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business e-commerce Podcast product Retail sustainability technology

Ganni: Taking risks for long-term return

The most important question everybody needs to ask themselves relative to a more sustainable fashion industry is around cost and long-term thinking, explains Nicolaj Reffstrup, founder of Danish fashion brand, Ganni, on the latest episode of the Innovators podcast.

“If you really want to do something, you need to look at the fabrics that you’re using and see if you can convert those to recycled fabrics, or at least organic fabrics. But that comes with a cost. So the biggest and most important question everybody needs to ask themselves, is literally how much are we spending on converting our company or our brand and our product towards a more sustainable future?” he asks.

Oftentimes, the immediate follow-up query to what is the cost, is who is going to pay for it. The majority of brands in the space – including those actively making moves towards adapting their business processes – are measured on short term returns. And yet sustainability is not an overnight fix. To make the changes that are really necessary throughout the supply chain is a big and long-term investment.

So how do we convince CFOs and shareholders that it’s worthwhile – that we have to take a hit now in order to benefit in the future. Or more importantly, that there is indeed a business case there to do it full stop?   

Ganni is one exploring it from all angles. The fact it’s small and agile means it has more ability to do so, but it also means it relies entirely on an outsourced supply chain to drive the agenda forward. Power is therefore limited, but ambition is not.

Rachel Arthur, co-founder & chief innovation officer at Current Global & Nicolaj Reffstrup, founder of Ganni

Join us as we discuss with Reffstrup how the brand is flexing its muscle as well as making investments to drive towards a more sustainable future. We also explore how he’s watching innovation from other industries like food, the new rental business model he’s testing, and why he believes sustainability and fashion is a contradiction that needs to be faced by all brands.

Listen here: Entale | Spotify |  Apple Podcasts | Android Google Podcasts | Stitcher | RSS

Catch up with all of our episodes of the Innovators podcast by the Current Global here. The series is a weekly conversation with visionaries, executives and entrepreneurs. It’s backed by the Current Global, a consultancy transforming how 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 Podcast product Retail

Stadium Goods: Riding the sneaker culture boom

The success of Stadium Goods comes off the back of unprecedented consumer desire for sneakers and the need for a rich brand experience in which to buy them, says the platform’s co-founder and co-CEO, John McPheters, on the latest episode of the Innovators podcast. 

“For me the light bulb was that demand had never been higher. It was continuously growing, there were more and more people that wanted to buy our products, but there wasn’t a rich experience that consumers could go to to buy that stuff that was trusted, where they knew what they were getting, where they could really hang their hat on the brand experience and the presentation.” he explains.  

As a result he and his partner, Jed Stiller, set about creating a site that is focused on consignment – meaning it resells existing sneaker stock as well as broader streetwear – but it only does so with unworn and authentic styles. That focus on trust is the key, he says.  

Only launched in 2015, the site was acquired by ecommerce marketplace Farfetch in 2018 for $250 million. Very few emerging businesses have seen such rapid growth. It’s now considered such a market leader, it recently announced a partnership with auction house Sotheby’s to sell 100 of the rarest, most coveted sneakers ever produced.  

The site’s explosion aligns with the growth of sneaker culture worldwide. Expected to hit nearly $100bn in global sales by 2024, sneakers are outpacing much of the rest of the industry, including that of handbags. As a result, they have become the new ‘cash cow’ and awareness driver for all manner of brands, not least those in the luxury space, where such products are used as entry to otherwise more aspirational price points. 

In all parts of the market this has resulted in ‘cult’ or ‘it’ sneakers to own as a result. A rare pair of Nikes today can easily sell for as much as those from Gucci or Balenciaga as a result. This means it’s increasingly a race, with some limited edition styles going for $10,000 or more. 

Co-Founder & CEO, Current Global, Liz Bacelar and Co-Founder & Co-CEO, Stadium Goods, John McPheters

In this episode, recorded live at the British Fashion Council’s annual Fashion Forum, we chat to founder John McPheters about the cultural relevance of such products, the evolving role of exclusivity and desire in luxury today, and just how what he’s doing is really about teaching the industry to give up control.

