Retail News Flash vom 24.11.2023
Shownotes
"The French wholesale marketplace Vestiaire Collective is banning fast fashion items from its website. Products from this sector will no longer be bought, sold or listed on the platform from this week, Vestiaire Collective announced. As of Black Friday, the company is removing fast fashion brands from its platform. This move is part of the company's three-year mission to tackle waste in fashion. This includes Shein, but also: Asos, Atmosphère, Boohoo, Burton, Coast, Dorothy Perkins, Fashion Nova, Karen Millen, Miss Selfridge, Missguided, Na-Kd, Nasty Gal, Oasis, Pretty Little Things, Topman and Topshop as well as Warehouse.
For years, online business was seen as a growth driver for the German retail sector. However, the industry is now struggling with headwinds - and the important Christmas period is also likely to be difficult for many companies.online orders went through the roof in times of corona. However, the boom in e-commerce has now subsided. According to a new forecast by the German Retail Association (HDE), e-commerce sales will fall by four per cent in the Christmas period, and the HDE is also predicting a real decline of 4.3 per cent online for 2023. By comparison, sales in the retail sector as a whole (online and bricks-and-mortar) are only expected to fall by four per cent on a price-adjusted basis, according to the HDE.
The Werhahn family business is not resting. After CEO Paolo Dell'Antonio announced his departure in mid-September, Erich Schiffers, head of the cookware and knife manufacturer Zwilling, is now also surprisingly leaving the group. His successor will be management consultant Michael Kamm.
The Austrians' top 5 Christmas markets: Vienna Christmas market on Rathausplatz Salzburg Christmas market on Domplatz and Residenzplatz Christmas market on the main square in Graz Christmas market on Spittelberg (Vienna) Schönbrunn Palace Christmas Market (Vienna) & LUMAGICA Kronnprinzenpark
In Germany, Woolworth has been one of the most successful retail companies for several years now, opening more than 100 new stores every year. In Austria, the store network is set to grow to more than 30 locations by the end of 2024. Until the insolvency of the old Woolworth company in 2009, the company was already represented with locations in Austria. With its distinctive retail concept, the company sees potential for over 1,500 department stores in Germany and the opportunity to bring the necessary footfall to city centres in order to strengthen them in the long term. Woolworth employs over 10,000 people, offers 15 different training and further education programmes and takes on around 200 trainees nationwide every year.
ON Running opens second store on 310m2 in London Spitalfields after their successful opening on Regent Street.
Recently the Mall of The Emirates flagship branch closed down and recently reopened with even a Café inside. The store also has a brand new concept of ’boutique’ areas where the latest products are available in an organised manner.
We’re talking a lingerie section (which is brand new to Dubai) as well as beauty, origins, footwear and accessories.
"The Danish clothing group Bestseller A/S has opened five new shops in one go in the Indian high-tech metropolis of Bengaluru (Bangalore). The stores of the Bestseller Group brands Vero Moda, Jack & Jones, Only, Selected Homme and Jack & Jones Junior are all located in the Phoenix Mall of Asia shopping centre The regional subsidiary Bestseller India now operates 209 Group brand shops and 1,165 shop-in-shop spaces. In total, the Bestseller Group has more than 2,800 stores worldwide. "
The clothing retail chain C&A is on course for expansion with 100 new shops in the next 3 years. According to the company, its growth plans are focussed primarily on Romania, Poland and Italy. Further shops are to be opened in Madrid, Amsterdam, Paris and Milan in 2024. C&A currently operates 1300 shops in 17 countries, almost 400 of which are in Germany. According to the company, it has already modernised two thirds of its stores.
Brand of the Month November: C & A! As a sixth-generation family business, it is innovation that drives C&A forward - just as the brothers Clemens and August Brenninkmeijer (the C and A behind the company name) did when they set out to change the fashion world in 1841. First shops in the Netherlands in 1881. These shops offered prefabricated ready-to-wear goods, as opposed to the customised and colonial goods that had been common before. The first foreign C&A shop opened in Berlin in 1911, followed by Great Britain in 1922. The first shop in the USA was opened in 1948. In the 1960s, C&A sold the miniskirt and co-operated with Twiggy. In the 1970s, C&A's global expansion took off: In addition to numerous first shops in European countries, Brazil and Japan were also added as sales markets. In 1981, Yves Saint Laurent and Karl Lagerfeld worked together with C&A. Since January 2021, Giny Boer, previously with Ikea, has been CEO of C&A Europe, the only part of the textile company that remains with Cofra Holding.[3] She has been tasked with modernising the department stores' chain by 2024 and adapting it better to the changing market; Giny Boer is the first woman at the helm of C&A in Europe. With her, more women have moved into the top management ranks of the fashion company, where 90 per cent of the employees are women and 80 per cent of the shops are already managed by women.
From luxury bin liners to shoelace earrings: Balenciaga always manages to cause a stir with unconventional products. The French brand's spring 2024 collection also caused plenty of discussion - especially after the prices of the new pieces were revealed. The cotton terry towel skirt costs a whopping 700 euros and is, well, a towel…
"Hold on tight please: 1 million for a handbag!!! The new "Millionaire Speedy Bag" is part of the first collection by Pharrell Williams, the creative director of Louis Vuitton's men's line, and is made to order in the colours yellow, red, green, brown and blue.
You can now get Crocs McDonalds edition in different versions for EUR 75 per pair.
QUELLEN:
RetailTalk mit Rainer Will: https://retailnewsflash.podlink.to/retailtalk01
https://fashionunited.de/nachrichten/einzelhandel/hackett-eroeffnet-store-fuer-premium-linie-in-london/2023112154001 www.fashionunited.in/news/retail/on-to-open-second-london-store-in-spitalfields
https://www.timeoutdubai.com/news/zara-mall-of-the-emirates
https://www.across-magazine.com/c-a-plans-to-open-100-new-shops-in-europe-over-the-next-three-years/
https://www.balenciaga.com/de-de/balenciaga-towel-rock-beige-768726TPP919501.html
https://www.crocs.de/c/kollektionen/weitere-kollektionen/mcdonalds
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