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.
"Intel and the Luxottica Group's New Partnership: Hope for the Wearables Market, or More Empty Promises?" (Pando Daily)
"Can anyone make wearable devices that don't look like cheap props from a sci-fi film? Intel hopes to find out through a new partnership with the Luxottica Group, an eyewear company responsible for several famous brands like Ray-Ban and Armani."
"Cyber Monday Online Sales Rose 17% to $2 Billion, ComScore Says" (Bloomberg)
"Holiday shopping on the Web rose 17 percent to a record $2.04 billion on Cyber Monday, researcher ComScore Inc. said, as consumers took advantage of online deals."
"Consolidation Begins in Clothing-Fit Tech as Fits.Me Buys Clothes Horse" (The Wall Street Journal)
"Although the sector has been underway for just a few years, it is already consolidating. London-based Fits.me Holdings Ltd. is acquiring New York-based Clothes Horse Inc. for an undisclosed sum."
"Lazada, Rocket Internet's Amazon Clone In Southeast Asia, Raises $250M Led By Temasek" (TechCrunch)
"We don't often see companies announce funding rounds on the weekend, but that's not stopping Lazada, the Rocket Internet-backed e-commerce firm in Southeast Asia, from revealing today that it has pulled in €200 million (around $250 million) in fresh capital."
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"Do You Have a Light? Ralph Lauren Does" (The New York Times)
"This week, the company is unveiling the third leg in its bid to position itself as not just fashion's premier dream Americana company, but also fashion's premier tech company."
"Shoes of Prey Raises $5.5 Million for Custom Footwear" (The Business of Fashion)
"Shoes of Prey, a fashion e-tailer that lets users design their own shoes, has raised $5.5 million in a Series A round of funding."
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.
Zero10 offers digital solutions through AR mirrors, leveraged in-store and in window displays, to brands like Tommy Hilfiger and Coach. Co-founder and CEO George Yashin discusses the latest advancements in AR and how fashion companies can leverage the technology to boost consumer experiences via retail touchpoints and brand experiences.
Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.
Brands are using them for design tasks, in their marketing, on their e-commerce sites and in augmented-reality experiences such as virtual try-on, with more applications still emerging.