Showing posts with label Fashion. Show all posts
Showing posts with label Fashion. Show all posts

Tuesday, December 25, 2012

Spending speedily


Spending speedily

By ELAINE DONG 
star2@thestar.com.my


from: http://thestar.com.my/lifestyle/story.asp?file=/2012/11/29/lifeliving/12242404&sec=lifeliving

Going fast: Young shoppers and store employees battle around a clothes rack in a H&M store for the launch of Maison Martin Margiela’s special collection in Tokyo, Japan, on Nov 15.Going fast: Young shoppers and store employees battle around a clothes rack in a H&M store for the launch of Maison Martin Margiela’s special collection in Tokyo, Japan, on Nov 15.
Clothes are cheap these days, but do they come with a high price?
A NEW high-street label recently arrived on our shores and fashionistas in the Klang Valley literally went to town with it. Shoppers were lining up at the store’s opening, as well as during the launch of one of its famed designer collaborations. Even though the frenzy of its opening has died down, the two stores are still perpetually full. The brand comes at an apt time, and into the right market segment, offering affordable and trendy clothes when other European high-street brands’ prices are simply too high for our ringgit.
The question is: Is it a good thing that clothes are getting cheaper that they’re practically disposable? Fashion retailers thrive on fast fashion. It is the only way to get stock moving season after season.
Globalisation has given fashion companies access to cheap labour in Third World countries, enabling them to produce clothes at an alarmingly frequent rate. The worlds of information have also allowed them to quickly see what is on the runways and disseminate that information to their designers and manufacturers for production.
In a study called The Present And Future Sustainability Of Clothing And Textiles In The United Kingdom done by the Institute for Manufacturing (IFM) at the University of Cambridge, Britain, in 2006, it showed that people were buying a third more clothes than they were in 2002. It also said that in 2000, people around the world spent US$1tril buying clothes.
There aren’t more recent studies done by the university, but if we extrapolate and estimate the multiplying effect of that study, we can expect that figure to have increased exponentially in the last 10 years.
Considering how fashion brands have been mushrooming in that period, with existing brands expanding worldwide, especially to Asia, and the widespread phenomenon of blogshops and online shopping, there are now even more ways for consumers to spend money!
Zoe Liew, 34, fashion and beauty editor of Female Malaysia, thinks fast fashion is a double-edged sword. “The good thing is, consumers are getting what they want and fashion is becoming more affordable for everyone. The bad thing is, very few people appreciate quality and workmanship anymore,” she says.
“It has definitely caused more competition among the brands and retailers. These fast and cheap brands are getting more creative with their collections, releasing more collaborative projects with celebrities and fashion designers, attracting a larger market, whether it’s the general public or fashion set. As for the consumers, they are on-trend, demanding pieces that look like they just came off the runways. Consumers these days are impulsive buyers and they are aware of what the current trends are or what’s in the coming season. They want them now and they want them cheap,” she adds.
Liew sticks to basics, which are white shirts, jeans and tailored pants. Because of her job, she keeps track of the trends closely, but she doesn’t necessarily wear them. “I’m more comfortable wearing what I like because what’s in trend may not be ‘me’. However, I do pick up trends, but only the ones that I like and go with my style,” she explains.
Preeta Sharenia, 24, works in marketing and brand management. She thinks it’s great that the masses can have affordable, fast fashion items that are easily attainable. She notices that these days, the younger generation and mid-level executives are able to dress in the latest fashion trends. She also thinks designers now have to be more creative and flexible with design and production.
“Traditional fashion consumers tend to lean on details, and there is more appreciation for craft, quality and technique. There is the area of couture products, but few can afford them or they don’t fit in with their lifestyle. So fast fashion is a welcome change,” she says.
While Preeta shops quite regularly for trendy items, especially if they are at bargain prices, she has her eye on accessories. “My fashion staples have always been accessories; I would match them with anything and everything! I also have some clothing staples – my coloured cardigans, skinny black slacks, the crisp white shirt, perfect pair of leggings and gorgeous black, maroon, navy blue and beige high-waisted skirts,” she adds.
