Nike Unveils Collection to Celebrate Air Max Day

Highlighted Includes Release of New Nike Air VaporMax

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Nike Unveils Collection to Celebrate Air Max Day (Photo Business Wire)

Three years ago Nike launched Air Max Day, a response to global fervor for one of the most beloved footwear platforms of all time. Today, Nike begins a journey to this year’s Air Max Day, a worldwide celebration of Air highlighted by the long-awaited release of the Nike Air VaporMax.

Nike will celebrate Air Max Day on March 26 by marking the 30th anniversary of the Air Max 1, the shoe that pushed footwear to unprecedented heights with new cushioning style and performance features. Throughout March, Nike will release a mix of retros, remixes, and innovations. This fresh line-up of Air, including the highly anticipated Nike Air VaporMax, represents the latest chapter of Nike’s longstanding commitment to serving athletes. The new product delivers on what consumers want, by transforming the athletic footwear landscape with the most powerful and resilient underfoot platform yet.womens-nike-air-max-jewell

The Nike Air VaporMax is a tremendous example of what happens when we harness the combined insights of our design collective. When designers embrace the technology and push its potential, we have a boundless future. Just as the Air allows us to run forever, it allows our imaginations to ponder near limitless permutations,” said John Hoke, Vice President, Global Design for Nike.

Air has been an integral part of Nike since it was first introduced in the 1979 Air Tailwind. In the decades since, it’s drawn strong consumer devotion; a massive and passionate consumer fan base that has driven design and depth of product. Nike Air has disrupted the industry with color, materials and the Air platform itself. For the first eight years, it was hidden – felt rather than seen. Then, in 1987, it became visible with Air Max. It soon evolved, spreading from running to basketball to training and tennis, all while becoming a coveted lifestyle product across the globe. The line quickly endeared itself to consumers because of its responsiveness to movement, its durability, and its groundbreaking and beautiful design.

Through it all, Nike Air technology has driven the industry forward and continues to define what’s possible with underfoot cushioning. With Nike Air VaporMax, athletes get closer to the sensation of Air than ever, with layers removed between the foot and the Air platform itself. This innovation and dedication have created a product that consumers are passionate about, and demand year after year – and the Nike Air Max delivers yet again.

In 2016, by popular vote, consumers “voted back” the Nike Air Max 1 atmos Elephant, which makes its return as part of the Air product line-up. The Women’s Nike Air Max Jewell is the second-ever women’s Air Max shoe. Nike Air Max 90 Ultra Flyknit delivers on what consumers expect, and ask for Flyknit, a high-performing, breathable, supportive upper; and Air, responsive, agile, strong, beautiful and light. Continue reading

Retail News: Nordstrom Is Nation’s Favorite Fashion Retailer, New Market Force Study Finds

Annual Retail Study Also Uncovers Top Shoe Brands, And Trends In Consumer Confidence, Wearables And E-Commerce

Nordstrom’s fan base is as fervent as ever. For the fifth time in a row, Nordstrom ranked as the nation’s favorite fashion retailer in an annual retail industry study conducted by Market Force Information (Market Force). Market Force polled over 10,000 consumers for the study, which ranks top fashion retailers, reveals retail technology trends and looks at spending plans and habits.

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Market Force Information (Market Force) logo

The survey was conducted online in December 2016 across the United States. There was an overall pool of 10,714 respondents covering all four U.S. Census regions. Within the survey pool, 7,241 reported shopping for fashion at a favorite retailer within the past 90 days, and 5,494 reported shopping for shoes within the past six months. There was a broad spectrum of income levels, with 54% indicating incomes of over $50,000 a year. Respondents’ ages ranged from 18 to over 65. Approximately 75% were women and 25% were men. For the rankings, Market Force asked participants to rate their customer satisfaction with their most recent fashion retailer experience, and their likelihood to refer the brand to others. The results were averaged to attain a Composite Loyalty Score. Only retailers with at least 100 locations were included.

Dillard’s and T.J. Maxx Climb Higher in Rankings

Nordstrom, which has built a reputation for incomparable customer service, ranked first among the retailers studied with a score of 64%, up 6% from 2016. Dillard’s made even larger strides from last year, gaining 16% percentage points to rank second with 54%, and was closely trailed by off-price retailer T.J. Maxx, which earned a 53% score. Ann Taylor and Nordstrom Rack landed in the top of the rankings, after not making the cut last year, tying with Kohl’s for fourth place. [See Graph 1].

