The Luxury Online Fashion Market Is Set to More Than Triple by 2025 (Quartz)
"Online sales of personal luxury goods, which are currently about €20 billion ($25 billion), or 8 percent of the total luxury market, will more than triple by 2025, reaching about about €74 billion, while Amazon is on track to grab nearly 16 percent of the US apparel market by 2021."
Stitch Fix Falls 6 Percent After Posting Earnings (TechCrunch)
"The company saw its shares quickly fall 6 percent following the bell on Monday, after posting its second-quarter release. Revenue for the quarter surpassed expectations. The company brought in $295.9 million, 24 percent above last year and better than the $291.24 million predicted."
How L'Oréal Is Using Tech to Make Thousands of Custom Skin Shades (Adweek)
"L’Oréal is aiming to change that with two experiences at South by Southwest which will analyse consumers’ skin, then mix up custom-made foundations and serums. They are the latest projects from the beauty brand’s 30-person innovation lab."
Harvey Nichols Partners With Farfetch in Online Push (The Business of Fashion)
"High-end British department store Harvey Nichols will team up with online fashion retailer Farfetch to sell accessories and clothes through the platform as it looks to boost web sales, the companies said on Monday. This deal marks its first tie-up with a department store."
Alibaba's Jack Ma and Joe Tsai Are Pumping $20 Million Into Rent the Runway (TechCrunch)
"The deal is said to value the New York City start-up at nearly $800 million. Co-founder and chief executive Jennifer Hyman said her company, which is profitable on an EBITDA basis, was not planning on raising new funding but saw this as a rare opportunity at an advantageous time in the business’ lifecycle."