Celebrity Life

Simon Naga, vice-president of Al-Futtaim Group, Asia, weighs in.

The post How the Al-Futtaim Group integrates online and offline retail appeared first on The Peak Magazine.

Simon Naga, vice-president of Al-Futtaim Group, Asia, weighs in.

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Parisian clothing label Sonia Rykiel has been an icon of French fashion for over half a century. So how did the once sought-after brand find itself on the outs with consumers?

The post Behind The Demise Of Sonia Rykiel appeared first on LUXUO.

Despite dropping numbers for physical retail, luxury department stores are still going strong.

The post Will department stores go extinct? appeared first on The Peak Magazine.

Despite dropping numbers for physical retail, luxury department stores are still going strong.

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Here are 3 places re-inventing the physical shopping experience.

The post Smart shopping: how brick-and-mortar retail is changing appeared first on The Peak Magazine.

Here are 3 places re-inventing the physical shopping experience.

For more stories like this, visit www.thepeakmagazine.com.sg.

First quarter 2019 performance for Farfetch and Richemont Group show that with the immense capital investments required for e-Commerce, it is not exactly the magic bullet for retail woes. At least not in the short term.

The post FarFetch and Richemont Learn there’s no Magic E-Commerce Bullet for Retail Woes appeared first on LUXUO.

The retail industry is a fast-evolving sector. Trends and consumer behaviour that were in play two years back are obsolete today. No wonder then, despite years of studying fashion, it remains a challenge for most budding designers to convert their skills to profit. To help these designers find a firm footing in such a competitive industry, Omnilytics has launched the Omnilytics Fashion Academy (OFA) in Kuala Lumpur. Their super power: Data Analytics. Designers desperate to make a mark in the retail industry will now have the assistance of the OFA online programme to help them every step of the way — from planning, merchandising, designing, buying, to launching and finally, manufacturing, promoting and getting clearances. [inline_related_article article_id="140635"]
Launched in 2014, Omnilytics is a fashion analytics platform and the brainchild of Kendrick Wong, a young and successful entrepreneur who was featured in the Forbes 30 Under 30 list. The premise of this creation stemmed from the idea of making real-time market intelligence data accessible to retailers worldwide. Today, Omnilytics’ services are used by 75,000 brands, including luxury clothing major Salvatore Ferragamo, skincare and cosmetics giant Shiseido, shoe store Melissa and sportswear giant Adidas. Showing support to this endeavour are leading fashion brands Zalora, Marshmallowscarf and FashionValet. [inline-quote author="Kendrick Wong, CEO of Omnilytics "]"“We understand the glamorous allure of the fashion industry has motivated many aspiring fashion brand owners to launch their brands. This often comes at the expense of establishing solid business fundamentals leading to only 47% of retail businesses remaining in operation after 4 years. The businesses that survive beyond the 4 years often plateau with no strategy to grow beyond the ceiling. With that in mind, we launched the OFA to increase the overall level of commercial awareness of fashion brands so that these brand owners can employ the right skills and tools at every step of the journey,” "[/inline-quote] At the launch, Barry Ooi, former CEO of homegrown apparel brand Twenty3 and current head of fashion analytics at Omnilytics said, “It’s a common scene where fashion businesses are stuck with slow-moving inventory stemming from a lack of understanding of what their customers are looking for. Brands first need to have a strong grasp of their market and their competitors. Combined with the knowledge of their internal data, only then can they create strong growth strategies.”
And this is exactly what the fashion academy aims to achieve through its 11 online modules, with over 50 chapters available under three packages. Industry experts with a combined experience of over 30 years have poured their learnings and insights from their personal entrepreneurial successes and failures into these chapters.

For more details on the new OFA program, visit omnilytics.co

The post The Omnilytics Fashion Academy wants to help fashion brands make smarter decisions appeared first on Prestige Online - Hong Kong.

Once purely-online brands like honestbee and HipVan are changing the physical retail landscape with tech-driven, experiential shopping.

The post How retail brands are utilising technology to lure shoppers back to brick and mortar malls appeared first on The Peak Magazine.

Once purely-online brands like honestbee and HipVan are changing the physical retail landscape with tech-driven, experiential shopping.

For more stories like this, visit www.thepeakmagazine.com.sg.