Aug
 28
 2018



Ulrike

Hello,

Happy Tuesday and welcome back The Spin! In Germany, additional delays might be on the horizon for the planned merger between HBC’s Galeria Kaufhof and Signa-owned Karstadt. Over in the US, Walmart.com has opened the first e-shop by one of its new acquisitions - with possibly more to follow. And in the UK, there’s been an interesting experiment involving the color pink… Enjoy the read and - as always - feel free to share! Cheers, Ulrike



retail

Credit crunch... The losses at HBC’s Galeria Kaufhof are in conflict with an agreement that the retailer struck with a consortium of banks to finance the purchase of 41 department store buildings. The banks now seem to require (paywall; in German) that HBC meet these conditions and could demand repayment of the loan. According to press reports, a letter dated July 31 seems to require that the company discloses its status by September 30.


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...with consequences. A repayment claim by the banks would pose major problems for HBC as the group currently struggles with its American business. As long as the issue is not resolved, Signa-owned Karstadt might not (in German) complete the merger with competing Kaufhof, since the banks have to agree.



Into the wild. US outdoor retailer Moosejaw, which was acquired by Walmart in 2017, just opened a curated multi-brand outdoor e-shop on walmart.com. Offering labels like Jack Wolfskin, ExOfficio and CW-X it is the first of several new Walmart acquisitions to open a digital store on the retail giant’s site. The initiative is part of Walmart’s efforts to jack up its online assortment.



Waking Gap. Old Navy, Athleta and even Banana Republic contributed to an 8 percent Q2 sales increase at Gap Inc, but the retail group’s namesake Gap brand continues to disappoint. Several analysts already suggested a company name change to Old Navy, but some experts believe that Gap could become a fashion leader again if it only started taking some risks.





tech

Techies are doing it for themselves. Companies like Facebook, Google and Microsoft have started to lobby for a federal privacy law that would supersede California's legislation to give them a say in how digital consumer data should be managed. The move comes as Facebook added a new pixel allowing marketers to track consumers' behavior after they click on a post.





brands

Missed the drop. Supreme has been called out again for copying. This time by Farmland Industries, which recognized the similarity of a new Supreme logo to its own - and might actually have a case. But instead of suing, the agricultural cooperative cheekily plays it as a Farmland x Supreme collaboration. So far it just asked the skate brand to send over a few items. Last year, artist Barbara Kruger took on Supreme with her Don’t be a Jerk skate boards…





people

Mourning Ruth Finley. For almost 70 years the legendary founder of the Fashion Calendar kept meticulous track of all fashion related events in New York City, before she sold the "pink sheeted schedule" to the CFDA in 2014. Ruth Finley died on August 25. She was 98 years old.





last

The power of pink. Hoping to throw rivals off their game, the UK soccer team of Norwich City has painted their opponents locker rooms at Carrow Road stadium pink. After all, the feminine hue is thought to lower testosterone and decrease aggression. No word, if Norwich’s own locker room is red which supposedly increases energy and aggression. Either way, the Leeds players showed no lack of testosterone as they beat Norwich 3-0 last Saturday…







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