How Luxury Retail Can Become a Tech Accelerator

ADINA-LAURA ACHIM | January 15, 2020

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In the past, technology and luxury rarely mixed. High-tech culture has a futuristic connotation, while luxury has always had a reputation for being conservative and traditional, but today, revolutionary luxury conglomerates like LVMH and Kering have reconsidered their approach to tech and are now revolutionizing the market. This has helped transform a dormant industry by making it an accelerator for sustainability  something that supporting not only business profitability but also important social goals. Over the last few years, sustainability in business practices have become part of the bottom line, and programs connecting fashion-tech startups and luxury retailers are now the new norm. The New York Fashion Tech Lab, for instance, is a program that links a handpicked group of women-led, b2b, fashion-focused tech businesses with leading fashion companies. This is not the only initiative of its kind and is a reflection of our times. L’Oréal entered into a strategic partnership with the digital accelerator and incubator Founders Factory, Kering chose to work with tech investor Plug and Play, and LVMH and Farfetch have each created their own labs.

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Ace Hardware Corporation

Ace has been named a Top Workplace in Chicago & we’re looking for the best people to help us fulfill our vision of being the best, most helpful hardware stores on the planet. We’re focused on the future, looking for new & better ways to compete in today’s marketplace. At Ace, we like to say that we have a soft heart, a steel spine — & we like to win. People are the foundation of what makes Ace great, & we’re always looking for ways to improve the employment experience for Ace team members. What we can promise you is that you will gain a sense of accountability & ownership by working hard to build Ace’s continued success, & your own. You’ll enjoy a competitive, fast-paced and friendly work environment. And, you’ll take pride in serving our Ace retail stores & their customers in neighborhoods across the country and around the world.

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Spotlight

Ace Hardware Corporation

Ace has been named a Top Workplace in Chicago & we’re looking for the best people to help us fulfill our vision of being the best, most helpful hardware stores on the planet. We’re focused on the future, looking for new & better ways to compete in today’s marketplace. At Ace, we like to say that we have a soft heart, a steel spine — & we like to win. People are the foundation of what makes Ace great, & we’re always looking for ways to improve the employment experience for Ace team members. What we can promise you is that you will gain a sense of accountability & ownership by working hard to build Ace’s continued success, & your own. You’ll enjoy a competitive, fast-paced and friendly work environment. And, you’ll take pride in serving our Ace retail stores & their customers in neighborhoods across the country and around the world.

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