Categories
business data digital snippets e-commerce mobile product Retail social media sustainability technology

Analyzing fashion’s G7 pact, Gen Z’s streetwear needs, the rise of rentals

A round-up of everything you might have missed in relevant fashion, retail and tech industry news over the past week.

TOP STORIES
  • Can fashion’s latest sustainability drive at the G7 summit make a difference? (BoF)
  • Gen Z wants something very different from streetwear (Vogue Business)
  • Everyone is launching rental service. Is there enough demand? (BoF)
  • Fashion’s growing interest in recycling clothing (Vogue Business)
TECHNOLOGY
  • 52% of retailers feel ill-prepared to support emerging mobile tech (Mobile Marketer)
  • Facial recognition will be watching and storing your emotions and data (Ad Week)
SUSTAINABILITY & PURPOSE
  • Gucci and Saint Laurent face an uphill battle to get green (BoF)
  • Why Levi’s new water strategy represents an ‘evolution in thinking’ (Sourcing Journal)
  • How Copenhagen plans to reach carbon-neutral status in just six years (Fast Company)
  • Amazon under fire for new packaging that cannot be recycled (The Industry)
  • Tiffany & Co releases it’s new sustainability website (CSR Wire)
  • Fast Retailing’s jeans innovation center ramps up efforts to reduce water use (Sourcing Journal)
  • France to prohibit the destruction of unsold stock: who is going to pay for that? (Fashion United)
  • Gore-Tex. Lycra. Could fashion’s next major fabric brand be green? (BoF)
RETAIL & E-COMMERCE
MARKETING & SOCIAL MEDIA
  • Hero Cosmetics doubles down on TikTok after results dwarf Instagram’s (Mobile Marketer)
  • Nike, New Balance, and USTA serve up ads celebrating female stars for US open (Fast Company)
  • Benefit and Deliveroo dish out beauty experience (Campaign)
  • PrettyLittleThing wants podcasts to take it from fashion retailer to ‘entertainment brand’ (The Drum)
  • Rihanna plans Savage X Fenty event to be broadcast on Amazon Prime Video (Fashion United)
  • Is WeChat’s growth over? (Walk the Chat)
PRODUCT
BUSINESS
  • Ulric Jerome exists Matchesfashion.com (WWD)
  • ThredUp gets $175 million in funding as resale market continues to boom (Fashion United)
  • Victoria Secret’s parent company’s stock price continues to plummet (The Fashion Law)
  • What Shanghai Tang’s rise, fall and return means for luxury fashion (Vogue Business)
CULTURE
  • The return of the hyper-sexualised male (BoF)
  • Appropriation or appreciation? Unpacking South Korea’s fascination with black culture (I-d)
  • Will Gen Z make non-binary fashion mainstream? (Sourcing Journal)
  • The future of male grooming is gender neutral (Vogue Business)

How are you thinking about innovation? The Current Global is a transformation consultancy driving growth within fashion, luxury and retail. Our mission is to solve challenges and facilitate change. We are thinkers and builders delivering innovative solutions and experiences. Get in touch to learn more.

Categories
business digital snippets e-commerce product Retail social media sustainability technology

Robot photographers, questioning the new UK PM, is fashion-tech going to burst?

A round-up of everything you might have missed in relevant fashion, retail and tech industry news over the past week.