Listen here: Entale | Spotify |  Apple Podcasts | Android Google Podcasts | Stitcher | RSS

Catch up with all of our episodes of the Innovators podcast by the Current Global here. The series is a weekly conversation with visionaries, executives and entrepreneurs. It’s backed by the Current Global, a consultancy transforming how 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
Editor's pick social media technology

Prada enlists computer-generated influencer to promote Fall 18 show

Lil Miquela for Prada Fall 18
Lil Miquela for Prada Fall 18

Prada has worked with Lil Miquela, a computer-generated virtual influencer, to promote its Fall 2018 collection via animated GIFs on Instagram Stories.

To announce the partnership alongside the label’s Milan Fashion Week runway show, Miquela posted a series of short Instagram videos featuring the GIFs, and invited her followers to head to Stories and play. The call to action read: “Go off!! #pradagifs are live in stories! Start posting and tag me.”

Over on Prada’s account, the CGI avatar gave followers a mini tour of the show space, a new Rem Koolhaas venue, while flying a drone around, which she controlled with her phone.

GIFs ranged from inspiration of Prada’s current collection, as well as nods to more archival pieces such as the SS10 flame shoe and the SS11 banana print.

Lil Miquela for Prada Fall 18
Lil Miquela for Prada Fall 18

Miquela Souza, or Lil Miquela, is a virtual version of a 19-year-old Los Angeles based influencer, who boasts over 600k followers on Instagram, and whose creators remain purposively elusive.

Speaking to the Business of Fashion in February, Miquela explains her success: “Initially, it probably stems from curiosity. I think people stick around because they end up learning more about themselves through the questions they’re asking. I love being able to communicate, learn and talk to everyone from all corners of the world. There is a sense of community to it as well, the people who follow me end up being friends with each other and the communications that it opens up is inspiring.”

Since “launching”, the influencer has been seen wearing the likes of Vetements and Proenza Schouler, while her music track “Not Mine” has been played over 100K times on Spotify.

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

What you missed: SXSW special, see-now-buy-now’s decline, LVMH’s e-commerce moves, Gucci’s memes

The #TFWGucci meme campaign - weekly round-up Gucci LVMH SXSW
The #TFWGucci meme campaign

There’s a lot to catch up on from the past fortnight – from news of the see-now-buy-now revolution’s fading, to LVMH’s e-commerce plans and Gucci’s meme campaign, not to mention the creative director shifts happening at the likes of Givenchy and Chloé.

On top of that however, is also a special digest of everything you need to know from SXSW – from our own round-up of the top technologies on show and the numerous Levi’s, Marc Jacobs and Bolt Threads announcements, through to varying views on areas including chatbots, drones and more.

If that’s not enough, do also take time to read the much deeper dives on artificial intelligence we’ve highlighted both under the top stories and tech headers too.


TOP STORIES
  • The see-now-buy-now revolution is fizzling [Glossy]
  • LVMH goes digital with all its brands under one luxury goods e-commerce site [FT]
  • #TFWGucci is the new viral campaign merging memes and fashion [Sleek]
  • WWD worked with IBM Watson’s AI to predict the biggest trends of the season [WWD]
  • Why Cosabella replaced its agency with AI and will never go back to humans [Campaign]

SXSW SPECIAL
  • SXSW 2017: Tech takeaways from AI to blockchain for the fashion and retail industries [F&M]
  • Trying on the Levi’s and Google smart jacket at SXSW feels like the future [Forbes]
  • Why Marc Jacobs’ cynical view of fashion and technology at SXSW won’t last [Forbes]
  • Bolt Threads is launching its first bioengineered spider silk product at SXSW – a tie [Forbes]
  • My afternoon at the virtual reality cinema, including trying the Spatium Philip Treacy experience [USA Today]
  • For fashion brands flocking to SXSW, what’s the ROI? [BoF]
  • Spotify lets The North Face release campaign where it rains [BrandChannel]
  • How may AI help you, sir? [Campaign]
  • 4 best practices to make bots the next big user interface [AdAge]
  • Amazon’s delivery drones can be seen at SXSW [Fortune]
  • Fashion and beauty brands are still gaga for Instagram [Glossy]
  • Armani, Neiman Marcus embrace SXSW to appeal to young affluents [Luxury Daily]
  • Neiman Marcus tries see-now-buy-now at SXSW [WWD]
  • Pauline van Dongen’s touch-sensitive denim jacket gives intimate back rubs [Dezeen]