Izrin Ismail, 29, managing director of homegrown fashion brand Innai, says that with fast fashion, people seem to have lost their sense of individuality. “Everyone simply looks the same. Unfortunately for us, this is where the market lies. People preach about how they value their individuality and want to stick out, but in reality, we just want to fit in and be accepted. This is what fashion does to most of us. To be original is to look ordinary for most fast fashion fans.”
But she understands the appeal of being able to get something trendy right here, right now. “Many people say that fashion trends are just fads and we do know it’ll have a very short life span in our closets. Yet we long for the ‘it’ piece of the season, for example, an ultra modern Peter Pilloto digital print dress, which could be a whole month’s salary to some. Therefore, the next best thing to succumb this ‘crave’ is to get it at a cut-off price, similar but not quite, in other high-street stores. And you don’t have to break the bank,” she says.
“Bigger retailers like H&M have been following an accelerated fashion cycle, which sadly beats many local retailers. Now high-street fashion trends are also instantly accessible online at more reasonable price tags,” adds Izrin.
She is aware that quality comes at a price. Consumers are so mindful of the price that they undervalue the quality of the product. “In my case, I balance a bit of both, quantity and quality. I do a little QC (quality control) check for every purchase. If the garment is poorly assembled or uses material that is unrefined, but the price is reasonable, I’d still give it a miss,” she says.
“We must not become consumers who buy clothes to dispose, which is a common scenario in fast fashion. Our consumption for clothing has become almost like a disorder, with our closets brimming with clothes we don’t need. We really need to be smart with our purchases and balance fads with pieces that would give us more longevity,” she continues.
As high-street brands make their continuous entry into our market, local players are also picking up on this shopping trend. In Malaysia, it seems a blogshop is opening every week. The shop owners often source for stock in Kuala Lumpur itself, at the wholesale centres peppered around town. Some go further afield to Indonesia, Thailand, Vietnam and even China to source for clothes.
At these stores (online, brick and mortar), you can get runway-inspired outfits at a fraction of high-end designers’ prices. Fancy the latest brocade/space/ peplum fall looks? Look no further than your local high-street retail shop or the hundreds of blogshops hawking the items a week after the runway shows.
While many are happy to be so on-trend, they soon find out that there’s a reason it’s called fast or disposable fashion. Often consumers are left with no choice but to discard the outfits after a couple of wears, simply because they are coming apart in the wash! No matter; just go out and get a replacement!
Miku Chin, 24, found herself faced with such a predicament. Like any young executive, she was out at the malls every weekend, and would come back with purchases every time. She also regularly shops online.
“I kept getting substandard stuff. Some of these blogshops show pictures that are different from the actual goods, so it’s hard to gauge sometimes,” she says.
Together with her boyfriend, Kenn Lum, 26, she decided to join the ranks of online retailers, and started Owlch! That Hoots! (owlch.blogspot.com) to sell the latest trends. She also ensures that the pieces she sells are well-made.
“Our prices are between RM49 to RM90,” says Lum, who handles the marketing while Chin does the buying. “Quality is very important to us. As consumers, we know what it’s like to feel cheated when we get badly made items, so our policy is to provide value to our customers. We’re happy when they’re happy.”
As the economy tries to find its footing, and the Malaysian ringgit fights against the stronger currencies in the world, it’s inevitable that local shoppers look to the more affordable and low-end stores to indulge in some retail therapy. Often, consumers do not see beyond the sloppily sewn beads on their blouse; or the off-centre zipper of their peplum skirt; or the exploitation of low-wage workers in factories in China; or even the counterfeit copies floating around.
“It’s all about quantity and urgency and not quality, and cheap and unfair labour is definitely happening, more widely than it used to be because of the high demand for fast fashion,” Liew concludes.
Ultimately, the purchasing power – and the decision – lies in the hand of the consumer.

