I had the pleasure of working with Joanna Williams, Founder of Since Tomorrow, some time ago when she was a director for Kenneth Cole and I was with Apparel Production, I have been following her LinkedIn updates closely for the past 3 years or so. She consistently provides daily macro analysis on the shifting consumer spending habits, particularly the impact of Shein, Temu, and TikTok on the fashion and retail industry.
For those who don’t have time to conduct their own research, follow her! Joanna’s updates offer a fresh perspective, highlighting how conventional fashion retail has undergone a seismic shift over the past five years due to mobile apps, while top fashion executives continue business as usual, especially ignoring content creators.
For me, it’s mind-boggling to see reports of TEMU spending $2 billion on Facebook ads in 2023 while losing $6 per order. How can other brands possibly compete?
Just last week, I came across Walmart’s latest predictions for 2025. The outlook is bleak, but one surprising insight stood out: their growth in the last quarter of 2024 came from consumers earning $100K or more, far from their typical customer base. This indicates that even affluent consumers are now seeking bargains.
When I read Joanna’s post yesterday: PREDICTIONS, which I'm quoting below for all to see, I felt compelled to share some thoughts based on her post and also quote some of her most impactful statements while adding some notes of my own:
"If you don't organize around real time trends + community you won't have a business in 3 years"
Most conventional fashion & retail brands still don’t grasp the importance of community building, even as it becomes increasingly crucial. What is community? How does a brand build one? How can one track performance? Well, in simple terms: Blockchain helps!
"Less ads, more loyalty"
As I mentioned in my previous post, the pay-per-click advertising model is broken. Companies like Temu are dominating the narrative for the mass market, their ads appear 20 times more often than those of established brands. Meanwhile, brands are failing to properly reward their loyal customers. How does one track loyal customers? How does a brand rewards them? see above: Blockchain helps!
"The Gatekeepers need to be removed asap"
In response to my last post, someone I don't know (that's the beauty of open source) asked a question on my post and my response was to research open source, I explained that it’s time to understand how it works. Interestingly, this person mentioned Allbirds' open-source program M0.0NSHOT Zero, which I hadn’t heard of before. So I had to research and after some research, I discovered just how incredible it is.
I first learned about open source while working in web3, where it’s a common practice in coding. In fact, I’m currently collaborating with Alejandro Adon aka Wasabi a talented web3 developer who’s building a decentralized community to empower farmers, and he’s made his code open source so that anyone can replicate it. This approach aligns with what Joanna said about the need to remove gatekeepers, it's time to think outside the box literally, pay attention to new technology and research alternative ways of doing things.
Here’s the link to Allbirds’ M0.0NSHOT Zero program. Scroll to the third headline, "Sharing The Secret Sauce", and you’ll find their Recipe B0.0K, a 26-page open-sourced toolkit detailing how they created a net-zero carbon shoe. It’s an open invitation to the industry to copy their approach because, as they put it, "when it comes to reversing climate change, copycats aren’t just welcome, they’re essential."
It’s time for many executives to go back to the drawing board and realize that how we got here isn’t how we move forward. There was a time, when there were no websites, now every brand has a website but no loyal community. Pay per click is not the way.
Sincerely,
@lawrenceroman
ps> the image in the headline is from the All Birds website.
Joanna's original post:
PREDICTION
There will be an explosion of people joining the creator economy this year to build their brands
We cut 172,017 jobs in Feb, the highest monthly total since the pandemic
It was also the largest # of Feb job cuts since 2009
What did the kids do last time they were bored in the house, in the house bored?
This time they have world building tools where they don't have to show their face
We all know the federal jobs loss # was 62,242
But did you know retail was nearly 40k?
36% of 25-34 year olds r prioritizing personal growth over job search
And in what I believe is a completely related data point:
Dropshipping UGC content is up 132%
A staggering 1.6M people creating videos
At 16.3B views, it feels like a trend
The #1 country is America of course b/c see above stats
If u don’t organize around real time trends + community u won’t have a business in 3 years
Soon she’ll clone herself & send her bots to make her movies
Btw, we are launching 5 creator TV shows next week in stealth :)
You've got to be a stock trader open 24/7/365 just like the Nasdaq reported they would be this morning
Yesterday someone remarked I’m like the guy from "The Big Short"
Veeery appropriate b/c I 100% believe corporate digital illiteracy will kill U.S. retail
Everyone in the middle will be squeezed out b/c Silicon Valley will fill the internet with synthetic content & data and charge taxes b/c they own the infrastructure
Three weeks ago, I had the opportunity to return to my alma mater, Fashion Institute of Technology, for the Digital Fashion Week NYC Symposium. Since discovering Web3 in mid-2021, I’ve prioritized attending digital fashion events to stay updated on the intersection of technology, fashion, and retail. This event was especially meaningful as it brought me back to FIT.
