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Bits & Bytes | Online-Only Asos Shines, Brexit Bad For Fashion

Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Source: Asos
By
  • Helena Pike

"Asos Outshines High-Street Rivals as Online-Only Model Bears Fruit" (The Financial Times)
"The Aim-quoted online retailer is enjoying sales growth that its high-street rivals could not even dream of."

"Brexit: What Does It Mean for Online Retailers?" (The Guardian)
"With currency fluctuations and the potential burden of tariffs and taxes, e-tailers worry that leaving the EU will come at an almighty cost."

"Using an Algorithm to Figure Out What Luxury Customers Really Want" (Harvard Business Review)
"The enormous volume of data collected from mystery shoppers, online reviews, social media, blogs, and ratings agencies about customer preferences and experiences has become too overwhelming for any business to assess."

"Google Faces New Round of Antitrust Charges in Europe" (The New York Times)
"Announced on Thursday, a new round of antitrust charges against the company — the third set since early 2015 — claiming that some of the company's advertising products had restricted consumer choice."

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"Amazon Is Developing a 3D Modelling System to Solve Online Clothes Shopping's Biggest Problem" (Quartz)
"As a user shops, Amazon would be able to recommend products with a similar fit based on whether its dimensions match the reference item within a certain threshold."

"Prime Day 2016: The 5 Most Important Lessons From Amazon's 'Biggest Day Ever'" (Retail Dive)
"Amazon's second Prime Day sales event is now history, but its impact will reverberate across the retail landscape for some time to come."

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