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ANZEIGE



 Feb
 06
 2019



Ulrike

Hello,

Welcome back! Today’s edition of The Spin is full of surprises. Angela Ahrendts unexpectedly announced her departure from Apple. British department store chain Debenhams plans to speed up store closings. And a Scottish shopping mall has been put up for auction at a reserve price of $1. Enjoy the read and feel free to share! Best, Ulrike



people

Apple without Ahrendts. After five years on the job, famed retail executive Angela Ahrendts will leave (paywall) Apple in April to pursue new opportunities. Ahrendts was named SVP at Apple Retail in May 2014, following eight years as CEO at British luxury company Burberry. She is one of the tech company's highest paid executives and was already rumored as possible successor for Apple CEO, Tim Cook. Ahrendts will be replaced by Deirdre O'Brien, who’s been with Apple for more than 30 years.





retail

Closing time. As part of its current restructuring (paywall), Debenhams is considering a voluntary arrangement that would allow it to renegotiate its rental agreements to speed up the closures of up to 20 stores in 2019. Last year, the British department store chain, which currently operates 165 locations, reported a pre-tax loss of £491.5 million.





brands

Let the show begin! As part of social media’s ascend, sensational staging of fashion shows has become as important as the trends being presented. At the recent round of menswear shows, several scenes and productions were again much more than just a mere backdrop for clothing. Here are the top five (video gallery, text translated by Google).



Pyer's politics. Pyer Moss' win of the CFDA/Vogue’s $400,000 Fashion Fund propelled the New York-based luxury streetwear label - and its designer Kerby Jean-Raymond - into the spotlight last September. With its slick style (image gallery) and political message, Pyer Moss has quickly advanced to become “the real American brand”.





markets

Hidden Figures. According to research by the University of California in Berkley, home-based garment workers in India are paid the equivalent of $0.13 to $0.15 per hour. Most of them are women and girls from historically oppressed ethnic communities, who exclusively work in supply chains for the export of apparel to major Western brands, which the report purposely does not name to avoid backlash.





people

New voice. US sports apparel company Outdoor Voices has named Pamela Catlett president and COO. Catlett comes from biometrics specialist Clear and has also worked for Under Armour and Nike in the past. The position had been vacant since Andrew Parietti left (paywall) in 2017 to become COO at Home Record. In addition to its online business, the Austin, Texas-based company operates nine physical stores in the US.



Staying on top. US fabrics and crafts chain JoAnn Stores has named interim chief Wade Miquelon its permanent CEO. Miquelon has been helming the innovative company since October, when Jill Soltau left (press release) the company to take over the CEO position at JC Penney.





last

The Empty. The unprofitable Posting shopping centre in Scotland’s Kirkcaldy was placed on sale for a reserve price of £1. Reflecting the tough real estate market, the property sold at auction for £310,000 - about the same price level as a residential house in the region. The centre, which opened in 1981 and most recently changed hands for (paywall) £10.3m in 2003, houses 21 stores - 14 of which are currently unoccupied.







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