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business Campaigns digital snippets e-commerce product Retail sustainability technology

Shopify’s $6.6m sustainability fund, TikTok’s global rise, the new lure of the mall

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

TOP STORIES
  • Shopify looks to fight climate change, commits $6.6 million to new sustainability fund (BetaKit)
  • The strategy behind TikTok’s global rise (Harvard Business Review)
  • Can rollercoasters and a bunny garden lure shoppers back to the mall? (BoF)
  • Germany unveils Green Button: what you need to know about the worlds first sustainable textile label (Fashion United)
TECHNOLOGY
  • Pentland brands trials AR app (Drapers)
  • How technologies like RFID elevate the customer experience (Fashion United)
  • Luxury retailers are ladling on perks to please ultra-rich clients (Wired)
  • Coca-Cola cans activate animated stories in AR (Mobile Marketer)
  • Entrupy is an app that helps authenticate your grails (Highsnobiety)
  • McDonald’s uses AI for ordering at drive-throughs (BBC News)
SUSTAINABILITY & PURPOSE
  • How designers are trying to make NYFW more sustainable (Nylon)
  • Gucci vies to be even greener (NYT)
  • Stella McCartney pens an urgent letter to the fashion industry (The Times)
  • Biodegradable clothes may fix fashion’s huge waste problem (Wired)
  • Second-hand fashion hits £187m on eBay (Fashion United)
  • Harvey Nichols dips a toe into the circular economy (Vogue Business)
  • H&M announces initiative to increase e-commerce sustainability (Fashion United)
  • Sainsbury vows to halve plastic packaging by 2025 (Retail Gazette)
RETAIL & E-COMMERCE
BUSINESS
  • Philip Green’s Topshop & Topman report £505m loss (The Guardian)
  • New York’s Fashion Week revamp: did it work? (BoF)
  • New MD at Net-a-Porter (Drapers)
  • C&A files to begin IPO Process in Brazil (BoF)
  • Q&A with Mark Parker, CEO of Nike (Fast Company)
MARKETING & SOCIAL MEDIA
  • ‘We’re doing an evolution’: Inside Playboy’s extreme makeover (Digiday)
  • In London, is Extinction Rebellion out-marketing fashion? (BoF)
PRODUCT
  • Kim Kardashian’s Skims solutionwear launches online (Fashion United)
  • Duchess of Sussex’s new charity workwear collection (Vogue Business)
CULTURE
  • James Scully calls out ‘distressing’ treatment of models at NYFW (Dazed)
  • Macy’s announces 5-point plan to promote diversity and inclusion (Fashion United)
  • How to prevent your company from cultural appropriation (Forbes)
  • How cancel culture is affecting brands (Digiday)
  • PrettyLittleThing champions diversity at NYFW (Fashion United)
  • CurvyCon proves the future of fashion is fat (Fashionista)
  • M&S presents sunflower lanyards to support customer with disabilities (Retail Gazette)

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.

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

ICYMI: France to stop burning clothes, inside product recommendations, the role of automation in retail

