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ICYMI: Chinese moguls rebooting fashion, biotech shaping the industry, smart checkouts rising

China’s internet moguls are rebooting fashion
China’s internet moguls are rebooting fashion

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

TOP STORIES
  • How China’s internet moguls are rebooting fashion [BoF]
  • How biotechnology is reshaping fashion [BoF]
  • Smart checkouts will process $45B in transactions by 2023, study says [MobileMarketer]
  • 5 tech innovations we’re talking about from fashion week season [TheCurrentDaily]
TECHNOLOGY
  • When it comes to technology, fashion is still a laggard [BoF]
  • How Diageo is using Amazon Echo and Google Home [Digiday]
SUSTAINABILITY & PURPOSE
  • John Lewis invests in plastic reduction [Drapers]
  • Why does so much ethical fashion look the same? [Fashionista]
RETAIL & E-COMMERCE
  • Express is the latest retailer to launch a clothing rental service [CNBC]
  • Fruit of the Loom celebrates Seek No Further with interactive shopping experience [FashionUnited]
  • Forever 21 invests in online styling service DailyLook [RetailDive]
  • Is the future of online deliveries allowing drivers access to your home? [TheIndustry]
MARKETING & SOCIAL MEDIA
  • Hollister partners with Sit With Us [WWD]
PRODUCT
  • Why mainstream brands are embracing modest fashion [CNN]
BUSINESS
  • Revolve officially files for IPO [Fashionista]
  • Walmart buys Eloquii for undisclosed amount [RetailDive]
  • Anya Hindmarch losses mount to £28.2m [Drapers]
  • Payments startup Klarna raises $20M from H&M, its second backer from the fashion world [TechCrunch]
CULTURE
  • The London Underground is getting vending machines to clean all your dirty clothes [Wired]
  • Meet the robotic museum guide that will turn art into sound for the visually impaired [FastCompany]

How are you thinking about innovation? We’re all about finding you the perfect partners to do so. TheCurrent 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.

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business digital snippets e-commerce film mobile social media Startups sustainability technology

What you missed: Mary Meeker’s internet trends, inside 24 Sèvres, robots making our clothes

Mary Meeker delivered her annual internet trends report
Mary Meeker delivered her annual internet trends report

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


TOP STORIES
  • What Mary Meeker’s 2017 internet trends report means for fashion [BoF]
  • Inside 24 Sèvres: LVMH opens its first multi-brand internet store [FT]
  • The case for letting robots make our clothes [Motherboard]
  • The Google Cultural Institute’s new digital archive could mean big things for fashion history [Fashionista]
  • How the luxury retail sector is using technology to remain relevant [Independent]

BUSINESS
  • What Trump’s climate reversal means for the fashion industry [BoF]
  • Mickey Drexler’s J. Crew departure marks the end of an era [Retail Dive]
  • Kering makes pledge to circular economy in aim to build sustainable practices [Glossy]
  • Mapping the benefits of a circular economy [McKinsey]

SOCIAL MEDIA & MARKETING
  • Kate Spade continues #MissAdventure campaign series [AdWeek]
  • Saks Fifth Avenue is turning to iMessage to bolster sales [Glossy]
  • Crocs thanks Instagram users for sharing with original art [MediaPost]
  • How six retailers are using chatbots to boost customer engagement (and why you should too) [ClickZ]

RETAIL & E-COMMERCE
  • What online fashion brands can learn from Amazon’s stores [Glossy]
  • This is what will happen to all the empty stores you’re seeing [Forbes]
  • The real cost of e-commerce logistics [Retail Dive]
  • How shoppers use their smartphones in stores [Retail Dive]

TECHNOLOGY
  • The Unseen has designed a t-shirt that senses climate change [Dazed]
  • Amazon patents shipping label with built-in parachute for dropping packages from drones [GeekWire]
  • Inside the production of WearableX’s first responsive yoga pant [Glossy]

START-UPS
  • Nomadic nabs $6M for its modular VR system for retail spaces [TechCrunch]
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business e-commerce technology

LVMH’s Ian Rogers on viewing ‘digital’ as oxygen, focusing on ‘internet’ as culture

LVMH Ian Rogers
The Business of Fashion’s Imran Amed interviewing LVMH’s Ian Rogers during #BoFVoices (Image: BoF)

The fashion industry has to get rid of digital as a silo and integrate it throughout its organisations, said Ian Rogers, chief digital officer at LVMH, during the Business of Fashion’s Voices conference this weekend.

