Zalando is piloting a ChatGPT-powered virtual fashion assistant designed to help customers navigate its product range using their own words or fashion terms. Coca-Cola is using ChatGPT and Dall-E 3 to create personalized ad copy, images, and targeted messaging, as well as exploring how generative AI (genAI) can improve its business operations and capabilities.
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| Dec 11, 2023
Business of Fashion. McKinsey & Company. Saks Fifth Avenue. WWD.
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| Oct 9, 2023
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| Nov 21, 2024
Source: National Retail Federation (NRF); Prosper Insights & Analytics
ĢAV 40% of US imports are subject to tariffs, including 70% of Chinese textile and apparel shipments. The White House also proposed requiring specific, additional data for de minimis shipments, including the 10-digit tariff classification number and the person claiming the de minimis exemption. Why is this happening?
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| Sep 13, 2024
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| Nov 22, 2024
Source: MGH; SurveyMonkey
ThredUp rolled out AI-powered image-based search, making it easier to look for secondhand clothing and accessories. To get users thinking, various prompts like “red sweater” or “slouchy brown purse” rotate through the search bar.
Article
| Aug 30, 2024
To capitalize on that momentum, Abercrombie launched the Hollister Collegiate Graphic Shop, a collection of vintage-inspired apparel with logos and graphics from over 30 universities across the US. “We're investing in incremental marketing to increase engagement and reintroduce Hollister brands to our target audience,” said CEO Fran Horowitz in an earnings call.
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| Aug 29, 2024
Like there are some that are going to be reined in, and obviously there are a number of different things that are weighing against the prospects of Amazon not being curtailed in some fashion. In part, not necessarily thinking that the Trump administration is going to be the most pro-Amazon, even if it is very pro-business. Marcus Johnson (11:54):. Yeah. Yep. Rachel Wolff (11:55):.
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| Nov 18, 2024
Categories with the highest mobile penetration include personal care (77%), groceries (68.2%), and apparel (60.8%), which Adobe Digital Insights lead analyst Vivek Pandya attributed to the fact that “consumers have embraced mobile shopping for purchases that are more frequent and lower in price.”.
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| Sep 4, 2024
Adidas can’t keep up with demand: The company’s hot streak contrasts sharply with Nike’s challenges.
Article
| Oct 16, 2024
Apparel will overperform, while consumer electronics will struggle. Everyday categories will capture more holiday spending as high-ticket purchases suffer. US consumers don’t lack disposable income, and they’re generally in good economic shape heading into the holidays.
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| Oct 17, 2023
Bean as a place I can go when my shoes are worn through, that might repair the soles for me. And then I also associate them with being a more sustainable brand for that same reason, which I think is also part of it. Suzy Davidkhanian (05:46):.
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| Oct 23, 2024
Total retail sales include the sale of clothing and accessories for men, women, and children, household goods, furniture, cosmetics, and other consumer products made via liverpool.com.mx, suburbia.com.mx, and over the telephone.
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| Nov 1, 2023
Beginning in September, the retailer will stock the eponymous line from veteran beauty product developer Sarah Creal, formerly the CEO and co-founder of Victoria Beckham Beauty, per The Business of Fashion. The brand is aimed at consumers over the age of 40, and is the first Gen X-specific line to be found at Sephora.
Article
| Aug 27, 2024
Retail includes mail order/catalog, restaurants/fast food, drug stores, retail stores, cosmetics stores, and merchants of apparel, home furnishings/textiles, toys, pet food/supplies, appliances, jewelry, and general merchandise. Apparel and accessories includes clothing such as sportswear and workwear, luggage, watches and jewelry, handbags, eyewear, and footwear.
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| Sep 7, 2023
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| Nov 15, 2024
Source: US Census Bureau
Before the pandemic, categories like consumer electronics and apparel dominated ecommerce in terms of share. But those categories have reached digital shopping maturity and are now growing more slowly and losing ground. Food and beverage, by contrast, is still in a transformational high-growth era and will continue to steal share from the larger categories. To view the full forecast, click here.
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| Jan 11, 2024
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| Nov 14, 2024
Source: Boston Consulting Group (BCG)
Target Circle Week, which took place July 7 to 13, offered members of its free loyalty program deals across toys, apparel, beauty, food and beverage, and other categories. The event also offered Target Circle 360 membership for half the usual price. Walmart and Best Buy hosted additional sales days in July that did not require membership to shop.
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| Sep 5, 2024
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| Nov 11, 2024
Source: The Harris Poll
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| Jun 17, 2024
Source: BigCommerce; Drapers
Fashion deals backed by celebrity influencers will also get top Prime Day billing. Amazon has strengthened its presence in apparel—but more so for commodity apparel than for fashion. Amazon’s recent experiments with Amazon Style physical stores suggest that, as the category gains strategic importance, elevating fashion deals on Prime Day will be key to evolving the company’s positioning.
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| Jun 20, 2023
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| Nov 6, 2024
Source: YouGov
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| Nov 7, 2024
Source: M Booth
On resale platform StockX, Nike’s Jordan 4 Retro SE Paris Olympics Wet Cement shoes were the highest-selling Olympic product on the site. Zooming out: Nike made a big splash with its Olympics campaign, but it’s unclear whether the company will secure the gold in 2024. Many of the company’s latest product innovations won’t hit the shelves until next year.
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| Aug 13, 2024