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

Brexit is here, Vogue.com’s return to e-commerce, fashion copes with Coronavirus

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

Top Stories
  • Brexit is here. What’s next for fashion? (Vogue Business)
  • Vogue.com to launch new shopping vertical (WWD)
  • How the fashion industry is coping with the Coronavirus crisis (Jing Daily)
Technology
  • AI-powered robot warehouse pickers are now ready to to work (MIT)
  • H&M and Magic Leap redefine the customer experience (Magic Leap)
  • Fashionphile is turning luxury authentication into a science (Fashionista)
  • ‘We can’t scale humans’: Why startups are raising millions to build AI avatars (Fast Company)
  • Smart tags seen as next marketing tools (WWD)
  • The Future of Fintech: AI & Blockchain (Business Insider)
  • Walgreens is expanding its digital cooler doors ad network (Digiday)
  • Birmingham’s Thomas Crown gallery to be city’s focal point for AR & street art (VR Focus)
Sustainability & Purpose
  • BRC announces new voluntary vegan guidelines for fashion (Drapers)
  • Guardian bans ads from fossil fuel companies (Campaign)
  • Copenhagen Fashion Week unveils ‘radical’ sustainability plan (Fashion United)
  • Unibail-Rodamco-Westfield achieves top score for climate action (Retail Gazette)
  • Pandora commits to carbon neutrality by 2025 (Fashion United)
  • The drive toward sustainability in packaging – beyond the quick wins (McKinsey&Company)
  • Adidas debuts sustainable football field made out of ocean waste (Highsnobiety)
  • H&M Conscious becomes first retail collection to feature Circulose® (The Industry)
  • Worn Again technologies opens R&D plant in England (WWD)
Retail & Commerce
  • Estee Lauder, Sephora unveil shoppable AR makeup try-ons on Pinterest (Mobile Marketer)
  • H&M’S new boss says its 500+ ‘stores will change’ as it focuses on digitalization (Charged Retail)
  • Allbirds set to open its second UK store (The Industry)
  • E-commerce deliveries will overrun cities in 1 to 3 years (Retail Dive)
  • UK retail space could shrink by 20% (Retail Gazette)
Marketing & Social Media
  • How fashion brands like Off-White and Balenciaga are getting in on Super Bowl 2020 (WWD)
  • 42% of people believe ads can change the world, despite trust crisis (The Drum)
  • Danish fashion is withstanding Instagram’s test of time (Vogue Business)
  • As TikTok looms, Youtube plans to remain the ‘clear founding ground’ of British talent (The Drum)
  • Sephora and Chipotle want to go viral on TikTok. Their employees already are (Vox)
Product
  • Nike sells out of Kobe Bryant products (Hypebeast)
  • Nordstrom launches secondhand clothing sales (BoF)
  • This makeup primer is Revlon’s first clean-certified beauty product (Fast Company)
  • Will we buy mostly vintage clothes in the future? (WSJ)
  • Atolla receives patent for adjustable skin analysis system (WWD)
Business
  • LVMH revenues rise 15% in 2019 but uncertainty in Asia looms (Vogue Business)
  • J.C Penney gets NYSE warning on possible de-listing (WWD)
  • LVMH, Kering, Anta and Alibaba pledge donations to battle Coronavirus (WWD)
  • How fashion can navigate 2020’s political minefield (BoF)
  • New CEO and chairman for H&M Group (Drapers)
  • Levi Strauss boosts digital credentials with new board member appointment (Fashion United)
  • A new model for crowdsourcing innovation (HBR)
  • L’Oreal launches Employee Human Rights policy (WWD)
Culture
  • ‘Angels’ in hell: The culture of misogyny inside Victoria’s Secret (NYT)
  • Disney partners Secret Cinema to create global immersive experiences (Campaign)
  • Camille Walala decorates “kid’s dream house” with more than two million Lego pieces (Dezeen)
  • Atari is opening eight video game hotels across the US (Input)
  • Is the gaming world become more trans-inclusive? (i-D)

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 data e-commerce product Retail social media sustainability technology

2019 highlights: The year in innovation news

2019 was a big year for innovation and the Current Daily has been tracking it all throughout – from the rise of 5G-enabled experiences to the continued push towards a circular economy. 

