漫画/高岳 在数字时代，一张张可爱的孩童照片，是家庭的温馨记忆，却可能在不经意间成为商家吸引眼球的"免 费广告"，"不知情""素材来自网络"则被商家拿来当免责的理由。那么，商业使用他人肖像的法律边界 何在？商家应该担负什么样的法律责任？而孩子又该如何维护自己的肖像权呢？ 近日，浙江省湖州市吴兴区人民法院审结的一起涉未成年人案件，将未成年人肖像权保护这一议题再次 推向公众视野，为网络空间未成年人权益保护敲响警钟。该案不仅是吴兴区首例信息网络侵犯未成年人 肖像权案件，更因其"法检联合"的支持起诉模式，彰显了司法机关织密未成年人保护网的决心与行动 力。 网店免费广告 出生于2017年的小江（化名），在母亲陈女士的监护下从事童模工作，其拍摄的多组宣传照片被发布在 某短视频平台等社交平台。这些经专业拍摄并具有一定商业价值的影像，却在未被告知的情况下，出现 在了一家陌生网店的商品页面上。 转自：北京日报客户端 湖州某服饰有限公司在其运营的天猫店铺中，未经任何授权，擅自将小江的19张肖像照片用于四款不同 童装商品的宣传页面，相关链接标题如"又酷又飒的女童春秋款""2025新款儿童加绒大童秋款运动 裤""女装韩系高级感上衣条 ...

Core Insights - The sudden popularity of the Sam's Club RR women's down jacket priced at 499 yuan reflects a structural transformation in the Chinese consumer market, where traditional business logic faces unprecedented challenges as consumers vote with their feet [1][5] Pricing Strategy - The jacket's competitive edge lies in its price of 499 yuan, offering features typically found in products priced over 1500 yuan, with a filling weight of 400 grams for size M and 421 grams for size L, and an 80% down content [3] - Sam's Club disrupts the industry pricing structure by leveraging supply chain advantages, reducing procurement costs by 30% through global sourcing, and eliminating marketing expenses, thus passing savings onto product quality [3] Consumer Behavior Shift - The jacket's success challenges the assumption that female consumers prioritize style over warmth, as social media has seen the emergence of consumer-led "warmth evaluation alliances" that scientifically compare insulation performance [3] - Data shows that in a -10℃ environment, the temperature drop for Sam's jacket is 42% lower than that of a popular influencer's down jacket, indicating a shift from emotional to rational consumer behavior [3] Market Dynamics - Traditional down jacket brands face a dilemma as their products maintain a filling weight of 120-150 grams but have seen price increases from 800 to 2500 yuan, leading to increased inventory turnover days by 22 days year-on-year [4] - Young consumers are now using "price per gram of filling" as a key metric, pushing traditional brands into a value trap [4] Industry Response - Some brands are initiating transformations in response to market pressures, with a unique gray market emerging on second-hand platforms where resellers control prices within a 20-40 yuan range [4] - Sam's Club is testing a "limited pre-sale" model, requiring a 50 yuan deposit to secure purchase rights, which enhances inventory turnover rates to 98% and compresses reseller price markups to under 10 yuan [4] Future Trends - The rise of 400 grams of filling as a new industry standard signifies a deeper transformation in the Chinese consumer market, emphasizing functional value over emotional value [5] - The year 2026 is predicted to mark a significant victory for consumers focused on product specifications, with sales of items that specify functional indicators expected to exceed 60% by 2027 [6] - The success of Sam's Club indicates that warehouse-style membership stores are becoming the new consumer landscape, with their simplistic display methods interpreted as a lack of premium pricing [6]