TOP STORIES
  • Are robot photographers the future of e-commerce? (BoF)
  • Industry questions new UK PM’s priorities (Drapers)
  • Is the fashion-tech bubble going to burst? (Vogue Business)
  • Don’t scoff at influencers. They’re taking over the world (NY Times)
  • The $400 billion adaptive clothing opportunity (Vogue Business)
TECHNOLOGY
  • This AI is helping scientists develop invisibility cloaks (Futurism)
  • Elon Musk’s robot surgeon will sew electrodes into human brains, starting in 2020 (Mashable)
  • The technology that makes the fashion Rental business tick (WWD)
SUSTAINABILITY & PURPOSE
  • How fashion is helping suppliers fight climate change (Vogue Business)
  • Bally reveals Mount Everest clean-up initiative (WWD)
  • H&M, Microsoft, PVH Corp collaborate in circular fashion initiative (Vogue Business)
  • The Ellen MacArthur Foundation wants to redesign the denim industry (Vogue)
  • Lush debuts ‘carbon-positive’ packaging (Edie)
  • As Zara announces its latest sustainability goals, three of its design team weigh in on going slower and creating responsibly (Vogue)
  • YKK leads the way in sustainability with Natulon® range (Fashion United)
  • This site will show you exactly how ashamed you should be of flying (Fast Company)
RETAIL & E-COMMERCE
  • Amazon’s revolutionary retail strategy? Recycling old ideas (Wired)
  • The toys are back in town: A reimagined Toys R Us returns (Forbes)
MARKETING & SOCIAL MEDIA
  • How Tik Tok is changing beauty standards for Gen Z (I-d Vice)
  • Fashion doesn’t know what to do with YouTube. Derek Blasberg is trying to help (Vogue Business)
  • Why brands are sliding into your DMs (BoF)
  • How will fashion find validation without instagram likes? (BoF)
  • Hermès reveals behind-the-scenes to its craftsmanship via WeChat (Jing Daily)
  • Gucci gamifies house codes in retro-style mobile arcade (Luxury Daily)
PRODUCT
  • This jewelry is a brilliant shield against face-recognition intrusions (Fast Company)
  • L’Oréal is launching a new skin-care brand with paper packaging (Allure)
  • Napapijri to launch 100% recyclable jacket (Fashion United)
  • Alice + Olivia to expand beauty and wellness with CBD partnership (Fashion United)
BUSINESS
  • Gucci growth slows but Kering still posts near 19% sales growth (The Industry)
  • Asos issues third profit warning in seven months as shares fall (The Guardian)
  • Charity shops, antiques behind surprise UK retail sales jump in June (Reuters)
CULTURE
  • Hong Kong’s entrepreneurial protesters are crowdfunding everything from doctors to legal fees (Quartz)
  • Forever 21 accused of body-shaming after giving out free diet bars with orders (Hype Beast)
  • Mr Porter commits to mental, physical health (WWD)

How are you thinking about innovation? The Current Global is a transformation consultancy driving growth within fashion, luxury and retail. Our mission is to solve challenges and facilitate change. We are thinkers and builders delivering innovative solutions and experiences. Get in touch to learn more.

Categories
business digital snippets Retail sustainability

ICYMI: Allbirds imposes carbon tax on itself, what Fortnite means for fashion, luxury pledges to rebuild Notre Dame

A round-up of everything you might have missed in relevant fashion, retail and tech industry news over the past week.

TOP STORIES
  • Allbirds imposed a carbon tax on itself–and your brand should, too [Fast Company]
  • What Fortnite could mean for fashion [Sourcing Journal]
  • Louis Vuitton and Gucci owners pledge more than $300 million to rebuild Notre Dame after fire [CNBC]
  • London retailers hit out at protesters [Drapers]
  • Can recycling fix fashion’s landfill problem? [BoF]
TECHNOLOGY
  • The high-tech new standard for sampling [Drapers]
  • As supply chains get tech savvy, is cybersecurity keeping pace? [Supply Chain Dive]
  • Some apps use design to trick you into sharing data. A new bill would make that illegal. [Vox]
  • We built an ‘unbelievable’ (but Legal) facial recognition machine [NYT]
  • River Island adds AI tech, claiming it can boost sales by 10% [Fashion Network]
  • H&M harnesses AI to test online tailoring feature [Fashion United]
SUSTAINABILITY & PURPOSE
  • How to make sustainable fashion people will actually buy [BoF]
  • Clouds on the horizon: What climate change means for retail [Retail Dive]
  • Everlane’s founder vowed to remove all new plastic from the brand’s supply chain by 2021. Now he has to figure out how [Fast Company]
  • Brioni launches ‘zero-mileage’ sustainable menswear capsule collection [Fashion Network]
  • This new technical fabric replaces polyester with banana plants [Fast Company]
  • How green is your lipstick: beauty brands and the fight against plastic waste [The Guardian]
  • PrettyLittleThing partners with recycling app [Drapers]
  • With millennials in mind, outdoor retailer REI doubles down on rentals and used gear sales [Forbes]
RETAIL & E-COMMERCE
  • Neiman Marcus invests in luxury reseller Fashionphile, proving power of re-commerce and millennials [Forbes]
  • Offering shoppers new experiences isn’t helping: Malls hit with store closure tsunami, falling traffic [CNBC]
  • The complex link between retail and packaging [Retail Dive]
  • 4 reasons why luxury rentals could be a hit with Chinese millennials [Jing Daily]
MARKETING & SOCIAL MEDIA
  • Welcome to the new era of high fashion and video game collaborations: Inside Moschino and The Sims partnership [Fortune]
  • More than 100 brands collaborated with Game of Thrones. Here are the best stunts [AdWeek]
PRODUCT
  • Top jewellery CEOs say lab-grown diamonds are fashion, not luxury [Fashion Network]
BUSINESS
  • Valentino revenue growth slowed in 2018 [BoF]
  • Why fashion and beauty brands should take note of Pinterest’s IPO [Vogue Business]
  • Kering shares slide as Gucci’s growth slows [BoF]
CULTURE
  • Gen Z crave a world without borders, boundaries and binaries [WWD]
  • With a rapidly growing market, the trans-masculine community Is forging its own path in fashion [Fashionista]
  • Champion accidentally hit the fashion jackpot [Houston Chronicle]
  • China’s sharing economy now includes make-up, but hygiene doubts are hard to brush off [SCMP]