Sunday, July 1, 2012

Fashion Schools Embrace Social Media and E-commerce Training

Social media is now becoming a necessary part of professional training in the fashion industry.  Blogshopping stands in contrast to this, in that training is done hands-on and via trial and error in the course of running the business.

http://www.apparelnews.net/features/columns/062812-Fashion-Schools-Embrace-Social-Media-and-E-commerce-Training


Fashion Schools Embrace Social Media and E-commerce Training

by Deidre Crawford, Technology Editor June 29, 2012
Social media is a core part of any good marketing department, and recent college graduates looking for a job in marketing are expected to be knowledgeable about trends in digital media and e-commerce.
But it isn’t as easy as it looks, so training is important, said Los Angeles–based style blogger Kelsi Smith.
This summer, Smith is launching a new social-media marketing course at the Fashion Institute of Design & Merchandising in Los Angeles.
“I can’t tell you how many old-school marketers I come across in my day job that still don’t know what they’re doing with social media, so it’s good to have a new generation of graduates ready to go. That said, a well-rounded marketing background is most important. Social media only complements the traditional marketing avenues.”
Smith’s social-media marketing course will not focus on how to “share your style” or beauty tips, Smith said.
“This is a professional marketing program teaching students to use social media—be that blogs, Twitter, Facebook, Google+, YouTube—as social-marketing tools,” she explained.
More than tweeting
FIDM is not the only fashion school enhancing its social-media curriculum.
When designer Christa Halby was looking to expand the online presence of her brand ChristaLouise, she turned to fashion student Faye Asido for help.
Asido is studying social media and e-commerce as part of her advertising and marketing communications degree at New York’s Fashion Institute of Technology. The courses are much more sophisticated than simply tweeting and blogging, and the skills she’s learning are not something she could learn on her own, she said.
“I don’t think students can learn on their own how to strategize a way to get the attention that’s needed. A lot of planning, editing and creativity is involved in social media and e-commerce because with so much competition you have to find a way to be different and stand out from the rest,” Asido explained. “You need to be very good at research and who is your appropriate target market. Not everyone will be interested in your product, so you have to find out how to target those who you think will benefit from what you are trying to sell. Otherwise, social media is pointless and your message will be difficult to come across.”
It was not long ago that leading fashion schools were where aspiring designers went to learn how to draw and design. Now, students are learning how to effectively position a brand online and manage a Facebook campaign, which are equally crucial skills, according to Gretchen Harnick, an assistant professor of fashion marketing at Parsons Fashion School at The New School for Design in New York.

Sunday, June 17, 2012

Fashion Adds Fuel to eCommerce



From: http://www.emarketer.com/Article.aspx?R=1008919

Fashion Adds Fuel to Fast-Growing Retail Ecommerce Sales

MARCH 22, 2012

2011 brought bigger-than-expected growth to a maturing market

Online buying in 2012 has expanded far beyond early-adopter favorites like books, music and video. While sales of such ecommerce staples continue to grow, the apparel and accessories category—a product type for which shoppers’ desire to touch, feel and try on items before making a purchase was long seen as a deterrent to online sales—is now climbing faster than any other ecommerce product segment.
eMarketer expects US retail ecommerce sales to reach $224.2 billion this year, up 15% from 2011, as online sales continue to record strong growth despite a slowing penetration rate for US online shoppers and buyers that in 2011 topped 80%. (Note: These figures exclude travel and ticket purchases, but include sales made on mobile devices and tablets.)

US Retail Ecommerce Sales, 2010-2016 (billions and % change)

The apparel and accessories category will lead ecommerce sales growth throughout the forecast period, with sales gains of 20% predicted for this year. By 2016 the category will tally $73 billion worth of online purchases, eMarketer estimates, accounting for just over 20% of all US online retail ecommerce sales.
The category’s sales gains are attributed primarily to retailers’ improved methods for displaying products online, as well as policies that make online purchasing of apparel, in particular, less of a guessing game.
“Online merchandising and visualization have come a long way,” said eMarketer principal analyst Jeffrey Grau. “Retailers continue to increase the scale of their ecommerce operations, particularly by investing in online sales platforms that display products and convert shoppers more effectively; apparel sales have benefitted more than any other category. Apparel has become an online success due largely to easy and free returns, innovative visualization tools and the presence of customer reviews.”

US Apparel and Accessories Retail Ecommerce Sales, 2010-2016 (billions, % change and % of total retail ecommerce sales*)

Even with apparel and accessories’ growth, however, computers and consumer electronics remains the largest single category of online spending. The tech-focused product segment will grab a nearly 22% share of ecommerce sales this year and continue to grow as a percentage of the annual total through 2016. On the other end of the spectrum, online food and beverage sales will grow 17% in 2012, but remain the smallest US ecommerce category with expected sales of just $5.09 billion in 2012.