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Graph 1 – 2017 Fashion Retailer Rankings

Nordstrom Top for Value, Dillard’s for Creating Full Looks

In the attributes that set one retailer apart from the others, Nordstrom, Ann Taylor and Dillard’s all performed exceedingly well. Overall-winner Nordstrom ranked first for value, atmosphere, and ease of finding items, while Dillard’s took the No. 1 spots for creating a look and finding correct sizes. Ann Taylor landed in the top three in all of these categories. T.J. Maxx and Ross were called out for merchandise selection, and American Eagle has the fastest checkout speeds. [See Graphs 2 and 3].

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Graph 2 – Rankings by Attributes

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Graph 3 – Rankings by Attributes

Sizing up Sales Support

Despite the fact that sales assistance is shown to boost satisfaction and sales, less than half (42%) of consumers report being helped by an associate during their last shopping trip. Lane Bryant’s and Nordstrom’s associates assisted customers most often, while Target and T.J. Maxx shoppers received the least help. [See Graph 4].graph-4-sales-associate-effectiveness-by-retailer

Sales associates are the front-line representatives for retailers, and how they engage with customers can make or break the shopping experience and impact sales,” said Cheryl Flink, chief strategy officer for Market Force Information. “The research shows that 90% of customers who were assisted by a sales associate bought something. When customers were not assisted, only 82% made a purchase. That 8% difference in conversion rate is a key reason why fashion retailers need to invest in their sales staff.” Continue reading

The American Apparel & Footwear Association (AAFA) Names Honorees for the 2017 American Image Awards

The American Apparel & Footwear Association today announced its 2017 American Image Awards honorees: Andrew Rosen, Founder and CEO of Theory (Person of the Year); Marc Fisher Footwear (Company of the Year); Stuart Vevers of Coach, Inc. (Designer of the Year); Nick Graham (Fashion Maverick); and Ed Nardoza (Lifetime Achievement Award). Owned and operated by the AAFA, the American Image Awards began in 1977 to honor those who have exemplified leadership, excellence, and outstanding achievement in all sectors of the apparel and footwear industry, including education, design, manufacturing, and retail. Award-winning stage and screen actor Alan Cumming will emcee the gala. Presented on April 24 in New York City, the American Image Awards will benefit the Fashion Manufacturing Initiative (FMI), part of the Council of Fashion Designers of America (CFDA) Foundation. This year’s ceremony will take place at the historic 583 Park Avenue venue in New York City.aafamemberlogotwocolor

Representing more than 1,000 world famous name brands, the American Apparel & Footwear Association (AAFA) is the trusted public policy and political voice of the apparel and footwear industry, its management and shareholders, its four million U.S. workers, and its contribution of $361 billion in annual U.S. retail sales. AAFA stands at the forefront as a leader of positive change for the apparel and footwear industry and delivers a unified voice on key legislative and regulatory issues. The organization enables a collaborative forum to promote best practices and innovation and its comprehensive work ensures the continued success and growth of the apparel and footwear industry, its suppliers, and its customers.

The Fashion Manufacturing Initiative (FMI) is a program of the Council of Fashion Designers of America (CFDA) in partnership with the New York City Economic Development Corporation (NYCEDC) and was created to nurture, elevate, and preserve garment production in New York City, ultimately connecting fashion designers to local manufacturing. The program includes: FMI Grant Fund offering matching grants to facilities committed to improving their services through innovation and technology; Apparel Skills Training Courses to generate a stronger workforce; a New York City Production Database on www.CFDA.com; and ongoing professional development sessions, industry events and collaborative partnerships. Continue reading

A New Level Of Lite: Cole Haan Launches ZERØGRAND Stitchlite™

Cole Haan announces the launch of ZERØGRAND Stitchlite™, a stylish transformation of the traditional leather Wingtip Oxford. Taking shape in a distinctive knit style, the shoe delivers dramatic improvements in lightness and breathability through the art of construction.

