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.
"How Shoptiques' 30-Year-Old CEO Is Using Tech to Take Indie Boutiques Global (and Make Millions)" (Forbes)
"The startup has raised $3 million to date from top investors like Andreessen Horowitz, Greylock Partners, Benchmark, SV Angel, William Morris Endeavor Agency and Y Combinator."
"Myntra to Unveil New Social App" (The Times of India)
"The Flipkart-owned online fashion retailer is aiming to double the gross merchandise value of goods sold on the platform to $1 billion in 2016. Mantra shut its website and moved to an app-only platform in May this year."
"Le Tote's Clothing Rentals App Lets You Seek Out New Outfits From Your iPhone's Search Screen" (TechCrunch)
"Online shoppers looking to spice up their wardrobe on a more regular basis can now download a new app from Le Tote, a 'Netflix-for-clothing' type of service backed by Andreessen Horowitz, Google Ventures and others, which launched to the public this week."
"Baublebar and Jawbone Collaborate on a Bracelet for the Wearable Tech Market" (Fashionista)
"This type of partnership is a first for both companies — Jawbone with a jewelry brand, BaubleBar with a tech brand. The two were introduced by their joint investor, Chris Burch."
The tech giant unveiled its new augmented-reality headset, showing off a variety of features and uses as it tries to create the first mainstream consumer hit in the category.
Apple’s expected announcement of its mixed-reality headset on June 5 will undoubtedly shape expectations about the metaverse. Many in the fashion industry will be keeping close watch. That, plus what else to watch for in the coming week.
The sneaker giant’s first NFT sale this week offered a bright spot for web3 hopes and illustrated that they can still offer a way to build and connect with a community — if brands do it right.
With the industry starting to use the technology for everything from campaign imagery to shopping assistants, it risks replicating biases based on race, body type, age and disability that it has spent years loudly claiming it wants to move past.