KRIZH - RETAIL Architect & Designer KRIZH - RETAIL Architect & Designer

Retail News Flash vom 2.2.2023

News aus dem Handel – sachkundig kommentiert

English Short version
„Full year (1 December 2021 – 30 November 2022)
H&M Group’s net sales increased by 12 per cent in SEK terms to SEK 223,553m in FY2022 This is equivalent to 19.95bn in euros. Excluding Russia, Belarus and Ukraine, the increase was 15 per cent in SEK and 8 per cent in local currencies.
As previously reported, the result for the year was impacted by one-off costs of SEK 2,591m or 231m eurosfor the wind-down of the Russian operations and a cost and efficiency programme.
Operating profit was SEK 7,169m or 639m, which corresponds to an operating margin of 3.2 per cent. this is very low compared to other years, but caused by the one-off effect.
So the costs to get out of Russia, Belarus and Ukraine have left deep marks. They are one-off, but the turnover and profit from these countries will of course be missing in the coming years. These figures give us an idea of how this has also left its mark on other companies. Nevertheless, H&M is healthy. The good thing is that sales have grown without Russia. Inditex has a different financial year, but also reported for the 1st half of their financial year. but has again achieved sensational results for the 1st half of 23/24. Sales grew by 25% and operating profit even grew by 30% to 4bn. So Inditex is still clearly ahead.“
„The French luxury goods group Moët Hennessy Louis Vuitton (LVMH) achieved strong growth in the 2022 business year despite adverse conditions and reached new highs in turnover and profit. The strong figures presented by the company were due in particular to the above-average dynamic development of the fashion division and significant sales increases in Europe, Japan and the USA.
Group turnover amounted to 79.2 billion euros last year, exceeding the 2021 level by 23 per cent. On an organic basis – i.e. adjusted for exchange rate changes and the contributions of newly acquired businesses – the growth rate was 17 percent. Because the gross margin remained constant and operating expenses rose roughly in proportion to turnover, the Group was also able to improve its result strongly. Operating profit adjusted for special effects grew by 23 percent to 21.1 billion euros and also reached a new high. The net profit attributable to shareholders amounted to 14.1 billion euros and was thus increased by 17 percent compared to the previous year. To put this in perspective. LVHM has 4 times as much turnover as H&M and 3 times as much as Inditex and twice as much profit as Inditex combined. That shows where the real money is made.“
„70% of the destination’s retail, restaurant and leisure space is now pre-leased a full 15 months before the mall opens. These include a Breuninger flagship store as well as Boss, Gant, Lacoste, Mango, Scotch & Soda, Levi’s, Zara, H&M, Snipes, Onygo, JD Sports, Bershka, Foot Locker and Stradivarius also joining the line-up. Featuring residential, hotel and office spaces with spectacular architecture, the destination will cater to all needs with exceptional dining and entertainment offerings, including one of the largest LEGOLAND® Discovery Centres in Europe and the Port des Lumières digital arts center.
The project in Hamburg’s HafenCity – one of Europe’s largest urban renewal programs – will welcome its first visitors in spring 2024. The mixed-use project covers a total area of 419,000 square meters and is intended to be a model of sustainability. All buildings will carry BREEAM Communities and BREEAM New Construction Excellent certifications and, for the first time for a major project, DGNB Gold.“

Global lifestyle and accessories brand Herschel Supply Co. continues to expand its retail presence. The Vancouver-based brand, founded in 2009 by brothers Jamie and Lyndon Cormack, currently has seven stores in North America and 50 partner stores in Asia.The most recent store opened Jan. 11 at the CF Chinook Centre in Calgary. „“One more in Toronto, two more in New York, one in L.A. and one in Banff.“ The resort town of Banff (opening planned for summer 23) in Alberta was chosen because locations are sought that unite tourists and locals. Herschel Supply is named after the small Canadian town in Saskatchewan where three generations of the family grew up. The retailer’s first store opened in Gastown in 2018. The products are not trendy, virtually timeless and can be presented both in the malls and in high-end department stores, as it appeals to a wide variety of people.
Nike has taken to Instagram to officially tease its forthcoming Tiffany & Co. x Nike Air Force 1 Low collaboration. Following the success of the release of the Diamond Supply Co. x Nike SB Dunk Low “Tiffany” in 2005, the luxury jewelry imprint has likely been waiting to execute an official collaboration with Nike, and it’s finally going to get its chance. And with the convergence of streetwear/footwear and high-end labels being at an all-time high right now paired with the fact that Tiffany & Co. has already done a collaboration with Supreme, there’s an appetite for this type of project from the sneakerhead community.
In Berlin, a new food hub opened on January 25th in the former Potsdamer Platz arcades. After the Mall of Berlin was redeveloped, it became increasingly difficult to get the right dealers to the once flourishing location and the owner Brookfield had to come up with something new together with their service provider ECE. We interviewed Jonathan Doughey as the main person responsible for the project.