Over the past three years, I’ve conducted extensive research on this topic and gained significant insights. However, I’ve also observed resistance to adoption. That’s why hosting this event at a fashion university, open to both students and professionals, was so impactful, it brought together a diverse and engaged audience.
During the symposium, I realized that I was already familiar with most of the information being discussed, but it was valuable for validation and for hearing different perspectives. One key takeaway stood out to me: the European Union has enacted a law requiring all garments to have a Digital Product Passport (DPP).
I’ve had countless discussions with U.S. clients about integrating NFC chips in clothing, but no adoption. The fashion industry, often perceived as glamorous, operates on tight margins, us garmentos like to refer to this as a nickels and dimes business. Companies are always hesitant to invest and adopt new technology unless they can quantify a clear return on investment. This hesitation becomes even more counterproductive as the traditional pay-per-click (PPC) advertising model becomes increasingly unsustainable. When companies like TEMU spend a billion dollars annually on Facebook and Instagram ads, it drives up PPC costs for all brands, making it harder to compete.
Given these challenges, I see community building as the logical next step for brands to drive word-of-mouth awareness, making NFC-enabled clothing an obvious opportunity. That’s why the EU’s DPP initiative is exciting. While the target of the legislation is to promote supply chain transparency, for those who understand the technology potential, it offers even more. With the rise of secondhand clothing sales, the DPP can help track transactions, verify authenticity, and, when paired with NFTs, enable brands to airdrop discounts directly to consumers’ digital wallets.
Think about it, once an item is sold, brands typically lose direct interaction with the customer. But with a DPP and NFT integration, brands can not only track ownership changes but also provide incentives, creating a new level of engagement and value beyond the initial sale.
If you like to find out more, please feel free to reach out! @lawrenceroman
I had the pleasure of working with Joanna Williams, Founder of Since Tomorrow, some time ago when she was a director for Kenneth Cole and I was with Apparel Production, I have been following her LinkedIn updates closely for the past 3 years or so. She consistently provides daily macro analysis on the shifting consumer spending habits, particularly the impact of Shein, Temu, and TikTok on the fashion and retail industry.
For those who don’t have time to conduct their own research, follow her! Joanna’s updates offer a fresh perspective, highlighting how conventional fashion retail has undergone a seismic shift over the past five years due to mobile apps, while top fashion executives continue business as usual, especially ignoring content creators.
For me, it’s mind-boggling to see reports of TEMU spending $2 billion on Facebook ads in 2023 while losing $6 per order. How can other brands possibly compete?
Just last week, I came across Walmart’s latest predictions for 2025. The outlook is bleak, but one surprising insight stood out: their growth in the last quarter of 2024 came from consumers earning $100K or more, far from their typical customer base. This indicates that even affluent consumers are now seeking bargains.
When I read Joanna’s post yesterday: PREDICTIONS, which I'm quoting below for all to see, I felt compelled to share some thoughts based on her post and also quote some of her most impactful statements while adding some notes of my own:
"If you don't organize around real time trends + community you won't have a business in 3 years"
Most conventional fashion & retail brands still don’t grasp the importance of community building, even as it becomes increasingly crucial. What is community? How does a brand build one? How can one track performance? Well, in simple terms: Blockchain helps!
"Less ads, more loyalty"
As I mentioned in my previous post, the pay-per-click advertising model is broken. Companies like Temu are dominating the narrative for the mass market, their ads appear 20 times more often than those of established brands. Meanwhile, brands are failing to properly reward their loyal customers. How does one track loyal customers? How does a brand rewards them? see above: Blockchain helps!
