TFOL Snapshot 12.02.15

This week Michael Kors ventures into wearable tech, Warby Parker is named most innovative company for 2015, a new report looks at how luxury tastes are evolving and how the very definition and perception of luxury itself is in flux.

1. Warby Parker – Most Innovative Company 2015

“For building the first great made-on-the-internet brand. Over the past five years, scads of e-commerce startups have shown early promise and then promptly crashed back to earth. “When we launched, a lot of people bucketed us as an e-commerce company, but we never thought of ourselves as an e-commerce company.”

Read full article on: FASTCOMPANY  

2. Luxury Industry Bullish On Outlook For 2015, Wealth-X Survey Shows

“The level of optimism among professionals in the global luxury industry has returned to 100, the same level of optimism seen at the start of 2014, according to the latest instalment of the Wealth-X Luxury Sentiment Survey Report released today.”

Read full article on: WEALTHX

3. Michael Kors wants to go high-tech

“The fashion label—known for its MK print handbags that try to embody “jet-set” glamor—told analysts Thursday, Feb. 4, that it has plans for wearable technology and would announce specifics in the “next few months.”

Read full article on: BLOOMBERG

4. Top 10 Risks for the luxury industry

“Luca Solca, head of luxury goods at Exane BNP Paribas, examines the top ten risks confronting the luxury industry today.”

Read full article on: THE BUSINESS OF FASHION

5. 63pc of consumers agree luxury tastes have evolved: survey

“The luxury sector is continuing to evolve with the majority of affluent consumers recognizing that the definition of luxury is not what it was five years ago, according to a new report by Martini Media.”

Read full article on: LUXURY DAILY