News 09.07.2020

Need to Know

Yeezy’s 3D-enhanced digital shopping experience, a fintech start-up rewarding followers over credit ratings, and UK shoppers face e-commerce frustration.

Yeezy’s immersive site upends digital storefronts

Yeezy Supply Website by Kanye West and Nick Knight

Global – Kanye West has collaborated with Nick Knight on an immersive retail environment for Yeezy Supply.

The site features waiting rooms for the latest product drops, alongside real-life models who try on outfits for browsing customers. While many existing 3D models on e-commerce platforms have limited functionality, the Yeezy site allows customers to experiment with styling and even explore the back stories of the models. The aesthetic approach toys with Netstalgia, featuring oversized, layered images and eschewing black and white tones.

‘There is something interesting in the idea of having clothes that have personality because of who’s been wearing them,’ explains Knight. ‘[Kanye] wanted the site to feel beautiful in its simplicity, so he asked me to create a site that had no words on it, because we are not all English-speaking, or we’re not all based in America or Europe.’

With consumers increasingly shifting their fashion discovery to online environments, retailers are innovating with visual-first Digital Store Fronts.

A virtual showroom for African fashion

Digital Showroom by Industrie Africa, Africa Digital Showroom by Industrie Africa, Africa
Digital Showroom by Industrie Africa, Africa Digital Showroom by Industrie Africa, Africa

Africa – Industrie Africa's innovative digital retail platform highlights the talent behind African fashion design.

Taking a 360-degree approach, the site brings together a combination of commerce, content and connectivity, and provides direct access to a range of established and emerging African designers. Focusing on the diversity of design and inspirations from the continent, shoppers can browse by region, style and craftsmanship, as well as uncovering the stories of more than 80 brands from 24 African countries.

‘There’s been a seismic shift in the way African fashion is being seen around the world and we just happened to be on the cusp of that,’ explains Nisha Kanabar, founder of Industrie Africa. ‘We really want to continue to disrupt the traditional world view surrounding what it means to be an African designer, shop African, or have an African identity.’

The African Fashion Market continues to innovate in response to the rise of e-commerce, with digital platforms and garment innovations amplifying its varied fashion sector.

A credit card for online content creators

Global – Karat is a new fintech start-up aimed at building a better banking experience for the creators who make a living on online platforms like YouTube, Instagram and Twitch.

The start-up has launched the Karat Black Card, which provides content creators with a dedicated card for business expenses. Unlike traditional banks, Karat doesn't look at credit scores when assessing a potential customer but instead the size of a creator’s following and their current revenue. When creators are approved, they’re entitled to a £196 ($250, €218) bonus that can be applied to future purchases of electronics or equipment.

For now, the card is only aimed at content creators with a significant following – at least 100,000 people. Eric Wei, co-founder of Karat, said: ‘It’s not just the number of followers you have, but which platforms. I would rather have 100,000 subscribers on YouTube than one million on TikTok, because on TikTok it’s all algorithmically driven.’

As we explore in Consumer 2020, institution-less consumers are increasingly challenging existing financial systems.

Karat

Stat: UK shoppers habitually abandon digital baskets

Obsess Obsess

According to new research by Klarna and BigCommerce, 38% of UK shoppers discard online shopping baskets at least once a week.

While many consumers have shown a willingness to make online purchases – in particular during Covid-19 – the pain points around digital checkouts mean people often back out of buying decisions. Some 54% said delivery frustrations have led them not to go through with a purchase, while 33% felt the functionality of mobile websites was the key reason for abandoning their baskets.

Jim Herbert, EMEA general manager at BigCommerce, said: ‘Every abandonment represents a dent in the retailer’s revenues and potentially a sale lost to a competitor, making it incredibly important to consider every aspect of the shopping experience – from security and website speed to the power of personalisation – across all channels where customers engage.’

In Subconscious Commerce, we explore the importance of convenience in a retail landscape where consumers are always on.

Previous News Articles
Nothing unveils new earbuds with ChatGPT Integration

News

Nothing unveils new earbuds with ChatGPT Integration

ChatGPT is coming to Nothing’s wireless earbuds with the launch of Nothing Ear and Nothing Ear (a), a pioneering pair of wearable AI devices.
Technology : Pop-culture & Media : Design
Lush debuts cold water soother Epsom salt cube for post-marathon recovery

News

Lush debuts cold water soother Epsom salt cube for post-marathon recovery

Fresh handmade cosmetics company Lush is extending a soothing hand to participants inthe 2024 London Marathon, offering them a much-needed remedy f...
Beauty : Health & Wellness : Society
Alpine Bio reinvents dairy industry with animal-free cheese innovation

News

Alpine Bio reinvents dairy industry with animal-free cheese innovation

Alpine Bio, formerly known as Nobell Foods, has undergone a rebranding as it ramps up efforts to produce animal-free cheese using soy-derived casei...
Sustainability : Food & Drink : Technology
Stat: Climate change causes a health hazard for workers globally

News

Stat: Climate change causes a health hazard for workers globally

As the climate emergency escalates, the labour organisation of the United Nations studied its impact on the global workforce.
Sustainability : Health & Wellness : Society
Decoding the North American beauty market with BeautyMatter and British Beauty Council

News

Decoding the North American beauty market with BeautyMatter and British Beauty Council

BeautyMatter and the British Beauty Council brought together industry experts and brand representatives for an event exploring the key to success i...
Beauty : Advertising & Branding : Retail
Thérapie launches non-invasive body care treatment

News

Thérapie launches non-invasive body care treatment

Aesthetic clinic Thérapie has launched a new non-invasive bodycare treatment, Core to Floor.
Technology : Health & Wellness : Beauty
Foresight Friday: Marta Indeka, senior foresight analyst

News

Foresight Friday: Marta Indeka, senior foresight analyst

Every Friday, The Future Laboratory team offers an end-of-week wrap-up of the topics, issues, ideas and virals we’re all talking about. This week, ...
Society : Pop-culture & Media : Technology
Stat: TikTok leads global in-app earnings with record-breaking revenue

News

Stat: TikTok leads global in-app earnings with record-breaking revenue

Despite facing regulatory challenges in several countries, TikTok emerged as the top-earning app globally.
Technology : Pop-culture & Media : Society
Gaggl brings nostalgic tv programmes to Gen Z via content creator streams

News

Gaggl brings nostalgic tv programmes to Gen Z via content creator streams

Launched in April 2024, Gaggl is a new platform that licenses and distributes tv shows to content creators for communal viewing on social media.
Youth : Pop-culture & Media : Society
Technogym exhibition marks 40 years of innovation at Milan Design Week

News

Technogym exhibition marks 40 years of innovation at Milan Design Week

Technogym, the gym equipment and home fitness brand, commemorated four decades of innovation with a showcase exhibition at Milan Design Week 2024.
Milan Design Week 2024 : Technogym : Fitness
You have 2 free News articles remaining. Sign up to LS:N Global to get unlimited access to all articles.
BECOME A MEMBER
SIGN IN

What do we use cookies for?

We use cookies to enable the use of our platform’s paid features and to analyse our traffic. No personal data, including your IP address, is stored and we do not sell data to third parties.

Learn more