"The Gatekeepers need to be removed asap"
In response to my last post, someone I don't know (that's the beauty of open source) asked a question on my post and my response was to research open source, I explained that it’s time to understand how it works. Interestingly, this person mentioned Allbirds' open-source program M0.0NSHOT Zero, which I hadn’t heard of before. So I had to research and after some research, I discovered just how incredible it is.
I first learned about open source while working in web3, where it’s a common practice in coding. In fact, I’m currently collaborating with Alejandro Adon aka Wasabi a talented web3 developer who’s building a decentralized community to empower farmers, and he’s made his code open source so that anyone can replicate it. This approach aligns with what Joanna said about the need to remove gatekeepers, it's time to think outside the box literally, pay attention to new technology and research alternative ways of doing things.
Here’s the link to Allbirds’ M0.0NSHOT Zero program. Scroll to the third headline, "Sharing The Secret Sauce", and you’ll find their Recipe B0.0K, a 26-page open-sourced toolkit detailing how they created a net-zero carbon shoe. It’s an open invitation to the industry to copy their approach because, as they put it, "when it comes to reversing climate change, copycats aren’t just welcome, they’re essential."
It’s time for many executives to go back to the drawing board and realize that how we got here isn’t how we move forward. There was a time, when there were no websites, now every brand has a website but no loyal community. Pay per click is not the way.
Sincerely,
@lawrenceroman
ps> the image in the headline is from the All Birds website.
Joanna's original post:
PREDICTION
There will be an explosion of people joining the creator economy this year to build their brands
We cut 172,017 jobs in Feb, the highest monthly total since the pandemic
It was also the largest # of Feb job cuts since 2009
What did the kids do last time they were bored in the house, in the house bored?
This time they have world building tools where they don't have to show their face
We all know the federal jobs loss # was 62,242
But did you know retail was nearly 40k?
36% of 25-34 year olds r prioritizing personal growth over job search
And in what I believe is a completely related data point:
Dropshipping UGC content is up 132%
A staggering 1.6M people creating videos
At 16.3B views, it feels like a trend
The #1 country is America of course b/c see above stats
If u don’t organize around real time trends + community u won’t have a business in 3 years
Soon she’ll clone herself & send her bots to make her movies
Btw, we are launching 5 creator TV shows next week in stealth :)
You've got to be a stock trader open 24/7/365 just like the Nasdaq reported they would be this morning
Yesterday someone remarked I’m like the guy from "The Big Short"
Veeery appropriate b/c I 100% believe corporate digital illiteracy will kill U.S. retail
Everyone in the middle will be squeezed out b/c Silicon Valley will fill the internet with synthetic content & data and charge taxes b/c they own the infrastructure
Three weeks ago, I had the opportunity to return to my alma mater, Fashion Institute of Technology, for the Digital Fashion Week NYC Symposium. Since discovering Web3 in mid-2021, I’ve prioritized attending digital fashion events to stay updated on the intersection of technology, fashion, and retail. This event was especially meaningful as it brought me back to FIT.
Over the past three years, I’ve conducted extensive research on this topic and gained significant insights. However, I’ve also observed resistance to adoption. That’s why hosting this event at a fashion university, open to both students and professionals, was so impactful, it brought together a diverse and engaged audience.
During the symposium, I realized that I was already familiar with most of the information being discussed, but it was valuable for validation and for hearing different perspectives. One key takeaway stood out to me: the European Union has enacted a law requiring all garments to have a Digital Product Passport (DPP).
I’ve had countless discussions with U.S. clients about integrating NFC chips in clothing, but no adoption. The fashion industry, often perceived as glamorous, operates on tight margins, us garmentos like to refer to this as a nickels and dimes business. Companies are always hesitant to invest and adopt new technology unless they can quantify a clear return on investment. This hesitation becomes even more counterproductive as the traditional pay-per-click (PPC) advertising model becomes increasingly unsustainable. When companies like TEMU spend a billion dollars annually on Facebook and Instagram ads, it drives up PPC costs for all brands, making it harder to compete.
Given these challenges, I see community building as the logical next step for brands to drive word-of-mouth awareness, making NFC-enabled clothing an obvious opportunity. That’s why the EU’s DPP initiative is exciting. While the target of the legislation is to promote supply chain transparency, for those who understand the technology potential, it offers even more. With the rise of secondhand clothing sales, the DPP can help track transactions, verify authenticity, and, when paired with NFTs, enable brands to airdrop discounts directly to consumers’ digital wallets.
