Posted by Shirley Brady on March 12, 2014 03:29 PM
There has been a lot said about this "strangers kissing" viral ad for fashion label Wren. In fact, it has already garnered 29 million views and counting, but we're not so sure it's worthy of the attention.
So, strangers kissed—like professional actors do everyday—and the world did not stop turning. If Wren really wanted to make a lasting viral hit, it would have picked some protagonists who were not just attractive, skinny hipsters. And therein it tips its hand: what fashion label wants to see unattractive people making out in its clothing?
Posted by Mark J. Miller on January 28, 2014 07:36 PM
Puma has made a major move, signing a five-year "kit" deal with English Premier League powerhouse Arsenal, dealing a major blow to 20-year partner Nike.
The move is all part of a brand renewal strategy under new Puma CEO Bjoern Gulden that aims to re-establish the brand in the sports apparel market, which has taken a backseat to its lifestyle brand in recent years.
The new $249 million deal is the largest ever for "the Gunners," as the legendary football club is calld by fans, and Puma, and drops the apparel-maker's logo right back into the spotlight on the backs (and rear-ends and cleats) of one of the league's hottest clubs, Sports Business Daily notes.
Arsenal’s previously struck a sponsorship deal with Emirates Airlines in 2012 for five years and $248 million.
In addition, Puma has gained the rights to produce other Arsenal-related merchandise. Arsenal Manager Arsene Wenger, who is also slated to sign a new contract with the club, will be given a large pool of cash to recruit free agents.Continue reading...
Posted by Mark J. Miller on January 20, 2014 12:41 PM
Despite the fact that many people may not know who Stan Smith actually is, they likely know his shoe. Smith himself says his own son once asked him if the shoe had been named for him or if he had been named for the shoe.
The shoes, in fact, were named for the American tennis icon 50 years ago—a date Adidas is celebrating by introducing two new Stan Smith collections. After all, more than 40 million pairs have already been sold, making it the top-selling brand in the history of Adidas.
The big anniversary celebration included a Stan Smith-themed pop-up store at the Old Truman Brewery in East London that featured “an interactive floor, a digital 'Stan Yourself' station, and a 3D printing post” that allows consumers to print out “trefoil lace locks,” according to Dexigner.com. What's "Stan Yourself," you may ask?Continue reading...
Posted by Sheila Shayon on December 16, 2013 10:14 AM
Despite a firestorm of criticism over a product recall, management shake-ups, and inappropriate comments from its eccentric founder, upscale athletic fashion retailer Lululemon Athletica recently reported increased profits and revenue in the third quarter.
The Vancouver-based company most known for its yoga apparel said profits rose 15 percent to $66.1 million, or 45 cents per share, for the three-month period ending Nov. 3. Revenues climbed to $379.9 million from $316.5 million for the quarter, beating expectations of $374.6 million. But the company's recovery may come to a halt next quarter, with projections for same-store sales coming in flat—collateral from a year of struggle for the company.
Perhaps a holiday blessing for Lululemon will be the pending departure of outspoken, controversial founder Dennis J. Wilson, known as Chip, who will be stepping down as chairman of the board, though he'll remain a member.
Wilson most recently ignited a firestorm after telling Bloomberg TV in November that "some women's bodies just actually don't work," for the company's famed yoga pants, the focus of a March recall that shed a spotlight on the company's flawed supply chain and quality control issues. Wilson's comments irritated an already inflamed sentiment that the company neglected plus-size women—an issue that it has yet to address.Continue reading...
Posted by Sheila Shayon on November 15, 2013 03:42 PM
Swedish retail giant Hennes & Mauritz is gunning for its “coolly-minimal younger sibling,” COS, to make big a splash in the US market after building up quite a fanbase in Europe, Asia and the Middle East. The brand will make its debut in the spring, joining fast-fashion phenom H&M.
But the higher-priced, more artsy brand has no intention of settling for second place. According to H&M's head of business, Marie Honda, the high-fashion brand has the potential to be huge. After testing the waters earlier this month with a NYC pop-up shop at Opening Ceremony, the upscale, minimalist and cosmopolitan COS brand will target US ities "that have an international feel," Honda told Women's Wear Daily.
Come spring 2014, the brand plans to launch US e-commerce and open its first store in April in NYC's Soho neighborhood.
It’s a strategic shift for H&M, which launched in the US market as a trendy and cheaper alternative to Gap, Zara and Forever 21, and for whom American stores deliver the most revenue after Germany.Continue reading...
Posted by Mark J. Miller on November 14, 2013 07:47 PM
It has been some time since Crocs ruled the footwear industry. Back in 2007, the brand of rubbery footwear was valued at around $5 billion, but it has steadily fallen since, now sitting somewhere around $1.17 billion.
With sales continuing to fall and profits taking a nose dive, the brand is reportedly seeking ideas to take the publicly-traded company private, the Wall Street Journal reports. "The company's board has invited a small group of private-equity firms to present their ideas for a buyout," the paper notes, but the move by no means is a guarantee that the brand will retreat from the public markets.
More than 200 billion of the brand's shoes have been sold in 90 countries since its inception in 2002, and if Bloomberg has anything to say about it, that may be the root of Crocs' problems. Since the fad's peak in 2007, the brand has been "hurt by competition from knockoffs as well as the decision to sell the clogs—now called Crocs Classic—everywhere, including in gas stations."Continue reading...
Posted by Sheila Shayon on November 12, 2013 06:41 PM
Fair trade and sustainability aren't just terms associated with food and CPG brands. More clothing brands are taking a closer look at how their garments are made, what they're made of and who is doing the work, and iconic clothier Levi Strauss & Co. is the latest to join the effort.
The company's new Dockers Wellthread line includes a men's collection that combines sustainable design, environmental practices, and support of an eco-system that provides for all apparel workers. The line will be available online and in-stores in Europe.
“How you make a garment is just as important as the garment itself,” Michael Kobori, the company's VP of social and environmental sustainability, told WWD. “We believe that we can use our iconic brands to drive positive sustainable change and profitable results. With that comes the responsibility to continually innovate for each new generation of consumers.”Continue reading...
sports in the spotlight
Posted by Mark J. Miller on November 11, 2013 06:04 PM
Adidas announced lackluster third-quarter results last week, with hopes for a fourth quarter sprint to put things right. “Sales were down 7%, with operating profit 6% lower,” Reuters reported. Archrival Nike, meanwhile, has been on a rollw. When it revealed its fiscal first-quarter numbers back in September, revenue had risen 8% over the same period in the previous year.
That's why Adidas is hoping that its official sponsorship role for next summer’s World Cup in Brazil will help revive sales just as its connection to the London 2012 Olympic Games and European Championships did last summer.Continue reading...