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The Future of Retail Fashion
Kyle Werstein, MCAD
The Industry
The Industry - What is the state of the retail industry?




Increasingly in the cloud
The Industry - What is the state of the retail industry?




E-retail spending to increase
62% by 2016
http://www.internetretailer.com/2012/02/27/e-retail-spending-increase-45-2016
The Industry - What is the state of the retail industry?




Bounced back 9% in sales
since this time last year
http://www.census.gov/retail/marts/www/marts_current.pdf
The Industry - What is the state of the retail industry?




Online now accounts for almost
6 percent of total retail sales.
http://www.census.gov/retail/mrts/www/data/pdf/ec_current.pdf
The Industry - What is the state of the retail industry?




Mobile shopping rose, but
social media sales fell in Q1 2012
http://www-03.ibm.com/press/us/en/pressrelease/38349.wss
The Industry - What is the state of the retail industry?




Small is the new big.
http://www.guardian.co.uk/sustainable-business/blog/fashion-industry-trends-innovation-small-business
The Industry - Leading Industry Trends for Online Shopping




Leading Trends:
The Industry - Leading Industry Trends for Online Shopping




Personalized shopping
experiences.
http://www.digitalstrategyconsulting.com/intelligence/2012/01/top_6_online_retail_trends_for.php
The Industry - Leading Industry Trends for Online Shopping




Flexible Shipping Models
(site to store, store to home)
http://www.digitalstrategyconsulting.com/intelligence/2012/01/top_6_online_retail_trends_for.php
The Industry - Leading Industry Trends for Online Shopping




Brick and Mortar in the cloud.
http://www.digitalstrategyconsulting.com/intelligence/2012/01/top_6_online_retail_trends_for.php
The Industry - Leading Industry Trends for Online Shopping




Flash deals.
http://www.digitalstrategyconsulting.com/intelligence/2012/01/top_6_online_retail_trends_for.php
The Industry - The Next Big Thing for Online Retail




The next big thing:
The Industry - The Next Big Thing for Online Retail




Increased social media
integration
http://www.forbes.com/sites/lauraheller/2011/04/20/the-future-of-online-shopping-10-trends-to-watch/
The Industry - The Next Big Thing for Online Retail




Social shopping
http://www.forbes.com/sites/lauraheller/2011/04/20/the-future-of-online-shopping-10-trends-to-watch/
The Industry - The Next Big Thing for Online Retail




User Generated Content
http://infospace.ischool.syr.edu/2012/04/17/social-media-the-fashion-industrys-hottest-trend/
The Industry - The Next Big Thing for Online Retail




International commerce
http://infospace.ischool.syr.edu/2012/04/17/social-media-the-fashion-industrys-hottest-trend/
The Industry - The Next Big Thing for Online Retail




Retail-based social networks
http://www.forbes.com/sites/lauraheller/2011/04/20/the-future-of-online-shopping-10-trends-to-watch/
The Industry - The Next Big Thing for Online Retail




Deal Aggregators
http://www.forbes.com/sites/lauraheller/2011/04/20/the-future-of-online-shopping-10-trends-to-watch/
The Industry - Technology Trends and Innovations




New technology:
The Industry - Technology Trends and Innovations




Motion Tracking/Capture
http://thenextweb.com/insider/2012/06/30/6-hot-digital-trends-transforming-the-fashion-industry/
The Industry - Technology Trends and Innovations




Shopping on iPad/touchscreens
http://thenextweb.com/insider/2012/06/30/6-hot-digital-trends-transforming-the-fashion-industry/
The Industry - Technology Trends and Innovations




Seamless social media
integration
http://thenextweb.com/insider/2012/06/30/6-hot-digital-trends-transforming-the-fashion-industry/
The Industry - Group Shopping as a Platform




Group Shopping
The Industry - Group Shopping as a Platform




“provides a very compelling
advertising product for them to
[gain access to] largely untapped
local markets,” - Lee Helman
http://www.cnbc.com/id/40495538/The_Other_Contenders_in_the_Group_Buying_Clone_Wars
The Industry - Group Shopping as a Platform