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

TOP STORIES
  • France to end disposal of $900 million in unsold goods each year [NY Times]
  • Inside the multi-billion-dollar online product recommendation economy [BoF]
  • Automation in retail: an executive overview for getting ready [McKinsey]
TECHNOLOGY
  • Amazon’s Bezos says robotic hands will be ready for commercial use in next 10 years [Fashion Network]
  • Can technology keep fake handbags out of the marketplace? [Fashionista]
  • Beyond the data breach: How retail is addressing cybersecurity [Retail Dive]
  • Can “drone delivery” technology make your skincare more effective? [Vogue]
  • Apple introduces ‘sign in with Apple’ to help protect your privacy [Tech Crunch]
  • Prada’s Lorenzo Bertelli sees startups as path to innovation [Vogue Business]
  • Amazon rolls out AR lipstick try-ons via L’Oréal’s ModiFace [Mobile Marketer]
SUSTAINABILITY & PURPOSE
  • Can Kering grow and be sustainable at the same time? [BoF]
  • The beauty industry’s having an environmental awakening, but not all redemption is created equal [Refinery29]
  • Those tiny hotel toiletry bottles are on their way out [NYT]
  • Gap Inc. to source all cotton from sustainable sources by 2025 [Fashion Network]
RETAIL & E-COMMERCE
MARKETING & SOCIAL MEDIA
  • Ikea is transitioning its print catalog to Pinterest [Digiday]
  • McDonald’s and Disney top first-ever brand audio rankings [Campaign]
  • Is China ready for LGBTQI marketing? [BoF]
  • Is WeChat’s new social commerce feature a game changer [Jing Daily]
BUSINESS
  • Retailer Revolve gets 2018’s third-best U.S. trading debut [Yahoo]
  • The RealReal files for IPO [Retail Dive]
  • Topshop named mostly like to join ‘retail graveyard’ [Drapers]
  • The Modist secures investments from Farfetch and Nicola Bulgari [Harpers Bazaar]
  • Louis Vuitton sees ‘unheard-of’ growth in China [BoF]
  • Lacoste owner buys The Kooples [Drapers]
  • How China tariffs could make your sweaters and pants cost more [BoF]
CULTURE
  • Catwalk cover-up: how the west is falling for modest fashion [The Guardian]
  • Miley Cyrus takes a stand for reproductive rights with Marc Jacobs [Vogue]
  • ‘The models have bellies, hips and thighs that jiggle’: the rise of body-positive swimwear [The Guardian]
  • The Nike London flagship now has plus-sized mannequins [Teen Vogue]

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. 

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business Editor's pick Events product

ComplexCon: key takeaways from the streetwear mecca

Takashi Murakami at ComplexCon
Takashi Murakami at ComplexCon 2018

Now in its third year, Complexcon, a consumer-focused event targeting streetwear fanatics, took place to much expected hype last weekend in Long Beach, California.

The event, which is a spin-off of media company Complex, focused on feeding its Gen Z and Millennial community through a series of retail experiences, activations and panel discussions. Here we highlight the key takeaways of the weekend:

Retail frenzy

An adidas cube at ComplexCon
An adidas cube at ComplexCon 2018

For the consumer, the biggest goal of the two-day event was to shop, plain and simple. But for an audience that is prone to forming lines outside of stores for days before a drop, brands had to think creatively on how to create shopping experiences that blended that thrill of the chase with physical and digital tools.

Adidas was arguably the biggest name on the floor, hosting two experiences – one which involved a physical booth and another which took visitors on a wild goose chase for physical cubes that unlocked a new sneaker drop every hour. These gigantic cubes were seen throughout the venue, and on the hour, the user had to stand under the cube to scan it using the Complexcon app to unlock the ability to shop for the specific style. Unsurprisingly, Adidas fanatics were seen standing under the cube for hours before their preferred drop would take place.

Gradual product drops kept the customer engaged and most importantly, wanting to attend both days of the Con for fear of missing out. Reebok’s booth featured perspex cubes filled with fog, while timers underneath each individual plinth counted down the hours until the content inside the cube (a sneaker) was revealed.

The festival also teamed up with Frenzy, a location-based drop app, to allow consumers to shop for exclusive collabs through their phones while at the venue. The fulfilment of that experience left room for improvement, however, as shoppers could only pick up their goods four hours after purchase, a wait which for many stretched to 24 hours.

Experiential moments

HBO's The Shop
HBO’s The Shop at ComplexCon 2018

In such a noisy environment of endless queues and product drops, independent brands worked hard to stand out with booths that encouraged discovery and social sharing. Cult streetwear label Lotas, for example, chose to spend its budget not on an attractive booth, but by casting a group of The Sopranos lookalikes to play poker throughout, creating an unusual opportunity for visitors to snap and share.

The Pangaia, a global collective investigating the future of sustainable clothing, showcased its inaugural collection among a floor of empty plastic bottles, encouraging visitors to dispose of the same as they walked past. On Sunday, the collective also co-hosted a beach clean-up nearby with the support of ComplexCon.

Meanwhile beyond fashion, brands across food, automotive and media were on hand to talk about the bigger lifestyle that this community is a part of. Cadillac created a booth that showcased one of its models amid a digital jungle of screens and a photo backdrop; similar to SXSW, HBO recreated the classic barbershop experience to promote the launch of LeBron James’s new unscripted series, The Shop, featuring free haircuts and sneaker cleaning; and to promote the release of Creed II, guests could join in a VR experience, as well as watch boxing matches taking place in a life-sized ring.

