The US Retail Industry Is In A Bad Situation?

At the end of the US retail industry, 3500 retail stores are expected to close; Li Ka shing: Hong Kong has the worst performance in retail business, Watsons will not split up temporarily

　　 De Beers terminated the 16 year partnership with LVMH and withdrew 50% of its shares

De Beers, a mining company engaged in the mining and processing of original diamonds, once established a jewelry brand with the same name jointly with LVMH, a luxury goods group, in 2001, and now operates 32 jewelry brands in 17 countries and regions Jiamen Store. Recently, De Beers officially announced the end of the joint venture relationship with LVMH and bought back 50% of the equity held by LVMH, but the purchase amount is unknown. Brian, CEO of De Beers Cleaver said that after taking back its ownership, the Group will further integrate its retail channel network and expand its business in Greater China.

Due to the failure of revenue in the third fiscal quarter to meet expectations and disappointing order forecast in the fourth quarter, Nike's share price fell 7% and its market value lost nearly $7 billion.

After the release of the fourth quarter financial report, Nike said that it is expected to tighten the supply of its products in the largest North American market. In the fourth quarter ended February 28, Nike's sales in the US domestic market increased by 3%. In addition, Nike expects that the global order volume will decline by 4% in the future, and its sales in the current fiscal quarter will achieve a mid single digit growth. As the performance outlook failed to meet analysts' expectations, Nike's share price fell 7.05% on Wednesday, the largest one-day decline since June 29, 2012, and its current market value is about $89.2 billion.

　　 U.S.A 3500 retail stores are expected to close on the end of retail industry

Industry analysts said that in the next few months, 3500 stores will be closed. Department stores such as JCPenney, Macy's, Sears and Kmart are among the many companies that have closed stores, as well as Crocs, BCBG, Abercrombie&Fitch and Guess and other brand chain stores. It is reported that some retailers seem to have completely withdrawn from physical business and tried to switch to online sales mode. In addition, other brands such as Sears and JCPenney are actively reducing the number of their stores, trying to reduce the profits and losses brought by stores with poor geographical locations.

　　 Benefiting from effective inventory reduction strategy, American designer brand Perry Ellis turned loss into profit in the fourth quarter

　　Perry Ellis's sales in the fourth quarter decreased by 5% year-on-year to $200 million, and its net profit increased to $9 million from a net loss of $17.7 million in the same period last year. For the whole year of 2016, the company's sales decreased by 4.3% compared with the previous year to US $861 million, and its net profit was US $14.5 million. Oscar, CEO Feldenkreis pointed out that strategic reduction of inventory can improve the profitability of the company and will further effectively control inventory in the future. The report also shows that last year Perry Ellis has closed 10 stores in total and will close 5 more in the coming months. The company expects that the sales in 2017 will be between 870 million and 880 million dollars.

　　 Luxury lingerie brand La Perla appointed Rita Camelli as director of communications

Rita Camelli is also the Director of Public Relations of Elite World Group, responsible for managing Elite held in more than 30 countries around the world International public relations exchange of the World International Model Tour. Elite World and La Perla are both Pacific Global Owned by Management Group. To attract more millennial consumers, La Perla has hired Julia Haart as the new creative director to innovate the product design and invited Kendall Jenner serves as the brand image ambassador.

　　 Tailored Brands Appoints Bruce Thorn as Brand President

Douglas Ewert, the chief executive officer with several positions, decided to give up the position of brand president. Bruce Thorn, the current executive vice president, will continue to report to him when he becomes president. Bruce Thorn joined the company in June 2015 and has been supervising and managing the supply chain, warehousing business, information technology, strategic planning and other fields of the brand. He will continue to serve as a member of the board of directors of the company. Earlier this month, Doug Ewert said that the poor retail environment led to a decline in the customer flow of all its retail brands, and 233 stores were closed last year. The company is currently actively negotiating with Macy's to amend the agreement.

　　 Manuela Mariotti, co-founder and creative director of Dondup, announced her resignation

Manuela Mariotti has joined Dondup for 18 years, and the last series he is responsible for is Dondup The autumn and winter 2017 series has been exhibited in Milan in February. Some analysts believe that her resignation may be related to the pressure generated by the more global development of the company acquired by OTB Group. At present, the brand can be purchased in about 600 multi brand collection stores around the world, and the Italian market sales account for 80% of the total sales, Women's wear The sales accounted for 50% of the total sales. According to Marco, CEO of the brand Casoni said that in the future, the company will focus on developing the Asian market and online business. It is expected that the total sales will reach 90 million euros in 2020.

　　 Yehuda Shmidman, CEO of Sequential Brands, an American brand management company, leaves office

Yehuda Shmidman, the CEO of Sequential Brands who has served for about five years, announced in advance that he was going to resign and quit the board of directors of the company. Karen Murray was appointed as the new CEO and director of the company. Karen Murray previously served as the president of the Weifu sportswear subsidiary under Weifu VF. Sequential Brands' brands include Ellen Tracy, William Rast, Revo, Caribbean Joe, Heelys, DVS, The Franklin Mint, People's, etc.

　　 Nine years later, Hugo Boss 2018 Spring Fashion Show will return to Italian Pitto Uomo Menswear Show

It is reported that the brand's 2018 spring series fashion show will display men's and women's clothing series at Pitti Uomo in Florence, Italy, on June 13. Hugo Boss Chief Marketing Officer Ingo Wilts said that Pitti Uomo is an ideal place to show fashion innovation. The brand can introduce products to more relevant buyers and audiences through this platform. Hugo Boss attended Pitti last time Uomo was in 2008. Hugo Boss officially issued a statement last year to confirm that the brand's new women's wear series will not appear at New York Fashion Week next year.

