Daily Newsletter

18 August 2023

Daily Newsletter

18 August 2023

Gucci enters digital partnership with Chinese retailer JD.com

The partnership will also see the launch of the Italian luxury brand’s online flagship store on the platform.

Soumya Sharma August 17 2023

Italian luxury fashion brand Gucci has entered into a digital partnership with China's e-commerce retailer JD.com, also known as Jingdong.

The collaboration will mark a milestone with the opening of a new digital flagship store on the e-commerce retailer’s platform.

It also highlights the two partners' commitment to technological innovation. Both the companies will leverage their respective experience and technological strengths to better cater to their customers.

JD.com provides digital solutions to meet the various requirements customised for the luxury industry, including the development of diversified models and use of its advanced supply chain capabilities and open ecosystem.

Meanwhile, Gucci will improve shopping experiences as per the preferences of JD.com's customer base and build novel approaches to digital marketing.

Gucci's official flagship store on JD.com will offer a selection of gifts during the upcoming Chinese Valentine's Day on 22 August.

The flagship store will offer new-season, ready-to-wear, handbags, travel, shoes, jewellery, watches and accessories.

Customers can also avail Gucci brand services within a secure digital ecosystem.

In addition, shoppers will have access to the brand’s online client advisor service prior to ordering their desired products.

JD.com, a premier online destination for luxury brands, serves around 600 million customers.

Separately, the retailer reported a strong performance for the second quarter both financially and operationally.

It posted net revenues of $39.7bn (288.03bn yuan) for the second quarter of 2023. Net income attributable to the company's ordinary shareholders for the quarter was $0.9bn.

Generative AI well positioned to have a lasting impact on the retail and apparel industries

Generative AI can enhance engagement through customer service interfaces, protect retailers against fraud and cyberattacks, and improve purchasing journeys through personalized product recommendations and inspiration based on shopping and browsing patterns. When adopting generative AI, retailers must also ensure that consumers are provided with accurate and up to date information to ensure better purchasing decisions. The challenges faced by generative AI in retail and apparel theme are bias, hallucinations, privacy, misinformation, and copyright. Enterprises are concerned about data leakage as well.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close