Jun
 04
 2019



Ulrike

Hello,

Welcome back to The Spin! The shipping war is heating up in the US, with Amazon now offering one-day deliveries for over 10 million items and FedEx delivering on Sundays. Over in Europe, British shoe retailer Schuh prepares to exit Germany, which originally inspired its name. We also tell you, which US company now offers mobile retail spaces in glass-paneled trucks. Enjoy the read and feel free to share! Best, Ulrike



tech

When the postman rings trice. In January 2020, US logistics giant FedEx Ground will start delivering on Sundays, offering to bring packages to residential addresses every single day of the year. Meanwhile, Amazon now offers free one-day deliveries on over 10 million items to its Prime members. The move follows Walmart's introduction (press release) of free next-day shipping for about 200,000 items in selected US markets.


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markets

Love again. Since 2016, US sales of pre-owned apparel grew 21 times faster than the overall clothing market. One big player is online reseller TheRealReal, which is currently filing for an IPO. But traditional retailers are also trying their hand in the market. Neiman Marcus, for example, has invested in luxury resale site Fashionphile, while H&M is launching a resale test at its & Other Stories concept in Sweden.





retail

Widening the Gap. Despite disappointing Q1 results, Gap Inc remains committed to spin off its Old Navy division via IPO in 2020, effectively dividing its business into two independently traded public companies. In Q1, same-store sales for the group fell 4 percent, with crown jewel Old Navy reporting a 1 percent decline following a 3 percent like-for-like growth in Q1 2018. Meanwhile, Gap's aggressive store reduction remains on track with about 30 net closures scheduled for this year.



Gexit for Brexit. On June 22, British shoe retailer Schuh will close its three German branches in Bochum, Oberhausen and Essen, effectively withdrawing (paywall; translated by Google) from the German market which it entered in 2015. Schuh's German-language webshop will then be controlled from Great Britain. In connection with Brexit, the Genesco-owned (press release) chain, which currently operates 136 stores in the UK, Ireland and Germany, plans to re-focus on its home market.





brands

License to sell. Seven years after PVH acquired Calvin Klein’s long-term jeans and underwear licensee, Warnaco Group, Calvin Klein has finalized a five-year license for the design, production and North American distribution of women jeanswear with New York-based apparel company G-III, which already holds Calvin Klein licenses for women’s ready-to-wear, dresses, outerwear, swimwear, and accessories. The first collection is scheduled (press release) for spring 2020.





people

Divided duties. Walmart has named Scott Eckert as SVP of Next Generation Retail and principal of its startup incubator, Store No. 8. Eckert comes from Bain Capital Ventures, where he held the position of executive in residence, evaluating potential new investments and advising managers of existing portfolio companies. He succeeds Lori Flees, who headed both Store No. 8 and the health and wellness department at the retail giant's Sam’s Club division. In the future, Flees will focus exclusively on Sam’s Club.



Philip's Bad Week. British retail magnate Philip Green, whose rescue plan for his Arcadia retail empire is hanging by a thread, faces four misdemeanor assault charges in the US state of Arizona. The 67-year-old has been accused of spanking and grabbing the behind of a fitness instructor at the prestigious Canyon Ranch in Tucson during visits in 2016 and 2018. Green denies the accusations.





last

Flexing the muscle. A Massachusetts-based startup offers merchants temporary retail space in 13m2, glass-paneled trailers. Named Flexetail, the mobile concept allows (paywall) vendors to test products in one or several locations by the day, the week or the month without having to commit to a costly lease.







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