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.
Intel Wants Smart Glasses to Be a Thing (TechCrunch)
"The glasses are called Vaunt and they are nearly indistinguishable from regular glasses. But on the inside of the stems sits a low-powered class one laser, as well as a processor, an accelerometer, a Bluetooth chip and a compass."
Retail Spending on AI to Reach $7.3 Billion by 2022 (Retail Dive)
"In coming years, retailers will spend heavily on AI tools that will enable them to differentiate and improve the services they offer customers. These will include automated marketing platforms that generate tailored, timely offers, and chatbots that provide instant customer service."
How Depop Created a Digital Shopping Revolution (1843 Magazine)
"Twenty-two years after the launch of eBay, an industry has developed around the online resale of clothes. ThredUP, a fashion resale website, estimates the value of the 'recommerce' market, as it is delicately known, at $18 billion in America."
On Road to Autumn IPO, Farfetch Inks Middle East Deal (The Business of Fashion)
"The company has raised over $700 million in funding and is seeking scale as it gears up for an initial public offering, which founder and CEO José Neves has called 'the next financial milestone for the business.'"
JD.Com and Fung Retailing Form AI Partnership (Enterprise Innovation)
"The two companies aim to develop a new retail format for China and Asia. This includes creating an AI-driven retail system that seamlessly integrates online and offline and enhancing consumer experience through solutions such as AI-driven virtual fitting, unmanned stores and smart shopping assistants."
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.