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."
Apple’s new Vision Pro headset isn’t just the tech giant’s idea of a fun, new product. It’s a bet on the future of computers.
The tech giant unveiled its new augmented-reality headset, showing off a variety of features and uses as it tries to create the first mainstream consumer hit in the category.
Apple’s expected announcement of its mixed-reality headset on June 5 will undoubtedly shape expectations about the metaverse. Many in the fashion industry will be keeping close watch. That, plus what else to watch for in the coming week.
The sneaker giant’s first NFT sale this week offered a bright spot for web3 hopes and illustrated that they can still offer a way to build and connect with a community — if brands do it right.