US Retail Ecommerce Sales Share, by Product Category, 2010-2016 (% of total)

eMarketer forms its US retail ecommerce forecast through a meta-analysis of research estimates from firms that track ecommerce sales, data from its benchmark source, and reported revenues from major online retailers. eMarketer also conducts interviews with industry executives who provide perspective on the ecommerce sales trends. eMarketer benchmarks its retail ecommerce sales figures against US Department of Commerce data, for which the last full year measured was 2011. This is the first year eMarketer has also broken out online sales by product category.

The importance of Pinterest as a traffic buider for e-commerce sites is discussed here.

A few things that jump out about the nature of Pinterest as a social commerce site are:

Curation- Social  shopping/social commerce sites like Pinterest act as social custodians for fashion.  In the same way, blogshop owners also act as fashion custodians as they assemble stocks for sale that is based on their personal tastes and expertise in the field.  It refers to their role in SELECTING a collection that is aligned with customer tastes.  So blogshop owners replace retail buyers, eg the big fashion retailers like MNG.  Unlike commodified/predictable goods like books and music/CDs, fashion is a subjective which allows curators like BS a social curation role. So social commerce sites like Pinterest and BS are replacing traditional retail as curators, according to this article.

Browsing and shopping- Browsing online = window shopping which combines with purchasing to form SHOPPING.  Browsing is a social activity, and thus the social shopping aspects of it are highlighted, eg discovery, sharing, recommending, etc.

Click-out or purchase in- this is the dilemma facing social commerce, just as we see it happening with Facebook stores. 



From: http://techcrunch.com/2012/06/16/social-commerce-pinterest-and-the-future-of-fashion-retail/

