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.
"Meet Walmart's $3.3 Billion Employee" (Bloomberg)
"The world's biggest retailer announced on Monday it was buying upstart online retailer Jet.com for $3 billion in cash, plus $300 million in stock over five years — topping QVC's $2.4 billion purchase of Zulilly.com last year as the largest-ever acquisition of an e-commerce company."
"The Web Startups Looking to Cash in on 1 Billion African Consumers" (The Guardian)
"The continent's potential customer base of more than 1 billion, combined with an emerging middle class, has attracted investors to African retail."
"While Some Retailers Ignore Snapchat, Others Are Killing It With Lens and Geofilter Ads" (Ad Week)
"Many retailers are eager to engage their audience on Snapchat but are weary of not being able to attribute foot traffic and sales to Snapchat impressions."
"Dior in First with Luxury WeChat Handbags" (China Daily)
France's Christian Dior has become the first luxury brand to sell top-end bags on WeChat, the most popular messaging and social network in China, offering its iconic Lady Dior bag on the platform.
"What Jabong Sale Means for Online Fashion Minnows" (The Times of India)
"Does that mean this is the end of the road of the small companies? Online fashion retail in India is vast and diverse at that with 839 startups vying for a slice of a growing market."
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.
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.