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.
L'Oreal Snaps up Start-ups: AR Beauty Is Just the Beginning (Forbes)
"The French beauty group broke new ground, acquiring its first start-up, Modiface — a Canadian start-up powering hundreds of these digital makeover experiences. Nurturing a new generation of beauty-tech talent is key to progress, it appears, with L'Oréal last year backing the beauty track at Station F, Paris — the world's largest startup campus."
Mary Meeker's Internet Trends Report: New Online Users Are Getting Harder to Find (Fortune)
"The findings of Meeker and her team pointed to a general trend of slowing growth in the Internet. Another interesting aspect of Meeker's presentation was the fact that simple-to-use apps are taking over, whether that's in messaging, commerce or media."
Walmart's Patens Show Future Vision (CNBC)
"The latest filings shine a light on how Walmart plans to take on an increasingly Amazon-dominated landscape. Filings show smart shopping carts, a wearable device that tracks its users' activities and in-store drone assistance."
Google Is Actually Pretty Good at Identifying What People Are Wearing (Racked)
"In May, Google introduced a visual recognition tool called Style Match, which uses Google Lens to let you take pictures of clothing and then offers up similar, shoppable items from around the internet. Google Lens is good at identifying a product's key characteristics and offering similar options."
Amazon 'doesn't have private labels cracked' (Retail Dive)
"Amazon claims more than 80 percent of consumer conversions against other e-commerce sites across diverse product categories. AmazonBasics, a commodity goods line, makes up 88 percent of Amazon's private label products. But without electronics, Amazon enjoys just 26 percent conversion share."
TikTok’s first time sponsoring the glitzy event comes just as the US effectively deemed the company a national security threat under its current ownership, raising complications for Condé Nast and the gala’s other organisers.
BoF Careers provides essential sector insights for fashion's technology and e-commerce professionals this month, to help you decode fashion’s commercial and creative landscape.
The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely.
The app, owned by TikTok parent company ByteDance, has been promising to help emerging US labels get started selling in China at the same time that TikTok stares down a ban by the US for its ties to China.