How are you thinking about innovation? We’re all about finding you the perfect partners to do so. Current Global is a consultancy transforming how fashion, beauty and consumer retail brands intersect with technology. We deliver innovative integrations and experiences, powered by a network of top technologies and startups. Get in touch to learn more. 

Categories
digital snippets e-commerce Retail sustainability technology

ICYMI: 5G to drive AR shopping, luxury loves blockchain, cotton totes vs plastic bags

A round-up of everything you might have missed in relevant fashion, retail and tech industry news over the past week.

TOP STORIES
  • 5G will drive 100m people to shop in AR by next year [Mobile Marketer]
  • How luxury fashion learned to love the blockchain [BoF]
  • Your cotton tote is pretty much the worst replacement for a plastic bag [Quartz]
  • Beyonce to design shoes and clothes for Adidas [Bloomberg]
TECHNOLOGY
  • Facial recognition is coming to hotels to make check-in easier—and much creepier [Fast Company]
  • Is digital clothing the next fashion frontier? [Vogue Business]
  • Facebook gets one step closer to building your virtual copy [Tech Crunch]
  • NBA lets Magic Leap users watch live AR basketball [Mobile Marketer]
SUSTAINABILITY & PURPOSE
  • NY to ban single-use plastic bags by 2020 [Fashion United]
  • Patagonia is cracking down on the Wall Street uniform [Bloomberg]
  • Does the ethical fashion community have a diversity problem? [Fashionista]
  • Bangladeshi government ‘not ready’ to take over safety regulation [Drapers]
  • Just how eco-friendly are lab-created diamonds? [JCK Online]
  • Printemps puts spotlight on upcycling initiatives [WWD]
  • Indian University works to grow cotton in red, blue, yellow hues [Sourcing Journal]
RETAIL & E-COMMERCE
  • Online shopping overtakes a major part of retail for the first time ever [CNBC]
  • Hermès opens a new kind of shop in New York [Bloomberg]
  • Asos updates returns policy to prevent ‘serial returners’ [Drapers]
MARKETING & SOCIAL MEDIA
  • Marketers say Instagram is the best way to reach teens [Digiday]
  • Snapchat will power Stories & ads in other apps [Tech Crunch]
  • YSL’s gas station pop-up is taking over Coachella [Highsnobiety]
  • Reebok launches loyalty program unlocked as part of digital overhaul [Footwear News]
PRODUCT
  • Under Armour launches new tech-enhanced performance line ‘Rush’ [Fashion Network]
  • Lululemon set to debut selfcare product line [Retail Dive]
  • American Apparel relaunches denim with inclusive sizing [Fashion United]
BUSINESS
  • Britain’s loss is Europe’s gain as brands go offshore ahead of Brexit [WWD]
  • Kering completes luxury transition with Volcom sale [WWD]
  • Supreme breaks silence on ‘criminal’ global counterfeiting menace [BoF]
CULTURE
  • Fashion’s gender pay gap isn’t getting any smaller [BoF]
  • Anxiety is rising. So are wellness companies promising relief [Vogue Business]
  • Net-A-Porter launches biggest ever Ramadan initiative [Fashion Network]
  • Model with Down’s Syndrome becomes brand ambassador for Benefit cosmetics [Herald Sun]
  • Men are changing. Are brands keeping up? [BoF]

How are you thinking about innovation? We’re all about finding you the perfect partners to do so. The Current Global is a consultancy transforming how fashion, beauty and consumer retail brands intersect with technology. We deliver innovative integrations and experiences, powered by a network of top technologies and startups. Get in touch to learn more. 

