Sarah A l l en + Ben Ch oe + Ca roline Moore
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market week /ˈmärkət wēk/
a time period in which wholesale clothing buyers travel to a particular location to attend showroom appointments and plan their purchases for an entire season.
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On The G ro u n d Alexander Wang (NYFW Sept.) M5 Showroom (Market Week Jan.) Facilitated 150+ domestic and international wholesale appointments. Managed Alexander Wang Ready-ToWear, T By Alexander Wang, Stone Island, Herno, President’s, and more. 3 Š | Privileged and Confidential. All rights reserved. |
“The success of our collection is fully determined during market week.” Robert Holden Director of Sales, Alexander Wang
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T h e Pr o b l e m s Pre
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During
Po s t
T h e Pr o b l e m :
P re Brands and retailers are blind to each other’s wants/needs prior to showroom appointments.
6 Š | Privileged and Confidential. All rights reserved. |
T h e Pr o b l e m :
During Appointment time is wasted on revisiting and collecting new information in old ways.
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T h e Pr o b l e m :
Post Data collected from market week is underutilized.
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T h e So l u t i o n Empowering multi-brand showrooms and wholesale buying merchants by centralizing essential showroom tasks and information into a single app.
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T h e So l u t i o n s Pre
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During
Po s t
T h e So l u t i o n :
P re After scheduling an appointment, IN/LINE generates a pre-buy synopsis as a tool to curate appointments for buyers.
Benefit A mutual understanding of appointment goals prior to walking into a showroom.
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T h e So l u t i o n :
P re After scheduling an appointment, IN/LINE generates a pre-buy synopsis as a tool to curate appointments for buyers.
Benefit A mutual understanding of appointment goals prior to walking into a showroom.
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T h e So l u t i o n :
P re After scheduling an appointment, IN/LINE generates a pre-buy synopsis as a tool to curate appointments for buyers.
Benefit A mutual understanding of appointment goals prior to walking into a showroom.
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T h e So l u t i o n :
P re After scheduling an appointment, IN/LINE generates a pre-buy synopsis as a tool to curate appointments for buyers.
Benefit A mutual understanding of appointment goals prior to walking into a showroom.
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T h e So l u t i o n :
During A live dashboard that centralizes all essential information to allow sales reps to focus on their buyers.
Benefit More time for retailers to focus on the showroom and sales teams to cultivate personal relationships. Š | Privileged and Confidential. All rights reserved. |
T h e So l u t i o n :
During A live dashboard that centralizes all essential information to allow sales reps to focus on their buyers.
Benefit More time for retailers to focus on the showroom and sales teams to cultivate personal relationships. Š | Privileged and Confidential. All rights reserved. |
T h e So l u t i o n :
During A live dashboard that centralizes all essential information to allow sales reps to focus on their buyers.
Benefit More time for retailers to focus on the showroom and sales teams to cultivate personal relationships. Š | Privileged and Confidential. All rights reserved. |
T h e So l u t i o n :
During A live dashboard that centralizes all essential information to allow sales reps to focus on their buyers.
Benefit More time for retailers to focus on the showroom and sales teams to cultivate personal relationships. Š | Privileged and Confidential. All rights reserved. |
T h e So l u t i o n :
Post A visual catalogue of performance data and insights from previous market weeks.
Benefit More informed purchases and influence on future collections by data-driven suggestions.
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T h e So l u t i o n :
Post A visual catalogue of performance data and insights from previous market weeks.
Benefit More informed purchases and influence on future collections by data-driven suggestions.
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F e a t u re L i st B ra n d s
Re t a i l e rs
Buying • Pre-Buy Synopsis • Smart Tag Scanning • Market Catalogue • Custom Line Sheets • Appointment & Scheduling Dashboard • Proposal Confirmation
Buying • Appointment Scheduling • Webrooming (3D & AR) • In-App Photo Gallery
Forecasting • XLS Import • Live Market Stats
Forecasting • XLS Import • Live Budgeting • Retail & Brand Analytics Dashboard 21
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M a r ke t S i ze Economic Profit: Opportunity costs vs. Revenues earned Total US Market Dec 2015 = $359B The McKinsey Global Fashion Index forecasts industry sales growth to nearly triple between 2016 and 2018, from 1.5 percent to between 3.5 to 4.5 percent. Source: McKinsey Global Fashion Index 2016
220
165
2X
110
55
0
2004
2006
2008
2010
2012
2014
2016
Economic Profit 22 Š | Privileged and Confidential. All rights reserved. |
M a r ke t Va l i d a t i o n - US wholesale apparel market cap is $120 (1/3 of US apparel market)
Economic Impact Economic Impact of of Fashion Weeks
Fashion Weeks in 2016
New York New York
$603mm $378mm
Billion
- Top 10 fashion weeks collectively generate $1.5
Billion
London London
$86mm
Berlin Berlin
$79mm
Sao Paulo Sao Paulo
$77mm
Paris Paris
$75mm
Sydney Sydney
$68mm
Istanbul Istanbul
$60mm
Milan Milan
$32mm
Amsterdam Amsterdam 23
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In 2016, one fifth of all fashion companies generated 144% of the industry’s economic profit. 100% 100%
100%
144%
18% -18%
3% -47%
Fashion companies’ contribution to industry economic profit in % (2005-2015 vs 2016) Source: McKinsey Global Fashion Index 2018
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$50 billion is wasted on dead inventory in the US retail industry, annually.
Source: Business of Fashion
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“Brands know what sells the best, so we’re taking ownership in wholesale now and partnering with (retailers) in a very different kind of way.” Tory Burch CEO & Founder, Tory Burch Inc
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Re s e a rc h “Even with Joor, wholesale purchasing remains a manual industry built on an antiquated, non-visual system.” Kristin Savilia CEO, JOOR Access “Wholesale is purely a volume play.” Benjamin Massing CEO, Projec.tc “A sales rep should focus on cultivating relationships during showroom appointments, not writing down SKUs.” Genevieve Kunst CEO, fashionTrade
Genevieve Kunst Bernard Coulombel
Kristin Savilia
CEO, fashionTrade
CEO, Le New Black
CEO, JOOR Access
Bob Schwartz
Robert Holden
Dustin Lewis
Founder, Nordstrom.com
Director of Sales, A.Wang
Sales Exec, M5 Showroom
Stefano Larese
Lisa Hickey
Jaclyn King
CEO, The Hive Showroom
CEO, Showroom Delfina
Buyer, Barneys
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C o m p e t i t i ve La n d s c a p e in-person
IN/LINE
luxury fashion
mainstream fashion
e-commerce Š | Privileged and Confidential. All rights reserved. |
C o m p e t i t i ve La n d s c a p e IN/LINE Showroom Application Luxury Fashion
Data Insights Wholesale E-Marketplace
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Business Model
Subscription Membership Emerging Luxury Brands & Multi-Brand Showrooms
Tiered Benefits Limited # of Users, Appointments and Labels
Premium Features Smart Tagging AI Data-Insights Collaborative Photo Gallery
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Ti m e l i n e
Development
Demos & Outreach
Trials & Partnerships
Beta testing with M5 Showroom in April.
Trial partnership confirmed with M5
Product Licensing Market Week
Alpha testing 3D
Showroom. In talks with
Implementation
Webrooming.
Global Brand Group.
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T h e Te a m
Caroline Moore
Sarah Allen
Ben Choe
CTO
CPO
CEO
USC BS/BA ‘19
USC IYA ‘18
USC IYA ‘18
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Thank you
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