Nike, Comme des Garcons see appeal in tiny shops | Kohl's to add in-store Sephora shops | Debenhams to shutter stores after more than 200 years
02 December 2020
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Global Industry Watch
As channels play a bigger role in retail, brands including Comme des Garcons and Nike are favoring boutique formats that come with lower overhead while giving online shoppers a chance to try on items and learn more about their offerings. Fashion brand Norwegian Rain has opened a 20-square-metre Norwegian Rain Compact Store in Copenhagen that's stocked with just six styles in different sizes.
Full Story: Women's Wear Daily (subscription required) (30 Nov.) 
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Kohl's to add in-store Sephora shops
(Eugene Gologursky/Getty Images)
Sephora will open shops inside 850 Kohl's stores over the next few years as the beauty retailer's current partnership with J.C. Penney winds down, Sephora and Kohl's said. The 10-year partnership gives Kohl's a high-profile partner in its plan to triple beauty sales, and the planned 2,500-square-foot in-store shops will give Sephora a greater presence outside of malls, Sephora Americas CEO Jean-Andre Rougeot said.
Full Story: CNBC (01 Dec.),  Women's Wear Daily (subscription required) (01 Dec.),  The Wall Street Journal (tiered subscription model) (01 Dec.) 
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Retail in Europe
UK department store Debenhams will liquidate and close all 124 stores after talks to be acquired by JD Sports Fashion ended and its major concession operator, Arcadia, entered administration. The 242-year-old retailer will continue operating through Christmas.
Full Story: Reuters (01 Dec.) 
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Unilever concludes headquarters unification
London now serves as the sole headquarters for Unilever PLC after the finalisation of a merger of its dual Dutch and UK headquarters structure. Operations will continue in Amsterdam, while the move will give Unilever "greater flexibility for strategic portfolio change," said Nils Andersen, Unilever chairman.
Full Story: FoodBev (30 Nov.),  CosmeticsDesign-Europe (30 Nov.) 
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Retail in Asia
China-based group buying platform Nice Tuan has raised $196 million in a new funding round that included Alibaba Group, bringing the total raised this year to $450 million. The platform helps farmers and food makers connect to customers including retailers, restaurants and produce consumers.
Full Story: Ag Funder News (01 Dec.) 
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E-commerce Spotlight
Amazon reports record start to holiday season
(David Dee Delgado/Getty Images)
Amazon says it is reaching historic sales levels for the holiday season. The company hasn't reported its in-house sales figures, but said its independent sellers logged almost $5 billion in sales worldwide between Black Friday and Cyber Monday, up 60% over the same period last year.
Full Story: CNN (01 Dec.) 
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Spotlight on Luxury Goods
Yoox Net-a-Porter Group has named Geoffroy Lefebvre its new CEO, succeeding Federico Marchetti, who will remain with the luxury company as chairman. Lefebvre currently serves as group digital distribution director for Yoox-Net-a-Porter parent Richemont, and he will start his new post on Jan. 4.
Full Story: (U.K.) (30 Nov.) 
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