BUSINESS
  • Neiman Marcus reportedly in talks to sell to Hudson’s Bay [Retail Dive]
  • Canada Goose gets a warm reception, extending momentum of IPO market [USA Today]
  • Clare Waight Keller becomes the first female artistic director at Givenchy [The Guardian]
  • Chloé names Natacha Ramsay-Levi as creative director [NY Times]
  • Tom Ford bids farewell to see-now-buy-now [WWD]
  • Thakoon’s business restructuring is a blow to see-now-buy-now [Glossy]
  • M&S, Starbucks, Microsoft and L’Oréal named among world’s most ethical companies [Campaign]
  • Uniqlo thinks faster fashion can help it beat Zara [Bloomberg]
  • One simple way to empower women making H&M clothes in Bangladesh: Stop paying them in cash [Quartz]

SOCIAL MEDIA
  • Facebook rolls out version of Instagram Stories for Messenger [AdWeek]
  • How brands are innovating on messaging platforms [L2]
  • What a chatbot can teach you – and Unilever – about hair [AdAge]
  • Drop it like its bot: Brands have cooled on chatbots [Digiday]
  • How luxury fashion brands in China use WeChat in 2017 [JingDaily]

MARKETING
  • Marques’Almeida launched an interactive website as its latest campaign [BoF]

RETAIL & E-COMMERCE
  • Shopify: The invisible selling machine [Fortune]
  • Millennials buy more clothes on Amazon than any other website [Recode]
  • LIKEtoKNOW.it’s app helps you buy the products in your screenshots [TechCrunch]

TECHNOLOGY
  • How AI will make commerce as natural as talking to a friend [LinkedIn]
  • Stitch Fix creates garments using artificial intelligence as more firms seek to develop creative software [WSJ]
  • AI-powered customer service needs the human touch [Huffington Post]
  • Rethinking warehouse fulfillment — with robots [WWD]
  • Sephora is betting big on augmented reality for beauty [Glossy]
  • Walmart launches tech incubator dubbed Store No. 8 [Forbes]
Categories
digital snippets e-commerce film social media Startups technology

Digital snippets: Wren, Gucci, John Lewis, Lord & Taylor, Kenneth Cole, Sephora

A bit of a catch-up post today in light of several weeks of travel… here then all the latest stories to know about surrounding fashion and tech from the past fortnight or so:

 

  • “First Kiss” film (as above) goes viral with 63 million views – is ad for clothing label Wren [NY Times]
  • Gucci launches own Spotify music hub to promote short film ‘The Fringe’ [The Drum]
  • John Lewis looks to digital innovation as next big thing in retail with ‘JLab incubator’ [The Guardian]
  • Lord & Taylor now accepting bitcoin [CNBC]
  • Kenneth Cole challenges consumers to do good deeds and prove it via Google Glass [Creativity]
  • Sephora launches ‘Beauty Board’ social shopping platform [USA Today]
  • Bergdorf Goodman makes Instagram shots shoppable at SXSW with 52Grams [5th/58th]
  • Dolce & Gabbana crafts love story around perfume to appeal to consumer emotion [Luxury Daily
  • adidas launches gaming platform powered by social media starring Lionel Messi [Marketing Magazine]
  • Can Instagram save ageing teen retailer Aeropostale? [CNBC]
  • Which big brands are courting the maker movement, and why – from Levi’s to Home Depot  [AdWeek]
  • How beacon technology could change the way we shop [Fashionista]
  • On Instagram, a bazaar where you least expect it [Bits blog]
  • What Google’s wearable tech platform could mean for the fashion industry [Fashionista]
  • Smartphone payment system to be unveiled in UK [FT]
  • Alibaba ramping up efforts to sell US brands in China [WSJ]
  • What does WeChat’s new e-credit card mean for luxury? [JingDaily]
  • Op-Ed | Are camera phones killing fashion? [BoF]
Categories
digital snippets social media

