May
 02
 2017



Ulrike

Hello

As the fashion market is evolving at a head-spinning pace, we are working tirelessly to keep you informed on the latest global developments in this fascinating industry. Today’s focus is on the ever changing retail landscape, which seems to be reaching a historic tipping point. While retailers continue to close stores, brands are scrambling to redefine their business models. Enjoy the read!



retail

The US retail landscape is reshaping at a record pace. Continuous overbuilding and the rise of eCommerce are coming to a head as the US retail landscape is reaching a historic tipping point .



Those structural changes in US retail are already affecting the American job market. Since October, about 90,000 jobs at general merchandise stores have disappeared in the US. And the dying malls in the US might just be the tip of the iceberg as foreign retailers start facing similar issues .



Equity research company Wedbush sees up to a $1 billion revenue opportunity for off-price just from JC Penney's and Macy’s 2017 store closures. Of the roughly $1.6 billion of sales freed up from the JC Penney’s and Macy’s store closures, Wedbush believes off-price retailers could capture up to $1 billion over the next 12 months, based on locations within 30 miles of the named store closings.





brands

JAB Holdings is looking to sell its luxury investments. To concentrate on its core businesses such as coffee and food chains, British JAB Holdings is actively looking for a buyer for luxury shoe maker Jimmy Choo and might also consider selling Swiss footwear and accessory company Bally International . So far, there have not been any offers .



New name for Ivanka. Amidst the controversy about the business deals of the Trump Organization New York City-based apparel manufacturer G-III Apparel Group has renamed selected items from its Ivanka Trump fashion line as Adrienne Vittadini. Ivanka Trump's licensee then sold the merchandise to the apparel discounter Stein Mart. Since February, several US retailers have delisted Ivanka Trump merchandise.





people

A stream of top managers has left struggling US discounter Sears Holdings Corporation, which also owns the Kmart brand. The latest departure is CFO Jason Hollar , who moved on "to pursue another career opportunity". Im mid-March, Kmart's President and Chief Member Officer Alasdair James left the company, after Joelle Maher, President and Chief Member Officer at Sears, and Senior Vice President Jeffrey Balagna departed in late 2016.



Jack Ma predicts painful effects of disruptive new technologies. Jack Ma, founder and Chairman of Chinese online retailer Alibaba Group Holding Ltd, is predicting 30 years of social unrest and pain as new technologies as well as the Internet are going to disrupt the global economy. In Ma's opinion, the best CEO could soon be a robot .





markets

In spite of new taxes and demonetization India's Finance Minister Arun Jaitley expects strong economic growth. Under the current global environment the Indian economy should continue to grow at an annual rate of 7 or 8 per cent, says India's Finance Minister Arun Jaitley . In his opinion India's aspirational class will fuel a growth slightly higher than the earlier forecast of the 2017 Economic Survey and Annual Budget , which set the mark at 6.75 to 7.5 per cent.







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