Month: November 2019

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JAM numbers increase

November 4, 2019 | News | No Comments

Fashion fair JAM increased its exhibitors and visitor numbers with 30% from 30th January to 1st February 2009. Over 10.400 interested visitors came to the Rheinparkhallen exhibition centre to view the collections presented by 370 exhibitors. The areas included Denim, Sportswear, Streetwear, Young Fashion and Accessories. The product-focused trade fair offered a wide selection and mainly attracted Netherlands and Belgium. On Saturday evening, about 1.500 guests participated in the so-called JAM sessions at the Rheinterrassen Cologne at the after event featuring K-Swiss YUM YUM DJ. The numbers of the Sunday were higher in comparison to the two preceding fair days.

Even though some news concerning the Berlin trade fair business caused concern amongst exhibitors and visitors, the overall response to JAM was positive. “However, thanks to our concept as a working trade fair, we are not in direct competition and will continue to offer a platform for top-quality brands in the medium segment. We are further sharpening our profile and are working on expanding the exhibitor portfolio by new market segments,” explains Günther Sommer, JAM Marketing and Sales Manager.

The dates for the next JAM event in July ’09 will be confirmed shortly.

Image: JAM AW09

Sapph, no longer ‘girls only’

November 4, 2019 | News | No Comments

The fastest growing Dutch lingerie brand has just introduced its line for men. SAPPH MEN is made up of shorts in various colours and prints, for the most part well integrated with the female line’s colours and designs. That’s one sure way to get the picture right. The first billboards are already out there, showing /’Did you buy a pair of Sapph’s for you boyfriend yet…’ *

That would appear a smart move, as Sapph has reached a million female customers. Excellent timing as well, just before the Christmas holidays. The Sapph marketeers know very well a lot more lingerie than usual is sold this time of year. These, after all, are Cor van Schoonhoven, founder, and Rob Heilbron, marketeer by birth, the guys who succeeded in conquering the lingerie market in less than two years with their eye-catching billboards. Their *proud-to-be *strategy is working brilliantly. The points-of-sale counter is still rising, currently at 360, and shows no sign of running out of steam. Outside The Netherlands interest is increasing as well in the up and coming brand so strongly focussed from day one on the lingerie that fits young and strong, independent women everywhere.

And now it’s the men’s turn. The new line consists of (long) shorts in various colours, chosen to match the women’s line perfectly. Lots of black, royal blue and anthracite, with stitchings in contrasting colours. Apart from the coloured shorts, there are a number of prints available, ranging from snake print to tattoo designs, from checkered flag to NY City stills. Materials used are naturally cotton, but spandex and microfibers as well. Sizes range from S to XL, with prices from € 14.95 to € 17.95. The special SAPPH MEN Christmas Collection is just a tongue-in-cheek take on the women’s line, exemplified by ‘his’ short in the very same tartan design as ‘her’ lingerie.

To make a long story, well… , short, SAPPH MEN could very well turn out to be a big splash yet again for the guys who shook up the lingerie market.

See for yourself: www.sapphlingerie.com

Seasonless fashion at Lost & Found

November 4, 2019 | News | No Comments

According to Womenswear Daily, art collectors may be the latest guardian angels of the fashion world. Such is the case for Lost & Found, a young Tuscany-based fashion label that has contracted Alain Dominique Perrin, executive director of Compagnie Financière Richemont and president of The Cartier Foundation, as an investor.

Based on seasonless clothing using artisanal techniques and natural fabrics and dyes, Canadian Ria Dunn runs the brand with her partner, Italian architect Alessandro Esteri. Its second collection is being presented at the No Season showroom in Paris this week.

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M&S in supplier controversy

November 4, 2019 | News | No Comments

Marks & Spencer was accused of hypocrisy yesterday when it emerged that the retailer shared suppliers with Primark, only a day after it attacked the discount fashion industry over subsistence wages.

