Nov
 16
 2017



Christopher

Hello,

Welcome to this Thursday edition of The Spin. Today you'll find encouraging news from both Bangladesh and India, more recently released retail numbers and hear the tale of how an infamous mankini managed to get six Czech tourists arrested. Enjoy your day, the read and – as always – feel free to share it. Best, Christopher



markets

Bettering Bangladesh. The Alliance for Bangladesh Worker Safety, a consortium of fashion brands that includes Target, VF Corp and Gap, released its fourth annual report yesterday and it numbers were encouraging: more than 85 percent (paywall) of the 658 factories listed have completed their corrective action plans. In total, 234 factories are now compliant while 162 non-compliant ones have been dropped from the association's list. The group plans to finish its stated five-year mandate and disband next year.


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Indian increase. India's retail market is forecasted to balloon 20 percent each year for the next three years and reach $1.1 trillion by 2020 according to a newly released report. Currently at $672 billion, the market is set to expand due to a growing middle class there, alterations in lifestyles and the adoption of new technology by consumers.


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National treasures. Retailer Long Tall Sally has released research it conducted for the launch of its #CURATDby collection that reveals the top fashion trends of the year in 18 countries. It was based entirely on Instagram posts. With more than 15,600 posts, oversized sleeves ruled in South Korea. Meanwhile, Germany had an affinity for paneled suits while various forms of coats and jackets were the number one items in Italy, Sweden, Denmark and the eastern coast of the USA.





retail

Trouble for TJX. TJX Cos Inc, the parent company of discount retailers T.J. Maxx and Marshalls, posted its worst quarterly same-store sales yesterday in eight years. Analysts had expected them to rise by 2.2 percent but they remained flat despite increased store traffic. On the other hand, Target posted more positive Q3 numbers yesterday. Its same-store sales were up 0.9 percent and its revenue of $16.67 billion beat estimates by $.07 billion.



Pay to enter. India's leading retail company Future Group will implement a small "cover charge" for customers wishing to shop at its discount Brand Factory stores during a special five-day promotion November 22-26. The popular sale gives customers about $75 worth of merchandise for $30 and drew thousands last year. The new refundable entry fee is being charged in the hopes that it will give the stores a better way to control the crowds this year.





brands

The devil is in the details. Victoria's Secret and some of its model "Angels" are apparently having a bit of a hellish time preparing for the brand's annual fashion show to be held in Shanghai later this month. Four models – three from Ukraine and one from Russia – were denied visas by the Chinese government and therefore won't be walking as planned. In addition, gossip outlet Page Six reports that strict regulations by the Chinese government are causing multiple headaches for the show's producers and PR teams.





last

Not the girl next door. Speaking of models and lingerie, Violet Chachki, the season seven winner of "Ru Paul's Drag Race" has become the first drag queen to star in the campaign of a lingeries brand. Made to look like the famous pin-up in the shots, Chachki fronts the new lookbook of London-based Playful Promises' Bettie Paige Lingerie line and its new "Never the Girl Next Door" campaign.



Criminal cosplay. Six Czech tourists were fined and arrested in Astana, Kazakhstan on Friday for "minor hooliganism" as they posed in bright green skimpy mankinis and black wigs to resemble Sacha Baron Cohen's Borat character in the 2006 film "Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan." The country finds the character offensive and said the outfits were "indecent."







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