At $3.4 billion, Richemont’s offer to buy online luxury group Yoox Net-a-Porter is a pricey sign of the times. Competition to embrace digital e-commerce and technology has defined the growth strategies of other luxury groups, Kering and LVMH, as Richemont has stayed behind. Yoox Net-a-Porter, meanwhile, has two online luxury...
Abercrombie & Fitch is finally beginning to see results from the revamped identity it cultivated over the last year. The company not only announced increased sales projections for the fourth quarter of 2017 in advance of a its forthcoming earnings call, but executive chairman Arthur Martinez said he will officially...
As brands work to eliminate inefficiencies in the production process, artificial intelligence, in particular, is playing an increasingly critical role in not only manufacturing and supply chain logistics, but in the creative design process as well. It’s a tool that’s catching on among legacy brands, technology providers, student designers and...
Rebecca Minkoff is skipping out on New York Fashion Week again, but rather than taking her talents westward she’s debuting her latest collection on social media.
Those watching the runway during NYFW: China Day will be able to shop the runways in the Tmall mobile app as they happen. The shop model mirrors that of Alibaba’s Singles’ Day see-now-buy-now event: Show attendees and viewers (the China Day shows will be streamed online on Tmall’s and CFDA’s...
After H&M was widely lambasted last week for an incident involving racist marketing, the company announced on Wednesday it appointed a diversity manager to prevent similar mishaps. However, specific details about what the position will entail and if it will contribute to tangible change, rather than act as a reactionary...
Standing in the middle of an empty retail store in Manhattan’s NoHo neighborhood last week, Rob Smith, founder of the forthcoming Phluid Project, gesticulated wildly as he shared his vision for the multi-brand, genderless retail store set to open on March 1.
All this see-what-sticks schedule shifting is indicative of the industry’s ongoing sea change: Customers are in charge, and the traditional fashion calendar, which prioritized wholesale relationships, is out of sync with their behavior. So the designers -- more in charge of their own decisions, sales and destinies, thanks to digital...
Kiehl’s is using artificial intelligence and text messaging in its fight against Amazon. The cosmetics brand, which does the majority of its business through its own Kiehl’s-branded stores and on Kiehls.com, is now using text messaging as a way to keep customers coming back.