One of our favorite trend reports of the year has been released. Mary Meeker's report covers the internet in its entirety - extending beyond digital commerce. But, as it is where our stores reside, we anticipate and devour the broader market information that Ms Meeker provides. A few takeaways:Read More
The most anticipated slide deck of the year for ecommerce retailers is here. Our key takeaways:
Here are some of our takeaways:
Global smartphone growth is slowing: Smartphone shipments grew 3 percent year over year last year, versus 10 percent the year before.
Voice is beginning to replace typing in online queries. Twenty percent of mobile queries were made via voice in 2016, while accuracy is now about 95 percent.
China remains a fascinating market, with huge growth in mobile services and payments and services like on-demand bike sharing.
While internet growth is slowing globally, that’s not the case in India, the fastest growing large economy. The number of internet users in India grew more than 28 percent in 2016. That’s only 27 percent online penetration, which means there’s lots of room for internet usership to grow. Mobile internet usage is growing as the cost of bandwidth declines.
Wearables are gaining adoption with about 25 percent of Americans owning one, up 12 percent from 2016. Leading tech brands are well-positioned in the digital health market, with 60 percent of consumers willing to share their health data with the likes of Google in 2016.
All 300+ slides are here: 2017 Internet Trends Report
Moral licensing is a term commonly used in social psychology and marketing, referring to the unconscious way in which we are less conscious of immoral behavior, after acting in a moral way. For example in one study where customers viewed a 40-second video praising their actions, 33.3 percent of those customers bought eco-friendly batteries. Those who saw a similar video, this time praising the company's efforts, purchased the eco-friendly batteries 69.6 percent of the time.
Moral licensing has growing significance in the retail industry today, as more brands focus on sustainable and corporate social responsibility marketing. Maryam Kouchaki and Ata Jami reported for Harvard Business Review that corporate philanthropy reached $18.5 billion in 2015, and cause-related marketing increased to about $2 billion in 2016. In the short-term, if brands and retailers want to effect altruistic consumer behavior, we will use messaging that asks for a commitment to a cause, rather than praising customers for their dedication.
Want to learn more about moral licensing?
That's a wrap for this year's #MustHave16 Design Competition, hosted by Art of Fashion.
The competition is demanding of the emerging fashion designers who participate. They are required to submit a sketch and a sample. In addition, they must go through the 5 phases of starting a brand: including building a social following and marketing strategy, working with retailers to ensure their design meet customer's needs, and selling their design in-store.
"It is a challenging competition, but it is a challenging market for emerging designers", says Jennifer Pilkington, Managing Director of Retail Assembly, who is a competition sponsor. "The hard work pays off, as the designers have a real world toolbox at the end of the competition."
This year the competition offered mentorship and feedback from a variety of industry experts including Laura-Jean Bernhardson, CEO of multi-store retailer Fresh Collective, Elle Bulger of Pinch Social, Jennifer Powell of Hart and Galla, and Donna Bishop, founder of Green Beauty and FGI Board Member.
Browse the video playlist below and congratulate our winner Bulgun Puteeva of Bulia.
Addressing how they are supporting Bangladesh development, H&M produced a fairly well-rounded video. With all of the coverage on the much needed improvements to working conditions, the economic and developmental impact is often left untouched. It is this development and international investment in the country which is why organizations should continue to push for improvement in the lives of their workers.
It is a one-sided perspective, but it includes a variety of initiatives:
- Wage growth
- Skills training and upgrades
- Improved employee - management relations
What is missing, but perhaps not within the context of this video, is the environmental working conditions - exposure to toxic materials, chronic pain and ergonomic initiatives, etc. But overall, it was nice to see an organization addressing specific measures in a fuller way - not simply speaking about the cheque they cut in light of the tragedies.