“When you make sure [digital] is a part of communications, a part of retail… that’s when companies do well,” he explained. But more than that, he urged for everyone to actually stop calling it digital.

“It doesn’t mean anything,” he continued. Hailing from the music world where he was senior director at Apple Music and before that CEO of Beats Music, he added: “We didn’t talk about digital when we were at Apple, that’s like talking about oxygen; it’s everywhere.”

Instead, he suggested we use the word “internet” instead. “A lot of what’s happening right now… there’s a technological part that people are really scared of. This is not a technological revolution, it’s a cultural one. It’s about the internet, which is much more specific.”

The internet, he explained, has fundamentally changed culture, and changed humans in the process. “If you replace digital with the word internet, then you start talking about this thing that connects people. So you’re contextualising it properly. Or use the word innovation where you would have used digital. So how is the internet changing culture and how do we innovate to get to the next place?”

What’s great about that, is that fashion is, at its core, also a culture business, he noted. “We sell culture as a prerequisite to selling product. If you don’t buy into the culture of a brand, you’re not going to buy a €3,000 handbag.”

Since arriving at LVMH, Rogers said the main bulk of his work has been around “untangling knots” – presumably tied to the silos the group works in across its brands including Louis Vuitton, Fendi, Marc Jacobs, Loewe, Céline, Givenchy and others. But he also spoke positively about the future of the industry based on this idea of digital or the internet, as a shift in culture. “The great thing for me, is that underneath [the knots at LVMH], there are still the same lessons that we learnt in music about how culture has changed.”

The positive side for the luxury business, he added, is that the disruption music felt when consumers shifted to digital, will be less impactful.

“[Luxury] doesn’t suffer from the same fundamental value loss as music, because you can’t put that product on a thumb drive and hand it to a friend. You have these products that are made traditionally and I think there is more value to handmade and craftsmanship than ever in a digital world.”

His shift to working for a luxury business lies in the fact he believes the industry is in a great position in terms of the way the world is going. “This is a super smart industry that understands culture better than any other,” he added.

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digital snippets e-commerce social media technology

Digital snippets: Valentino’s Instagram strategy, YNAP and IBM team up, Lacoste’s AR book

Valentino_instagram

Beyond Paris Fashion Week, and on past SXSW, here’s your round-up of the latest fashion and technology stories to know from the month of March…


  • In the age of the algorithm, top Instagram brand Valentino needs to rethink its strategy [Digiday]

  • Yoox Net-a-porter Group, IBM partner on software, tech development [WWD]

  • Lacoste enriches its brand campaign with augmented reality book [PSFK]

  • The North Face to launch insanely smart Watson-powered mobile shopping app next month [Venture Beat]

  • True Religion is equipping its sales staff with Apple watches [Apparel News]

  • ‘It can bottle our energy’: Why Bloomingdale’s is going all in on Snapchat [Digiday]

  • Bloomingdale’s spurs branded conversation through emoji app [Luxury Daily]

  • Why Uniqlo is now selling through mobile shopping app Spring [Fashionista]

  • American Apparel offering on-demand delivery via Postmates partnership [TechCrunch]

  • Alibaba spreads its wings into VR sector [China Daily]

  • L’Oreal creates unbranded content hub to woo beauty fans [AdAge]

  • Net-a-Porter’s digital chief on how brands can get up close and personal to consumers [Marketing Magazine]

  • In the store of the future, your shopping bag connects to the internet [Fast Company]