Categories
business digital snippets e-commerce product Retail social media sustainability technology

ICYMI: Macy’s buys Story, Gucci’s new flagship, AI and the future of fashion

Futuristic fashion by Tim Walker
Futuristic fashion by Tim Walker

A round-up of everything you might have missed in relevant fashion, retail and tech industry news over the past week.

TOP STORIES
  • Macy’s buys Story concept [RetailDive]
  • Gucci plants its flag in Soho [BoF]
  • How artificial intelligence will impact the future of fashion [Vogue]
TECHNOLOGY
  • Can AI and AR turn your prospects into customers? [Inc]
  • How beauty brands like Coty and Shiseido are using voice assistants [Glossy]
  • Ticketmaster to trial facial recognition technology at live venues [Venture]
  • Verisart brings blockchain certification to the global art auction market [TechCrunch]
SUSTAINABILITY
  • Fast fashion goes green with mushrooms, lumber scraps, and algae [Bloomberg]
  • Applied DNA Sciences confirms traceability of leather [WWD]
RETAIL & E-COMMERCE
  • Walmart.com redesigns as the anti-Amazon [Co.Design]
  • Farfetch partners with Stadium Goods on sneaker hub [WWD]
  • Brandless’ pop-up is focused on community engagement rather than selling products [AdWeek]
  • China’s live-streaming fashion boom changing the way Gen Z shops [SCMP]
MARKETING & SOCIAL MEDIA
  • Inside the bitter war to bring Tupac and Michael Jackson back to life [Wired]
  • Diet Prada unmasked [BoF]
  • Instagram quietly launches payments for commerce [TechCrunch]
PRODUCT
  • Amsterdam is solving its gum litter problem by making shoes out of recycled gum [AdWeek]
  • ElektroCouture: Inside the fashion house behind Swarovski’s $60,000 light-up dress [Forbes]
BUSINESS
  • Over 400 startups are trying to become the next Warby Parker. Inside the wild race to overthrow every consumer category [Inc]
  • Prada: Making the most of its moment [BoF]
  • Alibaba’s anti-counterfeit group now has 105 brand members, including L’Oréal and Bose [TheDrum]
Categories
Editor's pick Retail technology

Alibaba trials facial payments giving shoppers discounts for smiling

Alibaba's facial payment technology
Alibaba’s facial payment technology

Alibaba is trialling a ‘happiness meter’ in its new Futuremart store at its Hangzhou, China HQ, which gives shoppers discounts depending on their mood.

The feature works with the facial recognition payment technology the retail giant has been developing over the past couple of years at participating retailers.

Upon entering the store, customers must check in by both having their faces read, and scanning a QR code with their Alipay, Taobao or Tmall apps, to allow them to shop. Upon leaving, they then have their faces scanned one more time, which in turn will use the “Happy Go” feature to reward discounts for those who are smiling.

Alibaba has been making strides in developing consumer-facing facial recognition technology, famously launching its first smile-to-pay feature at a KFC restaurant in the same Chinese city in 2017.

The strategy also involves major investments in two out of the three facial recognition startups in China, all of which are valued at over $1 billion. This month, it led a $600 million investment round on SenseTime, a Hong Kong-based company whose software is used by businesses, and SNOW, a popular Snapchat-type of app that uses SenseTime to power augmented reality visuals. Its most important client however is the Chinese government, which deploys the technology in public spaces and compares ‘live’ faces against an existing database.

As noted earlier this month, Asia has leapfrogged the West in terms of technologically-enhanced retail experiences, partly due to the Asian consumer’s ease of adoption of technologies, particularly in China. In the US, Amazon Go’s just-walk-out technology was initially met with some skepticism, noted during this year’s Shoptalk by Gianna Puerini, VP of Amazon Go, who said consumers are having to learn the behavior of not having a traditional checkout experience.

As pilot concepts develop both in the East and West, it will be interesting to watch this space to see which will eventually be deployed at mass scale in order to enhance the physical experience.

Categories
Campaigns data digital snippets Retail social media sustainability technology

ICYMI: Plastic waste becomes Adidas tees, how Bitcoin went luxury, data to reduce returns

Adidas for Earth Day
Adidas for Earth Day

A round-up of everything you might have missed in relevant fashion, retail and tech industry news over the past fortnight.

TOP STORIES
  • Adidas created Earth Day soccer jerseys made from ‘upcycled’ plastic ocean waste [AdWeek]
  • How Bitcoin went luxury [Vogue]
  • How retailers are crunching data to cut losses from returns [Glossy]
  • The fashion world after Anna Wintour [NY Times]
TECHNOLOGY
  • Alibaba is becoming a major investor in facial-recognition technology [Quartz]
  • Retail’s adapt-or-die moment: how artificial intelligence is reshaping commerce [CB Insights]
  • Leap Motion’s “virtual wearables” may be the future of computing [Co.Design]
  • Why beauty giants are snapping up technology startups [BoF]
  • Farfetch launches startup accelerator [BoF]
  • LVMH’s Ian Rogers on Station F [WWD]
SUSTAINABILITY
  • The beginner’s guide to how blockchain could change the ethical fashion game [Fashionista]
  • Why brands are under increasing pressure to be transparent about what they believe in [AdWeek]
  • Stella McCartney: ‘Only 1% of clothing is recycled. What are we doing?’ [TheGuardian]
RETAIL & E-COMMERCE
  • Brandless, the ‘Procter & Gamble for millennials’ startup that sells everything for $3, is launching a pop-up, but you can’t buy anything [Business Insider]
  • Glossier opening permanent retail space in LA [WWD]
MARKETING & SOCIAL MEDIA
  • Two computer-generated influencers are at war right now, and nothing is real anymore [W Magazine]
  • With privacy updates, Instagram upsets influencer economy [BoF]
  • How Vans is shaking up its experiential marketing to get more personal [BrandChannel]
  • Snapchat has launched in-app AR shopping, with Adidas and Coty among the first sellers [TheDrum]
BUSINESS
  • Adidas partners with Lean In to promote equal pay for women [WWD]
  • Gap CEO Art Peck: Big data gives us major advantages over competitors [CNBC]
Categories
business data digital snippets e-commerce Retail sustainability technology

ICYMI: Nobody is buying Vetements, Walmart’s high tech store, reviving H&M

Vetements
Vetements

A round-up of everything you might have missed in relevant fashion, retail and tech industry news over the past week.

TOP STORIES
  • 2 years after they broke the internet, it looks like nobody is buying Vetements [HighSnobiety]
  • Walmart opens first small high-tech supermarket in China [Reuters]
  • ‘It lost its focus’: Why an e-commerce push won’t be enough to revive H&M [Glossy]
  • What Trump’s trade war means for fashion [BoF]
  • Alibaba and Ford launch China’s first Tmall car vending machine [BrandChannel]
TECHNOLOGY
  • Apple’s groovy iPhone spot shows how you can now pay with a glance [Creativity]
  • Museums are the best place to find innovation in AR [VentureBeat]
  • How Tumi is using AI in marketing campaigns, online and in stores [Digiday]
SUSTAINABILITY
  • Fashion’s 7 priorities to achieve sustainability [BoF]
  • Eileen Fisher will use Salone del Mobile installation to remind the fashion world to ‘waste no more’ [WWD]
RETAIL & E-COMMERCE
  • Former Walmart CEO, of all people, says Congress should break up Amazon [Racked]
  • Ted Baker launches experiential pop-up at London’s Old Street station [TheIndustry]
  • Nike opens Unlaced, a sneaker boutique for women [BrandChannel]
  • 6 tips for taking your brand direct-to-consumer [BoF]
MARKETING & SOCIAL MEDIA
  • What Nike’s analytics platform buy says about the future of brand-consumer relationships [AdWeek]
BUSINESS
  • Kering confirms Stella McCartney split [BoF]
  • Why a potential $5bn valuation at IPO for luxury unicorn Farfetch may not be crazy after all [CB Insights]
  • Louis Vuitton’s new appointment marks an important victory for marketing hype over design [StyleZeitgeist]
  • Raf Simons’ first year at Calvin Klein delivers for PVH [BoF]
  • Lululemon stretches digital marketing wings, sees success [AdAge]
  • What’s driving retail’s sneaker obsession? [RetailDive]
  • 7 takeaways from Shoptalk 2018 [RetailDive]
Categories
data technology

Your future in-store loyalty program will be fed by facial recognition

Lolli & Pops is using facial recognition
Lolli & Pops is using facial recognition

Imagine this: You walk into your favorite store and the sales associate welcomes you by name. She or he lets you go about your business, but on-demand shares with you which of their latest products you would most likely be interested in.

Such recommendations, powered by artificial intelligence, are a very familiar experience online these days, but they’re also increasingly being worked towards in the brick and mortar retail world.

A multitude of different technologies lie at the heart of achieving this, but namely it’s a connection between CRM and machine learning, all with that layer of identification placed on top to deliver results for the specific customer in question.

Your mobile device usually plays a key role in making the ID part possible, but facial recognition is another such way.

Lolli & Pops, a candy store based in the US with roughly 50 doors, is one such retailer experimenting with this. A proof of concept called Mobica, which is powered by Intel, was on show at NRF’s Big Show in New York this week. Using computer vision, it’s a facial recognition loyalty scheme designed to drive VIP consumer engagement.

The opt-in experience (shoppers literally have to enrol their face to be a part of it), means anyone entering the store is recognized in real-time by an app the sales associates are using on their tablet devices. From there, they are able to tell the individual’s taste profile, know for instance if they’re allergic to peanuts, and be able to personally recommend great products to them via AI-enhanced analytics accordingly.

“It’s designed for their loyalty shopper, so about wanting to make them feel really special,” Stacey Shulman, Intel’s chief innovation officer for its Retail Solutions Division, told me. “Privacy isn’t an issue because they have such a strong relationship with their customers and are trusted by them already. It all starts with service and a connection to the customer.”

You can easily imagine the same VIP concept being applied at the likes of Sephora for beauty, or even in an apparel merchant.

Other facial recognition technology on show at NRF enabled special, personalized deals to surface on screens in real-time, demonstrated a restaurant that allows customers to pay by face, and also touted broader data collection opportunities around demographics and store-traffic patterns.

It was the customer service piece that felt particularly pertinent however. As Shulman explained: “Technology today needs to not be at the forefront. It needs to be the helper at the back. When done right, it enables people to get back to the customer and back to what’s important. That’s what we see here; it’s not about the facial recognition or the AI, it’s about the experience the customer then has. The differentiator between a brick and mortar store and Amazon today is customer service. We can’t compete on price and selection anymore, so we have to go back to service. If we don’t we will have a problem.”

The Lolli & Pops facial recognition initiative will roll out to stores in the coming weeks, according to Shulman.

 

Categories
technology

Amazon’s latest fashion device? A virtual mirror

Amazon's virtual mirror patent
Amazon’s virtual mirror patent

It was just under a year ago Amazon revealed its Echo Look device – a selfie camera embedded with style advice. Now, it has a patent for a virtual mirror.

More specifically, according to Geekwire, it’s a blended-reality display that puts your image into a virtual scene, and then puts you in a virtual version of an outfit within it.

The patent describes the mirror as partially-reflective and partially-transmissive, with cameras, projectors, display panels and lights embedded.

“When the user views the mirror, the user sees a reflection from the mirror of illuminated objects in the scene and the transmitted images from the display device through the mirror, the transmitted images being perceived as part of the reflected scene,” the inventors say.

In other words, the face and eyes of the user are scanned so that they are seen as a reflection, while the virtual clothes and the scene behind are transmitted through the mirror. The result is a real-time blended reality look.

A beachside scene is one suggested example – showcasing the user in a swimsuit on their real body.

Geekwire adds: “It’s not clear how close the blended-reality mirror is to becoming a reality, or if it’ll actually be manufactured as a physical object. Amazon makes a practice of refraining from comment on its patents until they produce products. But last year’s introduction of Echo Look suggests that as far as the Seattle-based online retailer is concerned, blended reality is no mere fantasy.”

It also highlights the fact Amazon acquired Body Labs in 2017, a software company that uses computer vision to create accurate 3D avatars. This fits well with a blended-reality product strategy.