Core Concept - GAP collaborates with Chinese Peking Opera to launch a limited edition collection, blending traditional cultural aesthetics with contemporary fashion, promoting self-expression and cultural resonance through the theme "A New Performance of Good Drama" [1][11] Group 1: Cultural Integration - The collaboration emphasizes music as a universal language that transcends time and space, aiming to bridge the gap between traditional opera and modern youth culture [1][2] - Peking Opera, with its rich history, embodies a spirit of inclusivity and diversity, aligning with GAP's brand ethos of connecting generations and embracing individuality [2][11] Group 2: Collection Themes - The collection features five themes inspired by classic Peking Opera performances: "Fortune," "Reunion," "Success," "Rhythm," and "Growth," each incorporating traditional elements into modern styles [5][6] - Each theme conveys auspicious meanings, such as wealth, harmony, confidence, and exploration, transforming traditional blessings into contemporary expressions for the New Year [6][8] Group 3: Design Elements - The designs incorporate traditional Peking Opera symbols, such as cloud shoulders and flowing sleeves, reinterpreted in modern clothing to enhance comfort and style [8][9] - Details like ancient coin patterns and traditional knot designs are included to symbolize prosperity and peace, making each piece a narrative of cultural significance [8][9] Group 4: Brand Localization Strategy - The launch of this collection represents GAP's commitment to deepening its localization strategy in the Chinese market, moving beyond mere symbolic integration to achieve a profound creative fusion [11] - GAP's initiatives, including collaborations with local cultural IPs and music festivals, aim to strengthen emotional connections with consumers while maintaining a global brand identity [11]

Group 1 - The Nikkei 225 index rose by 1.61% to close at 51,939.89 points, while the Tokyo Stock Exchange index increased by 0.85% to 3,514.11 points [1][2] - The rebound in the Tokyo stock market was influenced by the overnight rise in the Dow Jones Industrial Average, which encouraged a slight opening increase [1] - Export-related stocks benefited from a weaker yen against the dollar, with companies like Toyota seeing significant gains [1] Group 2 - The majority of the 33 industry sectors on the Tokyo Stock Exchange experienced gains, with mining, transportation machinery, and fiber products leading the increases [2] - Conversely, sectors such as fisheries, agriculture, non-ferrous metals, and precision machinery saw declines [2] - Fast Retailing, the parent company of Uniqlo, raised its earnings forecast after reporting results, leading to a notable rebound in its stock price [1]

日经225指数收盘上涨1.6%，报51，939.89点，迅销和汽车股领涨。日本股市走高，得益于日元走软和 美国经济强劲的迹象。投资者将密切关注外交关系，以及定于今日晚些时候公布的美国就业数据。 迅销（Fast Retailing）股价飙升至纪录高点，此前该公司公布了强劲的季度业绩并上调了年度业绩预 期。该股收盘上涨超10%，股价报62600日元。在过去三年中，该股只有三次录得超过7%的单日百分比 涨幅。 优衣库（Uniqlo）的日本母公司在周四收盘后表示，截至11月的三个月，公司净利润同比增长12%，至 1，474.5亿 日元。这一数字超过了Visible Alpha调查的分析师平均预期的1，320亿 日元。该公司目前预 计，截至8月的财政年度，年度净利润将增长3.9%，至4，500亿 日元，高于此前预测的4，350亿 日 元。 日本政府周五公布的数据显示，11月日本家庭支出意外同比增长，从10月的大幅下降反弹，与民间消费 逐步复苏表现一致。总务省数据显示，11月所有家庭支出同比增长 2.9%，市场预测中值为下降 0.9%。 数据显示，经季节性调整后，11月家庭支出环比增长6.2%，远高于市场预期的增长2.7 ...

Core Viewpoint - Fast Retailing (06288) shares rose over 8%, reaching a historical high, following the release of its Q1 FY2026 earnings report, which showed significant revenue and profit growth [1] Financial Performance - Revenue for the first quarter ending November 2025 was 1,027.745 billion yen, an increase of 14.8% year-on-year [1] - Net profit for the same period was 147.445 billion yen, reflecting a year-on-year increase of 11.7% [1] Future Projections - The company expects an annual operating profit of 650 billion yen, revised up from a previous estimate of 610 billion yen, and above market expectations of 616.25 billion yen [1] - Projected annual net profit is now 450 billion yen, up from an earlier forecast of 435 billion yen, also exceeding market expectations of 444.36 billion yen [1]