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Cole Haan Men’s ZERØGRAND Stitchlite(TM)  in Marine Blue/Optic White

ZERØGRAND Stitchlite™ is our newest elegant innovation as we continue our quest to reimagine and reinvent the definition of dress footwear,” says Jack Boys, Chief Executive Officer at Cole Haan. “We are excited to deliver this outstanding shoe to customers that are as comfortable in the office as they are about town.”

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Cole Haan Men’s ZERØGRAND Stitchlite(TM) in Ironstone/Ivory

Cole Haan has artfully constructed the men’s and women’s ZERØGRAND Stitchlite™ as the next frontier in innovative wingtips; versatile, lightweight and understatedly elegant. The men’s ZERØGRAND Stitchlite™ Wingtip Oxford arrives just in time for Spring, with an array of vibrant colorways like Burnt Orange, Optic White, and Marine Blue. With a nod to the storied heritage of Cole Haan, subtle leather details accompany the men’s styles. For women, the shoes come in Optic White Knit/Vapor grey, Ironstone Knit/Tropical Peach and Marine Blue Knit/Optic White.

This groundbreaking oxford features zonally designed dynamic stitching and static tight gauge-stitching to create a customized, foot-hugging fit while open, pointelle-stitching details improve breathability and moisture control,” says Scott Patt, Vice President of Design & Innovation at the Cole Haan Global Innovation Center in New Hampshire. “The upper design of the ZERØGRAND Stitchlite™ Wingtip Oxford works in harmony with an anatomically engineered outsole mimicking the natural motion of the foot.”

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Cole Haan Women’s ZERØGRAND Stitchlite(TM) in Ironstone/Tropical Peach

Rubber pods on the forefoot and heel allow for an improved grip on any surface while a signature Grand.ØS energy foam footbed and unit sole provides cushioning for the ultimate in comfort.

The ZERØGRAND Stitchlite™ collection is available now on www.ColeHaan.com and in the US and international Cole Haan Stores.

The Business of Fashion: LVMH Moët Hennessy Louis Vuitton Announces Record 2016 Results

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €37.6 billion in 2016, an increase of 5% over the previous year. Organic revenue growth was 6%.lvmh-moet-hennessy-louis-vuitton

In the fourth quarter, revenue increased by 9% compared to the same period of 2015. Organic growth was 8%. The American market remains on a good track as does Europe. Asia, excluding Japan, continued its good momentum.

Profit from recurring operations reached €7 billion in 2016, an increase of 6%, to which all business groups, apart from selective distribution, contributed. This result compares to 2015 which was itself a year of growth. Operating margin reached 18.7%. Group share of net profit was €3 981 million, representing growth of 11%.

Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH achieved an excellent performance in 2016 within a context of geopolitical and economic instability. Continued innovation, entrepreneurial spirit and the quest for excellence: all Maisons continue to assert these core values while maintaining rigorous execution of their strategies on the ground. In an environment which remains uncertain, we can count on the appeal of our brands and the agility of our teams to strengthen, once again in 2017, our leadership in the universe of high quality products.

Key highlights from 2016 include:

  • Record revenue and profit from recurring operations
  • Growth in the United States, Europe and Asia
  • Good performance of Wines & Spirits in all regions
  • The success of both iconic and new products at Louis Vuitton, where profitability remains at an exceptional level
  • Progress at Fendi
  • The sale of Donna Karan and the acquisition of Rimowa, a leader in luggage of excellence
  • Good momentum at Parfums Christian Dior driven by successful product innovations
  • Market share gains at Bvlgari and TAG Heuer
  • Growth at Sephora which strengthened its position in all its markets and in digital
  • Free cash flow of €3 974 million, an increase of 8%
  • Gearing of 12% at end of December 2016

WINES & SPIRITS: GOOD YEAR WITH PROGRESS IN THE UNITED STATES AND REBOUND IN SHIPMENTS TO CHINA

The Wines & Spirits Business Group recorded an increase in organic revenue of 7 %. On a reported basis, revenue growth was 5 %. Profit from recurring operations increased by 10 %. With volumes up 3%, solid growth continues for champagne and prestige cuvees performed particularly well. Hennessy cognac enjoyed an excellent year with 10% volume growth. The American market is growing well and China saw better momentum after a tough 2015 due to destocking by distributors. Other spirits, Glenmorangie and Belvedere, continued their growth.

LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Belvedere, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle, Newton, Bodega Numanthia and Ao Yun.

