Why Luxury’s Counterfeit Problem Is Getting Worse

Winning the Travel Boom, Shein Launches Resale

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WHAT YOU NEED TO KNOW TODAY: TUESDAY, OCTOBER 18, 2022 Consumers are buying more counterfeit luxury goods as brands hike prices and fakes become easier to find online. In a blow to luxury brands, the UK cancelled plans to reinstate VAT-free shopping for foreign visitors. Shein became the latest fashion brand to launch resale, though the service is available only to US customers for now. Pent-up demand for travel has created new opportunities for luggage start-ups, especially among Gen-Z consumers.

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LUXURY Why Luxury's Counterfeit Problem Is Getting Worse By Cathaleen Chen

It's easier than ever for consumers to buy fakes online. But the spike in counterfeit sales may also have something to do with how brands themselves are pricing and marketing their products. READ MORE

RETAIL The Next Generation of Luggage Start-Ups By Yola Mzizi While Away won over millennials with its hard-shell suitcase, newcomers in the category are enticing Gen-Z with colourful alternatives as tourism comes booming back. READ MORE

RETAIL Shein Joins Fast Fashion's Push Into Resale By Sarah Kent Big brands are fuelling competition in the fast-growing market as they look to build brand loyalty and benefit from the green glow associated with resale. READ MORE

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