Washington Post
4. RETRO READ: The Most Exciting Segment in Fashion Right Now is the Resale Market. Thredup, projects that the total resale retail market will reach $41 billion in revenue by 2022 and $64 billion by 2028 – that is more than the sales in the fast fashion segment of the market. – Read More on TFL
5. Big spenders: Africa’s luxury goods market. Africa’s robust economic growth and booming population have given rise to an ever-expanding affluent class that underpins the growing demand for luxury goods. And it is only expected to grow, as Africa is currently the world’s second-fastest growing region for the consumption of luxury goods, trailing only the Middle East. – Read More on ABM
