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 May
 23
 2019



Ulrike

Hello,

Welcome back to The Spin! In another blow to physical retail, Arcadia might close all Topshop locations in the US to focus on eCommerce and wholesale. Meanwhile, Walmart is pitching its stores and webshop to consumer companies as advertising platforms. We also tell you about a green return project that reimburses unsatisfied customers - and lets them keep the objects of objection. Enjoy the read and feel free to share! Best, Ulrike



retail

Topshop at the bottom. As part of Arcadia Group’s insolvency filing, Philip Green announced plans to shut down 23 of its 566 stores in the UK and Ireland, affecting 520 jobs. For 194 additional stores the retail tycoon aims to renegotiate rents, offering landlords 20 percent in the business. In the US, Topshop’s 11 stores might also close (paywall) as part of Green’s plan to focus on eCommerce and wholesale with partners like Nordstrom.





brands

Glittering prize. To further Repossi’s international expansion, LVMH plans to increase (in Italian) its 42 percent minority stake in the Italian fine jewelry brand to a 69 percent majority holding. Since the start of LVMH’s involvement in 2015, Repossi expanded (paywall) its retail network with shop-in-shops in department stores in Dubai, London, Doha, New York and, most recently, Tokyo. In addition to shops in Paris and Monte Carlo, the company also opened a shop inside the Peninsula Hotel in Hong Kong.



Resetting Calvin. Following the shut-down of its 205W39NYC luxury collection, Calvin Klein Inc has launched (paywall) the new InCKubator initiative where a new team of creatives will launch up to six innovative projects in clothing, experiences and collaborations each year. Designed to build a halo effect around the brand’s jeans and underwear business, these initiatives will be consolidated under a new label to be introduced in September.





markets

Walmart's Mad Men. Next week, Walmart will pitch its website and stores as advertising platforms to large consumer goods companies. Hundreds of brands as well as large advertising firms are expected to attend the retailer's first "5260" event. Walmart's ads are based on customers’ online searches and purchases as well as data on what they buy in stores before and after exposure to an ad - something rivals like Amazon and Google don't offer.



A river runs through it. Following a seven-year dispute, US online giant Amazon has won (paywall) the right to use the .amazon domain extension. Several South American countries including Brazil and Peru had objected, arguing that they had the rights to the name due to their proximity to the Amazon river and rainforest. As a compromise, Amazon agreed to not include words that reference the region’s culture and heritage with the domain name.





brands

Fewer furs. Following brands like Gucci, Tom Ford and Versace, Prada is eliminating fur from its womens' collections. Starting with Spring 2020, the Milan-based company will use alternative materials. Prada has been collaborating (press release) with the Fur Free Alliance, which represents over 50 organizations worldwide, The Humane Society in the USA and LAV in Italy.



End of an era. Following its second insolvency last October, several takeover attempts (paywall; translated by Google) for German menswear maker Regent have failed. Now, the Nuremberg-based company has been scheduled to shut down (paywall; translated by Google) in late August. Specializing in hand-made men’s suits, Regent produced exclusively in Germany. The company’s closure affects 44 employees.





last

Keep the crap! As worldwide returns continue to increase, billions of pounds of unwanted product end up in landfills. To decrease waste, the post-purchase payment company Returnly has launched a Green Returns program, currently available for single-use items like beauty and intimate products. The initiative offers (paywall) customers of participating companies refunds for unwanted items - without having to send them back…







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