CARREFOUR'S SPANISH FOOTPRINT: Carrefour, the world's second-largest retailer behind Wal-Mart, on Monday strengthened its position in the competitive Spanish market by buying 250 hard discount stores. The French firm said it would acquire the Plus store chain from Spain's Tengelmann for 200 million euros, or about $275.6 million at current exchange. The transaction was conducted through Carrefour's Dia subsidiary, which already runs 2,806 stores in the country with sales last year of 3.5 billion euros, or $4.45 billion. Carrefour has struggled in France because of cooled consumer spending and discount competition. The firm has been unloading less-profitable operations in Japan, South Korea and Mexico, while bulking up in promising markets. In April, Carrefour bought 34 discount hypermarkets in Brazil for more than $1 billion.
H&M JUNE SALES: Hennes & Mauritz on Monday said sales in June advanced 17 percent, edging most analysts' consensus expectations. On a like-for-like basis, the Swedish fast-fashion firm said sales grew 5 percent. Last month, H&M's like-for-like sales declined 2 percent. At the end of June, H&M had 1,420 stores.
GALERIES LAFAYETTE ACQUISITION: Groupe Galeries Lafayette, the French department store operator, said Monday that it acquired two watch chains — Louis Pion and Royal Quartz — from France's Groupe Sofidi for an undisclosed sum. The transaction bolsters Galeries' watch distribution network, which already counts 110 Watch Me, EuropaQuartz and Goldy stores. Louis Pion and Royal Quartz, which stock luxury and fashion watches, operate 20 stores, mostly in Paris and French airports. The deal signals more consolidation among European department stores. Last year, Italy's La Rinascente purchased the Printemps department stores from PPR, parent of Gucci Group. In recent weeks speculation mounted that Galeries Lafayette had its eye on Britain's Debenham's department stores, which Galeries denied.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)