technology, business Nicki Lange technology, business Nicki Lange

WHOOP RAISES USD 100 MILLION IN SERIES E FUNDING

Whoop has won over investors and quickly became commonplace in pro sports, with early fans including LeBron James and Michael Phelps, and recently raising a USD 100 million Series E at a USD 1.2 billion valuation. Whoop is a monthly subscription for 24/7 health monitoring across sleep, recovery and strain, including free hardware (Whoop Strap 3.0) and a coaching platform designed to optimize behavior.

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business, technology Nicki Lange business, technology Nicki Lange

DIGITAL FITNESS IS ON A RUN

Digital fitness is on a run, literally, as training at home becomes the new normal. Peloton’s Q4 earnings showed a 172% YoY jump in revenue, and its connected subscribers were up 113% YoY, Apple announced Fitness Plus, its new virtual fitness product, and Zwift, an indoor training app, reached unicorn status after a USD 450 million funding round.

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business, technology Nicki Lange business, technology Nicki Lange

QUICK COMMERCE – THE NEXT GENERATION OF E-COMMERCE

As the internet economy grows, so does the importance of last-mile delivery, which is the final step in the increasingly competitive and costly process of moving items to customers’ homes as quickly as possible. Quick commerce (“q-commerce”) offers significant growth potential expecting to reach a global market size of around Euro 448 billion by 2030.

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sports, technology Nicki Lange sports, technology Nicki Lange

THE WORLDS OF SPORTS, GAMING AND TECHNOLOGY JOIN FORCES

The world’s leading brands in sports, gaming and technology starting to come together to give players and fans a more connected experience. Emerging technology is changing the way we engage with sports and converts supporters into avid fans through unique digital experiences and hyper-personalized content. As more immersive experiences become available, sports are attracting more people to experience it live and in the virtual world.

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technology Nicki Lange technology Nicki Lange

APPLE’S RESEARCH APP AND HEALTHCARE AMBITIONS

Apple’s Research App will allow anyone to opt into research studies and may help the company cement its place in the health ecosystem in the long run. The new app is a part of Apple’s big push into healthcare. Researchers have made no secret that they see big opportunities to learn about human health through all the data being collected by technology devices, such as Apple’s iPhone or Apple Watch. But rather than doing one-off studies, which Apple has done in the past, the Research App allows the company to operate multiple studies at once for a variety of organizations.

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technology, business Nicki Lange technology, business Nicki Lange

GOOGLE ACQUIRES FITBIT FOR USD 2.1 BILLION

Google parent company Alphabet will buy Fitbit, putting the tech giant head-to-head with Apple in the fitness tracking and consumer health space. The deal values Fitbit around USD 2.1 billion at a fully diluted equity value.The acquisition makes a lot of sense as Google has spent years trying to break into the wearables market with its Wear OS platform, but it has struggled to make a real impact. Fitbit is offering Google an opportunity to invest even more in Wear OS as well as introduce Made by Google wearable devices into the market.

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business, technology Nicki Lange business, technology Nicki Lange

UNDERSTANDING THE EXPERIENCE ECONOMY AND THE DEMAND FOR THE ROAD LESS TRAVELED

Thanks to technology consumers are spoiled for choice and access at ease. As users create a lot of data points, it offers companies valuable insights to better understand their customers and improve future experiences, in turn boosting their image, client loyalty, and reputation for the brand. The key is to balance experience management with intelligent enterprise technology.

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fashion, technology Nicki Lange fashion, technology Nicki Lange

STREETWEAR CULTURE FUELS BILLION DOLAR SECONDARY MARKET

The online clothing resale market has expanded 21 times faster than regular retail since 2016 and it is expected to more than double in size reaching USD 41 billion in the next three years, according to a report by online reseller ThredUp. With revenue increasing, brands and retailers that previously disliked resellers profiting from their wares are forced to act and acquire these up and coming players, in order to play a role in this market.

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fashion, technology Nicki Lange fashion, technology Nicki Lange

FARFETCH ACQUIRED STADIUM GOODS FOR USD 250 MILLION

Farfetch announced that it is acquiring sneaker and streetwear marketplace Stadium Goods in a deal that values the business at USD 250 million. The London-based fashion e-commerce platform is aiming to extend its reach in the growing luxury sneakers and streetwear market, as millennials account for a growing percentage of luxury sales and competitors are engaged in a digital land grab.

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technology, fashion Nicki Lange technology, fashion Nicki Lange

THE BILLION-DOLLAR GREY MARKET IN WATCHES UPSETS BIG BRANDS

No one is immune to a bargain — not even those who can spend GBP 30,000 on a watch. At Watches of Switzerland, an authorised dealer, an Audemars Piguet Royal Oak automatic in rose gold sells for GBP 42,600, but the same watch is on offer at "grey market" website Chrono24 from US dealer Watch My Diamonds for USD 34,850 (GBP 27,227). It is impossible to ignore that the grey market is becoming a powerful force in the watch industry, which is worth USD 62.5bn, according to Euromonitor.

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technology, business, fashion Nicki Lange technology, business, fashion Nicki Lange

SNEAKER RESALE HEATS UP

After the announcement of LVMH Luxury Ventures investing into Stadium GoodsGOAT, the world’s leading digital sneaker marketplace, today released a public statement revealing a merger with sneaker consignment pioneer Flight Club. The merger brings together two leading brands in the sneaker space that combined, will deliver unparalleled mobile, web and retail shopping experiences. 

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technology, fashion Nicki Lange technology, fashion Nicki Lange

THE BIG BUSINESS OF SECOND-HAND CLOTHES

Depop was launched in 2011 when Simon Beckerman, an Italian entrepreneur, decided to make a new, hip online marketplace by creating an app that merged editorial and sales. He realised most of the decision-making in buying fashion was based on social references. So, his team designed the app with Instagram-style features, with “follow” and “like” buttons, comments and chat, already familiar to social media users.

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technology, fashion Nicki Lange technology, fashion Nicki Lange

WHAT DREW AMAZON, ALIBABA & CO. TO BRICKS-AND-MORTAR

The world’s online shopping giants are following smaller web retailers into what might appear to be the merchandising past. Amazon, Alibaba and most recently JD.com, are operating brick-and-mortar stores, joining companies such as the formerly web-only Warby Parker and Outdoor Voices and reoccurring pop-up events by the likes of Gymshark and Aday. Even Tencent, the Chinese games and social media giant, is doing deals in retail.

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technology Nicki Lange technology Nicki Lange

PERSONALIZATION IS KEY FOR RETAILERS AND E-COMMERCE ALIKE

Call it the brick-and-mortar versus e-commerce problem. However, merging the two offers an opportunity to create a truly personalised experience both online and offline, which is why personalization is a top priority for organizations in 2018. Research shows that nearly three out of four consumers responding to personalized offers, recommendations or experiences.

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