Social Commerce, Pinterest And The Future Of Fashion Retail

posted yesterday
Screen Shot 2012-06-15 at 10.37.22 PM
Editor’s note: Leo Chen is a former product manager at Amazon and is currently the co-founder of Monogram, an iPad fashion discovery and shopping app funded by 500 Startups. You can find Leo on Twitter @leoalmighty.
Death of brick-and-mortar retail
Andrew Chen recently recommended a video to me, which inspired this post. It’s a keynote by Ron Johnson, the CEO of JC Penney and the man behind Apple’s retail revolution. In the video, Johnson spoke about the history of the department store and why JC Penney has fallen behind.
It wasn’t very long ago that stores like JC Penney, Nordstrom, and Gap were the pinnacles of fashion retail. These retailers provided better products at unbeatable prices. Retail buyers acted as personal curators for customers and the in-store experience was exceptional.
Then came e-commerce. Predictable products like books, CDs, and electronics drove the first wave of e-commerce for e-tailers like Amazon. But fashion lagged behind. Consumers want a tactile, in-person experience when it comes to garments. They need to touch and try it on. Even as e-tailers offered lower prices, consumers preferred to shop in stores.
That all began to change when Zappos came along with free shipping and returns; customers are encouraged to order multiple sizes and colors, try on the items in the comfort of our homes and return what we don’t want. For free. Coupled with better product visualizations (large images, multi-angle views – see Warby Parker and MyHabit), consumers are increasingly turning to the web for their fashion needs.
‘Apparel and accessories’ is projected to be the leading category in e-commerce in the US over the next 5 years.
But soon, online retailers will also become less relevant
The bar for e-commerce is rising every day: great visuals and free shipping are fast becoming commoditized. If product, price and service are the same, consumers will grow indifferent towards the seller.
Retailers still drive marketing, supply chain and distribution for designers and brands, but how long before brands figure this out themselves? Social curation and discovery tools like Pinterest and Fancy are leveling the playing field for retail marketing; Amazon is disrupting supply chain and fulfillment (more on this next).
So why are we still shopping at a handful of our so-called “favorite stores”? Because the internet has a noise and discovery problem. I believe that’s where the next wave of fashion tech innovation will take us.
Pinterest
Pinterest has found an optimal balance between aspirational browsing and shopping. Social shopping is more about discovery, conversations and relationship building, something that’s apparent in the way Pinterest users interact.
As Pinterest evolves, they will focus more on monetization and driving direct commerce. They have already experimented with affiliate links and the Rakuten investment is a strong hint at direct commerce. Here’s what I predict Pinterest might do next (purely speculative, of course):
  • Branded pages for brands, stores and boutiques
    • There’s already evidence that Pinterest users spend more money than Facebook users.
    • Pinterest could compete directly with Facebook pages by offering brands a better way to showcase products with access to a higher quality audience.
  • Integrated/Universal checkout
    • If users are already discovering products through Pinterest but going off to merchant sites to transact, Pinterest should own that transaction and offer a consistent user experience.
    • For smaller retailers and boutiques, Pinterest could integrate, acquire or build their own version of Shopify and let merchants sell directly on the Pinterest platform.
    • For large retailers and brands, Pinterest will have to form partnerships and integrate with retailer payment systems: essentially selling products on Pinterest, and having the retailer drop ship inventory. Retailers may resist this initially because Pinterest will effectively render the merchant less relevant.
    • Brands will be more inclined to work with Pinterest because they see it as an effective distribution channel. Brands can ultimately skip the retailer if they can get distribution through Pinterest. Fulfillment by Amazon (FBA) solves the logistics challenges — brands can simply ship inventory to an Amazon warehouse and have Amazon handle fulfillment. Consumers get the added benefit of Amazon Prime.
  • Create an e-commerce channel
    • To mitigate the risk of disrupting (and irritating) current user, Pinterest will likely create a separate shopping channel if they decide to focus on commerce (e.g.shop.pinterest.com).
    • This shopping channel will be product and commerce focused. You won’t find the cute puppies and fortune cookie quotes here, but you can bet Pinterest will leverage all your data for targeting.
Challenges Pinterest will face
As Pinterest scales, the biggest challenge will be surfacing signal buried in noise. It’s the Facebook Newsfeed problem, but much more difficult because of its focus on fashion and other tastemaker products.
  • Facebook is about people, so to make my newsfeed relevant it has to factor in the quality of my relationships. Who am I closer friends with, who is my family, which fan pages do I interact with most, etc. This is easy because we give Facebook that information every time we look at a friend’s photos, like a status update or comment on a post. Facebook doesn’t care what content we interacted with; it only needs to know who produced that content.
  • Fashion and other tastemaker products (e.g. home decor) are highly subjective, which means that I don’t necessarily like the same clothes or sofas as my closest friends. If I like a picture of a cute puppy my friend pinned, doesn’t mean I share his taste in fashion. Aside from existing Pinterest categories, they will have to find ways to add deeper tags on the products pinned (e.g. brand, color, style, season, fabric, patterns, etc…) to accurately target.
What’s next in fashion tech?
To date, most fashion tech companies are more commerce than tech. If you look at Gilt and Fab, they’re primarily commerce companies built on fairly standard e-commerce backends with some slight twists. It’s hard to drive disruptive innovation when your KPI is revenue.
In order to fundamentally change the way people shop, we will need teams with fashion experts, product visionaries, deep technical horsepower and growth hackers. It’s a hard combination to find, especially when most hackers in the valley shlep around in jeans and t-shirts — they’re not their own target user.
What will online fashion shopping be like in the future? I believe today’s multi-browser-tab search and filter behavior will feel as ancient as printed maps and yellow pages are today.
When I have a specific purchase in mind:
  • I picture myself telling Siri that I’m looking for some sneakers as I’m driving home from work.
  • When I get home, sink into my couch with my iPad or turn on my Apple TV, I’m shown pages of sneakers specifically curated for me, in my size.
  • I choose a few that I like, tap buy, and the shoes show up the next morning on my doorstep.
When I’m in the mood to browse:
  • I’m shown the latest collections and recommendations from my favorite designers, fashion bloggers and influencers (without having to search and filter on multiple websites).
  • Upcoming designers are recommended to me based on my style and preferences. Some of these recommendations are computer generated, some are handpicked by designers or personal stylists.
  • I won’t just be browsing product photos as I do on nordstrom.com today, it will be an interactive experience with inspiring looks, runway videos and beautiful images. Like Tom Cruise’s command center in Minority Report, except I am surrounded by Prada, Varvatos & Converse.
  • I can’t tell the difference between product and advertisement because everything can be purchased with a tap or a drag.
  • If I order by 11am, products will be at my doorstep by 6pm same day (Amazon already does this in China).
Welcome to the future.