　　 It is said that Amazon has offered less than $1 billion to buy Souq.com, a well-known e-commerce company in the Middle East

Sources revealed on Wednesday that Amazon, an American e-commerce giant, has agreed in principle to acquire 100% of its equity from shareholders of Souq.com, an e-commerce company in the Middle East. Souq.com is the largest e-commerce website in Arabia. So far, Amazon and Souq.com have not commented on this report. It is reported that the investment bank Goldman Sachs, as the shareholder of Souq.com, assisted in arranging the transaction between the company and Amazon. The information did not disclose the specific amount of purchase of Souq.com by Amazon.

　　 Jeep London Fog and other brand agents Chinese clothing Annual net profit plummeted 56.7% to 45.4 million yuan

China Apparel Holdings yesterday announced its annual results as of the end of December last year, with a net profit of 45.403 million yuan, down 56.69% year on year. During the period, the turnover was 902 million yuan, down 10.94% year on year; Gross profit was 567 million yuan, down 14.73% year on year. The announcement said that the decrease of annual net profit was mainly due to the decrease of gross profit margin from 65.7% in 2015 to 2016 due to the increase of inventory 62.9%, and other expenses account for 2.1% of the total turnover.

　　 Tencent said that the market has overheated reaction to small programs, and there is no profit model in the short and medium term

When asked about the performance of the small program launched by WeChat in January this year, Liu Chiping, the president and executive director, said frankly that the market reaction was overheated and received too much attention. Its service was mainly to bring simple operations to users. It didn't need to download apps. It could directly download the required services by scanning QR codes, solving the pain points of online and offline users, and making the use process more smooth, There is no profit model in the short and medium term, but I believe that it can benefit all businesses of the Group in the long term.

　　 Li Ka shing: Worst performing retail business in Hong Kong Watsons will not split up temporarily

Li Ka shing, Chairman of Changhe Group (special reading), attended the performance meeting today. He pointed out that the economy of Hong Kong's retail, hotels and other businesses related to tourists has turned worse, and stressed that the retail business of Changhe Group has 13000 retail stores around the world, of which Hong Kong has the worst performance in the past year, with its revenue plummeting by 30%. On the contrary, even though stores in other regions are affected by exchange rate fluctuations, However, sales increased. As for Watsons, Li Ka shing said that it would not be split and listed for the time being.

　　 Hong Kong star Guan Zhilin invests in women's clothing brand, a subsidiary of Musi's parent company

MUSHI International announced that its affiliated companies MBL and RKMF had entered into a shareholder agreement and related subscription agreement with RK Lifestyles held by Guan Zhilin. RK Lifestyles will subscribe 429 new ordinary shares of RKMF at a price of 600000 yuan. After the completion of the subscription, RKMF will be Lifestyles holds 70% and 30% of the equity respectively, while Mursch International's equity in RKMF will be diluted from 100% to 70%. RKMF will be mainly engaged in the design, production, marketing, distribution and sales of men's and women's clothing under the Rosamund MOISELLE brand.

　　 Yintai Business Annual net profit reached 1.32 billion, and retail revenue rose 6.8% against the trend

Yintai Commerce (special reading) today announced its annual results for the end of 2016, with sales of 5.984 billion yuan, an increase of 4% over the previous year. It recorded a net profit of 1.32 billion yuan, a slight increase of 0.2%. During the year, retail revenue was 5.5 billion yuan, up 6.8%; Same store sales increased by 0.3%. The announcement shows that on December 31, 2016, Yintai Commercial operated and managed a total of 29 department stores and 20 shopping centers. In addition, the Group cooperates closely with Alibaba in developing online to offline (O2O) application initiatives and providing better consumer solutions to the market.

　　 Deng Wendi Appears in Fashion Group to Meet Su Mang, Not Excluding More Cooperation in the Future

According to the exclusive news on Fashion Toutiao.com, Deng Wendi, the ex wife of Murdoch, an American media tycoon, recently took her daughter to the Beijing Fashion Building to meet Su Mang, president of the fashion group, and introduce her friend Su Mang to peers in the name of "Anna Wintour of China". This may mean that the international media resources behind Wendi Deng are showing strong interest in China's local fashion media.

　　 Anta Sports will seek to acquire international sports brands by placing 175 million shares and raising 3.8 billion shares

Recently, Anta announced that it would sell 175 million new shares to raise 3.79 billion Hong Kong dollars, or about 3.36 billion yuan, to prepare for possible acquisition opportunities in the future. In last year's financial report, Anta showed that it had a strong relationship with KOLON, the largest outdoor sports brand in South Korea SPORT's intention to cooperate may be one of the reasons for Anta's fundraising of this rights issue. Previously, it had bought the Chinese business of Italian sports brand FILA and introduced Japanese high-end sports brand Descent. But buying high-end brands and turning themselves into high-end brands are two different things.

　　 FILA opens its first concept store in Tokyo

In addition to the signature FILA casual clothes and shoes, tennis, football and heritage are also introduced Branch line. In the domestic market, FILA currently accounts for 20% of Anta Group's revenue, and the group aims to account for more than 30% by 2020. In August 2015, Anta purchased the trademark use right and franchise of the sports brand FILA in China owned by the Hong Kong listed company Belle International at a total cost of 332 million yuan.

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