News aus dem Handel – fachkundig kommentiert
English short version:
Numerous luxury companies have published their results in the last 14 days. With a few exceptions, one can say: luxury is booming. Miu Miu +50%, Hermes 25.2%, LVMH 20%, Prada 18%. Moncler 24%, ZEgna and Todds at over 20%. On top of that, margins have increased significantly. Hermes 44% , LVMH 40.5%, Gucci, 35% Prada 22%, Moncler 19%. So there is real money being made. Only Gucci weakened with only 1% growth. But the big clean-up has already begun. Bosses out, new bosses on board. Fireworks of new collections in the pipeline. But that points the way to success. Creation, craftsmanship, pop-up stores that people talk about, digitalisation.
Yves Rocher is closing its shops. After many branches of Galeria Kaufhof, Reno and Goertz, the French cosmetics company is also saying goodbye to German city centres. „With its current business model, Yves Rocher is no longer able to operate sustainably and successfully,“ the company announced. The 140 shops are to be gradually closed in the coming months. Up to 9,000 shops will close their doors for good this year. In a normal pre-crisis year, this figure was 5,000,“ predicts the HDE. The obvious interpretation: the internet was simply slept through and not taken seriously. Among other things, this led to the company not reaching the younger target group. So once again the call to all retailers to look at the linking of their sales channels and not to hope that without changes the biggest inflation of the post-war period, the changed buying habits can be overcome by waiting. Look at the success of the luxury industry.
„The Japanese sports shoe specialist Asics once again increased its sales in Europe in the second quarter of the 2023 financial year. In the months of April to June, net sales grew by 12.1 percent compared to the corresponding prior-year level, the subsidiary Asics EMEA said on Tuesday.
The operating margin in the region, which includes Europe, the Middle East and Africa, reached a level of 10.4 percent in the past quarter. All product categories contributed to the profitable growth, the company explained.“
„The Lyst Index is a quarterly ranking of the hottest fashion brands and products. Lyst is a fashion technology company and premium shopping app used by more than 200 million people each year to discover and purchase items from brands and stores. The formula behind the Lyst Index takes into account Lyst shoppers‘ behavior, including searches on and off the platform, product views and sales. To determine brand and product awareness, the formula also incorporates social media mentions, activity and engagement statistics worldwide over a three-month period. Ranked #1 Loewe ( Q1/2023 at #5), followed by Prada (#1) and Versace ( #8) Moncler this quarter at #8 has not been able to hold the baton and has dropped 5 places. The link to the index: https://www.lyst.com/data/the-lyst-index/q223/
Art Deco movement synonymous with the brand’s overall aesthetic. It serves as the inspiration for the brand’s new direction, which was unveiled at the reopening of the Madison Avenue boutique. Perspectives and classic languages such as columns, architraves, symmetries and enfilades were used- Through the materials used such as oxidized and hammered brass.The store is located in the former Emilio Pucci store on the corner of 71st and Madison, a few doors down from where it was before. Neighbors include Ralph Lauren, a block away, The RealReal directly across the street and John Elliott next door. Other future locations include South Coast Plaza in Costa Mesa and Riyadh, Saudi Arabia. The Lanvin deputy manager said that region is a big priority.g, limestone, marmorino and beige velvet give the store a sparse look without being cold.
„““Abercrombie & Fitch opens flagship store 130 years after first opening.
The new multi-level store at 668 Fifth Avenue, between 52nd and 53rd streets, features Abercrombie & Fitch’s women’s and men’s collections, as well as dedicated shop-in-shop space for the children’s brand Abercrombie Kids and the adult activewear brand YPB (Your Personal Best).The new Abercrombie & Fitch store is designed to feel like an open space. This is achieved through the use of light sources such as illuminated walls, curved columns and eccentric chandeliers. The storefront is made of slate, alongside wood, textiles, greenery and textured walls. Parent company Abercrombie & Fitch Co. reported in its latest trading update in May that its Abercrombie label saw sales rise 14% in the quarter, while its Hollister brand fell 7%.The Ohio-based company said it now expects net sales to increase 2% to 4% in 2023″“
“ For the first time in Los Angeles fashion history, French house Givenchy has a store.To celebrate the opening of its Rodeo Drive boutique, the Givenchy’s team chose Hollywood’s Fuller House, the former home of successful Hollywood producer Samuel Goldwyn, the man behind two of the world’s biggest film studios, Paramount Pictures and Metro-Goldwyn-Mayer.
Located at 413 North Rodeo Drive, Givenchy’s store is a 6,500-square-foot space, where creative director Matthew M.Williams‘ collections are presented in a metallic and silver décor, around tiger fabric sofas, giant screens highlighting the various accessories and sculptures created by British artist, Ewan MacFarlane.
„In March, the Düsseldorf streetwear label Live Fast Die Young (LFDY) announced its international expansion with a
flagship store in London. The shop in the Soho district was opened last Saturday. On Poland Street
Since then, the brand has been offering its collections on an area of 90 square meters.
For LFDY, the new store is the seventh and at the same time the first outside of mainland Europe.“
Under Amour’s new flagship store on Oxford street in London is a „significant milestone EMEA is Under Armour’s fastest growing region in fiscal 2023″“. The store’s design is inspired by the City of London and the London Underground. Furthermore, features such as interactive touchscreens were also used to learn about the products and their benefits, and networked changing rooms were also incorporated. There is also hand-painted artwork by local artist Jim Vision.
Following other openings already completed at Battersea Power Station, Westfield Stratford and the Liverpool One, Under Amour now has 200 monobrand stores in the EMEA region. “
Until Saturday, August 12, fans of Copenhagen Fashion Week can style avatars in Drest. Copenhagen Fashion Week is partnering with Drest for Metaverse fashion challenges. Drest has raised $19.1 million to explore Web3 potential with luxury brands. The collaboration aims to capture the energy of Copenhagen Fashion Week, from runway shows to street style. It will highlight Nordic brands such as Ganni, Remain, Cecilie Bahnsen and also Stine Goya. This will be achieved by integrating brand storytelling and custom digital backgrounds with iconic Danish landmarks.
H&M sues Shein for copyright infringement. The copycat is suing the copier. The fast fashion company is said to have stolen many of its competitor’s designs. It could become a precedent in the fight against Chinese online retailers.According to Bloomberg, H&M boss Helena Helmersson (50) is now demanding damages and obtained an injunction against the rival from China in a Hong Kong court. As evidence, H&M presented the court with photos of dozens of items, including swimwear, jumpers and shirts, at a hearing on Friday.
The british Skateboard brand Palace releases a cooperation with McDonalds 14.08.2023. We stay tuned!