Sir Stuart Rose, the executive chairman of M&S, told its shareholders on Wednesday: “You cannot sell a T-shirt in the UK for £2 and pay the designer and pay for the raw materials and pay the manufacturer and pay the rents and pay the rates and pay the carriage and pay the insurance and pay the freight — and pay a fair living wage to the person who made it. I won’t sell a T-shirt for £2.”

However, Associated British Foods (ABF), the owner of Primark, cast a shadow over M&S’s ethical stance by confirming yesterday that it shared some suppliers with its upmarket rival. John Bason, the group finance director of ABF, said: “Sometimes people think Primark sources from people different to everyone else on the high street.”

For the first time, Istanbul will be presenting its enormous power in fashion during Istanbul Fashion Days from August 26 to 29, 2009. The motto of this project is ‘Strong ideas create strong realities’. This international event will bring together the elite of Turkish fashion industry and the designers’ scene from Istanbul. Organizers are iTKiB, the Turkish Exporters’ Association for Textile and Ready-to-Wear, the Fashion Designers’ Association and the in 2007 newly founded dynamic Istanbul Fashion Academy which presents the highest education level for young designers.

The event will be celebrated in the whole city and visitors from all over the world are expected. Historic buildings have been selected for giving a unique fashion ambiance. Mr. Hikmet Tanriverdi, Chairman iTKiB, says: ‘ Istanbul, a European.

Fashion Capital, will from now on be joining the international fashion shows calendar like London, Paris, Milan, New York. Istanbul as one of the most fascinating metropolises in the world will emphasize its brilliance for creativity and culture. Specially, as Istanbul will be the Capital City of Culture in 2010.’

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New names at Moda Beach

November 4, 2019 | News | No Comments

Swimwear fair Moda Beach is launching a new swim and beachwear zone this August. The exhibition already features some of the leading premium swimwear collections and up-and-coming talent from the industry. Swimwear label Fantasie will be making its debut at Moda Beach. Its latest collection of stylish, easy to wear swimwear is characterized by sophisticated styles and retro designs. Alongside swimwear brand Freya presenting its range of great fitting swimwear with a modern twist, Moda Beach will also present quality Dutch swimwear labels After Eden, Catamar and Nickey Nobel.

New to the UK and launching at Moda Beach is Portugese label Emar with its bold swimwear collection, French swimwear brand Iodus presenting its new range featuring unusual shapes and fabrics and Jamu of Australia designed by Lydia Leong.

The brand line-up already includes industry leaders such as Gottex, Gideon Oberson, Moontide, Moontide Eclipse, Calvin Klein Swimwear, Sunflair, Opera, Sunmarin, Miraclesuit, Magicsuit, Pour Moi, Anita Rosa Faia, Anita Maternity, Penbrooke, Kiwi Saint Tropez, Banana Moon, Bond-Eye, Panache and Seaspray.

This August’s Moda will run at the NEC in Birmingham from 9 – 11.

Image: Kiwi Saint Tropez

June weather sees boost in sales

November 4, 2019 | News | No Comments

UK retail sales values rose 1.4% on a like-for-like basis and 3.2% on a total basis, from June 2008, when sales had been hit by cold wet weather,figures from the British Retail Consortium reveal. The hot sunny weather, together with clearance sales, boosted clothing, footwear and outdoor leisure items.

Internet, mail-order and phone sales in June were 16.8% higher than a year ago, also benefiting from the heatwave and clearance sales.

Stephen Robertson, Director General, British Retail Consortium, said: “June’s sunshine gave overall sales a much-needed boost.Many clothing clearance sales coincided nicely with the upsurge in demand for summer wear that came from the good weather.

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Helen Dickinson, Head of Retail, KPMG, added :“Although overall sales performance continues to be driven by food, many non-food retailers had a better month in June. This was certainly true in clothing as a result of some early sales and promotions which benefitted children’s clothing and footwear in particular. The gap between total sales performance and like-for-like continues to narrow, highlighting the reductions in new store openings in the current environment. Two years of negative like-for-likes at store level for many retailers is putting severe pressure on cash and profits.”

