May
 18
 2018



Ulrike

Hello ,

Welcome back to The Spin! Macy's unexpectedly beat expectations, giving a boost to the entire retail sector. We also tell you, how Karstadt finally got its hands on a small part of HBC's Galeria Kaufhof, which brand would like Karl Lagerfeld to remain silent, and why Barney's New York got into the burger business. Enjoy the read - and your weekend, Ulrike



retail

Miracle on 34th Street. Macy’s promising results indicate that the US department store chain might have found the magic formula for brick-and-mortar retail. With reduced inventory, targeted marketing strategies and fresh merchandise options, the company managed to beat earnings estimates. One important factor in running retail as a service business is a well-oiled logistics system such as Target’s new, speedier flow center.



From Kaufhof to Karstadt. German department store chain Karstadt is taking over (in German) a Kaufhof location in Berlin’s Gropius Passagen, which was recently closed. Signa-owned Karstadt, which has unsuccessfully tried to take over Kaufhof from Canadian HBC, also aims to expand its digital platform into a marketplace - and its cooperation with furniture chain Who’s Perfect.



Belle of the ball. Following a $6.8 billion buyout, the owners of China’s biggest women’s shoe retailer, Belle International, are considering an IPO for its sportswear division, hoping to raise up to $1 billion. The majority of that business is retail distribution for brands like Nike, Adidas, Puma, Converse, Vans, Timberland, Asics and Onitsuka Tiger as well as Replay, Moussy and Sly. The Shenzen-based company also produces shoes under its own labels (Belle, Millie’s, Staccato). It operates over 20,000 retail outlets, mostly in mainland China.





tech

Magic mirror, on the wall! H&M is currently testing (in German) voice activated mirrors at its largest global flagship store at Times Square, New York. Users can ask for product and styling info and generate H&M cover selfies. Meanwhile, competitor Zara has been moving the brand’s online world into its stores in Britain’s Westfield Stratford and its new flagship in Bilbao, Spain.



Navigating the drops. German product search engine Everysize, which was launched (paywall; in German) in 2016, plans to expand into France and Britain this year, soon to be followed (paywall; in German) by the US. The platform helps consumers find specific sneakers based on model number, product code and size, connecting them with retailers who carry the item. With over 50 participating retailers offering about 26.000 styles, Everysize counts about 330.000 users and 600.000 visits per month.





people

"Seulement saluer!" Karl Lagerfeld, who's no stranger to controversial comments, keeps criticizing Germany’s immigration policies and threatened (in French) again to renounce his German citizenship. Contrary to other designers, he and the brands he works for, have been spared public scolding and boycott calls, for now. Chanel likes to keep it that way: For the first time in decades, journalists were not permitted to speak to Lagerfeld after its most recent cruise show. Only greeting was allowed.



Back to the future. As part of its restructuring, British maternity and baby products retailer Mothercare plans to close 50 stores and negotiate rent reductions for 21 additional locations, putting about 800 jobs at risk. The ailing company will also reinstate former CEO Mark Newton-Jones, who had been ousted in March by chair Alan Parker, who has since left the company. David Wood, who succeeded Newton-Jones, will become Group Managing Director.





last

Fashionable buns. As part of its Rick Owens retrospective, Barneys New York has put a Rick Owens-designed cheeseburger on its menu. Made of locally-sourced grass-fed beef, the patty is topped with onions caramelized in Dijon mustard, and havarti cheese. To identify the creator of this culinary art work, the brioche bun is branded on top with Rick Owens’ signature, then lovingly tied-up in edible licorice ribbon. Bon appétit!







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