Aug
 22
 2017



Ulrike

Hello,

Good morning and welcome back! Today, The Spin reports the next round of restructuring initiatives and lay-offs at Macy's. We also look at the myriad of factors that contributed to the downfall of German Basler Fashion Group, and how Target adapts some of its kids wear for children with disabilities. And then, there is the tale of the racist soap dispenser... Enjoy the read and feel free to share! Best, Ulrike



retail

More job cuts. Macy’s Inc has named former eBay executive Hal Lawton President, effective September 8. The 43-year-old reports to CEO Jeff Gennette, who previously held both titles. In addition, the department store chain will consolidate (paywall) its merchandising, planning and private brands divisions under Chief Stores Officer Jeff Kantor. As part of the shake-up, about 100 jobs will be eliminated. In January, Macy’s already announced about 10,000 job cuts.


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Playing footsie. Street-inspired fashion, footwear and accessories retailer DTLR has merged with urban lifestyle chain Sneaker Villa to form a new company with nearly 240 stores and an online business. DTLR Inc is backed by private equity company Bruckmann, Rosser, Sherill & Co while Sneaker Villa Inc belongs to Goode Partners.





brands

Nearing the end. The deadline to find a buyer for German Basler Fashion Group has passed. After many ups and downs, (in German) the Goldbach-based fashion company fell into administration in May. While management is trying to find a last-minute investor, the company is preparing (in German) for shut-down. Operations should continue until the end of the upcoming autumn/winter season. In addition to wholesale, Basler Fashion Group operates 40 own stores, 13 outlets and 80 shop-in-shops.



Adaptive apparel. US discounter Target has launched sensory-friendly apparel for children with disabilities. To minimize discomfort, selected items of the Cat & Jack house-brand feature heat transferred labels instead of tags, one-dimensional graphics and flat seams. For fall, Target plans to expand the line for additional needs of kids living with other types of disabilities. Sizes go from XS to XL, and prices range from $4.50 to $7.





people

From Nike to Nordstrom. US luxury department store chain Nordstrom has named Kelley Hall Senior Vice President and Chief Accounting Officer, a newly created (paywall) position. Hall has more than 23 years of experience in finance leadership at Starbucks Corporation as well as Nike Inc, where she last served as Vice President and CFO of Nike Enterprise Operations.



Moving up from StubHub. Following Hal Lawton’s move to Macy's, his former position as Senior Vice President of Americas at eBay's Marketplace has been turned over to Scott Cutler, who most recently served as President at eBay's subsidiary StubHub. In addition, eBay has named Jay Lee Senior Vice President at Marketplace EMEA, and Jooman Park Senior Vice President at Marketplace APAC.





markets

Taking it all. Spanish fashion group Inditex has bought (in Spanish) the remaining 49 percent of its largest Galician textile supplier, Indipunt, from late founder Manuel Pampín’s family. Recently, the founder’s son Ivan Pampín has been managing the company. Inditex, which owns fashion eight retail chains including Zara, Massimo Dutti, Pull and Bear and Bershka, acquired its original 51 percent majority stake in the knitwear specialist in 1997.





last

Too black. The "tale of a racist soap dispenser" by Chukwuemeka Afigbo in Nigeria has become a vital lesson for anyone trying to grasp the importance of diversity in tech and its impact on society. The video clip, which since has gone viral, shows a soap dispenser that only distributes its liquid contents to hands of light color. A dark skinned user only received some suds when he covered his hand with white paper towel…







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