Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
A New York-based startup aims to drive sales by integrating user-generated photos posted to Instagram, Twitter and Facebook directly into e-commerce sites.
In the third of a series of articles on the current state of fashion e-commerce, sponsored by Magento, BoF visits Quiet Logistics, the company whose combination of Kiva Systems robots and human touch powers fulfilment for fast-growing fashion e-tailers, including Nasty Gal, Bonobos and The Fancy.
Lawrence Lenihan, managing director of FirstMark Capital, argues that the Internet provides a new model for building fashion businesses based on passionate and intimate relationships with consumers, but the maximum market size for these companies is inherently capped, something that overcapitalised entrepreneurs, and the investors who fund them, too often fail to recognise.
As money pours into fashion-tech start-ups, at sky high valuations, BoF talks to leading investors to assess the existence of a bubble and understand what separates winning investments from those that are failing.
NEW YORK, United States — For nearly 20 years, eBay has been the dominant player in the market for vintage clothing and accessories. Now, a slew of start-ups are poised to disrupt the business of online fashion resale. The last quarter of 2012 saw a veritable avalanche of activity in the space, including the launch of no fewer than five notable online vintage sites: Byronesque, Bib and Tuck and Nifty Thrifty in October; Vaunte and
Global Briefing | Chinese Fashion Brands Look West (Insight & Analysis) “It’s nearly impossible to go a week without reading about international fashion brands expanding their operations in China. But what about Chinese brands targeting the West?” Op-Ed | What Went Wrong at Aquascutum? (Opinion, Insight & Analysis) “In April of this year, at a time when Burberry posted an 11 percent increase in sales,
Nasty Gal clothing company — as red-hot as its founder’s lipstick (LA Times) “After securing a $9-million investment in January from Index Ventures, which has also backed Facebook and Etsy, Nasty Gal just scored an additional $40 million from the venture capital firm.” Alber Elbaz (WSJ Magazine) “Alber Elbaz is a rare bird in a business oft dominated by ego and drama. Humble, funny and all about the work,
The Art and Science of Valuing Vintage (Insight & Analysis) Falling under the spell of a beautiful dress, a gorgeous pair of shoes or a well-crafted handbag is no strange feeling for followers of fashion. Falling in love with a piece that was first worn 30 years ago and has been waiting, it seems, just for you to discover it, is all the more rare. The Creative Class | Natalie Joos (The Creative Class) “Casting agents are
Nasty Gal’s Sophia Amoruso: Fashion’s New Phenom (Forbes) “In four years her spunky retail fashion site has streaked across the Web, pushing new ways to sell trendy but inexpensive clothing. The company is on its way to quadrupling sales this year to $128 million, racking up gross margins of more than 60%, up there with retail’s most profitable ventures.” Get Ready for Action (NY Times) “With a sneaker
LONDON, United Kingdom — It wasn’t so long ago that many technology analysts made bold predictions on the potential of so-called ‘F-commerce,’ the practice of using Facebook as a direct sales channel. Some even speculated that transactions conducted on Facebook, the world’s most visited website, could threaten e-commerce giant Amazon. But, thus far, selling directly on Facebook has failed to take off. Indeed, in the