„““By Limitless Innovation (led by Stefano Galassi) and Metaverse Fashion Council (initiated by Anna Karenina)
On the 26th of January 2023 will take place the first Italian event joining Metaverse and Fashion, powered by Limitless Innovation (Dubai) and Metaverse Fashion Council (Los Angeles) “Metaverse X Luxury Symposium” to connect the top luxury brands with the best international web 3.0 innovators. It is an international format that will hold its first edition in Milan on the 26th of January, 2023, and hosted in the UniCredit tower with 50 C-Level executives of the Luxury and Tech industry.
Selection of international scaleups like DRESSX – The Fabricant -Threedium with the speakers bringing their vision and contribution to developing the future digital ecosystem in the format resembling the TED Conferences Talk.
Innovators from the best global organizations: Chalhoub Group Dubai, the biggest luxury group in the Middle East; Outlier Ventures, London Premium Web3.0 fashion accelerator, Istituto Marangoni, and many more.“““

„M&M advertises with characters called Spokescandies and these M&M characters are supposed to represent a diverse society. To make its M&M sweets more representative, US food company Mars Inc. last year changed the footwear of one of its M&M chocolate figures from high heels to sneakers and added new female characters to the group. The brand wanted to make a stronger commitment „“to a diverse and inclusive society““, the group wrote. .In September, a new member of the Spokescandies was introduced: Purple is female and, according to the company, is meant to represent „“acceptance and inclusion““ – purple is considered one of the colours of the LGBTQ community. Not everyone agreed In the USA, this was met with criticism from the right: a well-known presenter made fun of it or complained about it on his channels. Mars then posted an Instagram statement saying, „“America, we need to talk.““ The criticism was unexpected and the advertising was not intended to polarise, but to bring people together. Therefore, the advertising campaign for the Spokescandies will be stopped indefinitely.

