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Agenda-setting intelligence, analysis and advice for the global fashion community.

Bitcoin, Lifestyle Brands, Michael Kors, Jet.com

Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Bitcoin | Source: Shutterstock
By
  • Graciela Martin

"Op-Ed | Bitcoin is Good Money" (The Business of Fashion)
"If you acknowledge that money is simply a language to communicate value, you quickly realise that bitcoin stacks up well, argues Nick Tomaino."

"Lifestyle Brands are Acquiring Their Way to Becoming Tech Companies" (Quartz)
"In the fall Under Armour overtook Adidas for the first time in sportswear sales, but the athletic apparel and gear company is still far behind Nike."

"Michael Kors Is Getting Into Wearable Tech(Bloomberg)
"The fashion label—known for its MK print handbags that try to embody "jet-set" glamor—told analysts that it has plans for wearable technology and would announce specifics in the 'next few months.'"

"Amazon.com Rival Jet.com Raises $140 Million in New Funding(Bloomberg)
"Jet.com Inc. raised $140 million in a new funding round before rolling out its service, building up its cash hoard to take on rival Amazon.com Inc."

"Clothing Rental Startup Le Tote Lands $8.8M In Series A Funding(TechCrunch)
"The "sharing economy" has been a buzzy concept for several years now — but if startup investor activity is any indication, the trend isn't going anywhere any time soon."

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