Sep
 18
 2017



Ulrike

Hello,

Happy Monday and welcome back to The Spin! We start the new week with a look at what's happening at London Fashion Week and how large online players like Amazon and Alibaba are planning to join in on the fun. There's also just been another retail bankruptcy in the US. Still, one study claims that so far this year, more stores have opened than closed. Enjoy the read and feel free to share! Cheers, Ulrike



brands

Creative turmoil. Although a terrorist attack as well as anti-fur protestors have thrown a wrench into London Fashion Week, the event moved into full swing over the weekend. Armani and Versace have been adding Italian glitz. Burberry, Tommy Hilfiger and Topshop presented their see now/buy now collections, and Edeline Lee put forth the hijab (image gallery).





retail

Mixed messages. US shoe retailer Aerosoles is the 25th US retailer filing for bankruptcy this year. As part of its restructuring the company plans to close up to 74 retail stores. Nonetheless, according to a study by IHL Services, the number of US retail stores has actually increased with discounters, dollar and convenience stores snapping up more retail spaces than apparel retailers seem to close.



Persuasive precedent. Right after Nicola Formichetti presented his Nicopanda collection at London Fashion Week, six items got on their way to customers across Europe. Amazon Prime Now members in several London neighborhoods received their purchases within the hour, orders placed in Germany, France, Italy and Spain came with a one-day delivery option.



China connection. Alibaba is partnering with New York Fashion Week to bring US designer brands to about half a billion Chinese consumers. As part of the deal, Alibaba's Tmall platform will host a "See now/buy now" fashion show with NY designers like Opening Ceremony in October. In turn, New York Fashion Week will include a selection of Chinese brands in its newly created "NYFW: China Day" next September.





people

Dangerous liaison. Since disgraced American Apparel founder Dov Charney has launched his new venue, Los Angeles Apparel, he is getting a lot of press. This gives him a new opportunity to voice his many controversial opinions, like “sleeping with people you work with is unavoidable”. He’s also facing a new lawsuit claiming he kept the insurance payout related to a fire in a co-owned space of another of his companies, South Central Shoemakers, all for himself.





markets

Big Apple's bidding. New York City would very much like to welcome the new US headquarters of Amazon. As reported, Amazon has requested proposals for locations for a massive $5 billion head office that should create up to 50,000 jobs. Over 100 cities are expected to submit bids by the deadline of October 19th. Amazon already runs an Amazon Prime fulfillment center in Manhattan.





tech

The big un-easy. Following security breaches like the latest one at the Equifax credit bureau, US consumers are getting increasingly concerned about sharing their personal data. More than 75 percent of all US consumers currently engage in digital payment transactions at least once a month, while 96 percent claim that they are either somewhat or extremely concerned about data collection and usage.





last

Sinking Diller's Island. Media mogul Barry Diller had a dream. With his wife, fashion icon Diane von Furstenberg, he planned to finance the transformation Pier 54 at West 13th Street into the Pier 55 art performance center. Lawsuits and other headwinds from opponents including real estate titan Douglas Durst have spoiled the plan for the futuristic park, also dubbed Diller's Island. Last week, Diller pulled the plug.







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