Digital retail revolution in luxury fashion industry



A-2

Table of Contents
[]
  • Digital fashion
  • Stores do not display real items anymore
  • A selling point: digital shoes and apparel
Tech has become an important part of business, contributing to greater digital retail experience. Luxury fashion retailers, of course, have to take part in the digital retail revolution in order to survive.

Digital fashion

Starting with the changes in the ways luxury fashion retail stores advertising their products, recently, there is a high-end retailer representing their entire collection in digital form. Fashion lovers have been familiar with fashion magazines where the most famous designers in the world displaying their designs. However, we are in the digital era; thus, fashion magazines have been becoming less popular. Luxury fashion brands still produce their magazines as usual but customers no longer read them. Sometimes, magazines seem to be money-consuming, leading to the need for changes in the luxury fashion retail industry.

Fashion stores can display their collection in digital form / Ph: Digital Signage

Stores do not display real items anymore

One of the most noticeable digital trends in luxury fashion industry is stores displaying no real items. These stores are called pop-up boutiques. Instead of displaying physical apparel whatsoever, stores can only display The Fabricant’s digital versions of their items. All the orders will be taken via its app.

A selling point: digital shoes and apparel

Creative director David James Reid of Hong Kong-based luxury fashion retailer I.T, one of the most energetic retailers reinforcing digital fashion trends, said: “IT has been at the forefront of China’s luxury goods sector since operations began in 1988.” I.T has collaborated with The Fabricant to bring out the revolution in the luxury retail industry. This high-end fashion retailer, with its desire to push technological boundaries to benefit its clients’ experience, successfully cooperates with The Fabricant. Its attempts also cement its position as innovators in the fashion world. The two famous fashion houses work together on the “I.T Goes Digital” campaign, aiming at creating stunning product imagery. This product imagery is expected to capture the style and spirit of its anniversary collection and present in a way that is absolutely true to I.T’s love of fashion. To conclude, there is no doubt that luxury fashion retail stores have to make a considerable change so that they can fit into the e-commerce trends that are dominating the fashion world.

Digital retail revolution in luxury fashion industry

Support a'esgium by making a contribution – no matter how small.


Enter your amount
£
Enter your amount
£
Enter your amount
£

AD4


Funding Circle Makes History as Nondepository Institutions Secure SBA Lending Licenses After 40 Years

In a groundbreaking move, Funding Circle becomes one of the first nondepository institutions to receive an SBA lending license in 40 years. This historic win ushers in a new era for small business lending. Read more to uncover the details and implications.

In a groundbreaking move, Funding Circle becomes one of the first nondepository institutions to receive an SBA lending license in 40 years. This historic win ushers in a new era for small business lending. Read more to uncover the details and implications.

Read more

Secrets Revealed: How Swiss Private Banks Are Raking in Profits!

Discover the hidden wealth potential of Swiss private banks as they capitalize on the booming interest rate business. A recent study by KPMG reveals how these banks have significantly improved their earnings, presenting a lucrative opportunity for investors. Uncover the secrets to their success now!

Discover the hidden wealth potential of Swiss private banks as they capitalize on the booming interest rate business. A recent study by KPMG reveals how these banks have significantly improved their earnings, presenting a lucrative opportunity for investors. Uncover the secrets to their success now!

Read more

Controlling personal finance and budgeting app

Cadence Bank Strengthens Core Banking with $904M Insurance Unit Sale

Cadence Bank strengthens its core banking business by selling its insurance unit for $904 million, enabling a more streamlined operation and enhanced focus.

Cadence Bank strengthens its core banking business by selling its insurance unit for $904 million, enabling a more streamlined operation and enhanced focus.

Read more

NatWest's Profit Downgrade: A Wake-up Call for the Financial World

Explore the impact of NatWest's profit downgrade on the financial world and gain insights into the challenges faced by this esteemed institution. Discover the critical changes shaping the broader banking industry.

Explore the impact of NatWest\'s profit downgrade on the financial world and gain insights into the challenges faced by this esteemed institution. Discover the critical changes shaping the broader banking industry.

Read more

Buy Land & Vacant Lots on Easy Monthly Payment Plans

Revolutionizing Treasury Management: Trovata partners with JPMorgan for Streamlined Account Balances Analysis

In a thrilling collaboration that promises to transform the way businesses handle their finances, enterprise cash management fintech Trovata has joined forces with JPMorgan.

In a thrilling collaboration that promises to transform the way businesses handle their finances, enterprise cash management fintech Trovata has joined forces with JPMorgan.

Read more

US Banks Under Increased Scrutiny: New Regulations Aim to Modernize Fair Lending Standards

U.S. regulators have announced tougher new rules to modernize fair lending standards, specifically targeting banks and their service to communities and geographies through online lending.

U.S. regulators have announced tougher new rules to modernize fair lending standards, specifically targeting banks and their service to communities and geographies through online lending.

Read more

Buy Land & Vacant Lots on Easy Monthly Payment Plans

Spanish bank Santander pours $250M into investment bank

Spanish bank Santander has taken a bold step to strengthen its corporate and investment banking division by allocating $250 million for growth initiatives over the next two years.

Spanish bank Santander has taken a bold step to strengthen its corporate and investment banking division by allocating $250 million for growth initiatives over the next two years.

Read more

Morgan Stanley Q3 Profits Fall 9% Amid Sluggish Dealmaking

Morgan Stanley witnessed a 9% decline in Q3 profits due to sluggish dealmaking. Read more to learn about the financial report and its implications.

Morgan Stanley witnessed a 9% decline in Q3 profits due to sluggish dealmaking. Read more to learn about the financial report and its implications.

Read more

European Banks Report Highest Profits Since Financial Crisis: Unlocking Success

European banks are experiencing their highest profits since the financial crisis, signaling success amidst a bleak global economic outlook. Explore margin pressure and deteriorating loans in this earnings season.

European banks are experiencing their highest profits since the financial crisis, signaling success amidst a bleak global economic outlook. Explore margin pressure and deteriorating loans in this earnings season.

Read more

Copyright © a’esgiumAll rights reserved. The Content may not be copied, distributed,  republished, uploaded, posted or transmitted in any way without the prior written consent of  a’esgium.