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.
The RealReal Hunts for More Funding Amid IPO Buzz (Retail Dive)
"Re-commerce upstarts like The RealReal, which has snagged the luxury end of the market, are growing 20 times faster than the broader retail market and five times faster than off-price retailers, which offer a similar treasure hunt."
Robots Will Replace Humans in Retail, Says JD.com's Richard Liu (The Business of Fashion)
"Robots will eventually replace human workers in the retail industry, the chief executive of Chinese e-commerce company JD.com predicted. However, Liu said he thinks it will take another decade for technology and shoppers to be ready for fully automated stores."
The Ethically Murky Marriage of Technology and Beauty (Engadget)
"While on the surface company efforts appear to be well-meaning efforts to promote diversity and inclusivity, the industry needs to carefully examine every step as it moves forward or risk exacerbating problems around perceived ideals in beauty."
What Does the Amazon Echo Look Mean for Personal Style? (Racked)
"The Echo Look won't tell you why it's making its decisions. And yet it purports to show us our ideal style, just as algorithms like Netflix recommendations and Spotify Discover feeds promise us an ideal version of cultural consumption tailored to our personal desires."
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.
Global Livestream – Friday, March 22, 2024
They’re influencing what consumers see, like, buy and wear, and not always for the best.