May
 17
 2018



Ulrike

Hello,

Happy Thursday and welcome back to The Spin! Prior to the upcoming Royal wedding, a few brands and merchants have successfully "married up". While Walmart is upgrading its assortment through a partnership with Lord & Taylor, Nike and Puma have announced partnerships with prestigious designers. Enjoy the read and feel free to share! Best, Ulrike



retail

Movin' on up! As announced in November, HBC's US department store chain Lord & Taylor is opening a digital flagship on Walmart.com, adding premium goods from over 125 brands to the retail giant's "everyday low prices" business model. Scheduled to open in a few weeks, the L&T shop is part of a broader initiative (press release) to establish Walmart.com as a fashion destination.





tech

The good old times. After it proved too confusing for many customers, Walmart has abandoned its new Mobile Scan & Go self-checkout program. Launched in October 2017 in 150 locations, it allows shoppers to scan and pay items with their own handheld devices, but first, loose items have to first be weighed and tagged. The technology will remain in place at Walmart's Sam's Club, where shoppers buy mostly packaged goods.





brands

Sport x Style. With their upcoming designer collaborations, both Nike and Puma are taking a bold step towards fashion. Nike just unveiled a functional, futuristic Nike x MMW collection with Alyx designer Matthew Williams, which will drop on July 12. Puma continues to celebrate the 50th birthday of its Suede sneaker with a luxe MCM x Puma capsule that's going to be available May 24.





markets

Prada's praise. Unbranded Chinese fashion has become (paywall) so good, that even Miuccia Prada cannot help but praise its manufacturing. Often produced by the manufacturers of Western brands, these items are not necessarily direct counterfeits since manufacturers often contribute to the design development and market their similar-looking-but-cheaper items under different names - leaving it to consumers to find them on dedicated sites like Yanxuan and Biyao.



Clean Canal. Speaking of fakes, New York City's former mekka for counterfeits - Canal Street - is in the midst of a thorough makeover intended to catapult it into high-fashion sphere. The area in Chinatown borders both fashionable Soho and the financial district and is accessible by almost every subway line, making it prone for the next wave of gentrification.



Listless bling. While luxury brands continue to thrive in China, cheap trinkets are losing their allure. This trend combined with increasing competition has dramatically reduced the growth-rate of Danish charm-bracelet specialist Pandora A/S in the region. Investores already reacted, sending shares down 10 percent this year, following last year's 27 percent drop.





people

Conversations with Coddington. Starting in September, US Vogue's former creative director Grace Coddington will host her own talk show on IMG's streaming channel M2M. Called "Face to Grace", the six-part series features Coddington in conversation with fashion talents like Louis Vuitton's Artistic Director Nicolas Ghesquière and actor Ansel Elgort. Location is Mr. Chow's restaurant on 57th street, which is owned by Coddington's former husband Michael Chow.





last

Wedding cashers. While merchants are preparing (paywall) for the Royal wedding with champagne toasts, trinkets and souvenirs including bobbleheads, economists are calculating the event's impact on the British economy. The wedding itself is expected to cost as much as $43 million, and its economic impact could be a staggering $1.4 billion. The sectors seeing the biggest boost are tourism, retail and the fashion industry. Prince Harry will marry Meghan Markle on Saturday, May 19.







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