Retail News Flash vom 19.8.22
Key figures / Press releases The two largest German supermarket chains in the middle and upscale segment are reducing the opening hours of their fresh food counters and the range of products on offer. With reference to the personnel bottlenecks the offer of the fresh food counters, i.e. meat, sausage and cheese, is being restricted. Once again, we consumers are left in the lurch. First they earned money from us like never before and now the difference to the discounter is too expensive for them. I think that the consumers are reacting because the prices have gone up so much. It's partly the supermarkets' own fault, they couldn't get enough. And now? Everything packaged? "Lidl is throwing out many goods because of inflation: The discounter giant wants to drastically reduce the non-food range. Tools, clothes, televisions - all of these could soon no longer be found at Lidl.The reason: the share of turnover from the very profitable non-food products should actually increase to 15 percent. But falling demand due to inflation and logistics problems have recently pushed the share below 10 per cent.According to insiders, Lidl has accordingly decided to significantly reduce the recently placed orders in the non-food sector for the coming financial year.While delayed deliveries were the reason for this in the past, now increasingly thrifty customers are putting a strain on the business. discounter competitor Aldi is also struggling with similar problems in the non-food sector. According to reports, sales are said to have dropped to below 20 per cent. Just like Lidl, Aldi has to adapt to the current situation with more flexibility and is in close exchange with suppliers and logistics partners. As with Edeka and REWE, this is probably THE REAL reason: customers have to save and the grocers are cutting back on assortments. Let them become cheaper again."
Source:https://www.ruhr24.de/service/produkte-edeka-rewe-oeffnungszeiten-frischetheken-knappheit-supermarkt-discounter-angebot-91710756.html https://www.focus.de/finanzen/news/discounter-beben-lidl-zieht-die-reissleine-discounter-duennt-wegen-inflation-sein-sortiment-deutlich-aus_id_134373222.html?xing_share=news
Authentic Brands Group has snapped up Ted Baker for £211 million ABG owns more than 50 consumer and entertainment brands, including Juicy Couture, Forever 21 and David Beckham. It has more than 8,500 stores and shop-in-shops and its brands collectively turn over more than $21 billion in annual global retail sales. ABG intends to use its global network of established operating partners with deep industry expertise, together with its business model that combines leading brand management capabilities, to enhance Ted Baker’s revenue and profitability across merchandise categories and geographic regions as it has for other acquired brands including Reebok, Brooks Brothers, Nautica, and Eddie Bauer.” https://www.retailgazette.co.uk/blog/2022/08/ted-baker-sold-to-reebok-owner-authentic-brands-group/?utm_source=Retail+Gazette+Subscribers&utm_campaign=27518d12b1-EMAIL_CAMPAIGN_2022_08_16_07_51&utm_medium=email&utm_term=0_d23e2768b6-27518d12b1-61058191
dm rolls out pick-up stations: Up to 700 dm stores will receive the new service, From now on, customers in many dm stores will have the opportunity to easily pick up their online orders at a dm pick-up station. The pick-up stations are an ideal addition to dm's existing omnichannel services: all purchases that customers order via the My dm app or via the online shop dm.de as express pick-up* or delivery to the dm store can be picked up easily, contactlessly and without waiting times at the dm pick-up station during the opening hours of the respective dm store. The regular delivery times apply; for express pick-up, the purchased products are usually ready for pick-up within 3 hours.
