Fashion Friday: Fashion and Technology Companies: Competitors or Partners in the Wearables Market?

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Global sales of wearable electronics are expected to grow more than twofold to US$20 billion in 2016. Given this projected growth, companies beyond just consumer electronics brands are expected to jump on this bandwagon, particularly luxury fashion houses.  For example, Ralph Lauren is launching a smart sports top later this year with a smart bag expected to follow not long after.