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ANZEIGE



 Jun
 01
 2018



Ulrike

Hello,

Happy Friday and welcome back to The Spin! As better-than-expected results at PVH, AEO and Lululemon send positive signals to the sector, Sears continues its struggle for survival. We also examine Amazon's geo block, Denmark's burqa ban, and the meaning of Meghan Markle's newly acquired taste for light beige hosiery. Enjoy the read - and your weekend, Ulrike



markets

Geo Block. Just months after launching in Australia, Amazon will block Australian consumers from its international sites. The move is in response to new tax regulations that go into effect on July 1, requiring foreign e-tailers to apply a 10 percent GST to imported goods. Australians who shop on foreign Amazon sites will be redirected to Amazon.com.au, which includes a global store with 4 million products on which the e-tailer will collect the tax.



Lifting the veil. Denmark just passed a law banning garments that cover the face, including the burqa and the niqab, joining other European countries like France, Belgium and Austria. Violators will be fined DKK1,000 or about $157, while repeat offenders can be fined up to DKK10,000 or receive up to six moths in jail. Since the ban does not explicitly address Islamic clothing, the Danish government does not perceive it to target any religion.





retail

Vicious cycle. Following a weak Q1, Sears Holdings Corporation is going to close 72 additional Sears and Kmart locations. In the past year, Sears closed over 380 stores or 30 percent of its store network and currently operates 894 locations, down from 1,275. Revenue dropped 31 percent to $2.89 billion, with same-store sales down 13 percent at Sears and 9.5 percent at Kmart outlets. Investors are not happy, sending the stock down over 9 percent.





people

From CVS to HBC. Hudson's Bay Company has named (press release) Stephen J. Gold Chief Technology and Digital Operations Officer. The former EVP of Technology Operations/Innovation and Chief Information Officer at CVS Health, takes over from Janet Schalk, who will leave HBC on August 1. Tasked (paywall) to align the customer experience across all North American banners and channels, Gold will report directly to CEO Helena Foulkes.





brands

Millennial move. To increase its appeal with Millennials, Italian luxe outdoor label Moncler plans monthly drops of designer collaborations in limited edition. The first participant in Moncler's Genius initiative is Japanese streetwear guru Hiroshi Fujiwara, whose line will be revealed (in Italian) at Pitti Immagine Uomo in June.



China connection. Canada Goose has partnered with Alibaba to bring its coats to China, starting this fall. In addition, the Canadian outdoor label, which opened its very first retail stores just two years ago, plans to establish stores in both Hong Kong and Beijing. To support its planned expansion, the company will open a regional head office in Shanghai and has promoted its EVP for eCommerce, Scott Cameron, President of Greater China.



#NotDressingMen. Women are re-discovering the pantsuit. Originally adopted to mirror the power of men at the workplace, the matching pant/jacket combination has since found new expressions with feminine styles, flattering cuts and vibrant colors. Several brands have specifically taken on the segment, among them Suistudio by Suitsupply, Argent and DAI.





last

Flesh for fantasy. The internet is still buzzing with comments about the light flesh-colored tights, Meghan Markle has started to wear. Instead of infusing Buckingham Palace with a fresh dose of California style - which includes bare legs -, it seems that a strong dose of Windsorness is being forced on the Duchess of Sussex, revoking memories of the shiny beige legwear the late Lady Diana wore back in 1992 at the Taj Mahal.







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