Sep
 29
 2017



Ulrike

Hello ,

Welcome to this week's final issue of The Spin! Today, we check out where Calvin Klein is opening its new multi-brand lifestyle stores, which of Walmart's recent acquisitions will funnel merchandise into the retail giant's Jet.com eCommerce platform, and why the richest man in Asia does not shop much. Enjoy the read - and the weekend! Cheers, Ulrike



brands

Calvin's coming. Fueled by the hype around Calvin Klein's Raf Simons-designed 205w39nyc collection and new fans like First Lady Melania Trump, the company is setting its eyes on international expansion. Two new multi-brand lifestyle stores just opened (image gallery) in Düsseldorf and Shanghai. In these cases, the term multi-brand stands for a selection of company owned labels including CK Calvin Klein, Calvin Klein Jeans, Calvin Klein Underwear and Calvin Klein Performance - with 205w39nyc notably absent (press release) from the assortments.


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House of an artist. Sketches, rolls of fabric, drawers full of beads - even his old pin cushion. When it opens next week, the Yves Saint Laurent Museum will take visitors to the core of the French couturier's life and work. Located on Avenue Marceau where his Paris studio was based for almost 30 years, the museum will exhibit (video) drawings and photographs as well as some of the designer's most striking and defining designs. Another museum dedicated to Yves Saint Laurent will open on October 19th in one of the designer's favorite travel destinations: Marrakech, Morocco.





people

The sempiternal startup. eCommerce chief Marc Lore still considers (video) Walmart's digital division a "startup". After the retail giant acquired Jet.com last year, headlines focused on the clash of the cultures, like Walmart first banning (paywall) and then reinstating Jet.com's weekly "happy hour". Now, news primarily involve acquisitions like Shoebuy, Moosejaw, Modcloth and Bonobos. Those help the discounter compete with Amazon, accelerate its access to growth categories like shoes, bring in a younger audience, and get a headstart on retail of the future. According to sources, Jet.com will soon offer apparel from ModCloth, adding Bonobos men's apparel next year.



Three deaths. In the last two days the fashion and entertainment industry lost three major figures. The legendary publisher and playboy Hugh Hefner, who famously put Donald Trump on the cover of Playboy Magazine in 1990, passed away on September 27th at age 91. That same day, US sleepwear designer Eileen West died at only 68 after a brief illness. And on Wednesday, former Marks & Spencer Chief Sir Richard Greenbury passed away at age 81. All three left a visible mark in their field.



No time to shop. Although Alibaba founder Jack Ma is the richest man in Asia, he hardly ever buys anything because he just doesn’t (video) have time to spend money. His spending habits - or, better yet, the lack thereof - reflect the changing attitude of ultra-rich Chinese entrepreneurs towards consumption, and might hold an opportunity for luxury brands to address this issue.





markets

Store wars. The increasingly frugal spending habits of China's elite might also be part of the reason why more luxury stores have been shut down in China than in any other country last year. Between July 2016 and July 2017 there have been 62 net closures (in Italian) of luxury stores in China, while both the US and Japan actually saw a slight increase.





last

Sweet surrender. One way to sway rich Chinese customers is by way of the traditional mooncake. Made from red bean or lotus seed, the delicacy is part of China's Mid-Autumn Festival, which falls on October 4th this year. To commemorate this moon celebration luxury brands like Fendi (video), Gucci, Louis Vuitton and Tiffany send their preferred customers logo mooncakes in brand specific boxes, even promoting them on social media.



Taco bell bottoms. Following fashion initiatives by KFC and McDonald's, the Mexican food chain Taco Bell and teen retailer Forever 21 have teamed up for a limited-edition capsule collection, scheduled to launch October 11th. In addition to the fast food chain's Live Más slogan and imagery, items like T-shirts, hoodies, sweatshirts and bodysuits will sport hot sauce inspired prints.







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