Sep
 14
 2018



Ulrike

Hello,

Welcome back to The Spin! Today, we check out how Jet.com is tailoring its approach to New York City, and how Express is responding to vanishing office dress codes. We also tell you why 7-Eleven is suing Original Penguin, and which platform aims for (fashion) world domination by selling sneakers like stocks. Enjoy the read and feel free to share! Best, Ulrike



retail

Takin' care of business. Just a day after relinquishing control of HBC Europe to rival Signa Retail Holding, Canadian Hudson’s Bay Company released Q2 results, showing a 2 percent decrease in sales and a widening net loss. By reducing its debt load, HBC is now free to focus on a turnaround in North America, where banners like Lord & Taylor and Saks Off Fifth still require much attention.


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Act local. On Thursday, Walmart’s online subsidiary Jet.com has relaunched itself with a focus on localization. Starting in New York, Jet offers an expanded and upgraded assortment and faster delivery times. The new site also features more customization options and a brand new partnership with Nike. Following NYC, Jet will localize its sites for Boston, Philadelphia and Washington, DC.


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Style on Trial. In response to vanishing office dress codes, US fashion chain Express has developed (paywall) a new store format that presents styles by stories rather than by dividing them into work and casual categories. The retailer, which was just criticized for not living up to its name on delivery speed, also plans (earnings call) a subscription-based clothing rental service called Express Style Trial, starting this October.





brands

Not amused. US convenience store chain 7-Eleven has sued Perry Ellis and its Original Penguin brand for trademark infringement, counterfeiting and other offenses. According to the lawsuit, Original Penguin has been using the Slurpee mark, which is registered to 7-Eleven for use on soft drinks as well as clothing, and further irritated the company by showing the items on models drinking 7-Eleven's authentic Slurpee drinks.





people

From Krefeld to Bönen. German apparel discounter Kik has named (paywall; in German) Alfred Glander General Manager, Purchasing. On March 1, 2019, the former CEO of European pet store chain Fressnapf will succeed Rainer Kanbach, who's leaving at year's end. Last July, the Bönen-based Kik chain, which generates about €2 billion in sales, stopped its US launch citing Trump's escalating trade war.





markets

Hanging by a thread. Since the 1950s, New York’s Garment District lost about 95 percent of its manufacturing workforce - and the sector keeps shrinking. Although city officials plan to rezone and revitalize the struggling area between W34th and W42nd Streets, brands continue their defection to the outer boroughs including Brooklyn’s Made in New York Campus - as well as overseas.





tech

Great expectations. Following a $44 million investment, StockX founder Josh Luber aims to grow his Detroit-based sneaker resale platform into the world’s largest resale site. In addition to global expansion, he plans to do so by treating product like stock with bid and ask prices and a ticker. After all, goods from sought-after brands like Supreme, Bape, Kith and Palace are worth whatever customers are willing to pay for them...





last

Slick baby! New York Fashion Week is not just birthplace for new trends: Right after she walked Rihanna’s Savage x Fenty show, super-pregnant model Slick Woods went into labor. Paramedics managed to bring the 22-year-old to a nearby hospital, where she gave birth to a baby boy named Saphir. Congratulations!







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