With retail sales estimates wildly oscillating between frightening and optimistic, stores are looking to push profits later into the season this year with steep "Black Monday" discounts. "Monday the day after Christmas could be the perfect storm. A wave of post-Christmas clearances offering the years steepest markdowns will be unleashed, and its a day off for most people, meaning theres time to shop and extended store hours will further the frenzy. Black Monday also marks the first major day for redeeming gift cards, which is when retailers book them as revenues."
As part of the next wave of organizations joining the movement to take their businesses online, Pitti Imagine has launched e-Pitti.com, a home for sibling shows Pitti Uomo, Pitti W and Pitti Bimbo. Available year-round, the online showrooms have the potential to showcase multiple collections in a 360-degree virtual space. E-Pitti.coms online platform is growing, said Raffaello Napoleone, chief executive officer of Pitti Immagine. It now involves all of the Pitti fairs, and completes the services available to our exhibitors. Its an important evolution of this project, and an opportunity that we believe will become increasingly strategic for companies and the future of fashion business.
Fashion East and Topman have just selected three new up-and-coming labels to show at its A/W 2012-2013 MAN show in London this upcoming season. Chosen from a panel of judges that include Nicola Formichetti, GQ Style editor Ben Reardon and stylist Alister Mackie, the designers include Shaun Samson, Astrid Anderson and Agi&Sam. "This season MAN has both a local and global vision of fashion, from London to Jamaica, LA to Africa (by way of Dalston Superstore and Vogue Fabrics), with brilliant new designers Agi and Sam, Astrid Andersen and Shaun Samson," said Reardon. "This is an exciting triptych of talent to continue London's exciting year ahead. I literally cannot wait to see what they will do."
Remember when you were a kid and sci-fi movies promoted those ridiculous ideas that cars could fly and we could operate objects with the power of our minds? Well it looks like technology may have just gotten one step closer to realizing that vision. "According to IBM, which just published its 5 in 5? forecast: a prediction about five innovations that will fundamentally change our world within the next five years. The most head-turning prediction: well be able to use the power of our minds to operate machines...What IBM envisions is using a simple brain-machine interface (BMI) that can detect different kinds of brainwaves and tell a computer to respond a certain way."