Jul
 13
 2017



Ulrike

Hello,

Welcome back to a new issue of The Spin. Today we mourn the impending closure of Paris concept store Colette, look at the shifting retail trends in Hong Kong and China and enjoy Monoprix's amusing jab at Amazon Go. Enjoy the read and feel free to share. Warm regards, Ulrike



retail

End of an era. Even Karl Lagerfeld is devastated (paywall). Colette is closing. Facing rising rents, volatility in tourism, and changing consumer habits, Colette Rousseaux and daughter Sarah Andelman have decided to close their famed Parisian concept store in December. In 2016, the industry favorite recorded sales of €28 million, 25% of which came from eCommerce. Saint Laurent might take over the three-story store at 213 Rue Saint Honoré.


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H&Multi-label. On August 25th, H&M is going to open (in German) its very first Arket store on London’s Regent Street, followed by Brussels, Munich and Stockholm. Deviating from H&M’s usual strategy the new concept will mix the company’s own high-end label Arket (image gallery) with merchandise from other brands including Adidas, Nike, Diemme, Hestra and Tricker’s and also feature a vegetarian Café.


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markets

Another defector. The list of New York-bred designers who move their fashion shows to Paris just got longer. Starting with the Spring 2018 show, Joseph Altuzarra who was born and raised in Paris will show his collection there. He follows NY labels Thom Browne, Rodarte and Proenza Schouler who have been granted guest membership by the La Fédération de la Haute Couture et de la Mode as Paris emerges (paywall) as center stage of the increasingly fragmented fashion industry.


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Hong Kong’s heating up... As rents have dropped 41.2% from the peak in 2014, local and international retailers are looking to expand again in Hong Kong. Although retailers still think that Hong Kong’s high-street stores are overvalued, many believe that the market has bottomed out.



...as Chinese tourist spending drops. Fueling the renewed interest in the home of the world’s most expensive skyscrapers is the fact that mainland tourists are drifting back to Hong Kong, even though the volume of their spending is going down.





brands

Gucci in da house. Alessandro Michele’s fans can soon outfit their entire homes in Gucci Décor. Just in time for the upcoming holiday season the line will launch in September at select Gucci stores, online and select specialty stores.



Precious pieces. Swiss watch maker Patek Philippe expects about 20,000 people to attend its eleven day pop-up museum at Cipriani 42nd Street. From July 13th to the 23rd, "The Art of Watches Grand Exhibition New York" will showcase rare time pieces dating back to 1530, among them a 1948 chronograph once owned by Joe DiMaggio and a quartz desk clock of President John F. Kennedy.





last

Seriously? Making fun of Amazon's video describing “Amazon Go” as one of the world's most advanced technologies, French Monoprix has filmed a humorous adaption for its ten-year-old “Livraison à domicile +” service. In the parody, which has been viewed almost 230,000 times, Monoprix uses Amazon's techno-prophetic talk to describe its own decade-old service that allows shoppers to shop in the store for later delivery and payment.



World's biggest paddle-out. Thousands of surfers honored the late surfer and wetsuit pioneer, Jack O’Neill, with paddle-outs (video) in England, Calfornia and Belgium. Over 3,000 surfers participated, surpassing the official Guinness World Record of 511 set in June of 2017. Jack O’Neill died on June 2nd in Santa Cruz, California at age 94.







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