Jul
 13
 2018



Christopher

Hello,

Welcome to this Friday edition of The Spin. Uniqlo's foreign business has outpaced its domestic one, Anna Wintour has lent her name to a surprise sneaker and Woolmark has announced its annual list of winners. But if all you care about is the final game of the World Cup on Sunday, fear not, there's fashion news about that too. Enjoy the read and your weekend.... and may the best team win! – Christopher



retail

Fast's financials. Uniqlo's parent company, Fast Retailing, released its Q3 results yesterday and they are significant for two reasons. First, Uniqlo's sales abroad continued to gain strength and surpass those of its home market, Japan. Operating profit of the entire Fast Retailing group also increased 23.5 percent, allowing the company to continue to predict an all-time high annual profit forecast of ¥225 billion (US$2 billion), putting it even closer to overtaking Zara and H&M as the world's biggest apparel retailer.


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brands

Airs by Anna. Anna Wintour has created her first ever collaboration with a fashion label and her partner is a very surprising one, Nike's Air Jordan brand. The famous Vogue editrix has created four limited edition versions of the iconic high-tops for the new Air Jordan Edited by Vogue collection. All are stamped with "AWOK" (meaning "Anna Wintour okay"), an acronym she signs on every magazine page she approves. The announcement was made via a humorous video that shows her shooting hoops from her desk.



Changing of the guard. Burberry held its annual general meeting (paywall) in London this week, which was marked by several management changes and CEO Marco Gobbetti's vow to boost business by switching up its delivery schedule and adding new product designed by new chief creative officer Ricardo Tisci. The brand also hopes to improve its poor performance in China by lowering its prices there by about 4 percent.



Chanel suit. Chanel has filed a $56 million lawsuit in Brooklyn federal court against an eBay seller for selling its branded cosmetics and fragrances without being an authorized dealer. The luxury giant also claims that by removing the products from their packaging, the eBay entrepreneur may be offering testers that were never meant to be sold and that the packaging is necessary to maintain its reputation as a luxury name.





people

Woolmark winners. The International Woolmark Prize for emerging designers announced the final four of its 12 semi-finalists at an event in New York yesterday. Competing in the "rest of world" category, the quartet will now go head to head with the four European semi-finalists and four Asian semi-finalists, who were announced earlier this week in London and Hong Kong, respectively. The dozen designers will now each be required to created a six-piece capsule collection from Merino wool.





tech

Anti-automation. A troubling new report by analyst firm Verisk Maplecroft warns that automation and the growing use of robots in Asian factories will create a job reduction of up to 56 percent in the next 20 years and create an atmosphere that will cause a spike in slavery and human trafficking. It says that as the supply of low-paid workers rises, factory owners will have more opportunity to exploit them as more people will be desperate for any kind of employment.



Futuristic feathers. Italian insulation manufacturer Thermore is currently launching a new alternative to natural down feathers called Ecodown Fibers. Created from recycled PET bottles, the animal-free insulation can be blown directly inside of a garment and provides extensive warmth. The company is debuting the new product at various trade shows this summer.





last

Stylish soccer stars. Prior to the France vs. Croatia final game of the World Cup on Sunday a few outlets have already published their analyses of the participants' style choices. From strange haircuts to Gareth Southgate's signature vest, there is no denying that the competition has had its fair share of fashion wins and losses as well.







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