Apple Watch Outperforms Swiss Watchmakers (The Times)
"Apple sold more watches than the entire Swiss watchmaking industry at the end of last year, in the latest sign of the marketing might and manufacturing power of the world’s largest company. It was driven by the release of the third version of the Apple Watch."
Amazon and Target Are in a War over Apparel (Retail Dive)
"Shoppers who bought clothing or footwear on Amazon.com were most likely to have previously purchased those types of items from Target. There was more overlap between the two than Amazon and Walmart, when looking at apparel."
The Lucrative World of Facebook Buy-Sell-Trade Groups (Racked)
"People have been using BST groups for years. But when Facebook added the 'sell' button as a feature in 2015, it streamlined the process for buying and selling items.Several of the larger apparel groups, including the Lululemon one, have over 50,000 members."
25% of UK Retailers Find Tech Disrupts Customer Connection (Retail Dive)
"Retailers said they were disappointed in their return on investment from technology projects, and also felt that increasing digital technology deployment makes it more difficult to enable face-to-face relationships with customers."
Chanel Strikes Farfetch Deal to Augment Boutiques (The Business of Fashion)
"The tie-up with Farfetch will focus on deploying the company’s 'operating system' for physical retail to enhance Chanel’s boutique experience. As part of the deal, Chanel is investing in Farfetch. The terms of the transaction were undisclosed."