FASHION & LEATHER GOODS: GOOD PERFORMANCE OF LOUIS VUITTON, OTHER BRANDS STRENGTHENED THEIR POSITIONS

The Fashion & Leather Goods Business Group recorded organic revenue growth of 4% in 2016. On a reported basis, revenue growth was 3 %. Profit from recurring operations increased by 10%. Louis Vuitton had a good year driven by the level of creativity across all its businesses. The continued success of its iconic product range and the strong demand for recent creations such as the new luggage designed by Marc Newson and the Louis Vuitton fragrances, all contributed to this growth. Fendi recorded robust growth crossing the symbolic revenue threshold of 1 billion euros during the year. Loro Piana continued to expand its distribution network and opened a flagship store in Paris. Céline, Loewe and Kenzo all continued to grow. Marc Jacobs continued to work on changes to its collection. Donna Karan was sold in December to the American G-III group. Rimowa, world leader in luggage of excellence, joined the LVMH group.

Its Fashion and Leather Goods division includes Louis Vuitton, Céline, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Nicholas Kirkwood, Loro Piana and Rimowa.

PERFUMES & COSMETICS: CONTINUED SUCCESS OF INNOVATIONS; EXCELLENT PERFORMANCE IN MAKEUP

The Perfumes & Cosmetics Business Group recorded organic revenue growth of 8%. On a reported basis, revenue growth was 6%. Profit from recurring operations increased by 5%. The inauguration of the new atelier for the creation of fragrances, Les Fontaines Parfumées, at Grasse was a highlight of the year. Parfums Christian Dior grew market share in all regions, driven by the worldwide success of Sauvage and the vitality of its iconic perfumes J’adore and Miss Dior. The progress of makeup also contributed to the Maison’s excellent performance. Guerlain benefitted from the successful launch of its new makeup collection inspired by its fragrance La Petite Robe Noire. Benefit experienced strong growth driven by the success of its new collection for eyebrows. Make Up For Ever, Fresh and Kat Von D performed well.

LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh).

WATCHES & JEWELRY: MARKET SHARE GAINS FOR BVLGARI AND TAG HEUER

The Watches & Jewelry Business Group recorded organic revenue growth of 5%. On a reported basis, revenue growth was 5%. Profit from recurring operations increased by 6%. Bvlgari continued to gain market share with enhancements to its Serpenti, Diva and B.zero1 lines. Growth continued in China, Korea and in the Middle East. TAG Heuer grew despite a difficult market for watches, gained market share and benefitted from the success of its new collections and its connected watch. Hublot accelerated its development in Asia and recorded the best year in its history. Chaumet continued to move its product lines upmarket and inaugurated a new boutique concept in Hong Kong.

LVMH‘s Watches and Jewelry division comprises Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers Diamond Jewellers Ltd, a joint venture created with the world’s leading diamond group.

SELECTIVE RETAILING: GOOD PERFORMANCE AT SEPHORA, DFS IMPACTED BY A DIFFICULT TOURISM CONTEXT IN ASIA

The Selective Retailing Business Group recorded organic revenue growth of 8%. On a reported basis, revenue growth was 7%. Profit from recurring operations declined by 2%. Sephora gained market share across all regions and once again recorded double-digit growth in both revenue and profits. More than a hundred stores were opened in 2016 including notably a flagship store in the World Trade Center in New York and major renovations in Boston and Singapore. Its online offer accelerated with the launch in six new countries. DFS continued to face a difficult environment, notably in Hong Kong. The expansion into new destinations continued. The opening of the T Galleria in Angkor in Cambodia and one in Venice, Italy were the highlights of the year.

LVMH is also active in selective retailing as well as in other activities through DFS, Sephora, Le Bon Marché, La Samaritaine, Royal Van Lent and Cheval Blanc hotels.

