Aug
 01
 2017



Ulrike

Hello,

Today we tell you which retailer already started the Christmas selling season, highlight Calzedonia Group's arrival in the US and look at the reasons why cryptocurrencies have started attracting the scrutiny of financial regulators. Enjoy the read and have a great day, Ulrike



retail

Summer Santa. Christmas comes early at British department store Selfridges. The Oxford Street flagship is the first store in the world to open a dedicated Christmas space in July - exactly 147 days before the holidays. So far, the early jingle bells brought out bemusement and excitement in shoppers.


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Call for action. Activist investor Land & Buildings Investment Management wants Hudson's Bay Company to exit Europe, sell Saks Fifth Avenue, monetize its real estate assets and go private to focus on its Canadian operations. Otherwise the Stamford, Connecticut-based firm might launch a proxy fight. Even though a recent meeting with HBC brass left Land & Buildings unsatisfied, HBC plans to continue to engage with the investor.



Full service. Amazon is offering its registered vendors in India full logistics and delivery services - even if purchases are made through rival marketplaces like Flipkart or Snapdeal. The online giant, which now worries US business leaders more than US President Donald Trump, already launched a pilot test with 300 registered sellers.





people

More Raf. In his first major interview since his triumphant debut at Calvin Klein, Belgian designer Raf Simons tells US magazine Vanity Fair about his village upbringing in Neerpelt, his fascination with dark music, the many moves in his fashion career and why he only recently met Calvin Klein in person.





markets

Face the waste. The accelerating speed of fashion's life cycle is a massive contributor to global pollution. Now, brands are taking notice. Vetements recently staged a pile of recycled clothing in the window of Saks Fifth Avenue flagship store while Stella McCartney photographed her new collection in a Scottish landfill site.



Mandatory closings. To help small retailers, the South Korean government has ordered (paywall) large shopping malls in the region to close their doors twice each month starting next year. In the years after the South Korean government imposed similar mandatory closings for hypermarkets on each 2nd and 4th Sunday of the month, the sector's revenues dropped about 10 percent.





brands

Making a splash. Italian Calzedonia Group has opened the first US store for its Intimissimi (lingerie) and Calzedonia (legwear) brands. By September the Verona-based company plans to operate ten US locations, followed next year by 20 additional stores.





tech

Snapdeal snaps. The negotiations for the sale of troubled online marketplace Snapdeal to market leader Flipkart were terminated on Monday. This would potentially have been the largest buyout in India's start-up sector. Snapdeal which is owned by Jasper Infotech, New Delhi, will now pursue an independent path, now giving (paywall) Amazon more time to further expand.



Scrutinizing cryptocurrencies. As Bitcoin, Ethereum and their digital cousins evolve from digital payment options to speculative investments, financial regulators are planning to tighten regulations. In the US, the SEC will focus primarily on newcomers to the market, so for now, existing cryptocurrencies might be safe.





last

One million dolls. American Girl's new customizing tool allows for over one million different design combinations. Starting August 8th, the "Create your Own" experience (video) will offer a large variety of interchangeable elements, including face molds, skin tones and hair styles as well as unusual extras like reading glasses, braces and even hearing aids.







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