Here, we highlight some of the most interesting stories from the year, outlining why they are an important indication of where the industry is moving in 2020 and beyond.

5G will drive 100m people to shop in AR

Augmented reality took center stage this year as its user-friendly features meant a growing number of brands – and social media platforms like Instagram – started adopting it as a core engagement strategy.

In April, a Gartner report highlighted that 100 million people will shop in AR once high-speed 5G mobile services roll out more extensively. This means the experience is going to be more seamless than ever, giving it better real-time rendering, shorter download times and reduced latency. Retailers seem to be on board, as 46% of them plan to deploy either AR or VR. Check out our piece exploring what other benefits 5G will bring retail.

Fashion brands have only met 21% of their circularity targets for 2020

If there’s one thing to be sure, there’s no escaping the growing momentum around shifting to more sustainable practices as an industry. But is there really progress being made? In July, the Global Fashion Agenda (GFA) launched its second yearly assessment of fashion brands and retailers to find that only reached 45 (21%) of the 213 targets the industry has set for 2020 will be met. 

This means the 90 signatories of the GFA’s 2020 Circular Fashion System Commitment, which includes fashion companies like adidas, PVH Group and Inditex, will have to hurry if they want to achieve more in the next year. We talked a lot about the need for action in this space when a further collaborative group was announced: the G7 Fashion Pact. If you ask us, it’s time to say enough to the pledges, rather give us some tangible outputs.

H&M to trial clothing rental for the first time

Talking of sustainability, one are where we have seen a lot of action and experimentation this year is in new business models. Rental is making serious strides at all ends of the market, but perhaps most interestingly within fast fashion just recently as the H&M Group announced it will trial clothing rental at one of its H&M Stockholm stores. Members of its customer loyalty program can now rent selected party dresses and skirts from its 2012-2019 Conscious Exclusive collections.

Recently, its brand COS also launched a pilot where it is renting out clothes through Chinese subscription rental platform YCloset, which customers can access through a monthly flat rate. We also published a deep-dive into the different opportunities we see for the industry in rental, here.

Allbirds CEO calls out Amazon product copying

In November, Allbirds’ co-founder and CEO, Joey Zwilinger, wrote an open letter to Amazon’s Jeff Bezos after discovering the e-commerce platform was producing its own wool sneakers similar to the brand’s most popular style.

Instead of going the usual lawsuit route, the founder took this as an opportunity to highlight his brand’s sustainability mission. In the letter, Zwilinger highlights that Allbirds’ sustainable philosophy is open source, and it has thus far helped over 100 brands who were interested in implementing its renewable materials into their products, suggesting Amazon might like to do the same. It was a bold move but one that sparked a conversation around the role of collaboration once more, and its critical place in true innovation.

Gen Z loves TikTok. Can fashion brands learn to love it too?

Gen Z quickly adopted Chinese social media platform TikTok as their app du jour this year for its bite-sized video content. Currently, 66% of the platform’s 500 million global users are under 30, according to data analytics firm, Business of Apps.

Brands have started to follow suit, tapping the app to drive engagement and ultimately sales. Content varies from crowdsourced, as in a recent Burberry campaign that saw users challenged to create the brand’s logo with their fingers, through to more refined, such as in a snippet of an interview with singer Shawn Mendes for Calvin Klein. We explored various other brands setting TikTok precedent, here.

Lush abandons social media

While TikTok has been taking off, elsewhere social media is slowing for some. Vegan cosmetics brand, Lush, for instance decided to shut down all of its activity in the UK as it became “tired of fighting with algorithms” or paying to appear on news feeds. Instead, it suggested a hashtag where fans would still be able to speak to the brand.

Lush’s bold move speaks to fight playing out for anything still resembling organic reach. As consumers become jaded over being ‘sold to’, brands are having to find novel ways to reach them, beyond the influencer route. One other area we’re tracking here is those owning their own conversation channels, as with both Glossier and H&M of late.

