LOOKK – Signature9 http://198.46.88.49 Lifestyle Intelligence Thu, 01 Mar 2012 16:39:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.4 5 Facebook Timelines from Trendsetting Fashion Pages http://198.46.88.49/style/fashion/5-facebook-timelines-from-trendsetting-fashion-pages http://198.46.88.49/style/fashion/5-facebook-timelines-from-trendsetting-fashion-pages#comments Thu, 01 Mar 2012 16:19:17 +0000 http://198.46.88.49/?p=22088 Fashion brands were initially hesitant about social media, but the number of brands without a social presence is now dwarfed by those who’ve redoubled efforts towards gaining more fans and followers. So it shouldn’t come as too much of a surprise that Burberry, the first designer fashion brand to hit 10 million fans, has already taken advantage of the hours old Facebook timeline layout for their fan page.

A quick search shows that most brands are still attached to the old layout – and considering the speed at which fashion usually embraces anything new,  that’s not much of a surprise. They won’t have too long to cling to the familiar: on March 31st all pages will get the timeline treatment. Though the fact that Facebook is discouraging overt promotions or headlines in favor of photography and visuals should make fashion and design brands feel right at home.

In case you need a bit of inspiration, here are a few timelines from some of our favorite fashion early adopters.

Burberry

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Lookk Again: Why Net-a-Porter’s Biggest Investor Is Backing Demand Driven Fashion http://198.46.88.49/style/fashion/lookk-again-why-net-a-porters-biggest-investor-is-backing-demand-driven-fashion http://198.46.88.49/style/fashion/lookk-again-why-net-a-porters-biggest-investor-is-backing-demand-driven-fashion#respond Wed, 31 Aug 2011 22:54:28 +0000 http://198.46.88.49/?p=21135

When we first covered Garmz, the site was a place where anyone with a sketch and a bit of vision could see their idea actually put into production. Today, they’ve rebranded and relaunched as LOOKK, with backing from a few notable investors and an expanded offering for (slightly) more established designers. {Signature9 Mediawire}

One of the investors backing the demand driven production model that LOOKK offers is Carmen Busquets, one of Net-a-Porter’s earliest investors. Busquets’ bet on e-commerce as a place for luxury brands was so early, in fact, that she ended up with nearly one-third of the company by the time Richemont acquired it for £350 million (nearly $570 million at current exchange rates).

In a statement provided to Signature9, Busquets explains why she thinks LOOKK could be the next Net-a-Porter.

“LOOKK felt to me like the natural evolution for technology in fashion – something I wanted to explore following Net-a-Porter,” she said. “Its power is in its ability to help designers start and, crucially, sustain their fashion career – not only paying them a commission on their designs, but also covering production costs and helping them to market themselves.”

But it’s the opportunity to use votes and comments as indicators of future sales success that appeals to her as a matter of business.

“The detailed market data available through LOOKK means we can predict demand for pieces much more efficiently than with a traditional model,” Busquets explains. “This, coupled with shorter production cycles, means we can produce smaller, demand-driven, batches – significantly reducing waste, and therefore costs.”

When we first covered Garmz at LeWeb, we noted that funding and production are two areas designers can struggle with. As LOOKK, the site expands to designers who may be advanced enough to have samples and some knowledge beyond conceptualizing a product. Not that there’s anything wrong with concept – one of our favorite pieces was conceived by someone with no formal training at all – but it opens the process to a group that’s still largely unorganized when it comes to sales and marketing.

There are challenges to success for LOOKK though: while Net-a-Porter struggled to find receptive brands at the start, they have the benefit of promoting clothes from well known designers who have large sales and marketing machines behind them. For emerging designers, who don’t have the benefit of celebrity placement and million dollar advertising and publicity campaigns, LOOKK has to drive the sales and marketing machine online, but that’s tough enough with one brand – nevermind 5 or 6 (or more).

Plus, while being first isn’t easy, Net-a-Porter was essentially proposing a different channel for an existing model (they buy, and sell). Consumer feedback and voting, while exciting from a business perspective, doesn’t fit within the normal fashion cycle. It will likely require a few breakout hits before being fully embraced by aspiring designers who find it easier to understand a straightforward purchase order.

That said, the fact that LOOKK offers production and feedback is a significant incentive for designers, and a significant challenge to competitors. LOOKK could also grow to be an incubator of sorts for fashion –  think Y-Combinator or Seedcamp (which funded the company in 2010) – an area where there’s almost no competition, and an area that’s ripe for disruption.

Other investors include Dave McClure, a noted Silicon Valley angel who also founded incubator 500 startups, Kima Ventures and Eden Ventures among others.

Disclosure: I served as a marketing advisor to LOOKK prior to launch. This post was not submitted to or reviewed by LOOKK prior to publication, and solely represents the opinions of the author.

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