With Groupon, Gap took in $1mil
in one day.
http://www.cnbc.com/id/40495538/The_Other_Contenders_in_the_Group_Buying_Clone_Wars
The Industry - Sites using Social Media in Exciting Ways




Sites using social media in
exciting ways:
The Industry - Sites using Social Media in Exciting Ways




On Modcloth, users share, vote
on and submit custom clothes
http://www.modcloth.com/storefront/products/be_the_buyer
The Industry - Sites using Social Media in Exciting Ways




Threadless is famous for its
crowdsourced approach to t’s
http://www.threadless.com
The Industry - Sites using Social Media in Exciting Ways




FAB integrates with Twitter and
Facebook and grows virally
http://www.fab.com
The Industry - Sites using Social Media in Exciting Ways




Polyvore lets users share fashion
mood boards
http://www.polyvore.com
The Industry - Sites using Social Media in Exciting Ways




Snapette’s Instagram integration
lets users share accessory finds
http://www.snapette.com
The Industry - Sites using Social Media in Exciting Ways




Wanelo integrates with Chrome
and Firefox as browser extensions
http://www.snapette.com
The Industry - Sites using Social Media in Exciting Ways




Stylmee lets users share and sell
in virtual shop spaces for rewards
http://www.stylmee.com
The Industry - Sites using Social Media in Exciting Ways




Shopholler lets users create
opinion polls to share with friends
http://www.shopholler.com
Fashion Retail
Fashion Retail - Leading Online Brands




Leading Online Brands
Fashion Retail - Leading Online Brands




JC Penney:
-Free site to store shipping
-Easy to navigate site
-Name brands at low prices

http://www.jcpenney.com
Fashion Retail - Leading Online Brands




Gap:
-Exclusive online colors
-Great user experience
-Partnerships with outside brands (GQ)

http://www.gap.com
Fashion Retail - Leading Online Brands




Nordstrom:
-Free shipping both ways
-Attractive site design
-Social media integration with apps

http://www.shop.nordstrom.com
Fashion Retail - Leading Online Brands




Urban Outfitters:
-Aggressive online sales strategy
-Almost all direct-to-consumer sales come from online
-Free shipping to home if ordered in store

http://www.shop.nordstrom.com
Audience
Audience - What is a Fashionista?




What is a Fashionista?
Audience - What is a Fashionista?




Couture warriors, bloggers, haul
video creators, fashion conscious
men and women
Audience - Leading Fashion Blogs/Bloggers




Leading Fashion Blogs/Bloggers
Audience - Leading Fashion Blogs/Bloggers




-	   Honestly WTF http://honestlywtf.com/
-	   Atlantic Pacific http://www.atlantic-pacific.blogspot.com/
-	   Style Bubble http://www.stylebubble.co.uk/
-	   Wendy’s Lookbook http://www.wendyslookbook.com/
-	   The Style Rookie http://www.thestylerookie.com/
Audience - What is the Role of Social Media in our Lives?




The Role of Social Media
Audience - What is the Role of Social Media in our Lives?




Over 1 Billion users of social
media worldwide, mostly on mobile
http://techcrunch.com/2012/05/14/itu-there-are-now-over-1-billion-users-of-social-media-worldwide-most-on-mobile/
Audience - What is the Role of Social Media in our Lives?




It’s changing our day-to-day lives
http://mashable.com/2009/10/16/social-media-changing-lives/
Audience - What is the Role of Social Media in our Lives?




