Aug
 17
 2018



Caroline

Hello,

Welcome to today's edition of The Spin. It is earnings time at Wall Street and investors like what they hear in Walmart and Nordstrom circles. Their online business is growing rapidly. Kohl's also benefits from its online partnership...with Amazon. After all, customers returning Amazon goods stay a little longer at Kohl's. We are also celebrating Madonna's 60th birthday. Don't cry for her, there is a renewed interest in older women's style. Enjoy the read. Best. Caroline.



retail

Walmart rises... Walmart is having a comeback. The supermarket leader reported the best growth in its second quarter sales in a decade. Its comparable sales rose 4.5%. Wall Street analysts attribute the good news to an e-commerce sales explosion of 40% and a renewed confidence of consumers in the economy. The recent tax bill and strong job creations encouraged them to spend. They not only indulged in travel and dining out, they also went shopping for groceries and apparel.


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...Nordstrom follows. Nordstrom had also a good second quarter: the department store's revenue climbed 7,1% from a year ago and e-commerce sales were even better: +23%. Shares of the company soared more than 13% on the news. Nordstrom reaps the rewards of its experiments. The retailer partnered with e-commerce brands like Allbirds to create pop up shops within the department store. The group also developed a new concept: Nordstrom local...without merchandise.



Tencent stumbles. The Chinese Internet giant Tencent reported (paywall) its first quaterly profit drop in a decade as its shares fell 5% on Thursday in Hong Kong. Tencent has lost more than $178 billion of its market value since January. The conglomerate, owner of ecommerce businesses and a popular messaging app, is affected by a regulatory crackdown on the game business that delays its game approvals. Wall street analysts fear a broader contagion to other Chinese giants such as Alibaba and Baidu.





tech

friends with benefits. Kohl's is not afraid of Amazon's competition. The retail chain brought (paywall) Amazon returns to 21 more stores in the Milwaukee area. This partnership expands its tie up with Amazon to 100 Kohl's stores. There are also 10 stores around Los Angeles and Chicago dedicated to the Amazon Smart Home experience. Kohl's direction says that Amazon drives more traffic to its stores. On the other hand, Amazon efficiently dispenses with a lot of returns.





brands

Crazy Asian. The promotion tour for the new film "Crazy Rich Asians" has been a great occasion for its leading ladies to show some style. Constance Wu, the new IT girl, wore the usual suspects on the red carpet: Versace, Oscar de la Renta, Ralph and Russo...Gemma Chan was more daring as she shared the spotlight with Asian designers: Laura Kim and Fernando Garcia from Oscar de la Renta, Joseph Altuzarra and Prabal Gurung. To make her point, she detailed their work on Instagram.



Unforgettable Madonna. Madonna just turned 60 and major newspapers are looking back at the cultural trends she has brought us. She was the first to endorse collaborations between pop artists and designers. She is forever linked (paywall) to the cone bra created by Jean Paul Gaultier. She paired again with Gaultier for the Grammy Awards in 1999 and performed "like a prayer" at the MET gala in 2018, in Gaultier of course. Madonna also introduced us to artists in fashion campaigns. Remember her Versace outfit in 1995?



Dear grand ma. Move over Gigi, Bella Hadid, Lady Gaga...For his fall 2018 campaign, emerging designer Brandon Maxwell preferred to cast his 81 year old grandmother, Louise Johnson. Brandon Maxwell didn't forget that he grew up in her clothing store, under a rack and the cash register. Lately, grand mothers are showing us that old is not (paywall) what it used to be. Just ask Elon Musk's mother, the model Maye Musk...





last

Denim therapy. Researchers at Deakin University in Melbourne want to recycle old jeans into artificial cartilage. Their new textile recycling method begins with a specialized solvent. The chemical reduces the cotton of the jeans to cellulose, then the cellulose transforms into an aerogel, ideal as an artificial cartilage.The researchers hope to commercialize their method in 3 to 5 years. Who knew ripped jeans could become smooth elastic tissue?







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