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.
Netflix Inc will launch an online store to sell limited-edition apparel, lifestyle merchandise and collectibles based on “Stranger Things,” “Lupin” and other popular shows, the streaming giant said on Thursday.
Netflix.shop will be available in the United States starting on Thursday and expand to other countries in the coming months, Netflix said in a blog post.
The video streaming pioneer is facing a growing list of competitors offering their own streaming services with new movies and TV shows. In April, Netflix fell short of Wall Street projections for new subscribers.
The online store offers a new source of revenue for Netflix and expands its product line beyond the items it sells through partners such as Target Inc and Walmart Inc.
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Merchandise in the online shop will be “carefully selected high-quality apparel and lifestyle products,” the company said.
Items debuting this month include streetwear and action figures based on anime series “Yasuke” and “Eden,” and apparel and decorative items inspired by French crime thriller “Lupin,” Netflix said. The “Lupin” products were developed with the Louvre museum.
In the future, the company plans to introduce products based on hit series “The Witcher” and “Stranger Things” and Netflix logo-wear from Japanese fashion house BEAMS.
Netflix has also created video games based on shows “Stranger Things” and “La casa de Papel (Money Heist).”
Shares of Netflix rose 0.4% to $487.72 in afternoon trading on Nasdaq.
By Nivedita Balu and Lisa Richwine; Editing by Anil D’Silva and Shinjini Ganguli
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.