Finally, McDonald’s quickly became a fan favorite as it hosted a customization station with special guests and, most importantly, free hamburgers for all.

Practical conversations

Issa Rae at ComplexCon 2018
Issa Rae at ComplexCon 2018

Conversations on the floor flip-flopped between who ‘copped’ the latest drop and what new endeavor someone may have been working on, from promoting their new podcast to monetizing their photography work. As a result, ComplexCon worked hard to promote conversations that had an underlying entrepreneurial spirit and was particularly relevant to the younger generation that is multifaceted in their goals.

“How to make it in America”, saw entrepreneur and social media star Gary Vaynerchuk talking about how to avoid the pitfalls and be part of the small percentage that does succeed in the country. Meanwhile actresses Issa Rae and Yara Shahidi, joined a conversation on females in media and how to overcome hurdles and balance public and personal life. And Louis Vuitton and Off White designer, Virgil Abloh, brought on stage three designers he believes are the next generation of fashion.

The spirit of giving visitors the tools to succeed and thrive also permeated throughout the festival booths. Entrepreneur Karen Civil was on hand at the Simple Mobile stand to offer one-to-one career advice, while the festival’s creative director, Japanese artist Takashi Murakami, worked with six relatively unknown footwear designers to reimagine his artwork on limited edition sneakers, which were being auctioned off on eBay.

How are you thinking about innovation? We’re all about helping you build innovative integrations and experiences. TheCurrent is a consultancy transforming how fashion, beauty and consumer retail brands intersect with technology, powered by a network of top startups. Get in touch to learn more.

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

ICYMI: Farfetch’s IPO, everything to know about CGI influencers, Bitcoin hairspray

Farfetch IPO
Farfetch IPO

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

TOP STORIES
  • Farfetch files for IPO, testing investors’ appetite for luxury [BoF]
  • The numerous questions around the rise of CGI models and influencers [Vogue]
  • You can buy hairspray with Bitcoin now [TheCut]
  • Yuval Noah Harari on what the year 2050 has in store for humankind [Wired]
TECHNOLOGY
  • Amazon is losing its smart speaker dominance [AdWeek]
  • Microsoft’s HoloLens mall demos bring early AR glasses to the masses [VentureBeat]
  • Los Angeles subway to become first in the US to use body scanners [DigitalTrends]
SUSTAINABILITY & PURPOSE
  • Fur: A reality check [BoF]
  • Is clothing rental the secret to making fashion sustainable? [Independent]
  • Fashion for Good launches toolkit on how to develop Cradle to Cradle denim [FashionUnited]
  • Why Instagram’s ‘outfit of the day’ hashtag is bad for fashion – and bad for the soul [TheGuardian]
  • German outdoor brand Vaude starts upcycling community [FashionUnited]
RETAIL & E-COMMERCE
  • McDonald’s unveils new Apple store-like Chicago flagship location [HypeBeast]
  • Superga, Cos, Rains and Fred Perry join Coal Drops Yard lineup [Retail Gazette]
  • 5 reasons why LA is the place to be for retailers [FootwearNews]
  • Consumers opt for marketplaces, fast retail, personalization [WWD]
MARKETING & SOCIAL MEDIA
  • Neutrogena, Sonos beta test use of video in Amazon search campaigns [MobileMarketer]
  • Alibaba’s to host first fashion show in China [JingDaily]
  • Rebecca Minkoff to present new brand identity during NYFW [WWD]
  • It’s never been easier to buy a pair of Yeezys [GQ]
  • Counterfeiting make-up is a new trend in Chinese how-to videos [JingDaily]
PRODUCT
  • Everlane is launching ‘clean silk’ in a move toward greater sustainability [Fashionista]
  • This digitally-knitted sportswear is like 3D-printed clothing [Wired]
  • River Island launches homeware [Drapers]
BUSINESS
  • Why the gender discrimination lawsuit against Nike is so significant [Vox]
  • Mulberry hit by House of Fraser collapse [FT]
  • $500 million in counterfeit Louis Vuitton, Gucci, Chanel Goods seized in one of the largest busts to date [TheFashionLaw]
  • Bringing affordable fast fashion to Africa [WWD]
CULTURE
  • How make-up swatches became a political battleground [Dazed]
  • In hype beast homes, Supreme accessories are the hot decor [Fashionista]

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.