Think about it, once an item is sold, brands typically lose direct interaction with the customer. But with a DPP and NFT integration, brands can not only track ownership changes but also provide incentives, creating a new level of engagement and value beyond the initial sale.
If you like to find out more, please feel free to reach out! @lawrenceroman
Digital Fashion Week takes place across major fashion cities in parallel with traditional fashion weeks, serving as a lens into the future of fashion. It merges thought leadership, innovation, and creativity, redefining the fashion industry by eliminating barriers between the runway and the audience. By integrating cutting-edge Web 3.0 technology with top independent designers, Digital Fashion Week creates immersive phygital experiences, blending IRL and URL interactions.
10:00 AM - Doors Open
10:30 AM - Welcome
11:00 AM - 11:30 AM - Future-Proofing Industry: Partnering with Educators for Next-Gen Innovators
11:45 AM - Fashion Across the Gaming Spectrum (Moderator: CJ Yeh, FIT)
12:30 PM - Building Your Fashion Business in Gaming (Workshop)
1:15 PM - Unlocking the Future: The Digital Product Passport Advantage
2:00 PM - 1-Click Digital Product Passports
2:45 PM - What Retail Customers Want: Engagement
3:30 PM - Best Practices for Digital Product Pricing
4:15 PM - Retail Success Begins at Design Conception
One crucial discussion centered on the gap in adoption between large and small brands. While major brands can invest in dedicated innovation teams, smaller brands often struggle due to budget constraints.
The Digital Product Passport (DPP) is a European Union regulation under the Ecodesign for Sustainable Products Regulation (ESPR), requiring a digital record for products sold in the EU.
Provides data on a product’s environmental impact, materials, and manufacturing
Helps consumers make informed, sustainable choices
Encourages ethical and eco-friendly product development
Companies must provide a DPP for all EU-sold products
The DPP must be accurate, complete, and up-to-date
It must be machine-readable (e.g., QR code) and linked to a unique product ID
Information must cover durability, reusability, and repairability
Fashion brands
Textile manufacturers
Companies selling in the EU, including those based in the U.S.
Enhances transparency and sustainability
Supports ethical production and consumer awareness
Differentiates brands in competitive retail markets
Digital Fashion Week takes place across major fashion cities in parallel with traditional fashion weeks, serving as a lens into the future of fashion. It merges thought leadership, innovation, and creativity, redefining the fashion industry by eliminating barriers between the runway and the audience. By integrating cutting-edge Web 3.0 technology with top independent designers, Digital Fashion Week creates immersive phygital experiences, blending IRL and URL interactions.
10:00 AM - Doors Open
10:30 AM - Welcome
11:00 AM - 11:30 AM - Future-Proofing Industry: Partnering with Educators for Next-Gen Innovators
11:45 AM - Fashion Across the Gaming Spectrum (Moderator: CJ Yeh, FIT)
12:30 PM - Building Your Fashion Business in Gaming (Workshop)
1:15 PM - Unlocking the Future: The Digital Product Passport Advantage
2:00 PM - 1-Click Digital Product Passports
2:45 PM - What Retail Customers Want: Engagement
3:30 PM - Best Practices for Digital Product Pricing
4:15 PM - Retail Success Begins at Design Conception
One crucial discussion centered on the gap in adoption between large and small brands. While major brands can invest in dedicated innovation teams, smaller brands often struggle due to budget constraints.
The Digital Product Passport (DPP) is a European Union regulation under the Ecodesign for Sustainable Products Regulation (ESPR), requiring a digital record for products sold in the EU.
Provides data on a product’s environmental impact, materials, and manufacturing
Helps consumers make informed, sustainable choices
Encourages ethical and eco-friendly product development
Companies must provide a DPP for all EU-sold products
The DPP must be accurate, complete, and up-to-date
It must be machine-readable (e.g., QR code) and linked to a unique product ID
Information must cover durability, reusability, and repairability
Fashion brands
Textile manufacturers
Companies selling in the EU, including those based in the U.S.
Enhances transparency and sustainability
Supports ethical production and consumer awareness
Differentiates brands in competitive retail markets
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