Jun
 30
 2017



Christoph

Hello,

Today we look at the newly released (positive) numbers from Nike, peek at what may be the hottest pop-up of the year and learn how the new generation is about to inherit the world's wealth and power. Feel free to share this read and enjoy the weekend. See you again on Monday, Christopher



brands

Nike's victorious year. Nike released its full year and fourth quarter fiscal 2017 results yesterday and the positive numbers beat Wall Street expectations. The athletic giant said annual revenues rose 6 percent to $34.4 billion, or an 8 percent rise on a currency-neutral basis. Likewise, its annual net income increased 13 percent to $4.2 billion, reflecting revenue growth across the globe. Management also announced a new pilot program with Amazon where Nike will sell directly on Amazon in the U.S., which it has thus far avoided doing.





retail

LV x Supreme stores popping open. One of the most recently hyped fashion collaborations, the Louis Vuitton x Supreme (image gallery) collection, becomes available today in a series of pop-up stores created to sell it exclusively. There will be one shop each in Sydney, Seoul, Tokyo, Beijing, Paris, London , Miami and Los Angeles and they are expected to be open through July 21. Supreme's attempt to open one in its hometown, New York, was denied by a community board last month who said the brand had not properly prepared to handle the thousands of customers the shop would attract.



'Cos it’s a billion dollar business. Swedish fashion retailer H&M just published its latest six month numbers (reporting an overall growth in turnover of 9 percent reaching SEK 90.57 billion or $10,7 billion) but most notably unveiled for the first time (in German) how big its retail concept COS already is: This year CEO Karl-Johan Persson expects COS to realize a turnover of SEK 10 billion ($1.2 billion). Furthermore H&M dropped some more details about its next new concept Arket .



TenOverSix leaving L.A. TenOver Six, a pioneering concept shop that has existed on Melrose Ave in Los Angeles for nearly a decade has announced it will close its doors next month and relocate to Miami. Owner/founder Kristen Lee says she decided to head to Florida because too many similar stores have arrived in L.A. since she opened her trailblazing store nine years ago.





markets

Paris primes for couture week. The latest edition of Paris haute couture fashion week will begin on Sunday and run through Thursday. Five guest designers (paywall) – Proenza Schouler, Rodarte, Azzaro, A.F. Vandevorst and Ronald van der Kemp – will have shows and designer Azzedine Alaïa will show there on Wednesday for the first time in six years.



Trump nominates retail vet for role. President Trump has nominated Janet Dhillon to chair the Equal Employment Opportunity Commission. As a longtime lawyer she is no stranger to the retail world. She is currently EVP, Corporate Counsel and Corporate Secretary at Burlington Stores and previously held similar positions at JC Penney.





people

Rebel fashion. Actress Rebel Wilson, who is perhaps best known for playing the character Fat Amy in the "Pitch Perfect" movies is the latest celebrity to lend her name to a fashion line. She officially launched her new plus-size women's line called Rebel Wilson X Angels in New York on Tuesday. Its sizes range from 14 to 24 and it will be carried by major retail names such as Lord & Taylor and Nordstrom next month.





last

Millennial moneybags. A newly published report by UBS says that the millennial generation (19- to 35-year-olds) will control up to $31 trillion in just three more years. And while they will be the richest age group ever on the planet, they are also expected to be more charitable and to use their increasingly plugged-in and interconnected lives to invest in companies that are socially and environmentally responsible.







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