The Wealthy are Less Willing to Spend on Sustainable Products
Millennial and Gen-Z respondents were among the most likely to pay a premium for environmental-friendly practices.
virtual-reality
Who Will Win the Digital Fashion Week Battle?
Even after physical shows return, many in the industry expect the use of digital communication tools will permanently shift the schedule, cadence and strategy of runway shows. Which platforms will emerge dominant?
Fashion Meets Fortnite: 3D Clothes and Digital Catwalks
"The pandemic is forcing the industry to get creative online and look to precedents set by gaming."
E-Commerce Is Boring. A Jeff Bezos-Backed Start-Up Wants to Change That.
A start-up is betting on virtual reality to spice up the online shopping experience. Goodbye thumbnail product images, hello 'underwater stores' and CGI yoga studios.
L'Oreal to Provide Virtual Make-Up Tech for Amazon
The french cosmetics company struck a deal with Amazon, bringing a makeup-testing feature using augmented reality to the platform.
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Bits & Bytes | Instagram's Retail Salvation, Online Retailers Compete for New Designers
This week, retail design is adapting to an internet age, while luxury e-commerce platforms launch initiatives to highlight young talent.
Soon, the Most Beautiful People in the World May No Longer Be Human
"Virtual models are just the beginning of the avatar revolution, some industry observers say."
Walmart Rolls Out 3D Virtual Online Shopping
The announcement comes at a time when retailers are seeking technological advancements to enhance in-store and online customer experience.
Virtual Reality: Growth Engine for Fashion?
Though some are sceptical, many believe virtual reality and augmented reality have the potential to profoundly enhance both the back and front ends of the fashion business.
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Bits & Bytes | AR Will Beat VR, Weibo Lures Luxury Brands
This week, the comeback of Chinese social media app Weibo has attracted luxury brands and why augmented reality is set to be bigger than virtual reality.
Why AR Will be Bigger Than VR
"VR’s less-hyped sibling, augmented reality (AR), is ripe with opportunity right now."
Google and Facebook Chase New Kind of VR Headset
Facebook and Google made it clear that they’re both rushing toward a middle ground.
Nielsen Says Mainstream Consumers Really Are Interested in Virtual Reality
The question of whether virtual reality will become a mainstream medium has in some ways been more of a "chicken or egg" dilemma.
The News in Brief
Express Files for US Bankruptcy Protection, to Close Over 100 Stores
Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday.
Nike Says Job Cuts at Oregon Headquarters to Total More Than 700
Nike Inc. will have eliminated about 740 jobs at its headquarters by late June as part of its multiyear cost-cutting plan.
P&G Lifts Annual Profit Forecast on Strong Us Consumer Demand, Easing Costs
Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap.
Frédéric Malle Steps Down From Namesake Brand
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
With Succession in Focus, LVMH Adds Alexandre and Frédéric Arnault to Board
The two brothers join older siblings Antoine and Delphine, meaning that 4 out of Arnault’s 5 heirs now serve on the board. Bernard Arnault, age 75, has placed his controlling interest in LVMH in a stock-share partnership aimed at perpetuating family control.
Arnault Says He Hopes Tensions With China on Luxury Quiet Down
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
Vita Liberata Bought Back By Founder
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.