Luxury Brands' Digital Lag, L'Oréal's Technology Incubator

Luxury-Goods Companies Are Belatedly Trying to Go Digital (The Economist)
"Only 8 percent of total personal luxury-goods sales take place online, compared with 16 percent for the rest of retail. Now the industry wants that to change."

L'Oréal's Technology Incubator: Creating the Future of Beauty (The New York Times)
"L'Oréal's Technology Incubator partners with academics and entrepreneurs to make products on the forefront of the $438 billion global beauty industry."

Instagram Killed the Retail Store (Bloomberg)
"For members of Generation Z, the photo-sharing site is the core of an instinctive methodology for building a brand, garnering a following, and generating sales."

Amazon Launches Social Media Influencer Referral Program (Retail Dive)
"Influencers will be able to generate referral fees on purchases they drive through their social platforms and activities."

It Only Took 5,000 Years, but the Flip Flop Is Getting Smarter (Fast Company)
"The flip flops will be embedded with a special chip that will help footwear brand Hari Mari gather the same kind of data that an online retailer would get."