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.
The Latest Hot E-Commerce Idea in China: The Bargain Bin (The New York Times)
"The Pinduoduo app's main page is a bottomless cascade of groceries, fast fashion, household sundries and electronic bric-a-brac — all carrying wildly improbable price tags. For the established big shots of Chinese e-commerce, it is unwelcome news that many shoppers will buy very nearly anything if the price is right."
US Retailers Lead World in Data Breaches (Retail Dive)
"Data breaches increased significantly last year, and while retailers are spending big to counter them, a recent report from Thales eSecurity said the money is not being spent well. Retailers reporting significant breaches recently included Macy's, Bloomingdales and Saks Fifth Avenue amongst others."
How AI Is Changing Sales (Harvard Business Review)
"Today, an AI algorithm could tell you what the ideal discount rate should be for a proposal to ensure that you're most likely to win the deal by looking at specific features of each past deal that was won or lost."
How Louis Vuitton Upped Its Digital Game in China (Jing Daily)
"From cutting prices on the mainland to extending its e-commerce reach across China, French powerhouse Louis Vuitton has been aggressively upgrading its offerings for Chinese consumers in recent weeks."
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.