Key figures:

             
Euro millions    

2015

 

2016

 

% change

Revenue    

35 664

 

37 600

 

+ 5 %

Profit from recurring operations    

6 605

 

7 026

 

+ 6 %

Group share of net profit    

3 573

 

3 981

 

+ 11 %

Free cash flow*    

3 679

 

3 974

 

+ 8 %

Net financial debt    

4 235

 

3 265

 

– 23 %

Total equity    

25 799

 

27 903

 

+ 8 %

* Before available for sale financial assets and investments, transactions relating to equity and financing activities Continue reading

UGG for Men Announces Fall/Winter 2017 Limited Edition Capsule Collection Collaboration with 3.1 Phillip Lim

UGG® for Men (a division of Deckers Brands) announced it will launch a Limited Edition Fall ‘17 collaboration with designer Phillip Lim as part of his 3.1 Phillip Lim line. The limited edition capsule collection will feature four distinct styles of men’s Classic footwear starting at $250.plim_fw17_mens_ugg_logo_lock-up-01

3.1 Phillip Lim’s provides an approachable designer experience with beautiful everyday classics accented with touches of madness. The result – cool, easy, chic looks for men and women that embody youthful elegance and personal style. Phillip Lim debuted his self-titled brand, 3.1 Phillip Lim, in 2005 to instant success, both critically and commercially. Over ten years later, the brand is now available in over 50 countries and 450 boutiques and department stores worldwide. The company’s vision of designer clothes at contemporary prices has opened up the once dormant bridge market, establishing itself as a respected business model and is seen as a pioneering force in the industry.

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Featuring the Classic High, Classic Short, Outdoor High and Outdoor Short boots the four-piece collection includes classic plaids, bright pops of color and masculine hardware zipper detailing.

As creative director, Lim took his effortless, modern aesthetic and reimagined the California-cool Classic boot UGG® for Men is known for. Featuring the Classic High, Classic Short, Outdoor High and Outdoor Short boots the four-piece collection includes classic plaids, bright pops of color and masculine hardware zipper detailing.

As a designer, I am constantly interested in exploring unexpected elements to create new aesthetic propositions. One of the reasons I wanted to collaborate with UGG is because I felt that together we could create a collection that would inspire a laid back sense of cool. The approach stemmed from my California roots and memories of wearing UGG – a pure expression of unexpected fun and casual elegance” says Lim.

Phillip Lim brings a fresh perspective to our men’s line, reimagining our iconic styles in a new way. This collection reflects his thoughtful craftsmanship in artful stitching and precise detail. We are thrilled to partner with him on this innovative capsule collection this season” adds Andrea O’ Donnell, UGG® Brand President.

The UGG x 3.1 Phillip Lim collection will be available for purchase on www.3.1PhillipLim.com, www.UGG.com and at select retail stores this fall.

A New Step Forward: Cole Haan Launches Studiøgrand Lifestyle Collection

Cole Haan Raises The Bar For Work, Working Out, And Every Adventure In Between

Cole Haan has announced the launch of StudiøGrand: a most versatile women’s lifestyle collection which features understated, minimalist silhouettes made for women who make the most of every step, from studio to street and beyond.

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Cole Haan STUDIØGRAND – Sara Mearns (Principle Dancer at the New York City Ballet)

The Cole Haan StudiøGrand Collection draws inspiration from kindred spirits and pioneers of movement, like Principal Dancer Sara Mearns of the New York City Ballet whose poised athleticism and street-to-studio schedule demanded a shoe that merges substance with style. Other visionaries that have joined the campaign include Coco Rocha – Model, Owner & Director of NoMad Management, and 27-year-old CEO and Co-Founder of groundbreaking Y7 Studio, Sarah Larson Levey.

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Cole Haan STUDIØGRAND – Coco Rocha (Model, Owner & Director of NoMad Management)

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Cole Haan STUDIØGRAND – Pack & Go Trainer in Marine Blue, Duffle and prAna Yoga Mat

StudiøGrand was born out of a need for style and substance in and out of the studio. We have collaborated with extraordinary women, like Sara Mearns, who demand more out of their feet than anyone, to create a collection for the multi-faceted woman constantly moving between the various studios of her life,” says David Maddocks, Chief Marketing Officer and General Manager of Business Development at Cole Haan.

The StudiøGrand Collection includes an array of functional accessories designed for the active woman, including footwear, outerwear, bags, sunglasses, an umbrella and a yoga mat.

The footwear collection highlights the StudiøGrand Pack & Go Trainer with lightweight GRAND.ØS Energy Foam. In addition, the collection also includes a feminine floral embossed StudiøGrand Sneaker, StudiøGrand Packable Ballet Flat, accompanied with a zipper shoe bag for pack-and-play ease, and a breathable StudiøGrand Knit Trainer. Continue reading