"The recovery on the stock markets continued last week. The fashion stock index (MAI) was again able to increase more strongly with plus 1.2% than the DAX (plus 0.9%). There are price gains in two thirds of the papers, in some cases significant ones. The most important reason for this is probably that the specter of inflation has become less of a threat according to the latest figures. Investors dare to buy stocks again, and fashion stocks are also benefiting from this. This week's biggest winner is Esprit. Paper prices have increased by a third to 20 cents. But that's probably not a reason for euphoria. The Esprit share has been on a downward slide for a long time and has degenerated into a penny stock, including the associated, regular price caprioles. For weeks, CEO William Pak has been trying to create a good atmosphere with interviews in the most important financial and business publications. However, it is questionable whether this charm offensive has already contributed to the recent price rally." https://www.textilwirtschaft.de/business/news/weniger-inflationsangst-sorgt-fuer-zuversicht---esprit-mit-fulminantem-kurszuwachs-modeaktien-gewinnen-ueberdurchschnittlich-237030?utm_source=%2Fmeta%2Fnewsletter%2Ftoday&utm_medium=newsletter&utm_campaign=nl9364-abonnent&utm_term=1b8f17d25fdacc598ca2a6f8ac11e0f9 The company On, which is listed on the New York Stock Exchange, already announced a strong start of the year back in May. Now the second quarter is closed: Net sales for the this second quarter 2022 were CHF 291.7 million (approx. EUR 303 million), an increase of 66.6%. Adjusted EBITDA rose by 14.7% from CHF 27.4 million in the same period of the previous year to CHF 31.4 million. In the first half of the year, the group was able to achieve net sales of over 100 million francs for the first time in a month - it was June - which means that the bottom line for the half-year was half a billion: 527.3 million francs (plus 67.2 %) Adjusted Ebitda fell by 0.4% to CHF 47.1 million. While the first half of the year was still burdened by challenges in the supply chain, it is now assumed that air freight can be reduced somewhat again in the second half of the year. However, one will not be able to avoid flying certain routes, which will still have a negative effect on the gross profit margin in the third quarter. Nevertheless, the forecast for the year as a whole is being raised. The group expects to achieve net sales of CHF 1.1 billion by the end of 2022, which would represent growth of 52% compared to the previous year. The adjusted Ebitda should then grow to CHF 145 million.
Japanese fashion artist, humanist and purist Issey Miyake, born in Hiroshima in 1938, died - as it was announced last week - on August 5. His approach and work contains important lessons for fashion designers around the world. Miyake was a graduate of one of Japan's top private art colleges,Tama Art University or Tamabi. His drive, his curiosity. He was never a man of many words, hardly engaged in storytelling, let his innovations, a result of hard work - not simple words - speak. His silhouettes were never static, movement was always part of the process. He encouraged dialogue between East and West, rethinking the Eastern preference for flat shapes that become three-dimensional on the body with Western clothing, including the suit. This often resulted in satellite collections that were released as independent brands. (Plantation, Pleats Please, Bao Bao) The wearer should be the focus, not the creator.
https://www.businessoffashion.com/briefings/luxury/what-designers-can-learn-from-issey-miyake/
With immediate effect, the exterior lighting of Spar and Eurospar stores will only be switched on 30 minutes before and after opening (60 minutes at Interspar and Maximarkt) and only if there is not enough daylight anyway. This should result in a saving of around 800 MWh for the 800 or so Spar stores. The company has been sensitive to the need to save electricity since 2011, when all new Spar buildings and renovations were equipped with LED lights from Austrian manufacturers. Furthermore, light sensors adjust the brightness in connection with the available daylight. The lights are only turned up to full during store opening hours, and reduced to 1/3 after or before these hours. During the night, the escape route lighting is on as well as a basic light in the checkout area.
https://retailreport.at/spar-reduziert-aussenbeleuchtung
Billa is the first food retailer in Austria to test "Vertical Farming" in front of the Billa Plus store at Wienerberg Straße 27 in Vienna's 10th district. In cooperation with the Israeli agricultural technology company Vertical Field, herbs and salads are grown and harvested in a container. Vertical Field was founded in 2006, 500 implementations worldwide. In one month, 2000 to 3000 units can be produced. The plants - starting with basil, parsley, cilantro, lollo lettuce … with soil for longer shelf life - are grown on top of each other on several levels and after harvesting sold directly in the market. In densely populated areas, high yields in the smallest area and in close proximity. Year-round. "The climate-friendly effects are enormous," says Billa sales director Scharnitz. For example, it is said to use 90 percent less water, have 50 percent lower CO2 emissions and use 30 times less land than ground cultivation. This is made possible by 16-hour lighting with LED lamps, climate control and the plants' own water and nutrient supply. Construction of a second container is planned for later this year in the vicinity of Vienna.