Core Viewpoint - The company is facing legal challenges related to transactions involving Esprit Europe B.V. and is taking measures to protect its interests amid claims from the bankruptcy trustee [1][2]. Group 1: Legal Proceedings - The bankruptcy trustee of Esprit Europe has requested compensation from the company and its subsidiary, Wan Cheng Resources, for alleged damages to the interests of Esprit Europe's creditors due to certain transactions [2]. - The company has sought legal advice regarding the claims and has been informed that any Dutch judgment must comply with the relevant regulations in Hong Kong, specifically the Foreign Judgments (Reciprocal Enforcement) Ordinance [2]. - The company asserts that the claims made by the trustee lack sufficient factual basis and that the Dutch claims cannot be enforced in Hong Kong due to the nature of the proceedings [2]. Group 2: Financial Transactions - Prior to its bankruptcy, Esprit Europe transferred shares valued at €56.48 million to Wan Cheng Resources, which were purchased for €10.2 million, partially offset by shareholder loans provided by the company [1]. - The company also holds claims against Esprit Europe amounting to approximately €28.2 million and debts of about €11.3 million related to non-European group companies, which were intended to offset shareholder loans of around €16.86 million [1]. - After these offsets, there remains a balance of over €49 million in shareholder loans that have not been repaid [1].

迅销（Fast Retailing）公布，得益于旗下优衣库（Uniqlo）休闲服装连锁店的全球增长加速，该公司第 一财季营收和利润双双走强。 这家优衣库及其他品牌的日本母公司周四表示，在截至11月的三个月里，其净利润同比增长12%，至 1474.5亿日元（相当于9.405亿美元）。该净利润好于Visible Alpha在对分析师的调查中得出的1320亿日 元预估值。 迅销（Fast Retailing）公布，得益于旗下优衣库（Uniqlo）休闲服装连锁店的全球增长加速，该公司第 一财季营收和利润双双走强。 这家优衣库及其他品牌的日本母公司周四表示，在截至11月的三个月里，其净利润同比增长12%，至 1474.5亿日元（相当于9.405亿美元）。该净利润好于Visible Alpha在对分析师的调查中得出的1320亿日 元预估值。 第一财季营收也超过预期，增长15%，至1.028万亿日元。营业利润猛增34%，至2109.1亿日元。 强劲的财季业绩促使迅销上调了年度利润预期。对于9月份开始的财年，该公司预测净利润为4500亿日 元，营收为3.800万亿日元，高于此前预测的净利润4350亿日元和营收3.750万亿日 ...

Core Viewpoint - FAST RETAIL-DRS reported significant growth in both total revenue and operating profit for the first quarter of the fiscal year 2026, indicating strong performance across its UNIQLO brand globally [1] Financial Performance - Total comprehensive income for the first quarter reached 1,027.7 billion yen, a year-on-year increase of 14.8% [1] - Operating profit, calculated as total comprehensive income minus cost of sales and selling, general and administrative expenses, amounted to 205.6 billion yen, reflecting a 31.0% year-on-year growth [1] - Pre-tax profit totaled 226.6 billion yen, up 15.3% compared to the previous year [1] - Profit attributable to the parent company reached 147.4 billion yen, marking an 11.7% increase year-on-year [1] Margin and Cost Efficiency - The overall gross profit margin improved to 55.2%, an increase of 0.7 percentage points year-on-year [1] - Selling, general and administrative expenses as a percentage of total revenue decreased to 35.2%, improving by 1.7 percentage points year-on-year [1] Financing and Currency Impact - Net financing income and costs recorded an increase of 15.7 billion yen, driven by net interest income of 11.4 billion yen and a foreign exchange gain of 4.2 billion yen from the revaluation of assets in yen [1]

【迅销第一季度业绩超预期，上调全年盈利预测】1月8日消息，迅销第一季度营业利润达2109.1亿日 元，高于市场预期的1752.1亿日元。第一季度净利润为1474.5亿日元，超出市场预期的1301亿日元。第 一季度净销售额为1.03万亿日元，也高于市场预期的9902.4亿日元。此外，迅销预计全年营业利润6500 亿日元，此前预计为6100亿日元，高于市场预期的6162.5亿日元。预计全年净利润4500亿日元，此前预 期为4350亿日元，亦高于市场预期的4443.6亿日元。 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 【迅销第一季度业绩超预期,上调全年盈利预测】 1 月8日消息,迅销第一季度营业利润达2109.1亿日 元,高于市场预期的1752.1亿日元。第一季度净利 润为1474.5亿日元，超出市场预期的1301亿日元。 第一季度净销售额为1.03万亿日元,也高于市场预 期的9902.4亿日元。 此外,迅销预计全年营业利润 6500亿日元,此前预计为6100亿日元,高于市场预 期的6162.5亿日元。预计全年净利润4500亿日元, 此前预期为4350亿日元,亦高于市场预期的4443.6 亿日元 ...