Digital snippets: Michael Kors, Rebecca Minkoff, Vivienne Tam, Marc Jacobs, Zac Posen

From New York to London, and everything in between, here’s a mega round-up of all the latest stories surrounding fashion and tech…

MarcJacobs_mjdaisychain

  • Rebecca Minkoff gives inside look at fashion week with Keek app [Mashable]
  • Vivienne Tam’s WeChat partnership delivers NYFW front-row access [Jing Daily]
  • Marc Jacobs opens fashion week pop-up that accepts Tweets as payment (as pictured) [Fashionista]
  • Zac Posen curated a Spotify playlist for his new lookbook [Styleite]
  • Alexander Wang showed colour-changing clothes during fashion week [Technical.ly]
  • Warby Parker tops list of top 10 retail innovators [Fast Company]
  • London Fashion Week: Nokia and Fyodor Golan create ‘world’s first’ smart skirt [Marketing]
  • Net-a-Porter puts its fashion sense on paper in new print magazine [BrandChannel]
  • Miu Miu unveils ‘Spark and Light’ short film [WWD]
  • Sass & Bide launches 360-degree shoppable ad [PSFK]
  • Bloomingdale’s hosts live-styling event on Instagram to drive interaction [Luxury Daily]
  • The new Moda Operandi app is like Tinder for designer clothes [NY Observer]
  • Instagram is shaping up to be the world’s most powerful selling tool [Forbes]
  • Seven ways retailers are embracing tech, from body scanning to digital wallets [AdAge]
  • What’s so alluring about a woman known as Man Repeller? [NY Mag]
Categories
digital snippets film mobile social media technology Uncategorized

Digital snippets: Chanel, Hugo Boss, Warby Parker, My Flash Trash, CES

Some more great stories from around the web surrounding all things fashion and digital over the past week:

 

  • Gamines and a godson star in Karl Lagerfeld’s new Chanel film [Telegraph Fashion]
  • Hugo Boss bolsters runway live-streaming via mobile, Spotify [Luxury Daily]
  • Warby Parker’s latest annual-report infographic is a sight for sore eyes [AdWeek]
  • 12 fashion forward tech accessories from CES [Mashable]
  • What can we learn from the top five retail brands on Twitter? [Econsultancy]
  • Hearst to host technology event during NYFW [WWD]

And as bonus, here’s an incredible deck on social, digital and mobile stats from China. It’s bulky, but well worth the read: [We Are Social]

Categories
digital snippets film Uncategorized

Digital snippets: NYFW, FNO, Emporio Armani, Isaac Mizrahi, Louis Vuitton, Versace

Some more great stories from around the web surrounding all things fashion and digital over the past week:

  • How to follow New York Fashion Week online [Mashable]
  • Emporio Armani becomes first fashion brand to launch branded playlist on Spotify (as pictured) [Branding Magazine]
  • Digital highlights from Fashion’s Night Out New York [Mashable]
  • Isaac Mizrahi expands reach with augmented reality [WWD]
  • Louis Vuitton marks launch of Yayoi Kusama collection at Selfridges with short films by Ehsan Bhatti [TheInspirationRoom]
  • Donatella Versace thanks one millionth Facebook fan [Web&Luxe]
  • Anna Dello Russo records pop song and video to accompany her H&M collaboration [Telegraph Fashion]
  • Pose, 1M users strong, brings its fashion photo app to the iPad [TechCrunch]
  • Turning pins into purchase on Pinterest [AdWeek]
  • And a bonus link: I want my clothing to be smarter… [Elapsed Time]