Coty acquires majority stake in Kylie Jenner’s beauty business

2019 was the year of major acquisitions in both beauty and fashion. While LVMH recently announced it was snapping up Tiffany & Co for $16bn, other names included Farfetch buying New Guards Group, which operates streetwear favorite Off White for $675m; Shiseido acquiring cult skincare brand Drunk Elephant for $845m; and more recently, Coty acquiring a majority stake in Kylie Jenner’s beauty business, Kylie Cosmetics, for $600m. 

The latter served as particular confirmation of how brands build and grow in this day and age. Jenner, who was 18 when she started a single ‘lip kit’ line, used Instagram to form a direct conversation with her audience. In 2019, this seems like an obvious strategy, but the reality star’s foresight to do so in 2015 has undoubtedly been her recipe for success.

How luxury fashion learned to love the blockchain

Amid growing concerns over the proliferation of counterfeit goods, luxury brands also began to embrace blockchain as an important authentication tool this year. 

Earlier this year, we heard about how LVMH launched its own platform, Aura, which is currently being piloted with some of the brands in its portfolio and will further expand in the future. Kering and Richemont meanwhile are said to be exploring this too, while De Beers is using it to trace its diamonds. Once matured, the technology will undoubtedly make its way into the hands of the consumer, who will be able to better understand where their possessions are coming from. We also tracked some of the other innovations in the transparency space; an area that continues to heat up.

Automation in retail: an executive overview for getting ready

Automation was another big tech focus this year, particularly for its potential impact on retail, from supply chain management to last mile delivery. This shift is putting pressure on retailers to rethink their operating models, distribution centres and headquarters, with McKinsey warning that brands that fail to implement it into their strategy risk falling behind. 

Automation is something we’ve long been talking about for the sake of efficiency, but there also comes a significant ethics conversation to be had here, which the industry is exploring. We agree, now is the time.

What Fortnite could mean for fashion

The global gaming market is expected to reach $180bn by 2021, and fashion brands are realizing the valuable potential in this. Free-to-play video game Fortnite has grown into a multi-million dollar business by selling clothing to image-conscious gamers, for instance. This monetization of player aesthetics, more commonly known as ‘skins’, has opened the door for retailers to cash in on the virtual world. 

Going forward, we expect more brands to invest in digital garments or utilize gaming to drive product discovery. We accordingly explored how gamification is being used in the shopping journey by brands like Kenzo and Nike to both increase engagement and build brand loyalty.

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 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.

