On the Glossy Podcast, senior fashion reporter Danny Parisi and editor-in-chief Jill Manoff break down some of the biggest fashion industry news of the week.

This week, we’re putting the focus on Amazon’s Prime Day event, along with the counter-programming from some of its biggest rivals like Walmart. Early data indicates that people may have shopped less this Prime Day, and when they are shopping, two-thirds of their purchases are under $20.

We also talk about Meta’s $3.5 billion investment in the eyewear company EssilorLuxottica. Meta had a surprise hit with its smart glasses, produced by one of EssilorLuxottica’s brands, Ray-Ban, and the investment is likely a precursor to more smart glasses being produced in the future.

Lastly, we delve into why streetwear designer Heron Preston purchased the rights to his brand back from the Italian luxury group New Guards Group. Preston is one of several designers who have taken control of their brand back from New Guards after the company filed for bankruptcy late last year. We discuss not only the state of New Guards, but also the state of streetwear as a whole.

And later in the episode, Jill sits down with Laura Meyer, founder and CEO of Envision Horizons, an agency that helps brands strategize for selling on Amazon and other marketplaces.