Bosse M.

Livestream shopping, once a novelty, has become a cornerstone of modern retail. Since its inception in 2016 by Alibaba during Single's Day, this interactive shopping experience has the potential to reshape the industry. With its immersive and efficient approach, livestream shopping offers a personalized and instant shopping experience akin to televised shopping networks. The livestream shopping market has seen exponential growth, reaching $38.87 billion in 2022. According to Custom Market Insights, this market is projected to soar by 28% annually until 2032. The numbers speak volumes about the influence and potential of this innovative retail format. Zara is set to expand its live shopping broadcasts to the UK, following a successful trial in China. This move by Zara signifies the growing importance and popularity of livestream shopping on a global scale. Learn more about Zara's live shopping expansion in the UK here: [Link to the article](https://lnkd.in/eHAPqVX8) #LivestreamShopping #RetailInnovation #Zara #UKRetail #ECommerceGrowth

26

8 Comments

Back in April Kingpins Quarterly interviewed the legendary Jerome Dohan. It brought back memories of when the denim industry had a mission to create, remember Heather Jerrehian ? Anyway, I was interested in a part of the interview where Andrew asks the following: JD: Women’s is worse than men’s because men’s didn’t enter the market like women’s did over the past 20 years. Men's were the first guys to make jeans and then women’s became popular. And after being popular, there were brands left and right that opened up, and jeans didn’t mean really anything anymore. It was about price point, and it was about picking a basic, and I didn’t even understand the market after. AO: Do you understand it right now? Because I don’t. JD: I don’t. I understand that people are not creative and because the people are not creative, they work with price points. AO: When you started your brands there were all these stores in Los Angeles like Kitson and Fred Segal. They’re all gone. Why do you think they’re gone, and what’s going to happen after that? JD: Stores like Kitson wanted to make more money [on] the product. And when you think about that…, you don’t think of a product anymore, and a lot of brands that were sold in those stores didn’t give the image of the store anymore. And business became tough, very tough, especially for department stores. Look at Barneys. Barneys was the first department store to close, and [I knew] this was going to be a big deal… Barneys was a store that was a landmark. People used to come to LA and where did they go? They’d go to these kinds of stores. The day it closed, I knew the market was going to change. Florian Schneider what are your thoughts on how the stores are looking in today's environment?

The Luxury Wardrobe Dilemma: To Buy or To Rent? Over the past year, a multitude of brands and retailers have ventured into occasionwear and eveningwear, unveiling stunning new collections and boutique experiences. Harrods, the epitome of luxury, joined this wave by opening a dedicated womenswear haven for occasionwear in response to a staggering 50% surge in eveningwear demand since 2021. This exclusive space boasts over 38 top-tier occasionwear brands, some making their Harrods debut. Moreover, the UK witnessed a remarkable 18% increase in newly introduced formal dresses & gowns in the last month alone compared to Q1 last year. Meanwhile, Rent The Runway, a trailblazer in the fashion rental arena, is making waves with its bet on occasionwear. Their new luxury occasionwear category, The Vault, features esteemed designers like Zac Posen, Oscar de la Renta, and Giambattista Valli, offering exclusive gowns at a fraction of their retail price. Picture this: a breathtaking Giambattista Valli gown originally priced at £3,000 can be rented for just £240—less than 10% of its retail value—opening the doors to luxury for a wider audience. So, when it comes to your next formal affair, will you opt for tradition by purchasing, or explore new horizons through renting? The choice is yours.

28

4 Comments

Navigating Recruitment Challenges in Fashion: Insights from a Recent Exchange and Understanding the Value of Quality Service Over Cost in Fashion Recruitment! Yesterday, I had an enlightening email exchange with the newly appointed leader of a prominent fashion brand struggling to find suitable candidates for key roles. I congratulated them on their new position and offered Karen Collier Careers' recruitment services. Their initial response focused on our fees and the clients we have worked with rather than our approach. I explained that we prefer to discuss fees after having a detailed conversation about the specific needs and requirements of the roles. This approach ensures we can deliver a tailored service that perfectly meets their expectations. Additionally, we uphold strict client confidentiality and do not disclose our clients' identities. They responded with a succinct request for our fee structure. While I understand the importance of budgeting, it is disheartening to see cost prioritised over quality service. Our fees are industry standard, and choosing an agency based on lower fees often means less time and effort are invested in finding the perfect candidate. Just as investing in a higher-priced garment ensures durability and long-term value, selecting the right recruitment partner ensures access to the best candidates and long-term success. Feel free to reach out if you have any questions about our services or if we can help you find the ideal candidate for your organisation. Email: karen@karencolliercareers.co.uk #agencyfees #fashionrecruitment #fashionrecruitmentuk #fashionrecruitmentlondon #fashionrecruitmentagency #fashionrecruitmentagencies #fashionindustry

15

2 Comments

Do you ever wish you could predict trends before they become popular? Gaining insight into the streetwear industry is the perfect way to make sure you’re on the cutting edge of fashion. Our Streetwear Market Analysis ebook is here to transform you from follower to leader in this fast-evolving market. Our guide covers: 🔸Strategies for crafting high-demand streetwear items that resonate with consumers 🔸Insights into the current streetwear market and emerging trends 🔸Common challenges faced by apparel brands (and how Scrappy Apparel helps solve them) 🔸The importance of selecting the right manufacturing and fulfillment partners 🔸The benefits of our Monster Screen Printing service, which allows you to print larger than life designs 🔸Insight into our 3PL MGMT program that is designed to streamline supply chain management …and much more! Download the free guide: https://lnkd.in/gEewGths

