Aug
 25
 2017



Christopher

Hello,

Happy Friday and welcome to the final edition of The Spin for this week. Today we're discussing a major departure at Hudson's Bay Company, a big arrival at Outdoor Voices, two new collaborations and how a trio of fashion names are "piloting" the uniform overhaul at United Airlines. Enjoy the read – and your weekend! Best, Christopher



people

Watros exiting HBC International. Don Watros, who has served as president of HBC International since January 2015 and who has been instrumental in the retailer's arrival in Europe, is leaving that position and the company effective September 29. A successor has not been named. Watros has been with Hudson's Bay Company for 11 years and headed its purchase of Galeria Kaufhof in Germany, the opening of Saks Off 5th there and the forthcoming arrivals of Hudson's Bay and Saks Off 5th in the Netherlands. He will also be leaving his role as chairman of the Galeria Kaufhof supervisory board, which he has held since October 2015.


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Drexler's in at Outdoor Voices. Former J. Crew CEO Mickey Drexler has been named the new chairman of board at athletic brand Outdoor Voices after leading a $9 million investment in the New York-based label with his new venture Drexel Ventures. The appointment is a reflection of the three-year-old brand's intention to rapidly expand and become "the next great activewear brand."





retail

Retail rebound. US retail got a much needed shot in the arm this week as several companies posted positive quarterly results, which caused their stock prices to climb and reverse the general trend of decline. The week's fashion-based winners on Wall Street included Burlington, PVH, Guess, American Eagle, Express and Abercrombie & Fitch, which saw a same-store sales decline of 1 percent instead of the expected 2.1 percent. A&F's share price rose 15 percent as a result.



Square's store. Square, the company that makes credit card readers that can be attached to smartphones and therefore be accepted by small businesses, has entered the retail world itself and opened its first store in New York. On weekdays the space is appointment only and will help current clients explore and troubleshoot the company's products. On weekends, though, it is open to the public and sells a rotating selection of products made by Square customers such as jewelry, bags and housewares.



Cords' commerce. Swedish fashion brand The Cords&Co. hits the market in 20 countries from the start with a collection completely dedicated to one material: corduroy. Its founder Mikael Söderlindh is well-known in the Scandinavian fashion scene. He successfully founded the labels Happy Socks and fashionable raincoat brand Stutterheim. The Cords just opened two stores in Stockholm. Four more retail spaces are to come within the next days: London, Paris, Los Angeles and New York.





brands

Karl's "Off the Wall." In designer collaboration news that most didn't see coming, Karl Lagerfeld has teamed with iconic SoCal skate sneaker brand Vans and designed a capsule collection that will drop of September 7. Retailing for $40 to $300 the items will include six shoes – including one that will form the Vans signature checkerboard from Lagerfeld's profile – as well as a backpack and bomber jacket. The news received a mixed reaction on social media.



Fighting fashion. Tomorrow's boxing match between Floyd Mayweather Jr and Conor McGregor in Las Vegas will see new style in the ring. Mayweather will wear shorts and a robe designed by Philipp Plein and his team will wear the designer as well in honor of their just announced two-year collaboration.





last

United uniforms. United Airlines has selected three well-known fashion names to design its new uniforms which will debut in 2020. It chose Brooks Brothers to create looks for pilots, male flight attendants and customer service reps, Tracy Reese to design clothes for female flight attendants and customer service reps and workwear giant Carhartt to outfit other employees such as technical and catering operations staff. It also selected luggage brand Tumi to make employee bags.







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