Oct
 13
 2017



Ulrike

Hello,

Welcome back this week's final edition of The Spin! Today we tell you what HBC's Galeria Kaufhof is asking from it suppliers to help it reach profitability. We also take a look at a new collaboration between Barneys New York and the digital news outlet Highsnobiety, and the new trend that's pushing push-up bras into the background. Enjoy the read - and the weekend, Ulrike



retail

Playing to win. On Tuesday, Hudson's Bay Company required (in German) painful concessions like pay cuts and more hours from employees at its German subsidiary Galeria Kaufhof, now the Canadian retailer is asking (in German) Kaufhof's suppliers for a 2 percent discount on all merchandise for three years. At Denmark's Shoptalk Conference, CEO Gerald Storch told his audience that HBC would not retrench and close stores, but "play to win".


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New order. To prepare for the planned merger of QVC with Home Shopping Network (HSNi), owner Liberty Interactive Corporation has reorganized QVC's senior team under President and CEO Mike George. At the merger, HSN's current leadership team will leave the company, while the QVC is going to get a new structure (paywall) consisting of five business units, QVC US, QVC International, HSN, Zulily and Cornerstone.



Shop 'til you drop. On October 28th and 29th, Barneys New York will hold its first thedrop@barneys event, organized in partnership with the lifestyle news site Highsnobiety. During the two-day fashion extravaganza, 30 exclusive capsule collections and product drops will be presented, flanked by in-store events, designer appearances and panel discussions. Among the illustrious names on schedule are Off-White's Virgil Abloh, celebrity tattoo artist Jonboy and renowned piercer J. Colby Smith.





tech

Shout out. After a successful test in New York City and California, US discounter Target is expanding its partnership with Google Express nationwide, including voice-activated shopping. Starting next year, Target customers will also be able link their Target accounts to Google Express for a more personalized shopping experience. Retailers already present on the Google Express platform include Walmart, Kohl's and Paragon Sports.



Faster fashion. British fast fashion retailer Asos has started "Asos Instant" same-day delivery service in London's 122 postal codes. To qualify, orders must be placed before 10am with deliveries arriving between 6pm and 10pm. Currently, the service is not available on Saturdays. The shipping fee is £12.95, while next day deliveries cost £9.95 and are free for Asos Premier subscribers. Over the next few months, the program will be rolled out to additional UK cities.





markets

Dining destination. Chinese shopping malls are swiftly evolving into large experience-oriented mini cities, offering a myriad of entertaining experiences. Elaborate play areas, spas, art exhibitions and language classes are some of the new attractions. But the most important draw of traditional malls are the food courts, with most customers coming to eat rather than shop. Luxury shopping in particular has been shifting towards discount and outlet centers.





brands

Losing the label. Amidst the evolving scandal about Harvey Weinstein's sexual assault allegations, his wife Georgina Chapman’s business has already been hit. Helzberg Diamonds just dropped the Marchesa fine jewelry license, which had been announced the same day the Weinstein scandal hit. The jewelry collection was originally labeled Marchesa Radiant Star, then briefly renamed Radiant Star before it completely vanished from Helzberg Diamond's website.





last

Flat facts. As less curvy stars like Cara Delevinge rise in popularity, small breasts are getting more desirable, pushing aside the once so popular push-up bras. British retailer John Lewis, for example, recorded a 44 percent plunge in boob enhancing bra styles. Instead of voluptuous cleavage, women are now opting for flat chested androgynous looks, lifting sales of more comfortable bras.







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