"H&M Move is a movement brand. We are here to celebrate movement and invite the world to move. Removing barriers to sport is at the heart of what we do, starting with democratizing sportswear," said Simon Brown, general manager H&M Move. The first collection includes a range of sports essentials, including functional tops, lightweight jackets and a wide selection of leggings, sweatpants and pieces designed specifically for training and running. 40 years after the release of her first workout video, Jane Fonda - Oscar-winning actress, activist and fitness icon - remains committed to motivating people to exercise. In H&M Move's launch campaign, she joins JaQuel Knight as ambassadors for H&M's new "Movewear line." When asked what H&M Move can learn from her, the likeable role model of many responded: to be credible, authentic, persistent and, above all, to have fun.
https://www.vogue.de/mode/artikel/jane-fonda-hm-launch
"Michael Meyer, successful operator of 24 premium/luxury stores in Germany, opened an additional store at Tegernsee with an exclusive ambience. The 180m² shop is located directly on the lake and offers the high quality that Michael Meyer is used to. In addition to the special design of the store, which blends into the landscape, the topic of well-being is the main focus for the luxury fashion retailer. ""We have created a unique portfolio of luxury brands for the Tegernsee location - paired with a hospitality concept that is otherwise only found in luxury hotels,"" says Michael Meyer.
"The multi-platinum selling recording artist and face of Gucci Flora’s latest campaign takes over Roblox’s Gucci Town to create an immersive experience inspired by the scent. Brought to life in partnership with game developer studio The Gang, Gucci Town is the brand’s virtual destination for the growing Gucci community and seeks to create space for shared creative experiences and connection building.
Taking over the virtual world, Cyrus’ avatar leads quests, games and interactive learning experiences in the form of scavenger hunts and digital selfie opportunities. From “Mini Game Heights” to “Selfie Way,” the artist allows Gucci Town visitors to truly immerse themselves in the world of Gucci Flora. Elsewhere, users are also able to discover the fragrance in the virtual Gucci store, inspired by the physical Flora pop-up location. Visitors are also able to purchase digital fragrance bottles as wearable backpacks throughout the metaverse world.
News of the partnership with Cyrus comes following a world of innovation from the brand. Most recently, Gucci was dubbed the hottest brand of Q2 by fashion tech company Lyst."
https://cpp-luxury.com/gucci-taps-miley-cyrus-avatar-for-roblox-fragrance/
Footwear designers from the world of Timberland, a VF Company, met with a powerhouse team of digital creatives. Where. In Fortnite.3 teams (Construct, Timberland and Concept) developed a world without limits. Each team was paired with someone whose creativity was not their strong suit. The outcome is something to behold: oversized boots to climb. Mapcode is in the link https://www.linkedin.com/feed/update/urn:li:ugcPost:6964997968684888064?utm_source=linkedin_share&utm_medium=member_ios_share_via_share&utm_content=post
A cooperation of Heineken and designer Dominic Ciambrone ( CEO and Founder of The Shoe Surgeon, Collaborations with Dior, Nike, Birkenstock….) was now presented, a strictly limited sneaker collection with only 32 pieces now comes with 7 pieces in Singapore and another 25 pieces in the rest of the world on the market. In the so-called Heinekicks, Heineken Silver beer was injected into the sole with the help of a special procedure using a surgical syringe. Another detail for beer lovers is a removable bottle opener incorporated into the tongue. https://twitter.com/Heineken/status/1554458805391556610?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1554458805391556610%7Ctwgr%5Efd6b4ee90a8c00784f1daa2eb6363839c82b5ebc%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.leadersnet.at%2Fnews%2F61542heineken-bringt-sneakers-mit-echtem-bier-in-der-sohle.html
Tasteless? Rewe sells food in GDR design, The supermarket Rewe sells NVA field soup and other GDR products in its East German branches. We asked the Berlin supermarket: What do you think? Opinions differ. For some, the canned food is pure nostalgia, others think the sale trivialises the deeds of the National People's Army.While older customers find the whole thing okay (it used to taste good and still does), younger customers find the products, let's say, hard to get used to.I'm curious. Is the shitstorm faster or the reaction of REWE?
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