  • How do you bring personalised shopping technology to stores? Adobe has an idea [Fashionista]

  • More influencers, fewer posts: How Instagram’s algorithm will affect fashion brands [Digiday]

  • In the future, Instagram and Facebook could be amongst the largest retailers online [WWD]

  • To big brands, from a millennial: Snapchat filters are where it’s at [AdAge]

  • How Pinterest knows who’s down to shop and who isn’t [AdAge]

  • Personal shopping services seek scale [BoF]


  • Brotailers market to millennial men who hate to shop [BrandChannel]

  • Venture capitalists: e-commerce funding to tighten [WWD]

  • Flush with tech wealth, San Francisco warms to fashion [BoF]

  • E-commerce in Brazil gets more mobile [eMarketer]

  • FedEx to expand e-commerce reach in China, Japan [WSJ]
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e-commerce

Digital India: Ready for take-off

pernia

It may not be the world’s most mature e-commerce market but it’s set to grow 10-fold in the next five years. Which market am I talking about? India, of course.

A new report says it’ll be worth $100bn in five years and perhaps $250bn in a decade, as internet penetration increases, more consumers get smartphones and digital networks reach rural areas.

Who says so? Direct selling industry body FICCI and consultants at KPMG, The Economic Times reported.

And the growth will start quickly, especially as Indians will own 350m smartphones by 2017 with 500m people in the country having broadband access.

Now those figures may look large but if you take into account that India’s population is 1.267bn (which works out at 17.5% of the world’s total population), they actually seem quite small. That’s because, despite the expansion of the internet into rural areas, it’s still the urban middle class that has been driving uptake and that will continue to do so.

Still, the growth potential is huge because Indians are moving en masse into cities. The government estimates that by 2030, it would see 350m people moving from rural to urban areas and by 2050, 700m people.

The potential for digital selling is staggering…

This post first appeared on Trendwalk.net, a style-meets-business blog by journalist, trends specialist and business analyst, Sandra Halliday. (Picture courtesy Perniaspopupshop.com)

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digital snippets e-commerce mobile social media Startups technology

Digital snippets: Nike on 3D printing, HM x Balmain’s selfies, Diesel advertises on Tinder

Here’s a round-up of the latest stories to know about surrounding all things fashion and tech…

nike

  • Nike’s COO thinks we could soon 3D print Nike sneakers at home [Quartz]
  • H&M x Balmain:  wants to see your selfies [Vogue]
  • Tinder ads tease Diesel fashion models as possible ‘matches’ [Mashable]
  • Louis Vuitton’s spring 2016 show dives into Oculus Rift and virtual gaming [Fashionista]
  • Most fashion houses are baffled by social media. Here’s why old-school Chanel does it best [Washington Post]
  • London-based online fashion startup, Lyst, abandoned a $25 million business — and became huge anyway [Business Insider]
  • Diane von Furstenberg is tapping into millennial tastes to secure her brand’s legacy [AdWeek]
  • Why Burberry’s Snapchat Testino campaign is the best piece of marketing in 2015 [Marketing Magazine]
  • Sears shows how it uses data to build relationships [MediaPost]
  • Can Everlane really become the next J.Crew? [Racked]
  • WME-IMG debuts all-fashion network for Apple TV [BoF]
  • How Diesel talks to its mobile customers through 400 programmatic ads [Digiday]
  • Target’s Kristi Argyilan on what ‘in-house programmatic’ really means [AdAge]
  • China’s Alibaba readies for Singles Day online shopping festival on 11/11/15 [BrandChannel]
  • How Flipkart hopes to shut out rivals by going app-only in India [Tech in Asia]
  • Facebook to test ‘shopping’ section [WWD]
  • ‘In China you have to use it’: How WeChat is powering a mobile commerce boom [Digiday]
  • Why is Silicon Valley pouring millions of dollars into old clothes? [Bloomberg]
  • How (and why) ‘Who What Wear’ bet on commerce [Digiday]
  • The rise of drones [Not Just a Label]
  • A retail geek’s take on modern high-street shopping [The Future of Commerce]
  • What role do fashion runways play in the internet age? [The Globe and Mail]
  • We have not yet reached peak wearable [Re/code]
  • Say it with an emoji: 10 text-free phrases to describe spring 2016 [Vogue]
  • Can content really drive commerce? [Forrester]
Categories
digital snippets e-commerce mobile social media Startups technology

