Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
The company, which announced the departure of longtime Chief Executive Officer Mike Jeffries yesterday, needs a successor who can appeal to today’s teens in an industry suffering from e-commerce competition and shrinking foot traffic.
Delia’s Inc. said it was liquidating assets and would file for Chapter 11 bankruptcy protection “in the very near term,” becoming the second teen retailer to go out of business in as many days.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Recent surveys have found that members of the U.S. Millennial Generation — the roughly 80 million Americans born between 1977 and 2000 — pride themselves on their individuality, and shop accordingly.
NEW YORK, United States — CJ Chu is a retailer’s nightmare. The 24-year-old associate for a private-equity firm does “99 percent” of his shopping online — even toothpaste. He’d rather buy groceries on the Web than walk to the supermarket.
More than previous generations, millennnials want social responsibility and transparency from the brands they buy. Fashion companies that fail to change risk losing relevance, argue Maxine Bédat and Soraya Darabi.
Why Henry Holland is more than a figure of fashion fun (Independent) “Holland has been making people talk since 2006. It was at London Fashion Week that the public first saw his slogan T-shirts, when designers Gareth Pugh and Giles Deacon took their post-show bows, each wearing a Holland design in homage to the other. ‘Get yer freak on, Giles Deacon,’ read Pugh’s. ‘UHU, Gareth Pugh,’ said
http://www.youtube.com/watch?v=BmogH4tp0Vw Engaging The Millennial: Augmented Reality And The Wired Generation (Luxist) “Millennials have grown up linked by BlackBerries, Androids, IPhones, computers, IPods, and video games. This is the generation of Wii, Facebook, Twitter, free downloads, access to just about everything. How do luxury brands engage these mindsets?” J. Crew $10 Million Settlement of TPG Buyout Suit
What Do Girls Want? (NY Times) “You can understand why brands like Chanel want to limit their Web exposure, but what happens to interest if the immediate outlet is blocked? This is not a generation that will wait to get a number for admission.” Style.com’s Faces Off With Vogue (WWD) “Right after Labor Day, Style.com, once the online home of W and Vogue but now a brand in its own right, will face some stiff