Stackla explains how social media fuels NY Fashion Week related spending - New York Business Journal. New York Fashion Week pumps nearly $900 million into the economy every year, including about $547 million in direct visitor spending in New York City.
But with social media’s rising influence, you don’t have to be in the front row, or even in town to feel present — and to shop accordingly. That’s according to findings from Stackla, a Sydney-based social marketing platform with offices in New York, London, and San Francisco that helps brands leverage customer-generated content. It has worked with various companies on Fashion Week events, including tracking live trends for TopShop during London Fashion Week, where customers shopped runways immediately, and it also helped Alexander Wang with his #wang10 campaign to promote his 10-year capsule collection by allowing customers to upload and share photos on his website.
Hermès reports 20% jump in income despite slowing Chinese economy. The luxury goods maker Hermès has reported a 20% rise in operating income to €748m for the for the first half of 2015, despite its heavy reliance on the slowing economy of China.
The French group, which has a number of stores in the UK selling its Kelly bags and silk scarves, said on Friday that sales in Japan rose 20% in the period, while in Europe they increased 7%. Earlier this month, Hermès was included by the US bank Citi in a list of 48 large companies with high exposure to the slowing Chinese economy. Online fashion continues to drive retail growth says Boohoo co-founder. Fashion will continue to move out of the high street and onto online as consumers demand for the latest styles delivered in the most fastest way continues, says co-founder of Boohoo.com Carol Kane.
The joint chief executive of the Manchester-based AIM listed firm spoke at the MPA business lunch series which focused on media and fashion. Carol, who founded the company with Mahmud Kamani in 2006 and which listed on the stock exchange last year, said while the high street will always play an important part in delivering fashion, it was the online demand was spurring growth. She said: “The multi channel retail experience is important for customers. Shops still offer a service that online can’t, but by moving onto online, it gives customers a far bigger choice. “We are already seeing the way the industry is changing with a lot more collaboration, for example electrical retailers offering click and collect for fashion retailers, and in some cases even offering fitting rooms. China's crash will bring the U.S. economy into recession. No one can say for sure just how bad China’s economic situation has become, but analysts in the United States have been taking comfort in the fact that U.S. trade to China, and the Pacific Rim in general, constitutes a small sliver of U.S.
GDP. And while the emerging world makes up a much bigger share of the global economy than it did a generation ago, the U.S. economy is still the largest in the world. When capital flees riskier economies like Brazil or Turkey, the U.S. is where it will run to. There’s one problem. These arguments ignore the fact that economists don’t agree on what, exactly, causes recessions. Global economy worries prompt Fed to hold rates steady. WASHINGTON The U.S.
Federal Reserve kept interest rates unchanged on Thursday in a bow to worries about the global economy, financial market volatility and sluggish inflation at home, but left open the possibility of a modest policy tightening later this year. In what amounted to a tactical retreat, Fed Chair Janet Yellen said developments in a tightly linked global economy had in effect forced the U.S. central bank's hand. Asos founder Nick Robertson stands down - BBC News. Image copyright Getty Images Nick Robertson, the founder and chief executive of online fashion retailer Asos is to stand down after 15 years, the company has announced.
Mr Robertson is stepping down with immediate effect but will remain on the board as a non-executive director, Asos said. He is succeeded by Nick Beighton who joined Asos in April 2009 as chief financial officer. Mr Beighton's appointment was widely expected. Mr Robertson founded Asos - or As Seen on Screen because its garments were copies of clothes worn by celebrities - in 2000 at the height of the dot.com boom. The company quickly expanded introducing more fashion ranges and a year later it floated on the Alternative Investment Market (Aim) with a value of £12m.
However, Asos has faced a difficult 18 months. The company reported pre-tax profits of £18m for the six months to 28 February, down from £20.1m a year earlier. Unlocking the Enigma of Iran. DUBAI, United Arab Emirates — Smugglers ply their trade here by night.
Throngs of them huddle under the cover of darkness in dhow boats moored along Dubai Creek. Haggling in hushed voices, they speak in code but use an ancient blend of Arabic and Persian that betrays the destination of their contraband. Once they slip past the Emirati border patrol, an underground economy awaits them over the horizon where black market traders bid for their wares from cities across Iran.
Few scenes illustrate Iran’s pent-up demand for Western goods better than this. The mountains of branded toothpaste, t-shirts, computers and handbags crossing the Persian Gulf from Dubai are a regular occurrence and an open secret in this region. After a long and sometimes hostile period of isolation, contemporary Iran is an unknown quantity for most multinational firms. Tantalisingly out of reach Vaqar Spring/Summer 2015 by Shiva and Shirin Vaqar | Source: Courtesy “It will take time and things are still very uncertain.
Islamic art and fashion hit the mainstream. Islamic fashion sector expenditure reached $230 billion in 2014 Key Islamic art and fashion projections and market development to be featured in GIES 2015 Islamic fashion expenditure expected to reach $327 billion by 2020 Prominent players in Islamic art and fashion industries to speak at GIES 2015 Islamic art and fashion are quickly becoming burgeoning industries within the diverse landscape of the Islamic economy, and are dominating a key market share in the global lifestyle sector.
In 2014, Islamic, or modest, fashion sector expenditure reached $230 billion, constituting 11% of the global fashion market. London Fashion Week kicks off as China slowdown is becoming an increasing headache for luxury brands. London Fashion Week kicks off this Friday but luxury firms have other worries on their minds Friday marks the start of London fashion week, when luxury brands flaunt their Spring/Summer collections on the catwalk and throw champagne-fuelled parties to celebrate the arrival of the next fashion season.
But behind the scenes, the party mood is more subdued as luxury companies nervously assess how great an impact the ongoing economic slowdown in China and the knock-on effect on European markets will have on their sales. Op-Ed: With Fashion Week, making money is always in style. It's especially fun to live in New York City at this time of year.
Each September, New Yorkers and visitors from around the world are treated to the U.S. Open and New York Fashion Week, two events that shine a spotlight on our city and generate more than $1.5 billion in economic impact for our area. And even if you don’t care much about tennis or fashion, you might appreciate the extra business these events bring to our city. How Fashion Week Fuels New York's Economy. The biannual fashion extravaganza, New York Fashion Week, brings a flurry of activity with a huge economic impact on New York City‘s economy and its residents.