The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
"Fossil to Buy Wearable Maker Misfit for $260 Million" (Bloomberg)
"Fossil agreed to acquire Misfit, a maker of wearable devices, for $260 million to shore up its technology as it pushes into smartwatches."
"Retail Enters Third Phase of Digital Evolution" (The Financial Times)
"A battle is raging between technology giants and retailers over who has the most compelling relationship with the customer. The prize will be billions of pounds worth of sales as online retailers, traditional store groups and, increasingly, social media networks fight for a slice of consumers' spending."
"Athos Pushes Up To $51 Million In The Bank With Funding From Chamath Palhapitaya's Social+Capital" (TechCrunch)
"Athos, one of a handful of startups building out its wearable clothing brand, recently closed on $35 million in Series C financing from a number of investors, including Social+Capital."
"Brands Look Far and Wide for a Niche in Virtual Reality" (The New York Times)
"As more devices come to market with the aim of making virtual reality more commonplace, advertisers and agencies hope virtual reality will be the next great medium for persuading consumers to buy stuff."
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"The Potential of Geolocation for Revolutionising Retail" (Harvard Business Review)
"Many retailers, from Macy's to Walgreens, are already experimenting with location-sensing technologies, with most of the focus to date on navigation, location based promotional offers, and reviews of nearby products. However, this is just the tip of the iceberg."
"Caeden, a Wearable Tech Start-Up, Introduces a Smart Bracelet" (The New York Times)
"Caeden, a wearable tech start-up, thinks that with most smartwatches and fitness accessories, an important first step was skipped: They don't look like something you would want to wear."
The nature of livestream transactions makes it hard to identify and weed out counterfeits and fakes despite growth of new technologies aimed at detecting infringement.
The extraordinary expectations placed on the technology have set it up for the inevitable comedown. But that’s when the real work of seeing whether it can be truly transformative begins.
Successful social media acquisitions require keeping both talent and technology in place. Neither is likely to happen in a deal for the Chinese app, writes Dave Lee.
TikTok’s first time sponsoring the glitzy event comes just as the US effectively deemed the company a national security threat under its current ownership, raising complications for Condé Nast and the gala’s other organisers.