  • Mike MacMillan
    Just a simple question.. Why does the next great retail tech have to be online? Especially given bricks and mortar still account for 90ish percent of retail sales still! Who's to say one or more of the players in the world's largest private industry "retail" won't defend the store as the place to shop? After all the tech in the store for apparel at least is moving just as fast if not almost as fast as online concepts. Just go to one of the retail tech shows and there is some pretty cool tech lining up to defend the product on a real shelf or hanger. Apple has a greater return per sq foot than Tiffany and if we are being honest for a tech company they do real world retail experience the way it should be - and with people no less.

    • Jason Smith ·
      True. I think perhaps that as people flock to sell their wares online to avoid the expense and risk of a physical retail store, the people that are left doing retail well will become more valuable. And if you can offer both, and you present customers with the credibility and accountability of retail with the convenience of online you are in for a win.

  • Ted Rheingold · · Top Commenter · VP Social at SAY Media
    Nice work with Monogram. I'm a 500 Mentor and I look forward to talking.

    I thought I'd add the your history omits catalogs, which were pretty much ecommerce for a century and boutiques which are just as popular now as they were 30 years ago.

    I see the same future you do on commerce. One of the many technologies needed along with universal shopping cart and voice interface is 3D sizing. (imo 2D sizing will never be good enough). Most women really want to know how an item will fit over their unique physiques. So stew shopping will have an advantage until then. Forany others shopping is a way to relax or spend time w friends. For others it's a way to know they're buying the current style or getting outfits that match.

    I agree many catalog/ecommerce people will adopt more complete and easier online buying experiences, but those who shop in person will be harder to get.

    • Christine Lu · · Top Commenter · 336 subscribers
      ...the hard part about 3D sizing isn't technical. It's emotional and psychological. It's such a buzz kill to have a 3D version of me trying on clothes because it's like holding up a mirror to me and reminding me that i don't look at all like the size 0 models. Too much truth up front during the purchase decision can suck. :)

    • Eric Hth · · Paris, France
      Chrisine: i agree! women have to feel the clothes... not only look at it (3d or 2d don't matter that much) but touch it and try it so the cloth can be kind of a part of themselves!
    • irwinsybil15655843 (signed in using yahoo)
      my roomate's ex-wife makes $79/hr on the laptop. She has been out of a job for 9 months but last month her pay was $8641 just working on the laptop for a few hours. Go to this web site CashLazy.*com
      remove the *

  • Kevin Leong · Berkeley, California
    Why "death of brick-and-mortar retail"? Social commerce and/or Pinterest-style presentation is making online shopping more interesting. I see Fab, One King Lane (and perhaps Monogram too) are taking business away from traditional e-commerce websites, such as jcpenny.com, target.com, walmart.com and amazon.com. I think the opportunity is providing local businesses and brick-and-mortal retailers a platform to run flash sales online - in Pinterest-style presentation.

    • Leo Chen · · Co-Founder/CEO at Monogram
      Death is an exaggeration, 90% of retail still happens offline. I'm just making the point that brick-n-mortar will become less relevant and eventually the economics will have to change to support their infrastructure costs. Everything is cheaper online so brick-n-mortar will become more like showrooms. If we can feel the product in stores, then buy online, physical stores will become too expensive to operate (unless brands subsidize these "showrooms"). Amazon's price check app is just a teaser for what's to come: http://www.forbes.com/sites/erikkain/2011/12/14/amazon-price-check-may-be-evil-but-its-the-future/

  • Nikita Tovstoles · Co-Founder & CTO at Ecorebates Inc
    I am really surprised by the last two bullets under "Integrated/Universal checkout" - essentially "Pinterest interfaces with consumer, large retail just drop-ships". Especially since you're an ex-Amazon PM. Can you really see Amazon signing up for this scenario - being a drop-shipper and giving up customer relationship to Pinterest? That's exactly the sort of relationship that most manufacturers have with retailers today. And not a happy one...

