Feb
 19
 2019



Ulrike

Hello,

Welcome back to The Spin! Today we are back with details on Payless Shoe Source’s bankruptcy, Topshop’s expedited withdrawal from China, and Kim Jong-un’s promotion of Western designs. We also bring you a closer look at Anna Wintour’s personal style, her views of the future of print media - and her thoughts on tennis. Enjoy the read and feel free to share! Best, Ulrike



retail

Over and out. Bankrupt US shoe chain Payless Shoe Source is going to shut down all of its 2,100 stores and online operations in the US, affecting about 18,000 employees. About 1,400 franchised and licensed stores globally will remain open. This is the second bankruptcy for the debt-ridden company, which counted more than 4,400 locations before shuttering 673 units in 2017.


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Goodbye Jinping. British Arcadia Group announced (translated by Google) the closure of both the Shanghai and Hong Kong offices of Topshop, expediting the fast fashion retail chain's withdrawal from the market. The move follows last year's termination of a franchise partnership with Chinese Shangpin.com and the shutdown of the Topshop store at Tmall. At the time, Arcadia insisted that it had not given up on the Chinese market.





markets

Kim's copy right. Although it is illegal in North Korea to wear blue jeans or listen to Western music, the country’s government has instructed local factories to learn from popular sneaker designs by brands like Adidas, Asics and Nike. Apparently, Kim Jong-un personally procures the “examples” in an attempt to modernize the country's production and satisfy at least some of its customers' appetite for foreign aesthetics.



Going the extra mile. Platforms are (translated by Google) new growth areas in the sports segment. To outsmart competition, German multi-channel retailer Bergzeit offers 110 events, some in partnership with agencies, including a 12-day ski safari in North America. Meanwhile, German sporting goods purchasing association Intersport is working to extend its members' ski rental program to include the planning of entire ski vacations, including lodging.





brands

Tradition meets technology. Last Saturday, Dior Couture’s Director of Fabrics and Graphics, Edward Crutchley, took home not one but two awards at the renowned International Woolmark Prize. One was for his menswear and one for an innovative protein eating pigment, that can be used to create deliberate holes in wool fabrics. The prize for womenswear went to Michael and Nicole Colovos, who translated their denim approach to wool.





people

End of an era. Eton CEO Hans Davidson, the founder’s grandson who managed the Swedish shirt company for the last 30 years, is going to retire (paywall). His successor David Thörewik comes (translated by Google) from H&M's streetwear label Weekday, where he was Managing Director. At Weekday, Thörewik's position goes to (paywall; translated by Google) Daniel Herrmann, H&M's current Head of Marketing and Communications.



From Mavi to Marc O’Polo. André Hennigers has been named (paywall; translated by Google) Managing Director at Marc O'Polo Denim & Campus GmbH based in Stephanskirchen. In this newly reintroduced position he is supposed to strengthen the line’s market position and expand sales, especially in the younger segment. Hennigers comes from Turkish jeans label Mavi, where he held (paywall; translated by Google) the position of Sales Director Europe. In the past, he has also worked for Levi’s, Esprit and Nike.





last

Playing to win. In a rare interview with The Guardian, the famed Editor-in-Chief of Vogue US, Anna Wintour, shares her thoughts about her personal style, work ethics, women’s role in politics, her view on the future of print media - and tennis. Meanwhile, at Vogue.com, she recaps (video) the top shows and trends of New York Fashion Week.







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