Digital snippets: Yoox, Net-a-Porter, Farfetch, Lord & Taylor, Burberry, Nasty Gal, Nike

A round-up of the latest stories to know about surrounding all things fashion and tech…

Yoox

  • The Yoox and Net-a-Porter merger is creating a tech giant as much as a fashion giant [Quartz]
  • Farfetch’s global platform play [BoF]
  • Did Lord & Taylor’s hot Instagram campaign thumb its nose at FTC disclosure rules? [AdWeek]
  • Burberry broadcasts ‘London in L.A.’ show via Periscope [Creativity]
  • Nasty Gal’s uncertain future: does it have what it takes to stay on top? [Racked]
  • Nike’s latest addition to the “lady empowerment ad” genre is one of the most relatable [Fashionista]
  • Stuart Weitzman campaign starts with cool cinemagraphs on Instagram, then follows up on Facebook [AdWeek]
  • Neiman Marcus introduces new image recognition “Snap. Find. Shop” app [Haute Living]
  • How Old Navy is winning at YouTube [Digiday]
  • Old Navy and Banana Republic among first brands to use Instagram’s carousel ads and link to product page [AdAge]
  • Asos eyes emerging artists on Vevo to deepen ties to 20-somethings [The Drum]
  • Amazon quietly acquired Shoefitr to improve how it sells footwear online [TechCrunch]
  • Viral style: why are we obsessed? [BBC]
  • Fashion brands are ignoring the internet because the market hasn’t yet forced them to take action [BoF]
  • What can fashion learn from science? [i-D]
  • Digital beauty businesses aim for breakthrough [BoF]
  • Forget the Internet of Things, there is a digital revolution taking place in our shopping malls [Forbes]
  • If you text this phone number, a guy named Stefan will send you limited-edition clothes [Business Insider]
  • The RealReal raises $40 million to double sales in 2015 [Fashionista]
  • Fashion can win the wearables war [BoF]
  • Ad spend on smart watches estimated to reach nearly $70m by 2019 [The Drum]
  • Six retailers doing the most to make mobile part of the in-store experience [PSFK]
Categories
digital snippets e-commerce social media Startups

Digital snippets: Prada, John Lewis, Comptoir des Cotonniers, Sephora, L’Oréal

A round-up of the latest stories to know about surrounding all things fashion and tech:

pradasphere

  • Prada delves into visual past with Pradasphere microsite [Luxury Daily]
  • John Lewis picks iBeacons, smart-home Sonos rival, and 3D planning start-ups as final partners for JLab incubator scheme [The Drum]
  • You can now buy Comptoir des Cotonniers directly from ads on bus shelters in France [Fashionista]
  • The ROI: Sephora, Thismoment share results of Pinteresting beauty board launch [BrandChannel]
  • L’Oréal targets ads based on hair colour in online photos [AdAge]
  • ‘Vogue’ makes its Instagram shoppable with Liketoknow.it [Fashionista]
  • adidas promises to exclude consumers unless they opt ‘#allin’ to World Cup campaign [Marketing]
  • Visual search set to make world of imagery instantly shoppable [BoF]
  • Condé Nast drafts an internal ‘Magna Carta’ for native advertising [AdAge]
  • Lingerie brand turns to Snapchat for a voyeuristic, vanishing lookbook [PSFK]
  • Fruit of the Loom turns GIFs into Father’s Day gifts [AdWeek]
  • The power women who are reinventing the way you shop fashion online [Forbes]
  • Mary Meeker’s 2014 internet trends report: all the slides plus highlights [Quartz]