Jul
 11
 2018



Ulrike

Hello,

Welcome back to The Spin! Another day, another data breach - this time at Macy's, which refers to it as "small". We also tell you which supermarket chain is launching its first branded apparel line, and which new app feature just boosted Snap Inc's stock. Enjoy the read and feel free to share! Cheers, Ulrike



retail

Unlawful entry, the umpteenth. Macy’s just revealed a data breach at both its macys.com and bloomingdales.com sites, that happened between April 26 and June 12. The company did not release the number of people affected, except describing it as small. Among the stolen data were first and last names, postal and email addresses, birthdays and phone numbers.


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Going global. Following a $175 million investment from eCommerce giant JD.com and private equity firm L Catterton Asia, leading Chinese online luxury fashion retailer Secoo Holding plans to speed up its expansion around the globe. Secoo controls about 25 percent of the Chinese online luxury market. Last year, it signed an exclusive partnership with the European Confederation of the Footwear Industry, CEC.



Rags to riches. Millennials' love for discounts and recycling fuels the ascent of second-hand platforms like TheRealReal. Expecting to double the value of items sold to $1 billion by 2020, the California-based company is eyeing further designer collaborations like the one with Stella McCartney. Among the potential partners are luxury giants LVMH and Kering. An IPO (paywall) may also be on the horizon.





tech

Secret button. Snap Inc’s stock surged more than 3 percent, after researcher Ishan Agarwal revealed an unreleased new visual search feature on Snapchat. Buried in the latest app update, it can identify products by barcodes. It sends that data to partners like Amazon and Shazam, which use it to produce results pages for users to purchase those or similar items.





brands

Kroger's new Dip. US supermarket chain Kroger plans to add branded apparel to its assortment, starting this fall. Dubbed “Dip”, the label offers clothing for men, women and children. It is supposed to replace more than a dozen of Kroger's private-label clothing lines. Dip will be designed by Joseph Mimran, whose 30-year career includes creative and leadership positions at Club Monaco and Loblaw's Joe Fresh.



If you can make it there... German luxury fashion company Escada is going to present (paywall) designer Niall Sloan’s first collection for the label at NY Fashion Week this fall. The US has traditionally been a strong market for Escada, which at one time held a majority stake in St. John Knits. The move is designed (in Italian) to broaden the label’s international appeal and attract a broader global audience.





people

Farväl, Nyden. Oscar Olsson has unexpectedly left (paywall; in German) the affordable luxury label Nyden, he conceived for H&M. The 35-year-old will remain with the Swedish fast fashion retailer in a not yet defined position. The search for a successor is under way. Nyden's concept is based on celebrity collaborations, which are scheduled to start dropping later this year. The current collection features mainly leather jackets, T-shirts and pants.



Mourning Carlo Benetton. The youngest of the four siblings behind the iconic “United Colors of Benetton” brand has passed away. He was 74 years old. Carlo Benetton co-founded the company in 1965 with his brothers Luciano and Gilberto and his sister Giuliana. Pioneering controversial ads photographed by Oliviero Toscani, the label rose to international fame in the 1980s but lost much of its luster in recent years.







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