The future is omnisensory, claimed Ann Berry in a memorable interview in the January issue of style in progress. A hypothesis that is worth analysing in depth. Is the loss of the sensory encounter the fashion industry's fall from grace? Have we opted for convenience over experience? Under the moderation of Stephan Huber, Ann Berry and Anna Graf take us on a visionary yet realistic journey into the omnisensory future of retail, in which the boundaries between the physical and the virtual are becoming increasingly blurred. https://buff.ly/4eOUz1t
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"Six major trends that will shape what consumers will need and want in two years’ time and explains how you can align with them to create successful products and services. All six trends are underpinned by our STEPIC methodology, which analyses developments in Society, Technology, the Environment, Politics, Industry and Creativity." Big Ideas 2025: Fashion | WGSN https://lnkd.in/d4hzuHr6.
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Back in December of last year, the Mindera - UK team held their Retail Recap fashion event. In our London office, FashionTech Lead . Dan Knight . delivered an insightful talk on 2023 macroeconomic challenges as well as business guidance for 2024. In this article, we summarize Dan's talk, that starts by analyzing the retail and consumer goods sector at the end of last year and outlines a business strategy for 2024. Find it here: https://lnkd.in/dtfv4ctM #MinderaWorld #technology #softwareengineering #fashiontech #retailtech #businessgrowth #digitaltransformation
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Happy to see my colleague Jeff Lindquist sharing insights on the challenges facing the beauty industry with The Business of Fashion last week! As Jeff highlighted, inflation and evolving consumer expectations are reshaping the landscape, requiring brands to innovate thoughtfully. The "normalization" concept reflects a leveling off in growth as consumers hit their spending limits, even in resilient categories like beauty. To stay competitive, brands must focus on product and marketing innovation while remaining sensitive to evolving consumer expectations. Read the full article here: http://spr.ly/6043s26jL
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CXpose.tech Expert, Hamsa S. rounds up observations about workforce trends in the fashion industry due to technology and sees that business leaders can stay ahead of the disruption. For example, changing technology will not be enough; people, process, and policies have to be taken into account as well. #cxpose.tech #fashion #trends #disruption https://lnkd.in/gVqf5C3V
Future of Workforce in the Fashion Industry
https://cxpose.tech
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To coincide with the Drapers Future of Fashion conference taking place in London today, in the June issue of Drapers we interrogate the technology and innovation – from artificial intelligence to social selling and recycling developments – that are powering the industry. Subscribe to read the full issue here >> bit.ly/3Xvk2qI #magazine #digital #digitalmagazine #Drapers #technology #fashiontech #fashionnews #retailnews #fashionretail
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𝐖𝐡𝐲 𝐟𝐨𝐜𝐮𝐬𝐢𝐧𝐠 𝐨𝐧 𝐭𝐡𝐞 𝐛𝐨𝐭𝐭𝐨𝐦 𝐥𝐢𝐧𝐞 𝐦𝐚𝐲 𝐡𝐞𝐥𝐩 𝐫𝐞𝐢𝐧𝐯𝐞𝐧𝐭 𝐟𝐚𝐬𝐡𝐢𝐨𝐧? How can new economic models and customer propositions, centred around economic efficiency, product circulation and value-added services, help envision pathways towards more resilient and differentiated brands, that have stronger and more continuous relationships with customers? I explore preliminary answers to this question in my latest Substack, while sharing two new projects aimed a providing practical, rigorous, and quantitative answers to the question above: 1️⃣ 𝐀𝐧 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐬𝐭𝐮𝐝𝐲 𝐭𝐨 𝐩𝐨𝐰𝐞𝐫 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 in partnership between Swanstant, the Institut Français de la Mode and PARIS GOOD FASHION, combining academic rigour with business acumen to explore the economic case for decoupling. 2️⃣ 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐰𝐨𝐫𝐤𝐬𝐡𝐨𝐩𝐬, to support companies looking to explore those opportunities bridge the gap between the research and concrete, short-term opportunities, developed with John Atcheson. Please do reach out if you want to find out more or contribute to the above! Isabelle Lefort Andree-Anne Lemieux
Why focusing on the bottom line may help reinvent fashion
francoissouchet.substack.com
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In the newly launched Commercialising Creativity Report 2.0, we, the BFC, alongside London Business School (LBS) have explored the evolving barriers to commercial success, how the levers to overcome them have shifted and how these insights can be leveraged to support the fashion industry going forward. The report showcases the economic impact of the fashion industry and highlights the opportunity and need for the government to reset priorities for fashion policy based on the challenges the sector faces. Recommendations align with the “Growing Fashion’s Future – 5 Priorities” which we set out earlier in the year. Explore the recommendations for key industry stakeholders in the full report, available to download via https://lnkd.in/extWDRVV
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Hello to all fashion retail business professionals and who interested in the industry. Welcome to Global Fashion Retail channel, where we cover all local and global developments in fashion retail, apparel, and textiles. I always strive to present my content under four main categories: ✅ Domestic Apparel and Textile Market ✅ Global Supply Chain ✅ Global Fashion Retail ✅ Sustainability In my latest video, I focused on Global Fashion Retail to discuss the current state and growth targets of major brands, changes in consumer habits, and the impact of technology on these areas. For a content-packed session, don’t forget to check out the full video! 🎥 Fashion Retail Giants' 2024 Performance, Consumer Habits and the Impact of AI 👉🔗 https://lnkd.in/dViNbRe9
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Hear from Saks’ Global Operating Group CEO Marc Metrick about their mission to help consumers express their identity through inspiring fashion and luxury, and how technology is driving innovation and business model reinvention. Explore how the company is evolving to meet a more diverse consumer base, and how they’re collaborating with PwC on a bold strategic roadmap for the future. Watch the full video to explore how technology and people are powering their next wave of growth. Bit.ly/3OMCrtd
Business model reinvention at Saks Fifth Avenue
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🌍 The State of Fashion 2025: Challenges and Opportunities Ahead The State of Fashion 2025 report by McKinsey & BoF paints a vivid picture of our industry's road ahead: 📉 Economic Uncertainty: 80% of fashion leaders anticipate stagnant growth due to inflation, global slowdowns, and cautious consumer spending. 💰 Value-Driven Consumers: Price sensitivity is reshaping demand, pushing brands to rethink pricing and strategy. ♻️ Sustainability Challenges: While critical, sustainability goals are deprioritized in favor of short-term profitability, posing risks to long-term growth. 📦 High Return Rates: These continue to strain inventory and profitability, highlighting a need for innovative solutions. In this evolving landscape, adopting technology and innovation is becoming increasingly essential. At Weon, we're stepping up to the challenge by addressing one of fashion’s biggest pain points—returns. Adapting to change is more crucial than ever. With strategic pivots in technology, supply chains, and a focus on older demographics, brands can thrive even amid uncertainty. Explore how weon.ai can help redefine your approach to these challenges. Let’s shape the future of fashion together! 🔗 Read more about the report here: https://lnkd.in/eDqkkDtz #WeonAI #AI #FashionIndustry #AI #Sustainability #Innovation #TechForGood #FashionInnovation #GreenFashion #SustainableFashion
The State of Fashion 2025: Challenges at Every Turn
businessoffashion.com
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