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

Is footwear fueling the Amazon fires, NYFW’s evolution, Zalando trials robots

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

TOP STORIES
  • Is footwear funding the burning of the Amazon? (Vogue Business)
  • Under Tom Ford, New York Fashion Week undergoes an evolution (Vogue Business)
  • Zalando trials robots to pick shoe orders (Charged Retail)
  • Glitz, glamour & garbage: Why fashion week needs to clean up its act (BoF)
TECHNOLOGY
  • Sizing tech takes on fashion’s expensive returns problem (Vogue Business)
  • IBM serves up an ace with AI at the US Open (AdWeek)
  • Nike just created a high-tech shoe that you can control with Siri (Fast Company)
  • Amazon apparently wants to turn your hand into an ID store purchase (The Next Web)
  • ‘Deepfake’ app causes fraud and privacy fears in China (BBC)
  • Alibaba storms NYFW with data driven design (Nikkei)
SUSTAINABILITY & PURPOSE
  • Climate activists ask Jess Bezos to buy the Amazon rainforest (Ad Week)
  • Primark to train 160,000 cotton farmers in latest sustainability move (Retail Gazette)
  • H&M’s COS launched Restored Collection, ‘saves damaged garments’ (Fashion Network)
  • The Amazon fires stops Vans & Timberland buying Brazilian leather (Quartz)
  • H&M boycotts Brazilian leather following Amazon fires (Fashion United)
  • Why Levi’s new water strategy represents an ‘evolution in thinking’ (Sourcing Journal)
  • Gap sets new sustainability design focus with atelier & repairs capsule (WWD)
  • ‘Misleading’ Peta ad claiming ‘wool is just as cruel as fur’ banned by ASA (The Drum)
  • Timberland is planting 50 million trees (Fast Company)
  • How IoT and AI can enable environmental sustainability (Forbes)
  • Allbirds & Just Water’s new capsule collection supports Amazon firefighting efforts (Sourcing Journal)
  • John Lewis looks for water source (Drapers)
RETAIL & E-COMMERCE
  • Zalando launches resale pop-up store in Berlin (Fashion Network)
  • First look: Puma’s New York flagship (Drapers)
  • Burberry delves into chat-based commerce (WWD)
  • American Eagle takes on Sephora in an effort to be a one-stop shop for teens (Fast Company)
  • Amazon pushes fast shipping but avoids responsibility for the human cost (NY Times)
BUSINESS
  • Tapestry CEO ousted for poor performance, per internal email (Vogue Business)
  • Fake Allbirds & Glossier dupes: DTC brands are battling counterfeits and knockoffs (BoF)
  • Le Tote online retailers buys venerable Lord & Taylor for £100m (SF Chronicle)
  • Zara distances itself from Hong Kong protest controversy (The Industry)
  • M&S to be kicked out of FTSE 100 for first time (Fashion Network)
  • Walmart to stop some ammunition sales in response to shootings (Retail Dive)
  • Moda Operandi gets a makeover- by data and design (Vogue Business)
MARKETING & SOCIAL MEDIA
  • Is TikTok a time bomb? (Fast Company)
  • Ralph Lauren moves onto TikTok platform with US Open campaign (WWD)
  • Reebok drops Cardi B sneakers on Alexa, Google Assistant (Mobile Marketer)
  • Fortnite star Ninja signs multi-year apparel deal with Adidas (The Verge)
  • Molton Brown unveils perfume range via scent experience (Campaign Live)
  • Why Estee Lauder are spending 75% of their marketing spend on influencer marketing (The Drum)
PRODUCT
  • Google’s Project Jacquard returns on an YSL backpack strap, for $880 (The Verge)
  • How Fenty beauty is selling cruelty-free products to China (BoF)
CULTURE
  • Dior pulls ‘Sauvage’ campaign after facing appropriation backlash (BoF)
  • Walmart comes under fire for ‘segregating’ products (Fashion Law)
  • Has inclusivity skipped fashion’s front row? (Vogue Business)
  • The future of the cannabis industry (Quartz)
  • How Tommy Hilfiger thrived on hip hop (without being accused of cultural appropriation) (BoF)

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 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 Campaigns data digital snippets e-commerce product Retail

Stella McCartney and LVMH, Amazon Prime Day, brands missing sustainability targets

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

TOP STORIES
  • Why LVMH struck a deal with Stella McCartney (Bof)
  • Amazon Prime Day brings sales, and risks, for retailers (NY Times)
  • Fashion brands have only met 21% of their circularity targets for 2020 (Fashion United)
  • Inside the Victoria’s Secret pipeline to Jeffrey Epstein (NY Post)
  • Reddit’s Alexis Ohanian: “data and creativity are not mutually exclusive” (Vogue Business)
  • The battle of the sneaker bots (BoF)
TECHNOLOGY
  • Facebook counts $5bn cost of Cambridge Analytica scandal (The Drum)
  • What brands are getting wrong about AR (Mobile Marketer)
  • The band aid of the future knows when you’re healed (Fast Company)
  • Forget synthetic meat, lab grown dairy is here (Bloomberg)
  • In China, facial-recognition technology is being deployed to take out the trash (Quartz)
SUSTAINABILITY & PURPOSE
  • Should we stop washing our clothes? (BBC)
  • Can rented clothes save the fashion industry (and the planet)? (Highsnobiety)
  • The big fashion fight: can we remove all the toxic, invisible plastic from our clothes? (The Guardian)
  • Norway challenges H&M on its sustainability claims (Tree Hugger)
  • Triumph invites its customers to recycle together (WWD)
RETAIL & E-COMMERCE
  • Under Armour utilizes 3D avatar technology to develop digital sizing standards (Fashion United)
MARKETING & SOCIAL MEDIA
  • How TikTok is testing in-app e-commerce  (Digiday)
  • Topshop launches digital dating programme (Drapers)
  • Michael Kors launches scavenger hunt experience for NYC consumers (Fashion United)
  • Celine builds a mini-site via WeChat mini program  (Jing Daily)
PRODUCT
  • Lady Gaga’s new beauty line for Amazon (Bof)
  • Glossier to drop limited-edition fashion line (Fashion United)
  • G-Star Raw announces sustainable ‘dyed by nature’ collection (WWD)
  • Camper and Ecoalf launch sustainable footwear collaboration (Fashion United)
BUSINESS
  • UK manufacturers call for action on migration (Drapers)
  • Luxury retailer Barneys New York may file for bankruptcy, report says (Fashion United)
  • Kanye’s second coming: inside the billion-dollar Yeezy empire (Forbes)
  • Primark founder Arthur Ryan dead at 83 (Fashion United)
CULTURE
  • The year of ‘woke-washing’: How tone-deaf activism risks eroding brands (Marketing Dive)
  • Chanel hires first head of diversity & inclusion (Hypebeast)

