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.
"Luxury Web Battle Looms as LVMH, Hugo Boss Develop E-Commerce" (Bloomberg)
"As department stores and publishers join the ranks of those offering luxury goods online, they're running into a new breed of competitor."
"Zalando Focuses on Tech for Growth" (The Financial Times)
"Zalando, the online fashion group founded seven years ago in a Berlin flat, plans to hire more than 800 technology staff next year as it continues its rapid expansion."
"Apple Invents Ring-Style Wearable Device with Voice Control, Haptics, Cameras and More" (Apple Insider)
"A new patent application reveals work on a finger-mounted device stuffed with microphones, motion sensors, a haptic feedback system, biometric sensors, cameras and even a small display."
"Gilt Groupe Cuts 45 Jobs amid a Quest for Profit, CMO and International Head Exit" (TechCrunch)
"Some downsizing is on the cards for Gilt Groupe, the fashion flash-sales site that has been valued at $1.1 billion. TechCrunch has learned that the company is cutting 45 jobs as it tries to turn profitable by next year."
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"Pinterest Expands Its E-Commerce Programme" (Fast Company)
"The e-commerce project, which gives customers the ability to buy items on Pinterest without leaving the site, just picked up tens of thousands of merchants in a single swoop."
"European Fashion Sense Dominates Online, Too" (Bloomberg)
"It's hard to believe there are still parts of the consumer market that the e-commerce revolution has barely touched. Yet that's the case with luxury clothing, and it is preparing for explosive growth in developed markets."
The nature of livestream transactions makes it hard to identify and weed out counterfeits and fakes despite growth of new technologies aimed at detecting infringement.
The extraordinary expectations placed on the technology have set it up for the inevitable comedown. But that’s when the real work of seeing whether it can be truly transformative begins.
Successful social media acquisitions require keeping both talent and technology in place. Neither is likely to happen in a deal for the Chinese app, writes Dave Lee.
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.