It helps 87% of Millennials to
decide to make a purchase
http://www.bazaarvoice.com/files/whitepapers/BV_whitepaper_millenials.pdf

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Future Retail Fashion

  • 1. The Future of Retail Fashion Kyle Werstein, MCAD
  • 3. The Industry - What is the state of the retail industry? Increasingly in the cloud
  • 4. The Industry - What is the state of the retail industry? E-retail spending to increase 62% by 2016 http://www.internetretailer.com/2012/02/27/e-retail-spending-increase-45-2016
  • 5. The Industry - What is the state of the retail industry? Bounced back 9% in sales since this time last year http://www.census.gov/retail/marts/www/marts_current.pdf
  • 6. The Industry - What is the state of the retail industry? Online now accounts for almost 6 percent of total retail sales. http://www.census.gov/retail/mrts/www/data/pdf/ec_current.pdf
  • 7. The Industry - What is the state of the retail industry? Mobile shopping rose, but social media sales fell in Q1 2012 http://www-03.ibm.com/press/us/en/pressrelease/38349.wss
  • 8. The Industry - What is the state of the retail industry? Small is the new big. http://www.guardian.co.uk/sustainable-business/blog/fashion-industry-trends-innovation-small-business
  • 9. The Industry - Leading Industry Trends for Online Shopping Leading Trends:
  • 10. The Industry - Leading Industry Trends for Online Shopping Personalized shopping experiences. http://www.digitalstrategyconsulting.com/intelligence/2012/01/top_6_online_retail_trends_for.php
  • 11. The Industry - Leading Industry Trends for Online Shopping Flexible Shipping Models (site to store, store to home) http://www.digitalstrategyconsulting.com/intelligence/2012/01/top_6_online_retail_trends_for.php
  • 12. The Industry - Leading Industry Trends for Online Shopping Brick and Mortar in the cloud. http://www.digitalstrategyconsulting.com/intelligence/2012/01/top_6_online_retail_trends_for.php
  • 13. The Industry - Leading Industry Trends for Online Shopping Flash deals. http://www.digitalstrategyconsulting.com/intelligence/2012/01/top_6_online_retail_trends_for.php
  • 14. The Industry - The Next Big Thing for Online Retail The next big thing:
  • 15. The Industry - The Next Big Thing for Online Retail Increased social media integration http://www.forbes.com/sites/lauraheller/2011/04/20/the-future-of-online-shopping-10-trends-to-watch/
  • 16. The Industry - The Next Big Thing for Online Retail Social shopping http://www.forbes.com/sites/lauraheller/2011/04/20/the-future-of-online-shopping-10-trends-to-watch/
  • 17. The Industry - The Next Big Thing for Online Retail User Generated Content http://infospace.ischool.syr.edu/2012/04/17/social-media-the-fashion-industrys-hottest-trend/
  • 18. The Industry - The Next Big Thing for Online Retail International commerce http://infospace.ischool.syr.edu/2012/04/17/social-media-the-fashion-industrys-hottest-trend/
  • 19. The Industry - The Next Big Thing for Online Retail Retail-based social networks http://www.forbes.com/sites/lauraheller/2011/04/20/the-future-of-online-shopping-10-trends-to-watch/
  • 20. The Industry - The Next Big Thing for Online Retail Deal Aggregators http://www.forbes.com/sites/lauraheller/2011/04/20/the-future-of-online-shopping-10-trends-to-watch/
  • 21. The Industry - Technology Trends and Innovations New technology:
  • 22. The Industry - Technology Trends and Innovations Motion Tracking/Capture http://thenextweb.com/insider/2012/06/30/6-hot-digital-trends-transforming-the-fashion-industry/
  • 23. The Industry - Technology Trends and Innovations Shopping on iPad/touchscreens http://thenextweb.com/insider/2012/06/30/6-hot-digital-trends-transforming-the-fashion-industry/
  • 24. The Industry - Technology Trends and Innovations Seamless social media integration http://thenextweb.com/insider/2012/06/30/6-hot-digital-trends-transforming-the-fashion-industry/
