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ANZEIGE



 Jun
 05
 2017



Ulrike

Hello,

Happy Monday and welcome to a fresh start to a new week. Today, Ulrike Howe highlights the fashion industry's response to the US' planned exit from the Paris Climate Agreement, Vetement's self-induced coma and McDonald's Japanese fashion collection.



markets

Fashion’s outcry. Over the weekend, fashion professionals from all over the world voiced (paywall) their discontent with US President Donald Trump’s exit from the Paris Climate Agreement (PCA). Although apparel manufacturing is one of the dirtiest businesses , most industry professionals support measures to protect the environment and climate. On the Good Morning Britain show, designer Vivienne Westwood presented a geothermal map based on NASA information. It shows that without decisive action, by the end of the century, there will be only one billion people left on earth.


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British restraint. Even though consumer confidence has improved in Britain, fashion sales were down 3.9% in May. That’s three times the rate of the country’s total High Street sales which were down 1.3%. One of the reasons is the unstoppable ascend of eCommerce, which grew by 19.3% last month. Still, this is the second lowest growth rate for non-store sales so far this year, indicating that there is a real slow-down in consumer spending. With inflation up to an expected 2.9% this year, experts expect even further spending declines this year.





retail

The long way home. To cut shipping cost and reduce delivery times, US discounter Walmart Stores Inc has asked its associates to deliver online orders to customers on their way home. According to Walmart, about 90% of Americans live in a 10 mile radius of one of its 4,700 US stores which should make it an easy task. The project started at three test stores, two in New Jersey and one in Arkansas. Since April, Walmart has been offering customers discounts on selected online purchases that they pick up in stores.





brands

Vetements’ artificial coma. Demna Gvasalia is done with the classical fashion system. After moving to Zurich from Paris the founder and head designer of shooting star label Vetements is stepping away from the overstimulated, overcrowded, nonstop and expensive show system. Starting this autumn, the collection will be presented in the label's Paris showroom. Instead, Vetement's might rely more on its growing social media presence. At last count, the brand had 1.8 million followers on Instagram and a highly engaged social media community.



Tiffany's China connection. The First Daughter’s continuous endorsement of Chinese designer Taoray Wang might have contributed to the successful IPO of Chinese apparel maker Ribo Fashion Group. On May 31st, Ribo raised about $62 million valuing the company at almost $359 million. The success has been credited to Tiffany Trump’s love for Wang’s creations . Before Wang left to launch her own Ribo-backed label in September 2015, she had been head of Ribo’s high-end broadcast: bo label.





people

Italian honor. Italy’s president Sergio Mattarella has named (in Italian) the CEO of Yoox Net-a-porter (YNAP), Federico Marchetti, “Cavaliere del Lavoro” or “Knight of Labor”. In addition to Marchetti 24 additional Italian business leaders received the title, which was established in 1901 by King Vittorio Emanuele III. Marchetti founded Yoox in 2000 and merged the online retailer with rival Net-a-porter in 2015. YNAP is one of Italy’s biggest recent success stories. In 2016, revenues climbed 12.4% to €1.87 billion. Until 2020 the group plans to grow 17% to 20% annually.



Spanish loss. Fashion professionals, politicians and celebrities mourn (in Spanish) Designer David Delfín, who passed away on Saturday after he lost his battle with cancer. The Malaga-born designer was 46 years old. According to Spanish actor Antonio Banderas who twittered in Spanish “all of Miami Fashion Week mourned” his death.





last

Fast food fashion. Due to its minimal design, striking reflective fabric and funky kangaroo logo, jackets from British food delivery service Deliveroo have become the latest fashion cult item. The most sought after styles are the company’s rebranded designs launched in October 2016. In the UK they are considered perfect clubbing gear and have begun trading on eBay. In Japan, McDonald's just launched a Big Mac apparel line with online retailer Rakuten.







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