Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
bits-and-bytes
Technology
Bits & Bytes | Adidas Launches Lifestyle App, Amazon Leads 'Try Before You Buy' Trend
This week, why the Adidas 'All Day' App is more than just a fitness tracker, while Amazon leads the pack in a new online shopping trend.
Technology
Bits & Bytes | Fashion Brands Abandon Snapchat, Factories of the Future
This week, Snapchat loses out as fashion turns to Instagram Stories, and how 3D printing will power the factories of the future.
Technology
Bits & Bytes | China's Social Media Shut-Down, Wearable Tech to Double by 2021
This week, Chinese luxury brands are concerned after the government closes 60 social media accounts, while wearable tech looks likely to double in size within four years.
Technology
Bits & Bytes | Digital Darwinism, 45 Percent of Retailers Plan to Use AI
This week, how to survive in an age of ‘digital darwinism’ and why deep knowledge of logistics and tech is more important than fashion and marketing expertise for today’s apparel CEOs.
Technology
Bits & Bytes | Snap’s New Spectacles May Include AR, Google’s Fashion Archive
This week, sources suggested that Snap’s second generation video glasses could include Augmented Reality features, while Google launched a new digital fashion archive.
Technology
Bits & Bytes | Bots Capitalise on Supreme's Success, The Mass Customisation Revolution
This week, how botmakers are profiting from the demand for streetwear's biggest labels, while knitwear machinery is personalising the apparel industry.
Technology
Bits & Bytes | Fashion Embraces Hackathons, Interactive Clothing and More...
This week, fashion belatedly taps the talent opportunity in hackathons, while biosensors woven into fabric reimagine the body's interaction with clothing.
Technology
Bits & Bytes | Snap's Spectacles Designer, Fashion Steps Up to Smartwatches
This week, how Lauryn Morris fused fashion and tech to design Snapchat Spectacles, while Tag Heuer and Fossil go all-in on smartwatches.
Technology
Bits & Bytes | Using Tech to Spot Luxury Fakes, Do Beauty Apps Drive Sales?
This week, portable scanning devices are exposing counterfeit luxury goods, while virtual makeover technology helps bolster makeup sales.
Technology
Bits & Bytes | Amazon's Fashion-Forward Echo Look, AR Versus VR in Retail
This week, Amazon introduces a new incarnation of its Alexa voice assistant aimed at fashion lovers, while AR and VR prove useful to retailers in very distinct ways.
Technology
How Google Ads Drive Sales, In-Home Delivery to Revolutionise E-Commerce?
This week, Google’s expanding array of ad formats is a prime driver of profits, while smart-lock maker August tries to jumpstart the e-commerce industry with a unique home-delivery model.
Technology
Google Targets Pinterest, Are Innovation Labs A Necessity?
This week, Google's new "Style Ideas" feature challenges Pinterest's search ambitions, while innovation labs could be crucial in today's tough retail environment.
The News in Brief
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.
L’Oréal Sales Beat Expectations as Premium Products Surge
The French giant handily beat expectations on strong demand for hair products at salons and premium skincare from its dermatological division.
P&G Beats Revenue Estimates, Flags Bigger Hit to Annual Profit
The maker of Pantene shampoo was helped by strong personal care demand, but expects higher commodity costs to reduce profit by about $1.4 billion this year.