  • 25. The Industry - Group Shopping as a Platform Group Shopping
  • 26. The Industry - Group Shopping as a Platform “provides a very compelling advertising product for them to [gain access to] largely untapped local markets,” - Lee Helman http://www.cnbc.com/id/40495538/The_Other_Contenders_in_the_Group_Buying_Clone_Wars
  • 27. The Industry - Group Shopping as a Platform With Groupon, Gap took in $1mil in one day. http://www.cnbc.com/id/40495538/The_Other_Contenders_in_the_Group_Buying_Clone_Wars
  • 28. The Industry - Sites using Social Media in Exciting Ways Sites using social media in exciting ways:
  • 29.
  • 30. The Industry - Sites using Social Media in Exciting Ways On Modcloth, users share, vote on and submit custom clothes http://www.modcloth.com/storefront/products/be_the_buyer
  • 31.
  • 32. The Industry - Sites using Social Media in Exciting Ways Threadless is famous for its crowdsourced approach to t’s http://www.threadless.com
  • 33.
  • 34. The Industry - Sites using Social Media in Exciting Ways FAB integrates with Twitter and Facebook and grows virally http://www.fab.com
  • 35.
  • 36. The Industry - Sites using Social Media in Exciting Ways Polyvore lets users share fashion mood boards http://www.polyvore.com
  • 37.
  • 38. The Industry - Sites using Social Media in Exciting Ways Snapette’s Instagram integration lets users share accessory finds http://www.snapette.com
  • 39.
  • 40. The Industry - Sites using Social Media in Exciting Ways Wanelo integrates with Chrome and Firefox as browser extensions http://www.snapette.com
  • 41.
  • 42. The Industry - Sites using Social Media in Exciting Ways Stylmee lets users share and sell in virtual shop spaces for rewards http://www.stylmee.com
  • 43.
  • 44. The Industry - Sites using Social Media in Exciting Ways Shopholler lets users create opinion polls to share with friends http://www.shopholler.com
  • 46. Fashion Retail - Leading Online Brands Leading Online Brands
  • 47. Fashion Retail - Leading Online Brands JC Penney: -Free site to store shipping -Easy to navigate site -Name brands at low prices http://www.jcpenney.com
  • 48. Fashion Retail - Leading Online Brands Gap: -Exclusive online colors -Great user experience -Partnerships with outside brands (GQ) http://www.gap.com
  • 49. Fashion Retail - Leading Online Brands Nordstrom: -Free shipping both ways -Attractive site design -Social media integration with apps http://www.shop.nordstrom.com
  • 50. Fashion Retail - Leading Online Brands Urban Outfitters: -Aggressive online sales strategy -Almost all direct-to-consumer sales come from online -Free shipping to home if ordered in store http://www.shop.nordstrom.com
  • 52. Audience - What is a Fashionista? What is a Fashionista?
  • 53. Audience - What is a Fashionista? Couture warriors, bloggers, haul video creators, fashion conscious men and women
  • 54. Audience - Leading Fashion Blogs/Bloggers Leading Fashion Blogs/Bloggers
  • 55. Audience - Leading Fashion Blogs/Bloggers - Honestly WTF http://honestlywtf.com/ - Atlantic Pacific http://www.atlantic-pacific.blogspot.com/ - Style Bubble http://www.stylebubble.co.uk/ - Wendy’s Lookbook http://www.wendyslookbook.com/ - The Style Rookie http://www.thestylerookie.com/
  • 56. Audience - What is the Role of Social Media in our Lives? The Role of Social Media
  • 57. Audience - What is the Role of Social Media in our Lives? Over 1 Billion users of social media worldwide, mostly on mobile http://techcrunch.com/2012/05/14/itu-there-are-now-over-1-billion-users-of-social-media-worldwide-most-on-mobile/
  • 58. Audience - What is the Role of Social Media in our Lives? It’s changing our day-to-day lives http://mashable.com/2009/10/16/social-media-changing-lives/
  • 59. Audience - What is the Role of Social Media in our Lives? It helps 87% of Millennials to decide to make a purchase http://www.bazaarvoice.com/files/whitepapers/BV_whitepaper_millenials.pdf