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Bits & Bytes | Wearables, Cloth Inc, Image Recognition, Apple Watch, StyleHaul

Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Jawbone Wearables | Source: Jawbone
By
  • Kate Abnett
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"All I Want for Christmas is a Wearable Device" (The Financial Times)
"Wearable devices are predicted to be big sellers in the run-up to Christmas, thanks to a huge leap in public awareness about fitness trackers and smart watches."

"This bite-sized boutique startup is undaunted by fashion giants like Zalora" (Tech in Asia)
"Cloth Inc is already bringing in Rp 250 million (US$20,677) in revenue per month. That figure is not shabby for a pint-sized bootstrapped operation in an already crowded market."

"The Trouble with Fashion Recognition Apps" (The Business of Fashion)
"Though tens of millions of dollars of investment has poured into the space, fashion recognition apps have yet to fulfill their original promise."

"Apple Watch starts countdown on face off with Swiss industry" (The Financial Times)
"While Swiss watch executives are wary about the arrival of such a muscular rival, few see an existential threat to one of the Alpine nation's most famous industries."

"Another YouTube Network Sells: RTL Picks Up StyleHaul and Its Fashion-Focused Audience(Re/Code)
"RTL Group, the European TV and radio conglomerate which had put $6 million into StyleHaul in 2013, will pay another $107 million to take control of the company. RTL says the deal values StyleHaul at $151 million."

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