Retail News Flash Podcast vom 03.02.2024 mit Gast Viola Molzen

Shownotes

The KaDeWe Group has also filed for bankruptcy. The operation of the houses continues and it is hoped that the insolvency in self-administration will allow them to get out of the expensive rental contracts.

H&M, the second largest listed fashion retailer in the world after Inditex, announces that it will close 28 stores in Spain. which affects 588 employees. The company's annual report shows that H&M has 133 stores in Spain and employs almost 4,000 people. This means that 15% of the workforce will have to leave the company.

"Inflation and consumer restraint following the pandemic made the company’s own bricks-and-mortar stores in prime locations such as Munich’s Luitpoldblock and Hamburg’s Hohe Bleichen increasingly unprofitable.

The first store was opened in Hamburg in 2014 and now, shortly before its 10th anniversary in May 2024, all of its own stores in Germany will be closed at the end of the month.The brand will continue to be available in Germany via existing partners and wholesalers."

Vinted was founded in Lithuania in 2008 and acquired the Dutch company United Wardrobe in 2020. This year, the German fashion marketplaces Kleiderkreisel and Mamikreisel, which already belonged to the company, were also merged and continued under the name 'Vinted'. The platform now has around 80 million registered members in 21 markets in Europe and North America, including 14.5 million users in Germany alone.

"Etro has already gained initial experience with tailor-made products in key markets in North America and Japan. Etro-Unique is a store concept that combines the possibility of personalization with the highest quality standards of the customers. This bespoke tailoring is a continuation of the brand’s tradition and a new form for customers who value individuality between timeless elegance and casual styles. A seamless continuation of the fashion house’s heritage.The made-to-order service at Via Monte Napoleone 5 in Milan is only available by appointment. Customers can not only choose between the different slim, regular and comfort silhouettes, but also select from a potpourri of 80 fabrics, 45 linings, 34 interlinings for ties, 28 button models and 9 collar felts, depending on their mood.

"To conceal a construction site that will apparently be shut down for the duration of the Olympic Games, an entire building has been clad in a massive wood and aluminum installation that replicates the iconic monogram suitcase of the French luxury brand.

The world's first Louis Vuitton hotel is to be built here on the famous Champs-Élysées 103-111 boulevard in Paris, complete with boutique, of course. The building once served as a grand hotel - the Élysée Palace Hôtel - and later housed the headquarters of HSBC Bank. As the brand revealed on X (formerly Twitter), the renovation work for the new project is already underway. The hotel is to cover a total area of 6,000 square meters. According to experts, the fashion house will pay annual rental costs of 60 million euros for the use of the building. Further details have so far remained under wraps. Rumor has it that a night in the new luxury accommodation will cost 10,000 euros. The palace is due to open in 2026."

"Luxury house Dior is opening its first spa in the Middle East and has chosen the cosmopolitan city of Dubai to make its debut in the region. The 4,305 square meter spa is located in the Emirati capital and will open on April 15 at The Lana, a Dorchester Collection hotel on the 20th floor.

The interior of the Dior Spa features natural and soft tones such as cream and beige, complemented by light wood, and splashes of blue and white thanks to the blankets and pillows.

The spa will house five single rooms and one double suite. The treatment list includes facials for women and men, muscle-loosening treatments, D-Sculpt for body toning, hydrafacials and more. There is also a treatment called Dior Stone Therapy, which uses semi-precious stones, micro-abrasion technology and LED light therapy."

"The Arket brand, which belongs to the Swedish clothing group Hennes & Mauritz AB (H&M), is taking the next step in Switzerland. On Monday, the label announced that it will open a new flagship store in Geneva in the spring. This will be Arket's second store in the country. Just last November, the clothing retailer celebrated its premiere in Switzerland with the opening of a store in Zurich."

"Karo Kauer is continuing to expand with her label named after her. Following the pop-up in Cologne and the flagship opening in her hometown of Eislingen, the influencer and entrepreneur is now opening a store in Hamburg. The new boutique in the Westfield Überseequartier is set to open in April. Kauer has rented around 100 square meters of retail space there. The store design will be ""stylistically oriented towards the Hanseatic city"", according to the 32-year-old Swabian, who initially launched her own online store for her fashion label in 2020.

"The Spanish clothing retailer is opening a virtual store on Roblox. In collaboration with its digital partner BrandNewVerse, Mango has taken on an important role in the development of the ""Outfit Shopping Mall"", which is due to open this month on a Mediterranean island within Roblox. The aim is to strengthen the commitment to innovation and create an ecosystem that provides differentiated experiences, products and services for customers in physical, digital and virtual worlds.

"Tiffany & Co. has opened a flagship store on Alibaba Group‘s e-commerce platform, Tmall. The Tmall Luxury Pavilion, Alibaba’s dedicated venue for high-end brands, serves as a crucial launchpad for Tiffany & Co. to connect with Chinese luxury consumers in the digital realm.

Tiffany & Co.’s debut on Tmall Luxury Pavilion complements its network of 41 brick-and-mortar boutiques across China, including seven in Shanghai alone. To celebrate the launch, Tiffany’s Luxury Pavilion store premiered a limited-edition rose gold pendant shaped like a key and adorned with pink sapphires.

The brand also aims to entice Tmall Luxury Pavilion users with exclusive perks, such as special mobile screen backgrounds, free personalized engraving, and customized jewelry pouches upon reaching cumulative spending thresholds." In the last episode, I reported on the NRF trade fair. You can read the highlights in the show notes!

The life of US musician Pharrell Williams comes to the screen as a Lego film in October 2024. The Danish toy manufacturer and the 50-year-old pop star recently announced this.

Links:

"https://www.textilwirtschaft.de/business/news/kadewe-alsterhaus-und-oberpollinger-kadewe-gruppe-meldet-insolvenz-an-243606

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/kadewe-alsterhaus-co-kadewe-gruppe-meldet-insolvenz-an/100011270.html"

https://de.fashionnetwork.com/news/H-m-streicht-in-spanien-einen-funftel-der-verkaufsstellen-und-588-arbeitsplatze,1598979.html#saks-potts

https://www.across-magazine.com/paul-smith-closes-all-stores-in-germany/ https://fashionunited.de/nachrichten/business/secondhand-fusion-rebelle-wird-vinted/2024011854823

LYST Index: https://www.lyst.com/data/the-lyst-index/q423/

Vogue Business Index: https://cpp-luxury.com/gucci-ranks-ahead-of-dior-in-vogue-business-index/

https://www.across-magazine.com/etro-unique-first-store-for-mens-bespoke-tailoring-in-milan-has-opened/

https://www.msn.com/de-at/lifestyle/other/louis-vuitton-g%C3%B6nnt-sich-sein-erstes-luxushotel-auf-den-champs-%C3%A9lys%C3%A9es/ar-BB1h5byC?ocid=msedgntp&pc=HCTS&cvid=224585037b5c4661b9cd7430d06b2c76&ei=10

https://fashionunited.de/nachrichten/einzelhandel/expansion-in-der-schweiz-arket-kommt-nach-genf/2024012254890?scid=pzwVu5UCOf&utm_medium=social&utm_source=linkedin&utm_campaign=linkedin+de&id=Ypj1AiyzIP

https://de.fashionnetwork.com/news/Karo-kauer-eroffnet-store-in-hamburg,1598498.html

Foodservice Magazin, Ausgabe 1 2024