Dec
 18
 2017



Ulrike

Hello,

Welcome back to a new week and a new issue of The Spin! Today we probe into Amazon Prime's problems in the US and the UK. We also unveil Shanghai Tang's new concept, and tell you why this winter is going to be chilly for Chinese fur manufacturers. And then there is Ivanka Trump's latest retail project. Enjoy the read and feel free to share! Best, Ulrike



retail

Road block. The number of Amazon Prime memberships in the US is virtually unchanged from last year. This data could be interpreted as a first sign of a potential penetration limit for Prime in the online giant's most mature market. In Britain, Amazon is currently being investigated by the Advertising Standards Authority after consumers complained that Prime’s two-day delivery promise is often not met.


Advertisement
ANZEIGE



Time to pay up. Meanwhile, over in Italy Amazon is going to pay €100 million to settle a dispute over alleged tax evasion between 2011 and 2015. In a related move, Italy's senate budget committee recently approved a 6 percent "web tax" for digital sales, which should add (in Italian) about €114 million annually to the Italian treasury's coffers when it comes into effect in 2019.



From Zet to Plus. As part of a planned national roll-out, German online retailer Zalando has renamed (paywall, in German) its loyalty program from Zalando Zet to Zalando Plus. Under the initiative, the Berlin-based company offers (in German) its clients a slew of services including personal style consultation, exclusive product offers and a free pick-up service for returns, provided in cooperation with German delivery specialist Hermes.





markets

Chilly winter. With consumers increasingly rejecting animal fur, Chinese fur farms are seeing a sharp decline in business. This year, several large luxury fashion brands including Gucci have revealed plans to go fur-free. The latest addition is Michael Kors Holdings including its Jimmy Choo subsidiary, which will convert to high-end faux fur by the end of 2018. In 2016, Chinese mink fur sales dropped 41.2 percent with this year's prognosis not much better.



Street, sequins, sneakers - and fanny packs. Those four elements have shaped fashion in 2017. Top selling designer brands like Gucci, Off-White, Vetements and Balenciaga were joined by strong newcomers including Attico, Susie Cave's Vampire Wife, Beautiful People (in Japanese), Halpern, Matty Bovan, Petar Petrov, Nanushka and Wanda Nylon. While streetwear and puffer jackets remain strong, some retailers saw softening demand for denim.





brands

Reversing the trend. Chinese fashion label Shanghai Tang is returning (in Chinese) to the fashion scene with a new concept, design and Italian production. Founded by the late David Tang, the label has been acquired by Hong Kong-based Cassia Investments and Italian entrepreneur Alessandro Bastagli in July. The new owners are relaunching (in Italian) the luxury label with Salvatore Ferragamo's former Creative Director, Massimiliano Giornetti.



Just in time. In response to having her fashion label delisted from several US retailers, Ivanka Trump has opened her own fashion location. Just in time for last minute holiday shopping, the pink floor-to-ceiling display wall in the lobby of Trump Tower on Fifth Avenue offers handbags, accessories and candles reflecting the merchandise available at Ivanka Trump's online store.





last

Retail grief therapy. After 20 years in business, French concept store Colette has celebrated its last weekend with a full house. The Paris fashion institution is bidding its loyal fans farewell with coveted Travis Scott and Saint Laurent collaborations, including a limited-edition 12 track vinyl release and pointy, high-heeled $2,350 roller-skate boots. The famed store will close its doors for good on Wednesday, December 20th.







logo-small   

is a product
delivered to you by
textilwirtschaft.de | Imprint