Jul
 24
 2018



Ulrike

Hello,

Welcome back to The Spin! A slew of tech news dominate today's issue. JD and Alibaba plan their expansion in Europe. Walmart is getting into the influencer game. And Google reported strong gains in spite of its European Union anti-trust troubles. Enjoy the read and feel free to share! Cheers, Ulrike



retail

Global power shift. Chinese eCommerce giants JD and Alibaba are targeting Europe. JD has already been investing in logistics and stores. The company also plans to open an office in Germany this year, where it will face off (paywall; in German) with Amazon, Zalando and Otto. Meanwhile, Alibaba is working on a logistics hub in Belgium and a warehouse near Prague.



Prime position. On Prime Day, Amazon sold over 100 million items. Customers purchased over 5 million pieces each in the toys, beauty and apparel categories. To push its own merchandise, the online giant (which just landed in Trump's crosshairs again) offered extreme discounts of up to 50 percent on its private apparel brands - especially in menswear. In addition, these brands also came up on the top of search results.





tech

Image booster. Walmart is adding content from beauty and lifestyle influencers to its online product pages, working with influencer agency Collective Bias and content provider RichContext. At about 30 vendors like Henkel and Schwarzkopf the influencer content appears below product images and information. Brands on Walmart's platform can also have Walmart.com buy buttons embedded into influencer blogs.



Numbers game. EU antitrust regulators hit Google-parent Alphabet Inc with a record $5 billion fine for allegedly strong-arming smartphone-makers to pre-install its apps. Nonetheless, the tech giant reported a 9 percent increase in Q2 net income, as revenues grew 26 percent to $32.7 billion. Minus the fine, profits would have grown 31 percent to $8.27 billion, beating expectations and delighting investors.





brands

Broken Bench. Following its bankruptcy in the US, British streetwear brand Bench is closing (paywall; in German) its German subsidiary, Bench International GmbH, and its 14 remaining stores in Germany, Austria and The Netherlands. Earlier this month, its trademarks were sold (press release) to US investment firm Gordon Brothers which - according to the insolvency administrator - is not interested in buying the stores.



The Kids' Supreme. Designer Joe Freshgoods got into streetwear selling edgy T-shirts at his high school in Chicago. After peddling his own clothes under the table of the Leaders streetwear store, he launched his own label and concept space, Fat Tiger, where kids refer to the label as “my Supreme”. In May, McDonald’s also came knocking, starting a new phase of collaborations.





people

From Tesla to Moda Operandi. Fashion e-tailer Moda Operandi has named Ganesh Srivats CEO, effective August 1. The former Tesla and Burberry executive is taking over day-to-day operations from Deborah Nicodemus, who is transiting into a consulting role after five years in the leadership position. At Moda Operandi, Srivats is expected to advance (press release) global expansion.



Home alone. Peter Rentsch, who shared the position of Managing Director at Ceceba with Jürgen Schäfer, has left the company due to opposing views on management issues. As from now, Schäfer will resume (paywall; in German) sole leadership of the German mens bodywear company, which owns the Ceceba and Götzburg brands as well as licenses for Tom Tailor, Bugatti (paywall; in German), Homeboy and Baldessarini (in German).







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