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

ICYMI: UK gov rejects sustainable recommendations, celebrating Karl, GenZ and TikTok

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

TOP STORIES
  • UK ministers reject plans for 1p per garment levy to tackle fast fashion [The Guardian]
  • ‘Karl for ever’: a joyful celebration of Karl Lagerfeld’s legacy [WWD]
  • Gen Z loves TikTok. Can fashion brands learn to love it too? [BoF]
  • How a £1 bikini revealed the changing shape of fast fashion [The Guardian]
TECHNOLOGY
  • The world is a mess. We need fully automated luxury communism [NY Times]
  • John Lewis to trial VR experience in shops [Fashion Network]
  • Amazon deploys ‘Pegasus’ robots in sortation centers [Retail Dive]
  • Training a single AI model can emit as much carbon as five cars in their lifetimes [Technology Review]
SUSTAINABILITY & PURPOSE
  • H&M called out on “illegal” sustainability marketing [Eco Textile]
  • Net-a-Porter has started telling customers which brands are sustainable [The Independent]
  • More than half of British and American consumers want a more sustainable fashion industry [i-D Vice]
  • Prada sets goal to phase out virgin nylon by 2021 [BoF]
  • Ralph Lauren unveils new sustainability goals [WWD]
  • Banana Republic announces waterless dyed denim for 2020 [Fashion United]
  • Why we can’t relax about vegan leather [Vogue Business]
  • The North Face teams with National Geographic for upcycled plastic line [Fashion United]
  • Asos unveils ‘responsible edit’ [Drapers]
RETAIL & E-COMMERCE
  • Verishop’s plan to be the Amazon of “affordable luxury” [Vogue Business]
  • Carrefour opens store with facial recognition and sensors [Retail Dive]
  • Pablo Isla defends ‘integrated model’ as a way to differentiate Inditex [Fashion Network]
  • Backstage and Story are very pretty. But, will they lure shoppers to Macy’s? [Retail Dive]
  • Gamification: the future of luxury retail in China [Jing Daily]
MARKETING & SOCIAL MEDIA
  • The AI-driven social media network hailed as the next Tumblr [Dazed]
  • Mountain Hardwear launches AR app to bring outdoor gear to life [Retail Dive]
  • The future of marketing is bespoke everything [The Atlantic]
  • Mulberry bases new marketing campaign on British pub culture [Fashion Network]
  • MAC Cosmetics tries on YouTube’s newest AR ad formats [Retail Dive]
PRODUCT
  • Dolce & Gabbana becomes the first luxury fashion house to extend sizes [Fashion United]
  • Adidas and Ikea to develop products for home workouts [Fashion Network]
BUSINESS
  • Unilever acquires beauty brand Tatcha for a reported $500 million [AdWeek]
  • Chanel dispels rumors of sale after announcing a strong financial year [Fashion United]
  • Mulberry falls into the red [Drapers]
  • Kenzo parts ways with creative directors Humberto Leon and Carol Lim [WWD]
  • Topshop owner’s fall is fastest in UK high street memory [Vogue Business]
  • Revenue jumps 39% at Boohoo Group [Drapers]
CULTURE
  • Unilever boss warns of dangers of ‘woke-washing’ in ad industry [Sky News]
  • As drag goes mainstream, queer fashion designers reap business benefits [Fashionista]
  • It’s long overdue for fashion to think about people with disabilities [Hypebeast]
  • Streetwear’s big opportunity: women [BoF]

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.