Morning Brew - ☕ Holding the ‘verse strings

Alibaba’s Tmall Luxury Pavilion is all-in on the metaverse.
Morning Brew October 04, 2022

Retail Brew

impact.com

Good afternoon! Calling all taco lovers: It’s National Taco Day, and Taco Bell is celebrating by reviving its Taco Lovers Pass for one day only. If that’s not an excuse to take an extra long lunch break, we don’t know what is.

In today’s edition:

—Jeena Sharma, Maeve Allsup

LUXURY

Dial M for metaverse

Smartphones showing images of luxury fashion Tmall Luxury Pavilion

From livestreaming to social commerce, China has been at the forefront of digital shopping innovations. Now, Alibaba’s Tmall Luxury Pavilion, the Chinese e-commerce platform, is stepping it up with a series of digital upgrades in the metaverse starting with an AR fashion show earlier this month in honor of its fifth anniversary, according to a release.

  • Instead of supermodels, the show featured “super mascots” from a range of luxury brands that walked down the “virtual runways” wearing items from the collection, according to the company. Viewers were also allowed to take selfies with the mascots.
  • “From 2019 to 2021, Luxury Pavilion has seen its customer base grow over 150% with sales increasing nearly 300%,” the company revealed.

Alibaba’s initiatives also come at a time when several luxury labels are already experimenting with the metaverse, which Janet Wang, head of Alibaba’s Tmall Luxury division, said the company has been ahead of before it even “became a buzzword.”

“So far, more than 100,000 consumers have visited our AR show online,” she told Retail Brew in an email. “We believe it’s critical for brands to interact with consumers multi-dimensionally through new digital technologies.”

Locked up, but online: And while the innovations have helped luxury brands in China keep up with—or in some cases, stay ahead of—digital trends, it has also been a critical strategy as China deals with near-constant lockdowns that have limited consumer access to physical retail.

Ground rules: Still, while digital strategies are integral to tapping into the Chinese market, brands that have been most successful under the Tmall umbrella have embraced a more omnichannel approach.

“Understanding the Chinese consumer and localization is key,” she told us. “And getting to know Chinese consumer behaviors and expectations can help brands plan their merchandising strategy and deliver the right level of customer service.”

Keep reading here.—JS

        

TOGETHER WITH IMPACT.COM

Do you know the modern consumer?

impact.com

We aren’t talkin’ about their favorite color or drink of choice (if you do know that stuff…we have questions). We’re talking about the modern-day consumer’s latest purchasing behaviors.

Shifting shopping habits have led to big changes in the retail industry—and retailers need to be up to speed.

For a comprehensive overview, impact.com teamed up with Power Retail to survey more than 1k online shoppers. They compiled their findings into a report that showcases pivotal data on shopper trust and channel efficacy, including how content creation protects consumer trust and which devices shoppers use (and prefer) to discover brands.

You’ll also discover how e-comm leaders Booktopia and LVLY drove revenue growth by acquiring the right partners for this new consumer climate.

See the results here and start aligning with the modern consumer.

        

SUSTAINABILITY

Old heights

Old heights Bally

To look at Bally’s spring/summer 2023 collection strutting down the runway last week in Milan, you might never guess that the brand’s past and present are both firmly rooted in the mountaineering world. After all, snakeskin cowboy boots and leather weekend bags don’t exactly scream “outdoorsy.” But in 2022, Bally will make good on a promise to return to its mountainous roots by completing a cleanup of the Himalayas’ highest peaks.

The Swiss fashion house, founded in 1851, is best known for its shoes and leather goods, but got its start with something a little more rugged. In 1953, Tenzing Norgay wore a pair of Bally reindeer fur boots when he achieved the first ascent of Mount Everest with Sir Edmund Hillary. Bally later designed custom shoes worn by climbers on the first ascent of Mount Lhotse, the world’s fourth-highest mountain.

