Sep
 13
 2017



Christopher

Hello,

Welcome to this hump day edition of The Spin. Today's topics include the latest fine financials from two key retail chains in the U.K., Kmart's growing inclusiveness for customers of all shapes and sizes and the tale of a somewhat ordinary pair of kids' shoes that are now wildly popular thanks to a young royal. Enjoy the read! Cheers, Christopher



retail

U.K. upswing. Two major British retail chains have posted impressive financial figures. Yesterday JD Sports proved that the atheleisure obsession is in fact far from dead. Its sales rose 41 percent to £1.4 billion in the first half of the fiscal year and pre-tax profits also climbed by 33 percent to a record £102.7 million. John Lewis, meanwhile, reported a weekly sales growth (paywall) year on year of 9.8 percent in its fashion department for both mens- and womenswear. It is also shuttering its Edinburgh distribution center as the facility can no longer keep up with the company's growth.


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Lesara lands $40M. German online fashion retailer Lesara has raised an additional $40 million in funding (paywall) from new and existing investors which it will use to grow its presence in five European markets. The company has now raised a total of $60 million and is poised for additional expansion following its 175 percent increase in revenue in 2016.



Minus "plus" at Kmart. Kmart's latest initiative is designed to attract and support large-bodied customers. The mass retailer has extended the sizing of all of its in-house clothing brands to include larger options. In addition it has officially banned the phrase "plus-sized" from its branding and corporate vocabulary and will hereby refer to bigger sizes and the store sections that stock them as "Fabulously Sized", a move that was met with some resistance on social media.





markets

Curvy gals converge. In other plus-size (or is that "fabulously sized"?) news, TheCurvyCon, an open-to-the-public plus-size conference held a successful and sold-out third edition in New York last week prior to the start of New York Fashion Week. The event featured a shoppable fashion show and was hosted by actress Chrissy Metz of the TV hit "This Is Us."





brands

United cars of Benetton (and Nissan). The Indian arm of automaker Nissan launched a special limited edition of its Micra car model in New Delhi yesterday that it created together with the United Colors of Benetton. The Micra Fashion Edition features sporty exterior stripes, black wheel covers and an orange interior and headrests inspired by the Italian sportswear brand. The first 500 buyers of the car will also receive a bonus of Benetton accessories such as belts and wallets.





people

Elle Nina. Just one day after Elle's longtime editor in chief Robbie Myers announced she would be leaving, the Hearst-owned magazine and media title said that Nina Garcia, currently the creative director of Marie Claire, would succeed her. In addition to her work in publishing, Garcia found renown as a judge for several seasons on TV's "Project Runway."





last

Royal pair. After being pegged as the probable manufacturer of the leather loafers that England's Prince George wore on his first day of school last week, Spanish e-tailer Pisamonas reports that the style is now nearly sold out, proving that royals can be fashion icons even at the youngest of ages. The "mystery" was uncovered by a blog called whatkateskidswore.com who contacted the company about the £38.95 School Moccasin style.







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