Jun
 27
 2019



Ulrike

Hello,

Due to the ongoing trade dispute with the US, China will most likely not become the largest retail market worldwide before 2021. Meanwhile, hundreds of US retailers prepare to take on Amazon on its extended Prime Day event in July. We also tell you, which airline is suing Walmart - and why. Enjoy the read and feel free to share! Best, Ulrike



markets

Wrath of the Titans. Due to the trade war between the world’s two largest retail markets, China will not surpass the US in total retail sales this year. At current growth rates, experts don’t expect that milestone to happen before 2021. Currently, China’s share in the world’s retail market is at 21.1 percent, compared to 21.9 percent for the US. In addition to US president Donald Trump’s tariffs, China also hurts from a slowing domestic auto market, which will reduce growth of retail sales to 3.5 percent this year.



Going West. To make its cross-border online platform Tmall Global more attractive to foreign vendors, Chinese online giant Alibaba has launched its first English-language website. Currently, Tmall lists over 20,000 labels from 77 countries and regions. Through the initiative, it plans to double the number of participating brands. In a next step, Alibaba plans to launch additional language versions including Spanish, Japanese and Korean.



Big moment. US luxury resale site The RealReal is planning its IPO on Thursday in a stock offering that is expected to value the not yet profitable company at about $1.5 billion. The event is big for the entire online resale sector, which is growing 21 times faster than the traditional retail market. According to experts, the US resale market is poised to grow to a value of $33 billion by 2021.





retail

Back-to-school brawl. Over 250 retailers have planned sales events for Amazon Prime Day, which has been extended to two days (July 15 and 16). The event is viewed as the kickoff to the lucrative back-to-school season, with shoppers planning to spend an average of $507 this year. Target’s Deal Days will offer more discounts and same-day deliveries, while eBay plans a Crash Sale on July 15, hoping that Amazon’s site goes down again, sending customers over for its deals and free shipping.



Baby, come back! Following disappointing Q1 results, French fashion chain Bonmarché is reconsidering a buyout offer from British billionaire Philip Day, which it previously dismissed as inadequate. In April, Day offered a total of about £5.7 million for Bonmarché through his Spectre Holdings investment company. Following the poor quarter, which the company blames on wet weather in June, Bonmarché’s board now urges is shareholders to accept the offer.





brands

Landmark moment. In a move that is still claiming global attention, Valentino’s creative director Pierpaolo Piccioli has cast more than half of the models for his spring/summer 2019 couture show with women of color. To this day, the show (video) is one of the most diverse on record, but although the industry keeps proclaiming its devotion to diversity, it remains an exception. At 22 couture shows this year, only 26 looks were modeled by women of color - that's about one look per show…





people

Short interlude. After less than a year with Marc Cain, Katja Konradi will relinquish (paywall; translated by Google) the position of managing director for design and marketing, effective immediately. According to the German fashion company, the parties had different ideas about the long-term development of Marc Cain Collections and Marc Cain Sports. Konradi’s management position will not be refilled. Instead, the company is looking for a head of design to lead the existing team.





last

Black and Blue. US airline JetBlue is suing Walmart over its text message-based shopping service, Jetblack. In a trademark infringement suit, JetBlue alleges that Walmart dilutes its brand and leads consumers to believe that Jetblack is connected with Jetblue’s service. JetBlue also takes offense with Walmart’s trademark applications for names including Jetgold and Jetsilver. Walmart, which bought online platform Jet.com in 2016, launched Jetblack in May 2018 through its startup incubator.







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