Blog
Stylumia brings the latest blogs on Color AI, Retail AI, Fashion AI & Ecommerce AI with the help of data-driven insights
Science Of BEING WRONG LESS: Way To Extraordinary
| 4 min read“I take the position that I’m always to some degree wrong, and the aspiration is to be less wrong” – Elon Musk The difference between great brands and retailers and the good ones often is the “less wrong”, the great ones do. It is comparable to the champions in tennis who make fewer unforced errors. In tennis, an unforced error […]
Four Key Actions To Thrive In An Economic Downturn
| 5 min readI’ve heard there’s going to be a recession. I’ve decided not to participate.Walt Disney We are witnessing a lot of discussions, around Brexit in the UK, China’s economic slowdown, Germany’s recessionary trend, drop in India’s economic outcomes, to name a few. International Monetary Fund’s (IMF) chief Kristalina Georgieva recently said, “Global economy must be ready for a […]
Bhutan: Inspiring The World of Retail On Sustainability
| 3 min readStylumia‘s this edit looks at how Bhutan, one of the smallest countries in the world is inspiring on sustainability in the Retail world and helping the planet. What can any country, company, or individual learn from them? The government shall ensure that, in order to conserve the country’s natural resources and to prevent degradation of […]
Localized Assortment Or Lose: A Live Store Concept
| 4 min readWith inherent risks in the fashion business, considering lead times and constant change in demand patterns, it is not enough to forecast the trends better (design and make the right products), order the right quantities (predict the demand of unseen products) but also send them to the right stores in right quantities and at the right time. In the case of […]
Internet Trends 2019: China Setting A World Stage
| 4 min readThe internet is still very young – we don’t even know what it can do. What we have known before is probably just a beginning. When the internet can connect people’s brains, which is the most difficult part, it will be the beginning of a real internet. Wang Jian, Chief of Technology, Alibaba Group This edit […]
How To Make Your Company/Brand RECESSION-RESILIENT?
| 4 min readIn this edit, we look at global perspectives on a potential recessionary trend, what any fashion & lifestyle brand/company can do to be recession-resilient in these times. I’ve heard there’s going to be a recession. I’ve decided not to participate. Walt Disney You can not get motivated more by seeing news headlines in the last […]
Fashion’s Moneyball Moment: How Analytics Can Be Your Competitive Advantage?
| 4 min readThis edit draws a sports analogy and introduces an analytics maturity framework through which you can accelerate your journey to make analytics your competitive advantage. The Math Works. Over the course of a season, there is some predictability to baseball. When you play 162 games, you eliminate a lot of random outcomes. There is so […]
Markdown Optimization In Fashion To Avoid End Of Season Sale (EOSS)
| 4 min readIf you have read “The Goal“, by Eliyavu Goldratt, it starts off with this inquiry “What is the Goal of any Business?” and it is summed up as “So this is the goal: To make money by increasing net profit, while simultaneously increasing return on investment, and simultaneously increasing cash flow. With the Summer coming to end, merchandising teams […]
Move From Common Practice To Common Sense: Grow Profits By 5X
| 7 min readIn this edit, we will learn how to grow profits by 5x by moving from common practice to common sense. We are using Eliyahu’s approach to look at how a fashion business is conducted and come out with a theory for transformation. Fasten your seatbelts. Following are the list of questions asked by Eliyahu to […]
The True Environmental Cost Of Fashion: What Can We Do?
| 6 min readWith 80 billion items being manufactured every year and growing, the fashion industry is one of the top polluting industries in the world. We all have the responsibility to make the planet a better place to live for future generations. This edit looks at the status quo, what are the initiatives by brands and retailers and few actions […]
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