Today, Bally is pursuing two worlds: the exclusivity of luxury fashion (a pair of Bally snow boots retails for $875) and the realities of high-altitude mountaineering (every one of the 600+ climbers who attempts to summit Everest each year leaves an average of 18 pounds of trash on the mountain).

In 2019, Bally announced its Peak Outlook Initiative, a program aimed at removing garbage from the world’s tallest peaks.

  • That year, a Bally-sponsored expedition removed more than a ton of waste from Everest, half of which was retrieved by climbers from the “Death Zone,” above 8,000 meters.
  • In 2020, the brand launched a nonprofit—the Peak Outlook Foundation—and pledged to sponsor cleanups of eight 8,000-meter peaks in the Himalayas by 2022.

Keep reading here.—MA

        

SWAPPING SKUS

Today’s top retail reads.

Tradewinds: The time between summer and fall is typically the busiest time of year for cargo ships, but carriers are reducing trips in response to waning demand. While two to four canceled trips per week is typical, around 40 scheduled sailings from Asia to the East and West Coasts of the US were called off for the two-week period starting October 3. (the Wall Street Journal)

Up and coming: A look inside Vermont’s “soft” rollout of recreational marijuana dispensaries, which opened this weekend in the Green Mountain State. But the road to opening weekend has been tumultuous, with some growers still waiting for licenses. (Fortune)

Building blocks: Danish toy maker Lego left Russia amid the country’s invasion of Ukraine, ending its contract with the Russian franchiser that owned and operated Lego stores. Inventive Retail Group said it’s replacing those stores with World of Cubes, which it says will still sell official Lego toys. (Reuters)

DTC retail brands need their own apps. They need apps in the same way sneakers need socks or coloring books need crayons. Download NewStore’s latest white paper for the 7 reasons why you need a consumer app to win at DTC retail.*

*This is sponsored advertising content.

EVENTS

Win tickets to The SKU!

Win tickets to The SKU!

Interested in networking and engaging with top retail brands? We’ve got you covered.

Just give us a quick update on what you’ve been up to in the world of retail and you’ll be entered to win a ticket to The SKU.

We almost forgot the best part: You don’t have to come alone. You’ll also get a second ticket to give to one of your colleagues.

Enter to Win 🎟

WHAT ELSE IS BREWING

  • Poshmark has a new owner: South Korean tech firm Naver Corp.
  • McDonalds appointed Disney executive Kareem Daniel to its board.
  • Ikea announced that home deliveries will be made by electric vehicle by 2025.
  • Shopbop, the Amazon-owned style platform, is expanding into beauty, hair, and skin care.
  • Spanx has a new CEO: CFO Kim Jones.

TIME MACHINE

What happened in the world of retail this week in…1872 and beyond? Retail Brew takes you way, way, way back.

  • On October 3, 1872, Bloomingdale’s first store opened in New York.
  • On October 3, 1899, John Thurman patented the first motor-driven vacuum cleaner.
  • On October 5, 2011, Apple co-founder Steve Jobs died. He was 56 years old.
  • On October 6, 1951, W.K. Kellogg Company founder Will Kellogg died.
  • On October 7, 1913, Ford debuted a moving assembly line in its Michigan car factory.

SHARE THE BREW

Share Retail Brew with your coworkers, acquire free Brew swag, and then make new friends as a result of your fresh Brew swag.

We’re saying we’ll give you free stuff and more friends if you share a link. One link.

Your referral count: 2

Click to Share

Or copy & paste your referral link to others:
morningbrew.com/retail/r/?kid=303a04a9

 

Written by Jeena Sharma and Maeve Allsup

Was this email forwarded to you? Sign up here.

WANT MORE BREW?