Image: Sale

Escada files for bankruptcy

November 4, 2019 | News | No Comments

Escada, the German fashion house, has filed for bankruptcy after it failed to line up financing.

The Munich based women’s ready-to-wear and accessory company suffered after a sufficient number of shareholders failed to support a debt-restructuring plan this week.

The filing will affect 2,300 employees. Shares of Escada have already lost over 70 percent of their value in the last three days. The bankruptcy filing will be examined by a judge in Munich who will then appoint an administrator for the company. Negotiations with the company’s bondholders on a restructuring deal fell through earlier this week.

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Matalan sale sparks interest

November 4, 2019 | News | No Comments

Some of the world’s biggest private equity groups are queuing to examine £1.5bn bids for Matalan, UK’s conglomerate discount retailer, which has received interest in recent days from KKR, Blackstone, Cinven and TPG. According to the Financial Times, CVC Capital Partners, the UK-based private equity group, has a head start over its rivals after it made the initial approach to Matalan and held a preliminary meeting with the retailer’s management about a deal.

But since then, several big private equity groups have been scrambling for position in the early stages of an auction, which is being run by PwC. All parties declined to comment on Tuesday.

“All big private equity groups are asking themselves if they should look at Matalan,” said a banker who is working with one potential bidder. “CVC has a head start, but that doesn’t mean they will win in the end.” CVC has experience of the UK retail sector having been part of the consortium that bought Debenhams. KKR owns Alliance Boots, the pharmacy chain, while TPG was also part of the Debenhams deal.

Cinven has backed several UK retailers that it has since sold, including Hamleys and Peacocks, and it still owns Camaïeu in France and Maxeda in the Netherlands.

Bankers said that private equity groups were likely to be able to raise debt financing quite easily for a buy-out of Matalan.

“This is a defensive business that does well in a downturn,” said one banker. “It is the right business model in its pricing and products for banks to lend to.”

Matalan has ridden the tide of cash-strapped consumers trading down to discount retailers. It has also improved its product ranges, revamped stores and introduced new brands. A sale would net hundreds of millions of pounds for John Hargreaves, the founder and controlling shareholder, who took the business private three years ago in an £817m deal.

It is unlikely that Matalan would ever return to public ownership, given Mr Hargreaves’ clash with investors and non-executive directors when he took the business private.

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Burberry benefits from tourist sales

November 4, 2019 | News | No Comments

Tourists from continental Europe and China buying Burberry clothing and accessories helped the luxury goods company to navigate the downturn during the past three months. As was published in the Financial Times, Burberry said sales excluding currency movements fell 4 per cent in the three months to June 30, while they were up 8 per cent including the effect of exchange rate movements. However, retail sales were healthier, rising 12 per cent excluding currency movements.

Stacey Cartwright, finance director, said buyers from continental Europe and China, encouraged by the weak pound, were heading to Burberry’s British shops. “They are hunting out Burberry because of the brand momentum we have right now. We are hugely attractive from the point of view of the heritage and the iconic pieces we are offering,” she said.

However, US consumers were not flocking to Burberry in the same way, she said. “The issue for the US consumer is they are feeling the pinch a little bit more extensively in that market than perhaps across Europe and Asia. With the exchange rate back up at $1.65 it’s less attractive to them,” she said.

While consumers may be spending, department stores are reining in their purchases. Burberry said wholesale sales fell 28 per cent, in line with its own expectations of a 25 per cent decline. Some 15 percentage points reflected stores buying less stock, while 10 percentage points was from Burberry’s own initiatives, such as discontinuing the Thomas Burberry sportswear brand, sold mainly in Spain.

Despite the caution among wholesale buyers, Ms Cartwright believed Burberry was taking market share.

More prudent buying by stores could mean lower markdowns in the new year sales. “You will have a more normalised clearance activity at the end of the season for autumn/winter 2009,” she said.

Burberry has signed up Harry Potter actress Emma Watson for its advertising campaign, and Ms Cartwright said this was “putting all the right halo effect around the brand”.

Image: Emma Watson Burberry Campaign Source: Financial Times