Arnault Drops Out of World’s Top 10 Richest as US Tech Dominates
The LVMH chairman’s net worth fell to $143 billion on Thursday, pulling him beneath Warren Buffett, Bloomberg reported.
Digitisation
Latest News & Analysis
Retail
What Shein’s Lower Valuation Means for the Future of Fast Fashion
The fast fashion retailer reportedly raised funding this week at a lower valuation. But the e-commerce giant remains immensely popular — and may have some more tricks up its sleeves.
What Shein’s Lower Valuation Means for the Future of Fast Fashion
The fast fashion retailer reportedly raised funding this week at a lower valuation. But the e-commerce giant remains immensely popular — and may have some more tricks up its sleeves.
Technology
Alibaba Misses Revenue Estimate, Approves Cloud Unit Spinoff
China’s Alibaba Group Holding Ltd posted a 2 percent rise in quarterly revenue that missed expectations on Thursday and said it would list its cloud computing business in the next year.
Alibaba Misses Revenue Estimate, Approves Cloud Unit Spinoff
China’s Alibaba Group Holding Ltd posted a 2 percent rise in quarterly revenue that missed expectations on Thursday and said it would list its cloud computing business in the next year.
Luxury
Heron Preston Launches L.E.D. Studio
Part platform, part community, part innovation hub, L.E.D. Studio is a space to experiment with creative concepts using ‘less environmentally destructive’ practices. For the launch, Preston is rolling out an online store, a scholarship fund and a creative agency.
Heron Preston Launches L.E.D. Studio
Part platform, part community, part innovation hub, L.E.D. Studio is a space to experiment with creative concepts using ‘less environmentally destructive’ practices. For the launch, Preston is rolling out an online store, a scholarship fund and a creative agency.
Technology
Digital Fashion’s Unlikely Alliance
Epic Games, creator of the video game megahit Fortnite, and the maker of Clo3D, a popular 3D fashion-design tool, are so aligned in their visions of digital fashion’s future that they bought shares in one another.
Digital Fashion’s Unlikely Alliance
Epic Games, creator of the video game megahit Fortnite, and the maker of Clo3D, a popular 3D fashion-design tool, are so aligned in their visions of digital fashion’s future that they bought shares in one another.
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Technology
Amazon Plans to Add ChatGPT-Style Search to Its Online Store
Amazon Inc. plans to bring ChatGPT-style product search to its web store, rivalling efforts by Microsoft Corp. and Google to weave generative artificial intelligence into their search engines.
Amazon Plans to Add ChatGPT-Style Search to Its Online Store
Amazon Inc. plans to bring ChatGPT-style product search to its web store, rivalling efforts by Microsoft Corp. and Google to weave generative artificial intelligence into their search engines.
Technology
What Really Went Into Casablanca’s AI-Generated Marketing Campaign
Founder Charaf Tajer compared AI to electronic music or sampling: It may be done on a computer, but it still takes talent, creativity and effort to produce good results.
What Really Went Into Casablanca’s AI-Generated Marketing Campaign
Founder Charaf Tajer compared AI to electronic music or sampling: It may be done on a computer, but it still takes talent, creativity and effort to produce good results.
Technology
TikTok Denies US Shopping Platform Launch Delay
The social media giant, which is owned by Chinese company ByteDance, denied a Wall Street Journal report published Wednesday that it was postponing the wider rollout of its US shopping platform.
TikTok Denies US Shopping Platform Launch Delay
The social media giant, which is owned by Chinese company ByteDance, denied a Wall Street Journal report published Wednesday that it was postponing the wider rollout of its US shopping platform.
Partner Content
At Hyaloid, Evolving DTC to a Multiplatform Model
CEO Oh Sang Hyeon shares how Hyaloid’s latest platform strives to ease the customer user experience through several applications delivered on one platform technology, accessed with the use of one password on its social commerce service.
At Hyaloid, Evolving DTC to a Multiplatform Model
CEO Oh Sang Hyeon shares how Hyaloid’s latest platform strives to ease the customer user experience through several applications delivered on one platform technology, accessed with the use of one password on its social commerce service.
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Technology
RFID’s ‘Quiet Revolution’ in Retail
Zara, Uniqlo and American Eagle are among those leaning on the technology for abilities like self-checkout and better inventory tracking, while more companies join the ‘cult of RFID’ each year.
RFID’s ‘Quiet Revolution’ in Retail
Zara, Uniqlo and American Eagle are among those leaning on the technology for abilities like self-checkout and better inventory tracking, while more companies join the ‘cult of RFID’ each year.
Technology
Amazon Joins Generative AI Race, Targets Tech at Cloud Customers
Amazon Inc. is joining Microsoft Corp. and Google in the generative artificial intelligence race, announcing technology aimed at its cloud customers as well as a marketplace for AI tools from other companies.
Amazon Joins Generative AI Race, Targets Tech at Cloud Customers
Amazon Inc. is joining Microsoft Corp. and Google in the generative artificial intelligence race, announcing technology aimed at its cloud customers as well as a marketplace for AI tools from other companies.
Workplace & Talent
The Fashion Jobs Most Vulnerable to AI
The next phase of artificial intelligence promises to change – and potentially eliminate – many jobs that were unaffected by previous waves of automation.
The Fashion Jobs Most Vulnerable to AI
The next phase of artificial intelligence promises to change – and potentially eliminate – many jobs that were unaffected by previous waves of automation.
Retail
Case Study | The Complete Guide to Managing Markdowns
Offloading excess merchandise has never been more complex and critical for every brand and retailer, regardless of their size or category. BoF examines the best practices along every stage of the process, from planning to liquidation.
Case Study | The Complete Guide to Managing Markdowns
Offloading excess merchandise has never been more complex and critical for every brand and retailer, regardless of their size or category. BoF examines the best practices along every stage of the process, from planning to liquidation.
The News in Brief
Dior and A24 Announce Two-Year Collaboration
The partnership, which will kick off at the A24-owned, New York-based Cherry Lane Theatre, will comprise live events for film and theatre featuring established and emerging creative talent.
Princess Diana’s ‘Revenge Dress’ Comes to Auction at Sotheby’s
The black silk evening dress by Greek designer Christina Stambolian could fetch close to $300,000.
Macy’s Raises Annual Targets as Bloomingdale’s Drives Growth
The retailer's improved outlook reflects resilience among higher-income shoppers, despite broader economic uncertainty.
American Eagle Shares Slide on Margin Outlook, Weak Sales at Core Brands
Shares slumped over 11 percent in premarket trading Thursday, following a flat quarterly gross-margin forecast as persistent softness at the company's core brands outweighed a second-quarter revenue beat.
Primark to Start Home Delivery as Sales Fall Ahead of Split
The decision is a major about-face for the budget fashion chain as it tries to stem falling sales ahead of its split from Associated British Foods.
Nike Reassures Executives That Its Stock Is Still in the S&P 500
An internal memo reviewed by Bloomberg sought to clear up misunderstandings around the brand’s coming removal from the S&P 100.
Jonathan Cohen Joins J. Mendel as Resident Designer
The New York-based designer is tasked with reviving the 156-year-old luxury fashion house, which filed for Chapter 11 bankruptcy in 2018.