Sep
 01
 2017



Christopher

Hello,

Welcome to your Friday edition of The Spin. Today we'll see how Lululemon seems to be getting its groove back, how Virgil Abloh continues to be the topic of rumors/unfounded gossip and see why fashion fans will have a good time in Berlin and Melbourne this weekend. And speaking of the weekend, this will be the long Labor Day weekend in the U.S. so we will not be publishing The Spin on Monday due to the holiday. However, I will be back to Tuesday with the all latest fashion news. Enjoy today's read – and your weekend! Best, Christopher



retail

Lululemon's looking good. Unlike many of its fellow athletic retailers, Lululemon Athletica had quite a bit of good news to relay when it shared its second quarter results yesterday. Beating analysts' expectations it reported a 30 percent increase in online sales, a 7 percent increase in same-store sales for the period and a 13 percent rise in revenue to $581 million. However, overall profits were still down (paywall). CEO Laurent Potdevin added that the brand's menswear and outerwear businesses also continue to grow.


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Galeries Lafayette to buy La Redoute. French luxury department store Galeries Lafayette announced its intention to buy a 51-percent share of online retailer La Redoute. The move is part of Galeries Lafayette's strategy to accelerate its digital transformation. The family-run group employs 14,000 people in France and reported retail sales of €3.8bn last year while La Redoute recorded €750m in 2016.





people

Virgil's not Versace bound. An article published on the website Glossy on Thursday morning stating that Virgil Abloh of Off-White was about to be named the next creative director of Versace caused fashion tongues to wag temporarily. However, the rumor was soon and officially denied by the house that Gianni built as "categorically not true." It was the second time this year there was false speculation that Abloh would take the reins at a major fashion house. In February he was supposedly in the running to replace Riccardo Tisci at Givenchy.



Kim's collab. Kim Gordon, who fronted the 1990s band Sonic Youth, has designed a limited edition fashion collection with the label & Other Stories that dropped in stores and online yesterday. The 16-piece line consists mostly of worded graphic T-shirts, sweatshirts and hoodies from $25 to $85 and stars Gordon's daughter, Coco Gordon Moore, as the face of its campaign.





markets

Bash in Berlin. The second edition of Zalando's Bread & Butter event kicks off today in Berlin. The theme of this three-day "festival of style and culture" is "Bold" this go-round and the ticketed public event will include many attractions such as performances by FKA Twigs, a roller disco sponsored by Wrangler and the release of new Nike Air Force 1 models in bright yellow or pure white.



Down Under daddies... Sunday marks the annual celebration of Father's Day in Australia and new studies indicate that fashion and apparel sales there probably won't be boosted as a result. Recently released sales data from 5,000 retailers shows that although spending generally increases on Father's Day compared to a typical Sunday, it is mostly restaurants and cafes that benefit and that fashion stores actually see sales drop that day. Another informal study shows that dads there would prefer to receive gadgets or alcohol as a gift instead of tried-and-true standbys such as socks and underwear.



...and fashion week in Melbourne. In other fashion news from Australia, the annual Melbourne Fashion Week kicks off this evening. A ticketed event that is open to the public, it will run seven days, feature more than 150 happenings and showcase both local and international labels. Last year's edition drew 60,000 people and brought $8 million into the city's economy.





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Cruise collection. The second annual so-called Transatlantic Fashion Week began yesterday as the Cunard passenger ship Queen Mary 2 departed from Southampton, U.K. for a seven-day voyage to New York. This special fashion-themed cruise is headlined by designer Julien Macdonald and will feature fashion shows, a Q&A with the designer and a pop-up shop by swimwear designer Melissa Odabash, among other highlights. The ship will dock in New York just in time for the start of New York Fashion Week on September 7.



Fire away! To promote his line of bulletproof clothing's recent expansion into the United States, Colombian entrepreneur Miguel Caballero is sharing a video (video) of himself on social media where he shoots his wife in the stomach with a .38 caliber pistol. (Fear not: Her protective vest by his brand MC Armor leaves her completely unharmed). She is actually about the 230th person Caballero has fired at over the years to show his clothes' effectiveness – a marketing ploy he hopes will land him in the Guinness Book of World Records.







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