Retail News Flash vom 01.03.2024

Shownotes

"The Chinese company SHEIN, which we have already reported on several times and which sells dresses for USD 8, shirts for USD 5 and costume jewelry for USD 2, is really shaking up the industry. According to Coresight Reasearch, SHEIN (which plans to IPO next year) is the world's largest fast fashion retailer with an estimated market value of 18%, closely followed by Inditex with 17% and H&M with 5%. In total, TEMU and SHEIN send around 400,000 parcels to Germany every day"

Around a year ago, the holding company Hermione People & Brands filed for bankruptcy protection for 26 Galeries Lafayette stores owned and operated by Bordeaux businessman Michel Ohayon.

The sustainable shoe brand Veja has opened a 100 m2 shoe repair store in Paris. GENERAL STORE Despite the name, the "General Store" is not a store, but a hub that aims to extend the life of shoes through repairs. Clothing is also repaired. There is also a small, curated product range. The store is open 7 days a week.

"FENDI has relocated its Amsterdam store in the PC Hoofstraat to a space that is twice as large as the previous one at 598 square meters. The store extends over three floors of two interconnected red brick buildings. Reflective mirror bricks were incorporated into the traditional red brick façade, forming a wave-like pattern, and a matching metal plinth was added. The interior continues the latter fusion, offering a series of sophisticated yet cozy spaces throughout the building."

Saint Laurent opens book and music shop in Paris.

"Hanro celebrates its 140th anniversary in 2024. The underwear company has now opened its second store in its home country in Zurich. Until now, the Huber subsidiary had only operated a boutique in Switzerland in the upscale winter sports resort of Gstaad.The new Zurich store is located at REnnweg 57, close to the luxurious Bahnhofstrasse shopping street and the Jelmoli department store. Lingerie, nightwear and loungewear for men and women are offered on a sales area of 190 square meters. HANRO is present in almost 50 countries, including 13 of its own stores in Dubai, New York, Amsterdam, Rome, Munich, Gstaad and now Zurich.

"Louis Vuitton recently opened its first retail space for VICs (Very Important Clients) in Ngee Ann City, Singapore - the first in the region to introduce the new apartment concept. VICs is the industry term for the top 1 percent of a brand's clientele. The renovated space on the second level is located directly above the largest Louis Vuitton women's store in Singapore, which reopened in August 2023 after an extensive refurbishment. Louis Vuitton first opened in Ngee Ann City in 1996. The 690 square meter space, designed like a chic French apartment, is divided into a showroom area, the main hall and gallery - reminiscent of a spacious foyer in an apartment - and three salons, each of which can be closed off for a private shopping experience."

The Munich-based luxury fashion retailer Mytheresa has now launched an app for Apple Vision Pro. The technology platform Obsess was a partner in the development of the immersive online shopping project, which uses the iOS app to "whisk" users away to Capri and Paris for digital luxury shopping. Tours of current collections and exclusive capsules are presented. Top customers can take advantage of a curated styling session with a personal shopper.

EuroCIS, The Leading Trade Fair for Retail Technology, closed its doors on Thursday, February 29, 2024, with an impressive success. Over 13,500 trade visitors from 95 countries came to the exhibition center in Düsseldorf to discover the latest innovations and technology trends in retail and discuss them with the 475 exhibitors from 41 countries. Startup Geddid - live shopping // self checkout solutions, seamless shopping payfree, payment also paperless, ESL ( electronic shelf labels) paper based AM Labels sensormatic were the top topics. To read more: https://www.across-magazine.com/category/ticker/

Lego fans developed an app "BrickIt" to better use old lego stones. You can scan the old stones and you get an instruction on what you can still build with it.

lollipop holder for chupa chups next to the fendi fortune plate (390,- euro) the most sensual product ;-) Guests at the Fendi Fall 2024 show in Milan were treated to an unexpected fashion accessory. The brand, led by creative director Kim Jones, presented its collaboration with confectionery manufacturer Chupa Chups: a lollipop holder

adidas plans a further sale of their Yeezys, this should bring in additional sale of EUR 250 Mio.

Quellen:

https://uk.fashionnetwork.com/news/Under-pressure-from-shein-h-m-reaches-for-upmarket-shoppers,1587137.html#hui

https://uk.fashionnetwork.com/news/Galeries-lafayette-a-new-reprieve-for-the-26-stores-owned-by-michel-ohayon,1607770.html#hui

https://www.retaildetail.eu/news/fashion/in-the-picture-veja-opens-repair-shop-in-paris/

https://cpp-luxury.com/balenciaga-opens-new-store-in-dubai-at-mall-of-the-emirates/

https://cpp-luxury.com/louis-vuitton-opens-in-singapore-its-first-ultra-luxury-store/

https://cpp-luxury.com/fendi-opens-new-store-in-amsterdam-at-pc-hoofstraat/

https://de.fashionnetwork.com/news/Hanro-eroffnet-neuen-store-in-zurich,1605771.html

https://fashionunited.de/nachrichten/einzelhandel/neues-kapitel-saint-laurent-eroeffnet-buchhandlung-in-paris/2024020955196

https://at.fashionnetwork.com/news/Mytheresa-launcht-immersive-shopping-app-fur-apple-vision-pro,1604245.html

https://www.across-magazine.com/eurocis-2024/ https://www.across-magazine.com/eurocis-2024-part-2/ https://www.across-magazine.com/eurocis-2024-part-3/