    • Leo Chen · · Co-Founder/CEO at Monogram
      In this scenario, Pinterest will need a payment system to complete the cycle. What better way to collect payment than integrating with Amazon Checkout, especially if many retailers are already letting Amazon handle their fulfillment? If Pinterest can drive significant transactions, I wouldn't rule out an acquisition by Amazon either.

    • Eric Hth · · Paris, France
      Leo: i totally agree with you a integrated payment system could significantly improve conversion since it would bring trust to every purchase (thanks to pinterest very strong brand image ) and that would offer amazing amazon's one click frictionless shopping

    • Bazaart
      Thanks for an insightful post Leo - I found it accurate and on the spot.
      Amazon or Apple - those are my two bets for Pinterest acquisition.
      So excited to read your description of the ideal fashion-tech start-up team! at Bazaart (www.bazaart.co), we are all that plus a community manager extraordinaire...

  • Cindy Smith Engstrom · Works at Sircle Samples
    This completely misses how the millennial shops = need more social in here. The mall will always exist but more like the vision Macy's has recently painted: smaller spots with 1 size of each so that the tactile needs and social needs are still met while driving down operating costs for retailers (product shipped after try on).

    • Christopher Ciabarra · · San Francisco, California
      I agree the future of shopping will be exactly this little shops where you try stuff on and everything ships to your home! There will always be brick and Mortar shops until virtualization is reality but that is years away.

  • Andy Lenney
    Great article. Also check out www.Fashionoko.com, a new p2p social fashion marketplace (live but not launched) which uses social networks to personalise the shopping experience and incorporates many the elements you refer to in your article as "the future". E.g. It uses Pinterest, which offers a fantastic platform to showcase listings and is perfect for all things fashion.
  • bnkausik (signed in using yahoo)
    Price and product will never be the same across retailers as you claim. High volume drives low pricing and small retailers cannot get the same prices as the largest ones. Furthermore, smaller retailers suffer higher marketing costs as a percentage of sales.

  • Laurie Sukis Borland · Writer at Technorati
    Calling all fashion buyers who want to get knee deep in tech and start building the next fashion e-platform...I've got a great new idea for a start up.

  • Nicholas Marx
    I disagree with a portion of the article, and have an alternative vision for the future of fashion retail. I think the future of fashion retail will be dominated by customization and bespoke items made by independent craftsmen. As they did a time ago, tailors, cobblers, and jewelers, will once again be the kings (and queens) of fashion manufacturing and retail. But this time with a modern twist!

    Collaboration between maker & wearer will be ubiquitous and even the standard. You''ll be able to tap into the minds of the actual makers from all over the world about how all the different materials and styles can be configured to best fit your own body and personality right from your own computer or mobile device. You will truly be the one & only muse for the design of the things you wear. What's more is this will be on a global and ...See More

  • Madhu Jannapureddy · · Johns Hopkins
    Leo, great post! I think you are one 100% correct that the current models of advertising and commerce are ripe for massive disruption. Your thoughts on Pinterest's future are quite insightful. I wonder, however, if Facebook might already be better equipped to outdo everyone in this space.

    The Facebook platform extends across almost every corner of the internet. They have also curated nearly a billion identity profiles. Furthermore, Facebook already has the ability to allow for one-click purchasing (mostly just used in games right now). Rather than trying to monetize in the traditional way with ads, I could see Facebook moving to a system allowing for once click purchasing, recommending, or gifting of goods and services across the internet. The advertising is already being done by its user base in the form of Likes and Sharing,...See More

  • Abdullah AlShalabi · Top Commenter · Kuwait City
    Amazing article, one of the best written in this space. I just want to add some more insight. my friends and I interviewed 30 people from all over the world about their shopping habits both online and offline, and get the following:

    - Handbags and accessories are more common to be bought online because you don't need to fit on them.
    - Shoes are also common because once you know your size from a certain brand, you'll usually get the size right.
    - Swimsuits, lingeries and underwear is also more convenient to buy online, since its much more convenient to try them at home than in a store.
    - However, for cloths its more complicated, you need to try them to see how do they fit, the cut of the piece is different for each new design and your weight changes all the time. Its true that an easy return policy might solve the problem, but its always tricky.

