Fashion 2.0
15 May, 2012 | by Vikram Alexei Kansara

Fashion 2.0 | Commerce That’s Curated Just for You

Looklab Screenshot | Source: Looklab.com

NEW YORK, United States — Finding fashion products online that fit personal parameters like taste, style, size, body shape, eye colour, hair colour and skin tone; are right for a particular mood or upcoming event; and can be nicely mixed-and-matched with the existing contents of a user’s closet, all while quickening the pulse and providing a feeling of discovery, is a problem that offers tremendous opportunity for would-be innovators.

In a detailed blog post last month, leading movie subscription service Netflix, known for having one of the world’s most effective personal recommendation engines, revealed a remarkable statistic. “We have adapted our personalisation algorithms… in such a way that now 75 percent of what people watch is from some sort of recommendation,” wrote Xavier Amatriain and Justin Basilico, who work in the company’s personalisation science and engineering department. But in the complex market for fashion, with its subjective tastes, trend cycles and gatekeepers, many debate whether Netflix-style recommendation algorithms are the answer.

The failure, last September, of Google’s Boutiques.com — a fashion site that promised perfectly personalised product selections powered by “machine learning” — seemed to sound something of a death knell for purely algorithmic recommendations in fashion. And yet, despite the spectacular rise of social curation sites like Pinterest, which features thousands of fashion products hand-picked by humans, simply presenting users with items shared by the people they follow is also an imperfect solution to the personal relevance problem.

Now, a number of ambitious start-ups are aiming to offer consumers more sophisticated personalised product selections and styling advice by building expert curation into their online business models.

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11 May, 2012 | by BoF Team

Digital Scorecard | Jimmy Choo 24:7 Stylemakers

LONDON, United Kingdom – By now, social media marketing has become de rigueur for luxury and fashion brands looking to engage end consumers. And indeed, more and more luxury brands are following in the footsteps of first movers and building community-oriented experiences that allow fans to upload their own content which (once carefully curated) can be shared across these sites and the wider social web, earning attention in a way that’s often more cost-effective and authentic than traditional advertising units.

Back in 2009, Burberry led the charge with Art of the Trench, a website that enabled fans to explore, upload and share street-style images featuring Burberry trench coats. According to a presentation on future advertising models by digital agency Made by Many, the site attracted over 330,000 visitors, earned the equivalent of £6.8 million in press coverage and drove an 85 percent increase in trench coat sales, all in the first three months.

But while early adopter Burberry succeeded in driving both positive PR and business results, what about those who have followed in its footsteps? In recent cycles, Hermès, Tiffany & Co. and Bergdorf Goodman have all launched similar initiatives. And just last week, Jimmy Choo previewed its own community-oriented street-style site, Choo 24:7 Stylemakers, at a breakfast at London’s chi-chi Arts Club. Taking its cues from Art of the Trench, which engaged Scott “The Sartorialist” Schuman to shoot many of the images that populate the site, Jimmy Choo hired street-style photographer Eddie Newton, as well as street-style darling Caroline Issa, who is acting as London brand ambassador.

BoF spoke with Dana Gers, Jimmy Choo’s global senior vice president of communications to learn more.

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24 April, 2012 | by Imran Amed, Editor

The Business of Blogging | Tavi Gevinson

By now, the whole fashion industry is on a first-name basis with fifteen-year-old Tavi Gevinson. But has she successfully turned her blogging fame into a bonafide business? In our latest installment of The Business of Blogging, we find out about Tavi’s bottom line and how she is managing the various roles she plays, from normal teenager to global blogging sensation and everything in between.

CHICAGO, United States – Of all the figures who quickly rose to international fame and notoriety as fashion blogging took flight a few years ago, the youngest by far – and perhaps the most controversial – was Tavi Gevinson, the pint-sized suburban Chicagoan who started writing a blog called Style Rookie from her bedroom in March 2008 at the age of eleven.

