Technology news and archive

What is Unified Commerce and why is it so important for fashion retailers?

Although the term has been around for years, Unified Commerce remains somewhat of an emerging concept for many retailers. A recent survey conducted by Bain & Company global consultants, on behalf of Aptos, the retail technology solutions platform, found that the fashion industry still remains largely unprepared for it. However retailers are...

Fashion

Smart eyewear gets a 3D makeover

Vuzix, a prominent Smart Glasses and Augmented Reality (AR) technology supplier, has joined forces with Materialise, a pioneer in 3D printing, to expedite the design and production of smart eyewear using 3D printing technology. The collaboration aims to accelerate the development of innovative enterprise applications and enable third-party...

Fashion

From Fridge to shopping bags thanks to award-winning blockchain technology from Waste2Wear

Transparent supply chains seem to be becoming the new normal in the fashion industry. However, if you really want to produce sustainably, you need to know where your materials come from and flow to. This challenge is new to many companies, but there are also players in the market who worked very early on the digital tools that will soon become...

Business

Harnessing the Power of Technology: What's Next for Digital Retail Fashion

In the fast-paced digital retail world, facing challenges via a post-pandemic, pre-war, mid-inflation, and overall economic global upheaval is now, much less about just landing on our feet and more about making smarter short- and long-term decisions. E-commerce continues to be a powerful factor in retail development. In 2018, Gartner predicted...

Fashion |Technology Featured

Fashion brands must catch up to AI, not halt progress

AI is having a moment. International governments are stumped by its progress and have been slow to leverage the possibility of automation and technology whilst at the same time creating laws to protect privacy and cyber security. With countries like Italy calling for a suspension of ChatGPT and tech leaders including Elon Musk signing an open...

Fashion Featured

SAP launches S.Fashion Experience Lab in NYC's Hudson Yards

SAP officially opened its S.Fashion Experience Lab last month with an exclusive event for journalists at the SAP Experience Center on the 48th floor of its Hudson Yards offices. Based in Walldorf, Germany, SAP has 20 labs in 17 countries. They are located in high-tech regions and focused on diverse industries and field to cultivate thought...

Fashion |Technology

Deloitte helps brands deliver metaverse experiences

Global audit and advisory firm Deloitte has launched an immersive experience platform in partnership with technology provider Vatom. The two companies have created a tangible experience to enable brands (and other businesses) to build virtual spaces for their customers, partners and employees. In essence, they have made the Metaverse accessible....

Business

In Big Tech earnings week, Facebook gets a boost

Investors in Meta saw their stock boosted by 25 percent, as the social media giant posted higher than expected earnings in the fourth quarter of 2022. The parent company to Facebook, Instagram and Whatsapp, said it focused on productivity, streamlining and efficiency, adding nearly 80 billion dollars to its market value. But the operational...

Fashion

A new fashion collection shields wearer from AI facial recognition

A new brand embracing technology, textiles and fashion has developed a collection that will bypass AI and facial recognition. The print-heavy pieces confuses artificial intelligence cameras and stops them from recognising the wearer. Developed by Italian startup Capable, the brand said its mission is to offer a high-tech product that opens...

Business

Fashion supply chain finance platform, Twinco Capital, raises 12m dollars to expand

Twinco Capital, a global supply chain finance solution that covers the production cycle from purchase order to final invoice payment, has secured a 12 million dollar equity and debt round. The Amsterdam and Madrid-based fintech business, which was founded 2019 by bankers Sandra Nolasco and Carmen Marín, said it is on a mission to reduce the...

RetailFeatured

6 latest retail innovations to ensure frictionless customer experience

The plateauing of the e-commerce boom is set to continue making an omnichannel strategy vital for retailers. Brick and mortar stores will get a leg up as a result but nowadays stores and can do more with less. The latest technology is designed to ensure that the transition between customer’s online and in-store shopping experience is seamless....

Business |Technology Featured

Widespread adoption of Meta's metaverse is yet to take off

It has been well over a year since Facebook became Meta. The social media giant announced the name change amid a flurry of corporate crises and scandals, but mainly to represent itself as a broad spectrum of technology applications rather than ‘just’ a social media platform. Meta promised to be a pioneer in the metaverse realm, where the near...