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.
NEW YORK, United States — Social-media influencing has become such a part of life for young Americans that an overwhelming majority say they are interested in getting paid to promote products on sites such as Instagram and YouTube. No less than 86 percent of people ages 13 to 38 are willing to try out influencing, according to a survey from Morning Consult. But only 12 percent currently consider themselves to be influencers. Add in that advertisers are desperate to find ways to connect with a cohort that spends less time watching television and more time on social media feeds, where there is plenty of room for growth.
There’s little reason to see why this will slow down, according to the survey. This group already trusts influencers more than celebrities and athletes and more than half have made a purchase based on a recommendation from someone in their feed. Plus, 61 percent say they are already posting online about brands they like without receiving any compensation, so why not get paid?
By Matthew Townsend; Editor: Lisa Wolfson
Fast Company has named The Business of Fashion one of the ‘world’s most innovative companies’ for a second time for demonstrating ‘how a media brand can leverage AI to add reader value rather than erode trust with AI-written news articles.’
The ByteDance-owned app has big ambitions to be an e-commerce player in league with Amazon with influence in fashion on par with Instagram. Now it’s facing new threats — both from outside and within.
The production will take place on June 23rd on Place Vendôme and feature fashion content overseen by Carine Roitfeld, Ibrahim Kamara and fashion historian Alexandre Samson.
Condé Nast said it is searching for a successor to take over after Zhang, whose appointment never became less divisive.