Fashion People
The Business of Shopping
Dec 3, 2024
Lauren chats with Sarah Shapiro, Puck’s new correspondent and former Bloomingdale's buyer, about her exciting career shift and the current retail climate. They dive into Black Friday and Cyber Monday shopping experiences, revealing consumer frustrations and trends. Sarah shares insights on Bernard Arnault’s court issues and the anticipated impacts of Saks acquiring Neiman Marcus. They also touch on the potential of technology in reshaping shopping and the intricacies of merging retail giants, all while navigating evolving consumer behaviors.
55:14
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Quick takeaways
- The fashion industry's transformation is heavily influenced by technology, empowering both independent designers and established brands to adapt and innovate.
- Recent holiday shopping trends indicate a significant shift toward online sales, reflecting consumer caution and changing preferences in the retail landscape.
Deep dives
The Intersection of Fashion and Technology
The fashion industry is experiencing significant transformations driven by technological advances. A new report highlights how digital tools are reshaping the landscape, providing insights that empower both independent designers and established leaders to make impactful changes. This evolution is crucial as the industry faces mounting pressures and intense competition, signaling a turning point that necessitates a tech-driven strategy. The report serves as a guide for industry players to navigate these changes and leverage technology to enhance their business practices.
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