Sep
 14
 2017



Ulrike

Hello,

Welcome back to The Spin! Last night, New York Fashion Week wrapped up with what some expect to be Marc Jacobs' last show. As the fashionistas move on to London, reports about Nordstrom's privatization plans have been lifting the entire US retail sector. Further south, US retailers are picking up the pieces left behind by hurricanes Harvey and Irma, while Nigeria is facing its own shopping mall crisis. Enjoy the read and feel free to share! Cheers, Ulrike



people

Last dance? The press and buyers love him, but business remains in the red for New York Fashion Week favorite Marc Jacobs. Rumors are rampant about the designer’s future at the LVMH-owned brand, suggesting he might step back or even altogether leave his namesake label. During the run-up to last night's show (image gallery) several publications have taken a look back at the designer's legacy, his best dresses and his best show sets.


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retail

Lifting the sector... Reports about an impending $1 billion deal to privatize US luxury retailer Nordstrom with the help of private equity firm Leonard Green & Partners have lifted not only Nordstrom’s shares, but revved up the entire sector. Macy’s, Kohl’s, Sears and Costco were among the companies that benefitted most from the renewed interest in retail stocks.



...or just one company's reach. Back in May, Industry expert and NYU professor Scott Galloway accurately predicted Amazon’s purchase of Whole Foods. He now considers a Nordstrom takeover the next logical step for the online giant. The two companies, which both happen to be headquartered in Seattle, might complement (podcast) each other quite nicely. As reported, Nordstrom just launched an inventory-less "Nordstrom Local" store concept specifically for the pick-up of online orders, also offering styling services, try-ons, alterations and manicures.



Harvey and Irma. Apparel retailers in Texas and Florida have been hit hard by hurricanes Harvey and Irma, which is expected to reduce the projected third quarter growth at US fashion chains from 0.6 percent to 0.1 percent. Furthermore, ongoing supply chain disruptions could lead to delays in the delivery of holiday merchandise, with Gap and J. Jill considered to being affected the worst. Total losses of both hurricanes are currently estimated at almost $100 billion.





brands

Justin and The Weeknd. Canadian Singer Abel Makkonen Tesfaye aka The Weeknd has reconnected with H&M. On September 28, the Swedish fast fashion chain is going to release 18 seasonal essentials which were “Selected by The Weeknd”. This follows yesterday’s release of new merchandise from Justin Bieber’s Purpose Tour collection, branded Stadium Tour, Tour, Bieber and Team.



Stoic reserve. To some fashion professionals, the exuberant flamboyance of Alessandro Michele’s Gucci is becoming a bit tiresome. This hangover makes room for a new appreciation of brands that show more of a buttoned-up restraint. A case in point is Swiss accessories label Bally, which has been put up for sale by JAB Holding Company last month.





markets

Investores needed. Shopping centers only started popping up in Nigeria after 2004. Following the country’s long retail boom, the sector is currently cooling down fast. To survive, Nigerian malls have to be reinvented and brought closer to the customers - which in turn requires massive investments.





last

A runway that saves lives. Last Thursday, while Raf Simons presented his magic for Calvin Klein (image gallery), a group of young homeless designers showed their own creations at the Project Streetwork Fashion Show in Greenwich Village. Having been mentored for four weeks by designers from PVH, the holding company of Calvin Klein and Tommy Hifiger, these teens celebrated their 15 minutes of fame with creative abandon, sometimes surprising themselves by what they are capable of...







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