Should Brands Launch Resale?

Keeping the 15 Percent Pledge

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WHAT YOU NEED TO KNOW TODAY: MONDAY, FEBRUARY 8, 2021 From M.M. LaFleur to Levi's, brands are piling into the resale market, though plenty of questions remain. Macy's, Gap, Sephora and others have pledged to improve their records on diversity, but there's work to be done. The US Congress is debating a $1.9 trillion economic stimulus package that could buoy fashion retailers. LVMH-backed L Catterton is pulling ahead in the bidding for Birkenstock.

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RETAIL For Brands, Is Resale Actually Worth It? By Cathaleen Chen

The secondhand market is booming, and a growing number of labels are piling in. But selling pre-worn trousers and handbags online — and turning a profit — is challenging. READ MORE

RETAIL Retailers Pledged Action on Diversity. Delivery Is Proving More Elusive. By Chantal Fernandez

Public pressure, especially from the 15 Percent Pledge, pushed many US-focused businesses to disclose information and promise progress, but the industry is still largely in a planning and promises stage. READ MORE

RETAIL What Fashion Can Expect From Biden's Stimulus Plan By Brian Baskin

This week, everyone will be talking about aid talks in Washington, fashion's commitments to carry more Black-owned brands and the start of the Lunar New Year holiday. READ MORE

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NEWS BRIEFS L Catterton Inches Ahead in $5 Billion Birkenstock Bidding

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