At first, Style Rookie was a mixture of personal reflections, runway reviews and photos about Gevinson’s daily outfits. In October of 2008, Teen Vogue described Tavi as having “dead-on style observations and fearless fashion sense.” Indeed, unlike the more typically pretty clothes worn by most of her blogging contemporaries, Gevinson mixed thrift-store finds with more cerebral pieces from Comme des Garçons and Rodarte.

“I was really obsessed with musicals and I was really into the idea of how [for] each character there is a completely different set of costumes and different style of music and everything, and I guess fashion just went well with that?” Gevinson wonders aloud, at her choice of outfits. It was Tavi’s passionate critiques and honest commentary on the fashion industry and its idiosyncrasies, however, that really set her apart and soon earned her sought-after gigs writing for magazines like Harper’s Bazaar and POP.

Some observers wondered whether Tavi was a hoax, backed by an organised team of managers looking to manufacture an Internet star. But anyone who met Tavi in person quickly realised that she was the real deal. A kind of prodigy, Tavi was polite, charming, articulate and a self-described pop culture nerd, and in many ways, quite unlike anyone else who has ever held the attention of the entire fashion industry.

In recent years, Gevinson has extended her influence well beyond her blog, speaking at conferences, starring in films, appearing in advertising campaigns and, mostly importantly, founding Rookie, “a new site for teenage girls” – part life-guide, part conversation, and part rebellion – of which Ms. Gevinson is the editor-in-chief. And all this before turning sixteen years old.

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19 April, 2012 | by BoF Team

Fashion 2.0 | Top 10 Fashion Films of the Season

NEW YORK, United States — What makes a successful fashion film? Is it a strong visual concept? Content that can be quickly parsed? A savvy distribution strategy? Humour? Provocation? A famous model or a catchy soundtrack? Creating compelling fashion videos has always been more art than science. But as we set about compiling our ranking of this season’s best films, we saw some interesting commonalities.

While Cartier’s 3-minute CGI epic “L’Odyssée de Cartier” — which has appeared on network television and earned 14 million views on YouTube in just over a month — is a clear exception, the average length of the most successful films has dropped noticeably from just a few seasons ago. Indeed, several of this season’s top picks, including films from Lanvin, Prada, ASOS, Alexander Wang and Balenciaga, are better attuned to the short attention spans of today’s internet users and last no more than 1.5 minutes, a length that could shrink further in seasons to come.

Unlike the Cartier film, many of the season’s best videos also avoid cost-intensive cinematic grandeur in favour of the unconventional techniques and quirky aesthetics that seem to resonate most online.

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10 April, 2012 | by BoF Team

Elevator Pitch | The IOU Project

We were delighted with the response to the first installment of the Elevator Pitch, a new recurring feature on BoF that showcases one exceptional fashion-technology start-up and provides valuable feedback from a panel of fashion, technology and investment experts, as well as the wider BoF community.

MADRID, Spain — Today, we are pleased to share an Elevator  Pitch from Kavita Parmar, co-founder of The IOU Project.

THE PITCH

What is your business idea and what problem is it solving?

Our mission is to promote responsible consumption by disrupting existing supply chains and transforming them into what we call ‘prosperity chains’, where products are embedded with full traceability from artisan to consumer. It is an internet-enabled community building tool for companies seeking to link their customers emotionally to the their brand values, a real expression of 21st century product customisation brought to the mass market, and a way to cater to three powerful emerging consumer trends:

  • Desire to know the provenance of products. Consumers, armed with technology and near-instant access to information, increasingly demand greater transparency with respect to how products are manufactured.
  • Commerce as a means for the exchange of ideas. The market is cluttered with options and consumers are more likely to choose products of lasting value with an authentic story, one that makes them feel good and resonates emotionally with their beliefs.
  • Social networks are unleashing the power of social commerce built on personal recommendations from friends over traditional advertising.

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