Jan
 18
 2018



Christopher

Hello,

Welcome to today's edition of The Spin. As Paris Men's Fashion Week begins, H&M has taken another step to end a PR nightmare and both Walmart and Zalando have announced interesting news. Enjoy the read and please share it with any of your friends and colleagues who have yet to subscribe. Thanks, Christopher



people

Crisis management. In another move to fix the fallout created by its "Coolest Monkey in the Jungle" sweatshirt snafu last week, H&M has named Annie Wu, its current global manager for employee relations, to the newly created role of global head of diversity and inclusiveness. The Swedish chain announced the news on its Facebook page yesterday.


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Next in line? Walmart said yesterday that it was promoting its current COO Judith McKenna to the role of president and chief executive of its international division as of February 1. Analysts say the move is significant as the two previous heads of international went on to become CEO of the entire Walmart operation, including current chief Doug McMillon.





retail

Nice numbers. Zalando released its preliminary Q4 financials yesterday and despite a "challenging" October, they were positive. The German e-tailer said quarterly sales rose between 21.2 and 23.2 percent to €1.32 billion to €1.34 billion and that annual sales should be up anywhere from 23.1 to 23.7 percent. The company will release its full results on March 1 but noted that it plans to continue its pattern of spending to increase its market share in 2018.





brands

Homme town. The latest seasonal edition of Paris Men's Fashion Week kicked off yesterday and the most buzz-generating shows included Palomo Spain, which offered a somewhat gender-bending take on Robin Hood, and Off-White whose all-white Air Jordan 1 sneakers nicely complemented the business casual looks shown. The shows will run there through Sunday.



Adios, Alex. In other brand and fashion week news, Alexander Wang said yesterday that next month's New York Fashion Week will be the last one at which he will show. Like many others he will instead follow a pre-collection schedule and show in June and December to better align with the timing of actual merchandise drops in stores.





markets

Expanding exporter. The Asian island nation of Sri Lanka continues to be an increasingly important manufacturing center in the global fashion supply chain. Yesterday the Sri Lankan Minister of Industry and Commerce reported that the nation's total apparel exports for 2017 are expected to be about US$4.7 billion compared to US$4.3 billion in 2016. Textile and apparel goods account for about half of all of the country's exports and Sri Lanka's largest export markets are the US and EU respectively.



Safety first. Yesterday an Indian high court in Delhi ruled that the government must start enacting previously issued communications that supposedly prevent the sale and manufacture of official Army apparel and gear to the general public. The judges said the issue was especially important for state security and public safety since a deadly attack at an Indian Air Force base two years ago was carried out by terrorists dressed in Army-issue fatigues.







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