1

Everything you need to know from this week’s fashion retail news, in numbers, featuring Albaray, Marks and Spencer and New Look. Subscribe below to find out more. #subscribenow #retailnews #fashionnews #fashion

1

Superdry is preparing to become the next to leave a listed fashion retail sector that has shrunk drastically as companies go private or succumb to takeover by larger rivals. Drapers explores why flotations are out of favour and what the future is for publicly traded fashion companies. Subscribe to Drapers to read more. #floatations #superdry #listedcompany #publictrading #fashionretail #fashionnews

5

Some positivity has come out of Drapers’ third investigation into racism in fashion retail. The number of people reporting that initiatives to increase and support diversity in the workplace are having a positive impact has risen dramatically since our last survey in 2023, from 38.8% to 59.2%. Read more details here >> bit.ly/4bfaST5 #racism #discrimination #fashionretail #DrapersInvestigates #workplaceculture

5

Drapers, the voice of the fashion retail industry for more than 136 years, has canvassed individuals, businesses and industry bodies to find out what support the sector needs from the next government, and presented your views to the main political parties vying for your votes. Read the industry's view here. #fashion #fashionnews #retail #retailnews #generalelection #manifesto

2

Drapers, the voice of the fashion retail industry for more than 136 years, has canvassed individuals, businesses and industry bodies to find out what support the sector needs from the next government, and presented your views to the main political parties vying for your votes. Read the industry's view here. #fashion #fashionnews #retail #retailnews #generalelection #manifesto

1

🔍 The battle for Topshop's future heats up! 🛍️Will ASOS hang on to Topshop as Shein and ABG encroach? - TheIndustry.fashion As we see digital storefronts expand and e-commerce giants rise, there's a relentless buzz around Topshop, now under ASOS's wing. This iconic brand — once the jewel of high streets — is at the centre of a tug-of-war between heavyweights like Shein and ABG. 🥊 Back in 2021, ASOS made strides by snapping up Topshop for £330m, outbidding the likes of Shein. Now, with the retail landscape more competitive than ever, is it time to pass the baton? 🎽 These are shaky times for ASOS, with shares tumbling and losses widening. Yet Topshop remains a shining star in its portfolio — a beacon of style and relevancy. 🌟 With Shein's ascending UK presence, from Manchester hubs to Liverpool pop-ups, their renewed Topshop interest becomes even more intriguing. 🚀 Add to this, IPO whispers on London's finance stages, and we ask: Is this the strategic play that reshapes our retail game? 📈 Keep your eyes peeled as this retail chessboard evolves. For now, ASOS holds the piece everyone wants — but will they make a move or stand firm? Only time will tell. 🕰️ #ASOS #Topshop #RetailStrategy

2

What’s been happening in retail this week? ·      TALA entered its first physical retail partnership with Selfridges from 10 May across all four Selfridges locations. ·      JD Sports Fashion opened its first store in the Middle East at Bahrain’s Marassi Galleria Mall in collaboration with global retail partner GMG, spanning 5,422 sq ft. ·      Morrisons acquired 38 convenience stores from SandpiperCI on the Channel Islands, including shops already branded as Morrisons Daily. The stores, which reported a turnover of £124.5m last year, were part of a franchise agreement since 2018. The deal's terms were not disclosed, but approximately 520 SandpiperCI employees will transfer to Morrisons. ·      Asda launched LS Eleven Media Services in collaboration with SMG, utilising first-party customer data from Asda Rewards for enhanced retail media campaigns. ·      Frasers Group announced a partnership with developer AND Digital, innovation specialist Valtech and agency Lab Digital to overhaul its digital infrastructure across brands, enhance operational efficiencies and online experiences. The platform will feature hyper-personalisation and improved product discoverability. ·      Currys plc is partnering with Accenture and Microsoft to deliver its core cloud infrastructure and leverage the latest AI technologies. It aims to enhance operations, elevate the shopping experience and improve experiences for colleagues. ·      Amazon announced plans to build a £500m robotic warehouse in Northampton, projected to be fully operational by 2026. The facility, featuring three floors of robotics technology for stowing and picking customer orders, will initially create 1,400 jobs, ranging from engineers to HR, finance and IT staff. ·      Zalando confirmed its full-year guidance for 2024, expecting revenue and gross merchandise volume to rise between 0% and 5% YoY, with adjusted EBIT projected between €380m (£326m) and €450m (£386m). The retailer reported a first quarter adjusted EBIT of €28.3m (£24.3m) and a 1.3% increase in gross merchandise volume to €3.3bn (£2.8bn). Revenue reached €2.2bn (£1.9bn), down from €2.3bn (£2.0bn) in the previous year. ·      boohoo reported group sales declined 17% YoY to £1.4bn in the year to 29 February, driven by “difficult market conditions”. The fashion retailer's pre-tax losses widened to £159.9m in the period from £90.7m last year, with gross profit falling 16% to £756m. UK sales declined by 16% to £921m, impacted by the macroeconomic environment, price investments, and changes in the sales mix due to the expansion of the Debenhams marketplace. This is just a selection of news this week. Sign up below for more insight ⬇️ https://lnkd.in/d-z25aM

51