Kurzform für englische Übersetzung

englische Kurzform
„Full year (1 December 2021 – 30 November 2022)
H&M Group’s net sales increased by 12 per cent in SEK terms to SEK 223,553m in FY2022 This is equivalent to 19.95bn in euros. Excluding Russia, Belarus and Ukraine, the increase was 15 per cent in SEK and 8 per cent in local currencies.
As previously reported, the result for the year was impacted by one-off costs of SEK 2,591m or 231m eurosfor the wind-down of the Russian operations and a cost and efficiency programme.
Operating profit was SEK 7,169m or 639m, which corresponds to an operating margin of 3.2 per cent. this is very low compared to other years, but caused by the one-off effect.
So the costs to get out of Russia, Belarus and Ukraine have left deep marks. They are one-off, but the turnover and profit from these countries will of course be missing in the coming years. These figures give us an idea of how this has also left its mark on other companies. Nevertheless, H&M is healthy. The good thing is that sales have grown without Russia. Inditex has a different financial year, but also reported for the 1st half of their financial year. but has again achieved sensational results for the 1st half of 23/24. Sales grew by 25% and operating profit even grew by 30% to 4bn. So Inditex is still clearly ahead.“
„The French luxury goods group Moët Hennessy Louis Vuitton (LVMH) achieved strong growth in the 2022 business year despite adverse conditions and reached new highs in turnover and profit. The strong figures presented by the company were due in particular to the above-average dynamic development of the fashion division and significant sales increases in Europe, Japan and the USA.
Group turnover amounted to 79.2 billion euros last year, exceeding the 2021 level by 23 per cent. On an organic basis – i.e. adjusted for exchange rate changes and the contributions of newly acquired businesses – the growth rate was 17 percent. Because the gross margin remained constant and operating expenses rose roughly in proportion to turnover, the Group was also able to improve its result strongly. Operating profit adjusted for special effects grew by 23 percent to 21.1 billion euros and also reached a new high. The net profit attributable to shareholders amounted to 14.1 billion euros and was thus increased by 17 percent compared to the previous year. To put this in perspective. LVHM has 4 times as much turnover as H&M and 3 times as much as Inditex and twice as much profit as Inditex combined. That shows where the real money is made.“
„70% of the destination’s retail, restaurant and leisure space is now pre-leased a full 15 months before the mall opens. These include a Breuninger flagship store as well as Boss, Gant, Lacoste, Mango, Scotch & Soda, Levi’s, Zara, H&M, Snipes, Onygo, JD Sports, Bershka, Foot Locker and Stradivarius also joining the line-up. Featuring residential, hotel and office spaces with spectacular architecture, the destination will cater to all needs with exceptional dining and entertainment offerings, including one of the largest LEGOLAND® Discovery Centres in Europe and the Port des Lumières digital arts center.
The project in Hamburg’s HafenCity – one of Europe’s largest urban renewal programs – will welcome its first visitors in spring 2024. The mixed-use project covers a total area of 419,000 square meters and is intended to be a model of sustainability. All buildings will carry BREEAM Communities and BREEAM New Construction Excellent certifications and, for the first time for a major project, DGNB Gold.“
englische kurzform
Global lifestyle and accessories brand Herschel Supply Co. continues to expand its retail presence. The Vancouver-based brand, founded in 2009 by brothers Jamie and Lyndon Cormack, currently has seven stores in North America and 50 partner stores in Asia.The most recent store opened Jan. 11 at the CF Chinook Centre in Calgary. „“One more in Toronto, two more in New York, one in L.A. and one in Banff.“ The resort town of Banff (opening planned for summer 23) in Alberta was chosen because locations are sought that unite tourists and locals. Herschel Supply is named after the small Canadian town in Saskatchewan where three generations of the family grew up. The retailer’s first store opened in Gastown in 2018. The products are not trendy, virtually timeless and can be presented both in the malls and in high-end department stores, as it appeals to a wide variety of people.
Nike has taken to Instagram to officially tease its forthcoming Tiffany & Co. x Nike Air Force 1 Low collaboration. Following the success of the release of the Diamond Supply Co. x Nike SB Dunk Low “Tiffany” in 2005, the luxury jewelry imprint has likely been waiting to execute an official collaboration with Nike, and it’s finally going to get its chance. And with the convergence of streetwear/footwear and high-end labels being at an all-time high right now paired with the fact that Tiffany & Co. has already done a collaboration with Supreme, there’s an appetite for this type of project from the sneakerhead community.
In Berlin, a new food hub opened on January 25th in the former Potsdamer Platz arcades. After the Mall of Berlin was redeveloped, it became increasingly difficult to get the right dealers to the once flourishing location and the owner Brookfield had to come up with something new together with their service provider ECE. We interviewed Jonathan Doughey as the main person responsible for the project.
englische Kurzform

„““By Limitless Innovation (led by Stefano Galassi) and Metaverse Fashion Council (initiated by Anna Karenina)
On the 26th of January 2023 will take place the first Italian event joining Metaverse and Fashion, powered by Limitless Innovation (Dubai) and Metaverse Fashion Council (Los Angeles) “Metaverse X Luxury Symposium” to connect the top luxury brands with the best international web 3.0 innovators. It is an international format that will hold its first edition in Milan on the 26th of January, 2023, and hosted in the UniCredit tower with 50 C-Level executives of the Luxury and Tech industry.
Selection of international scaleups like DRESSX – The Fabricant -Threedium with the speakers bringing their vision and contribution to developing the future digital ecosystem in the format resembling the TED Conferences Talk.
Innovators from the best global organizations: Chalhoub Group Dubai, the biggest luxury group in the Middle East; Outlier Ventures, London Premium Web3.0 fashion accelerator, Istituto Marangoni, and many more.“““

englische Kurzform
„M&M advertises with characters called Spokescandies and these M&M characters are supposed to represent a diverse society. To make its M&M sweets more representative, US food company Mars Inc. last year changed the footwear of one of its M&M chocolate figures from high heels to sneakers and added new female characters to the group. The brand wanted to make a stronger commitment „“to a diverse and inclusive society““, the group wrote. .In September, a new member of the Spokescandies was introduced: Purple is female and, according to the company, is meant to represent „“acceptance and inclusion““ – purple is considered one of the colours of the LGBTQ community. Not everyone agreed In the USA, this was met with criticism from the right: a well-known presenter made fun of it or complained about it on his channels. Mars then posted an Instagram statement saying, „“America, we need to talk.““ The criticism was unexpected and the advertising was not intended to polarise, but to bring people together. Therefore, the advertising campaign for the Spokescandies will be stopped indefinitely.