Industry news, with a sense of humor →

  • CFO Brew: your go-to source for global finance insights
  • Future Social: the Brew's take on the world of social media
  • Healthcare Brew: the comprehensive industry guide for administrators, medical professionals, and more
  • HR Brew: analysis of the employee-employer relationship
  • IT Brew: moving business forward; innovation analysis for the CTO, CIO & every IT pro in-between

Tips for smarter living →

Podcasts → Business Casual, Founder's Journal, Imposters, and The Money with Katie Show

YouTube

Accelerate Your Career with our Courses →

ADVERTISE // CAREERS // SHOP // FAQ

Update your email preferences or unsubscribe here.
View our privacy policy here.

Copyright © 2022 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Older messages

☕ Get the inside scoop

Tuesday, October 4, 2022

Rise of the internal podcast. October 04, 2022 Marketing Brew TOGETHER WITH Attest It's Tuesday. If you're redecorating, consider investing in Hidden Valley Ranch's home-decor line that

☕ Credit Sus

Tuesday, October 4, 2022

Ukraine rages against Elon... October 04, 2022 View Online | Sign Up | Shop Morning Brew TOGETHER WITH Blendid Good morning. Ever feel like time is being stolen from you? Well, if you were living on

☕ A whole new mallgame

Monday, October 3, 2022

Digital natives like Rowan could potentially replace classic mall brands. October 03, 2022 Retail Brew TOGETHER WITH Rosenthal & Rosenthal Welcome to the working week. Perhaps the only thing more

📚Bookworms

Monday, October 3, 2022

#BookTok is our best friend. October 03, 2022 | View Online | Sign Up Sidekick Logo TOGETHER WITH Catch Good afternoon, Sidekickers. LinkedIn quietly conducted social experiments on 20 million users

☕ Kardashian krackdown

Monday, October 3, 2022

October 03, 2022 Marketing Brew TOGETHER WITH impact.com Welcome to Monday. Serious question: How long do you think it would take Kim Kardashian to make $1.26 million from influencer deals alone? ICYMI

You Might Also Like

☕ Round and round

Friday, April 26, 2024

The controversy over school-bus wi-fi. April 26, 2024 Tech Brew PRESENTED BY NYSE It's Friday. It was a big week in connectivity news, and Tech Brew's Kelcee Griffis was on it. The headline

Harvey Weinstein, Net Neutrality, and Botanical Gardens

Friday, April 26, 2024

Facts, without motives. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The end of coral reefs as we know them

Friday, April 26, 2024

Plus: Net neutrality is back, child mortality is down, and more April 26, 2024 View in browser Good morning! If you enjoy snorkeling or scuba diving, you should go ASAP. Senior reporter Benji Jones

Numlock News: April 26, 2024 • Finches, IndyCar, Swift Books

Friday, April 26, 2024

By Walt Hickey Have a great weekend! Push-to-Pass In IndyCar racing, drivers get a budgeted amount of time where they can use extra power called “push-to-pass,” which is activated through a button on

☕ Armchair detectives

Friday, April 26, 2024

Why the economy's soft landing is in doubt... April 26, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY Delta American Express Good morning. TGIF (the correct pronunciation is T-JIFF).

Survey Results: PMS Symptoms

Friday, April 26, 2024

... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

City council audit trail is an audit fail after disastrous Oracle ERP rollout [Fri Apr 26 2024]

Friday, April 26, 2024

Hi The Register Subscriber | Log in The Register {* Daily Headlines *} 26 April 2024 Birmingham city hall City council audit trail is an audit fail after disastrous Oracle ERP rollout Europe's

Full-crime job

Friday, April 26, 2024

Lawyers for Trump argued before SCOTUS that the president has "total immunity" ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

All of My Friends Have These Sweatpant Jeans

Friday, April 26, 2024

Here's What You Missed on the Strategist The Strategist Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate commission. All of

🌈 Live a bold & bright life

Friday, April 26, 2024

Introducing our theme for May plus fun stuff to read, watch, and click on curated by CreativeMornings HQ. April 25, 2024 Open in new tab Did a friend forward this? Subscribe today! Speech bubble logo