LILLIE CASSATI 11 August, 2017
ORDRE WEEKLY | SALT ROOMS, A BOOTCAMP AND A PEEK AT RETAIL’S FUTURE
Tags AI, RETAIL, FUTURE, ORDRE WEEKLY, FASHION AWARDS, STRATEGY DIRECTORS, ONLINE SHOPPING, SUPPLIERS, DESIGNERS, LUXURY FASHION, ARTIFICIAL INTELLIGENCE, RETAILERS, DIGITAL CONVERGENCE, FUTURE OF RETAIL, EXPERIENTIAL
New York Times
"As stores around the country reckon with Amazon.com, discount chains and changing consumer habits, they are turning to 'experiential' offerings that entice people to enter their doors."
"On the product front, the convergence is one of function and fashion, and is influenced by the Internet of Things. On the shopping, buying and transaction side, the convergence involves reimagining physical stores as destinations where consumers explore and discover — and can buy online, in the store, or have it shipped to their home."
Business Of Fashion
"South Korea's retail sector has long been dominated by major conglomerates, but the country’s new president seems prepared to take a harder stance against the country's so-called 'chaebols.'"
"Store-based retailers must approach the current situation — a rapidly evolving environment — with a fresher approach and a strategy that keeps the threat of digital dominance top of mind, Goldman said."
"Artificial intelligence is making its way into the design room, and Stitch Fix’s hybrid program could just be the beginning."
"The town is around 75 miles south of Seville, nowhere near the world's fashion capitals of Milan, Paris, New York or London. Yet this collection of whitewashed houses, known as a pueblo blanco (white town) in Spanish, is where many of the top fashion brands source their leather goods."
"Payment-processing companies, which make the technology that enables web and mobile purchases, are getting a flurry of investments this year as buyers look for ways to profit from the shift to online spending."
"Farfetch and Marks & Spencer are among the fashion retail businesses enlisting strategists to bring a new perspective to their operations."
"This year's Fashion Awards in partnership with Swarovski will return to the grand venue of the Royal Albert Hall, the BFC announced this morning. Following last year's extravagant inaugural event under its new name, which also saw a shake-up in the accolades being presented, this year's ceremony promises the same spectacle when it takes place on Monday, December 4."
"By 2020, consumers from the country’s tier-II cities and beyond will comprise 55% of monthly online shoppers, up from 42% in 2016, Bengaluru-based research and consulting firm RedSeer noted in a press conference last week. Over 3,133 Indian cities, including Patna and Coimbatore, come under the tier-II and tier-III city categories, which have populations of under a million and under 50,000 respectively"
ORDRE is an online wholesale showroom for the luxury fashion industry that allows wholesale orders to be placed and managed through sophisticated yet easy to use technology.