New Economic Realities // March 18, 2023 ■ 1 min read
Modern Retail Rundown: SVB’s woes, TikTok faces ban threats and H&M gets into resale
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On this week’s episode of the Modern Retail Rundown, we continue to analyze the latest shakeups in the industry.
The program starts by giving an update on Silicon Valley Bank, including a Chapter 11 bankruptcy filing. It then discusses TikTok’s recent pressure to sell or face a U.S. ban, and how that can impact retailers and brands’ marketing outlooks. Finally, the show looks at how feasible resale is for fast fashion brands like H&M, which just announced a partnership with ThredUp.
The Modern Retail Rundown is released every Saturday morning.