    Another takeaway is that girls loves shopping for cloths as apposed to boys. Shopping for men is a headache, but for girls is like going to Disney Land. That's why I believe that men will make a bigger and faster shift to online cloths shopping than girls. In short we will see mens brick-and-mortar cloths shops die first, girls shops (the bigger chunk of apparel shops) will come later.

    My friends are trying to build something in this field, please be one of the first to try it www.mybuyfriends.com. I just left the startup, but my friends are still there building something amazing.

  • Norb Winslow · Works at Blogger
    Thanks for your article! I have used pinterest on my website and the result was great, it jumped from #124 to #3 in just 3 weeks time.

    The key is we must got our website pinned and repinned by many people, which is the hardest part. Most of pinterest users won't doing repin when they aren't like what we pinned.

    I do simple thing to outsource it on fiverr and got my site pinned by 75 people, I don't know how can he did it just search by typing pinterest on fiverr and you will find it on the TOP. Many other seller offer pinterest service on fiverr but in my experience they can't make my website increase in SEO. I don't know why.

    Benefits of Pinterest for SEO:
    1. Once our website pinned it has backlinks counts.
    2. You need to ping the links of your pins to the to get your website increase in SEO.
    3. Even though Pinterest does not support anchor text (except the url link), it's still perfect for placing our keywords in description.

  • Richard Altman · 40 years old
    department stores will become to pinterest etc what movie theaters are to netflix, an unduplicatable experience that, guess what, is also a really nice warehouse, think costco, BUT MORE (fuck), what kind of more? how about a real 21st C incentivization combining Air Miles style points, idiotic mayor shit badges and potentially algorithmically relevant OTHER SHIT ONLY AVAILABLE WHEN YOU VISIT THE FUCKING STORE.

  • Justin DiPietro · New York, New York
    This was a great post as it is directly relates to what we are building over at SaleMove. The experience at a physical store with attentive sales people will be moved online. However, the great thing about moving it online is you can innovate far past the in store experience, driving up customer satisfaction along with conversion.

  • Dearrick Jay Knupp · · CEO and Founder at Shop My Label
    Much of what is written about, from peer to peer curation and affiliate marketing resulting in commissions up to 10 percent to the cross-brand universal cart is currently available on shopmylabel.com, launched just one week ago. With retailers such as Saks 5th Avenue, A/X Armani Exchange, Jessica Simpson representing the 32 retailers currently signed.

  • Jewel Declare Hru
    The beauty of Pinterest has been that it makes the sharing of dreams such as the perfect dress or heels accessible to average users. The entertainment value is crowd centered. At this point it's hard to have a voice on Pinterest because of its growth. I suggest that people make their own pinterest style sites and link to Pinterest. this way you can make your own terms of service and stand out more. I run pinclones.com by the way.

  • Tom Benson · Top Commenter
    Mmmm....one of the key parts of e-commerce is the "entertainment value". Groupon, Gilt City, etc are popular to a large extent because they are funny or exciting. Shopping as an adventure.

    You said "it will be an interactive experience with inspiring looks, runway videos and beautiful images." Would like to think about how that can work.

  • Jasmine Soh
    Great article. Also checkout www.marqueed.com. Its a tool to discuss photographs but leverages the easy of image acquisition like Pinterest does.

  • Mike Gauthier
    I would add styleowner.com to the list.

  • Roger Dalens · Erasmus University Rotterdam
    Interesting article, essentially argueing Pinterest should move towards recent start-up Favour.it (http://favour.it). Let's see whether the cat-lovers are willing to have their sharing site transformed to a social shopping site :)

  • Katharina Kahler ·
    I work on a project " Models in Motion" that is a comedy TV series, where in fictional format designers are presented with their works on catwalks and in photoshootings, build around the story of the four Models Jenny, Lisa, Carola and Melanie and their friendship in Paris. I want to create a multimedia platform with KULTLABEL. Under this label the designers can sell their products, which are shown on TV directly. For the platform I want an I-pad application. This is my vision for the future of fashion shopping. https://www.facebook.com/pages/Models-in-Motion/76759051577