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.
"Moda Operandi's Co-Founder Is Shutting Down Tinker Tailor" (Racked)
"Aslaug Magnusdottir's Tinker Tailor, which specialized in customizable pieces, will cease operations and no longer take orders."
"Apple Plunge Erases $38 Billion as Product Concern Resurfaces" (Bloomberg)
"Apple Inc. shares tumbled, wiping out $38 billion in market value, after disappointing iPhone sales rekindled concerns over whether the company can keep making must-have products."
"Malte Huffmann of Dafiti on Cracking Fashion E-Commerce in Latin America" (The Business of Fashion)
"In the latest instalment of Founder Stories, Malte Huffmann of Rocket Internet-backed Dafiti talks to Vikram Alexei Kansara about building the biggest fashion e-commerce player in Latin America."
"Rocket Internet Says Portfolio Value up 47 Percent from IPO" (Reuters)
"Germany's Rocket Internet said the last portfolio value of its stable of e-commerce investments had risen by 2.3 billion euros ($2.5 billion), or 47 percent, by the end of June from its stock flotation nine months ago."
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"Instagram Poaches Former Lucky Editor-in-Chief Eva Chen in New Fashion Role" (Mashable)
"Chen is joining Instagram at the end of July as its head of fashion partnerships, officially extending the social media platform's reach to designers and brands."
"Ebay-backed Asian E-commerce Company Giosis Lands $82.1M Series A" (TechCrunch)
"Giosis, the eBay-backed company behind e-commerce platform Qoo10, will boost its operations in Asia after landing a $82.1 million Series A led by Singapore Press Holdings (SPH)."
"'Tinder for Fashion' App Mallzee Secures £2.5m in Growth Capital, Blowing Dragons' Den Valuation Out of the Water" (The Telegraph)
"Mallzee, the shopping app described as the "Tinder for fashion" has raised £2.5m to increase its user base from 'hundreds of thousands' to 1m by the end of the year."
At The Business of Fashion’s Professional Summit in New York last week, Sona Abaryan, partner and global retail and luxury sector lead at tech-enabled data science firm Ekimetrics, shared how businesses can more effectively leverage AI-driven insights on consumer behaviour to achieve a customer-centric strategic approach.
From customer loyalty types to its pillars of personalisation, SAP Emarsys customer engagement provides more than 1,500 companies with personalised marketing campaigns via AI-powered analytics, including Puma, Aldo and Reformation. BoF learns more.
Before fashion businesses can put artificial intelligence to work or target the right shoppers online, they need good data and a deep understanding of who their customers are and what they want. This case study offers a guide for brands that want to truly know their customer, allowing them to make smarter decisions that serve shoppers and drive results.
The US House of Representatives approved a bill that could ultimately lead to a ban of the app, but its path forward remains far from certain.