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Fashion and Textile Business Excellence Cooperative

Staff

Aug 9, 2022

Volatile Pricing in the Metaverse

The metaverse, a digital universe aiming to connect the physical world with augmented or virtual reality, is attracting huge brands. Ralph Lauren, Nike, and Dolce & Gabbana are just some of the players making their first move into this new society. The pricing structures for products, however, are vastly different between brands and products. 

Jul 16, 2022

What are Business Model Innovations?

Business model innovations make radical changes to one or more of the three components of business models. A company can offer novel value to consumers and/or change how they capture or deliver value.

Jun 3, 2022

Amazon Style Store Full of Technologies: A Trend for the Future?

Amazon plans to open its first physical fashion store, Amazon Style store, in the Los Angeles suburb of Glendale, California.

May 25, 2022

Metaverse: Future of Fashion?

With the shift of consumer purchases to a more experiential economy, metaverse shopping could be a profitable replacement for traditional brick and mortar stores.

Apr 20, 2022

How is the Fashion Industry Responding to Russia’s Invasion of Ukraine?

As the world continues to isolate Russia for its invasion of Ukraine, global fashion retailers have taken several actions such as donations, suspension or scaling back of retail operations to join the wave of this movement.

Apr 10, 2022

How is the fashion industry responding to Russia’s invasion of Ukraine? Fashion industry halts operation in Russia

Doing business globally requires swift adjustments to changes in host countries. Sudden events such as war can definitely affect the retail operation in the countries.

Mar 14, 2022

Metabirkins: Fine Art or Fakes?

Hermes states that if MetaBirkins are allowed to continue to be bought and sold in digital spheres, their brand will be blocked from entering these spaces, and ultimately the metaverse, with their authentic, original products. 

Mar 8, 2022

Live Streaming Shopping: New Retail Format, Seize the Opportunity

Social media has always been close to consumers, encouraging their behavior and influencing their shopping habits. With the impact of the pandemic situation and growing functionality, live streaming shopping is experiencing a surge in brands, consumers, and investor participation.