Europe Watch: Bloc Party … French Pinch … German Blues
BLOC PARTY: Zara is boosting its presence in Eastern Europe. The Spanish fast-fashion chain, part of the Inditex retail group, said it opened a 20,000-square-foot flagship in Budapest on Friday, a week after opening its first store in the...
BLOC PARTY: Zara is boosting its presence in Eastern Europe. The Spanish fast-fashion chain, part of the Inditex retail group, said it opened a 20,000-square-foot flagship in Budapest on Friday, a week after opening its first store in the Hungarian capital. Meanwhile, next Friday the chain plans to open its first boutique in Lithuania, in the capital of Vilnius. Zara has been making a concentrated push into the former Communist bloc. It recently opened units in the Czech Republic, Slovenia and Slovakia.
FRENCH PINCH: The French spent 1.4 percent less on clothes in September compared with a year ago, according to a study by the Institut Français de la Mode. The hardest hit were hypermarket operators; sales fell 9.2 percent in chains such as Carrefour and Auchan. Sales at fast-fashion stores dipped 2.3 percent in the month and sales fell 1.1 percent among independent retailers. But not everyone lost. Clothing sales at French department stores rose 5.6 percent.
GERMAN BLUES: It’s not getting any better in Germany, either. Apparel sales in the country contracted 2 to 3 percent in the first 10 months of the year, according to the German Apparel Retailers Association, BTE. Sales were down 5 percent in the same period a year ago, and retailers are worried. “Germans fear for the future,” explained Klaus Magnus, president of BTE. “They buy less.” Some are expecting a wave of consolidation as major chains, such as Karstadt, have fallen on hard times.
KarstadtQuelle Group reported huge third-quarter losses last Wednesday and adjusted its full-year forecast further downward. Third-quarter EBTA dived to a loss of 1.1 billion euros, or $1.4 billion. KarstadtQuelle pointed out that quarterly earnings were especially hard hit by special one-off factors related to the restructuring and realignment of the group. After adjusting for these special factors, EBTA for the quarter amounted to a loss of 31.1 million euros, or $39.5 million, versus 31.4 million euros, or $39.9 million, in the same period in 2003.
The firm is projecting an operating loss of 280 million to 295 million euros, or $355.6 million to $374.7 million, for 2004. Group sales are expected to fall 7 percent, compared with the 4.5 to 5 percent dip previously forecast. — Melissa Drier
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over the top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty