Jan
 25
 2019



Ulrike

Hello,

Happy Friday and welcome back to The Spin! Amazon is trying to solve the last mile problem with delivery robots. Adidas bets on customer-designed capsules. And Vente-privée has rebranded itself Veepee. Enjoy the read - and your weekend! Cheers, Ulrike



tech

When the robot rings twice. US online giant Amazon is testing small robots for home deliveries in Snohomish County, near its Seattle headquarters. Dubbed Scout, the cooler-sized robotic vehicles can operate autonomously, but are currently still assisted (press release) by Amazon employees.


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brands

Need for speed. Adidas has expanded its partnership with Foot Locker to bring consumer-driven footwear to market via its Speedfactories. According (press release) to Adidas, its accelerated digital production process that can turn out limited runs of locally designed shoes up to 36 times faster than industry standard times. Beginning this month, both companies will co-create consumer inspired AM4 (Adidas Made For) shoes at cultural and sports events. Insights from each product launch will be used for future designs, keeping the AM4 project in constant beta mode.



Steele her style. 19-year-old influencer Amanda Steele is launching a namesake fashion label. The debut collection of 14 rocker-inspired pieces will be available on her new website, Steeleofficial.com, starting January 30. Counting over 2.7 Youtube subscribers and 2.5 million Instagram followers, the beauty vlogger already collaborated on a successful jewelry line with Luv AJ and also worked with brands like Marc Jacobs, American Eagle Outfitters and Bulgari.





retail

Chanel, go get it! Offering millennials a good entry point into luxury, US resale platform TheRealReal is thriving on the popularity of the circular economy. Catering to a broad range of luxury-loving clients including celebrities like the Kardashian/Jenner sisters, and supported by two brick-and-mortar stores in New York and Los Angeles, the company has grown to take the leading position in the $6 billon global luxury release market.



Refining Refinery. US media and entertainment company Refinery29 has signed a multi-year partnership with its global licensee, marketing agency and fashion show organizer IMG. Under the agreement, the companies plan to expand Refinery29’s experiential 29Rooms in the US and launch an international tour. The immersive fun houses showcase IMG-produced live events, creative endeavors and Instagram-ready installations with partners including Google, Facebook and Snapchat.



In good company. One of the top priorities of the planned joint-venture between German department store chains Galeria Kaufhof and Karstadt is the consolidation of their buying divisions, which should save the HBC and Signa-owned group hundreds of millions of Euros. According (paywall; in German) to the leading German retail publication, LZ, buyers from both companies are already talking to suppliers and manufacturers. A decision on where the consolidated buying division will be located - at Karstadt’s headquarters in Essen or Kaufhof’s headquarters in Cologne - is expected (paywall; in German) shortly.



K&L is KO. German fashion retailer K&L, which initiated insolvency protection proceedings last fall, has now filed (paywall; in German) for bankruptcy in self-administration. The Weilheim-based company plans (in German) to close 14 unprofitable stores by the end of April, affecting about 220 of its 900 employees. Although sales dramatically declined between September and November 2018, the company returned to like-for-like growth in the high single digits in December and January.





tech

Vente-privée becomes Veepee. As part of the consolidation of its European eCommerce platforms, French online shopping club Vente-privée is changing (in French) its name to Veepee. The new name is also being introduced to the group’s 14 foreign markets including its newly acquired flash-sale platforms like Eboutic, Privalia and Designers & Friends. The rebranding comes as the group increased foreign revenues from 20 percent in 2015 to 50 percent. The consolidation (in French) is expected to be completed in early 2020.





people

Express exit. After almost 20 years with the company, David Kornberg will step down from the President and CEO position at Express, which he held (press release) for the past four years. Kornberg is also stepping down from the board of directors. While the Columbus, Ohio-based fashion retailer searches for a replacement, COO Matthew Moellering will take over leadership on an interim basis.







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