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.
The RealReal Hunts for More Funding Amid IPO Buzz (Retail Dive)
"Re-commerce upstarts like The RealReal, which has snagged the luxury end of the market, are growing 20 times faster than the broader retail market and five times faster than off-price retailers, which offer a similar treasure hunt."
Robots Will Replace Humans in Retail, Says JD.com's Richard Liu (The Business of Fashion)
"Robots will eventually replace human workers in the retail industry, the chief executive of Chinese e-commerce company JD.com predicted. However, Liu said he thinks it will take another decade for technology and shoppers to be ready for fully automated stores."
The Ethically Murky Marriage of Technology and Beauty (Engadget)
"While on the surface company efforts appear to be well-meaning efforts to promote diversity and inclusivity, the industry needs to carefully examine every step as it moves forward or risk exacerbating problems around perceived ideals in beauty."
What Does the Amazon Echo Look Mean for Personal Style? (Racked)
"The Echo Look won't tell you why it's making its decisions. And yet it purports to show us our ideal style, just as algorithms like Netflix recommendations and Spotify Discover feeds promise us an ideal version of cultural consumption tailored to our personal desires."
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.
Brands including LVMH’s Fred, TAG Heuer and Prada, whose lab-grown diamond supplier Snow speaks for the first time, have all unveiled products with man-made stones as they look to technology for new creative possibilities.
Social networks are being blamed for the worrying decline in young people’s mental health. Brands may not think about the matter much, but they’re part of the content stream that keeps them hooked.
After the bag initially proved popular with Gen-Z consumers, the brand used a mix of hard numbers and qualitative data – including “shopalongs” with young customers – to make the most of its accessory’s viral moment.