Sun.Jun 19, 2022

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Meta to sell virtual luxury clothes on avatar fashion store

Inside Retail

Facebook owner Meta Platforms is launching a digital clothing store where users can purchase designer outfits for their avatars, CEO Mark Zuckerberg said. Virtual outfits designed by fashion brands Balenciaga, Prada and Thom Browne will be available for purchase to start, said Zuckerberg, speaking in a live video stream with Instagram’s head of fashion.

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The King’s Swedish: AI Rewrites the Book in Scandinavia

Nvidia

If the King of Sweden wants help drafting his annual Christmas speech this year, he could ask the same AI model that’s available to his 10 million subjects. As a test, researchers prompted the model, called GPT-SW3, to draft one of the royal messages, and it did a pretty good job, according to Magnus Sahlgren, who heads research in natural language understanding at AI Sweden, a consortium kickstarting the country’s journey into the machine learning era.

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Here’s why discount luxury business Azura Fashion Group is going circular

Inside Retail

Australian fashion tech business Azura Fashion Group is banking on the booming circular economy for growth. The business helps luxury brands, distributors and wholesalers clear end-of-line and off-season products through online marketplaces, such as Farfetch, Net-A-Porter, Vestiaire Collective and The Iconic, as well as its own e-commerce site, Azura Runway.

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30 Black Entrepreneur Quotes to Inspire You

Small Biz Trends

What does it take to be a successful black small business owner or entrepreneur? For many in the African American community, the answer to that question is inspiration. Luckily, there are lots of inspiring quotes out there from black entrepreneurs who have made it big. Here are 30 powerful quotes to help jumpstart your entrepreneurial journey. Inspirational Quotes for Your Private Business.

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Get MACH Ready: Preparing Your Business for Digital Transformation

Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

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Inflation, not volume, will drive retail sales growth until 2025 – report

Inside Retail

Australian retail spending is now higher than it was tracking before the pandemic, but data from Deloitte suggests celebrations should be held in check. The quarterly Deloitte Access Economics’ Retail Forecasts finds that – based on trend analysis – real retail spending during the quarter to March 31 ran 6.2 per cent ahead of what might have been expected had Covid-19 not disrupted markets from early 2020.

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With Web3, Social Media Creators and SMBS Can Get A Much Better Deal

Small Biz Trends

The rise of social media has led to the emergence of a multi-billion dollar “creator economy” that makes it possible for anyone to earn a living by creating and sharing content with their fans. While it’s almost impossible to know how much money the creator economy is worth, one estimate suggests that creators could generate as much as $20 billion globally.

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The Future of e-commerce Platforms in the Gaming Ecosystem

The Retail Creative and Consulting Agency

Republished from Marketscale. The function of e-commerce has been a vital source of selling on online platforms for decades now. The nature of the large scale selling component allows various types of companies to reach and sell to their customers. In the gaming ecosystem, not only has that been the norm, but its future is bright as new innovation is changing g-commerce.

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Signs of slowing in household spending after interest rate rises

Inside Retail

The CommBank HSI Index lifted during May across most categories, but discretionary spending started to soften with the rising cost of living. The Retail category rose by 0.5 per cent month on month in May and 7.4 per cent on year, which can be interpreted as a soft result given seasonal factors and rising prices. Consumer spending intentions measured by the CommBank Household Spending Intentions Index rose 2.9 per cent in May to 115.9, although discretionary spending appears to be slowing after

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How to Prepare for Amazon Prime Day 2022

Retail Bound

Amazon recently announced that Prime Day 2022 will be July 12 th -13 th. Being among the most popular shopping days of the year, Amazon Prime Day is like experiencing Christmas in July for Amazon retailers. Here are some valuable tips to help product brands prepare for Amazon Prime Day 2022. ‍ 1. Optimize your Amazon Product Listings. The first approach must be to ensure that your Amazon product listings are optimized to represent the product, not the promotion.

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Disney’s APAC e-commerce debut: hit or miss?

Inside Retail

It was a much anticipated – yet predictable – announcement by Disney last week to announce the debut of its flagship e-commerce store, shopDisney, for consumers across Australia, New Zealand, Hong Kong, Malaysia and Singapore. The site offers over 1,000 products, including authentic Disney, Pixar, Star Wars and Marvel merchandise. In the current climate, where e-commerce has been a key part of retail even pre-Covid, it could be argued that Disney’s e-commerce rollout for the APAC reg

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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

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Byredo, Nike taking real-world scents online

Inside Retail

Web 3.0 collaborations have started going in an interesting direction. A unique partnership has formed between metaverse creators RTFKT Studios, owned by Nike, and luxury fragrance brand Byredo. Together, they’re making virtual ‘auras’ for the metaverse, with matching real-world fragrances for everyday wear. The ‘phygital’ experience, dubbed AlphaMeta, aims to define the perfume of the future in Web 3.0.

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