Latest news with #footwear
Yahoo
a day ago
- Business
- Yahoo
Dr Martens boss to unveil new strategy to return to growth
The new boss of Dr Martens is to reveal his strategy to get the bootmaker back on track amid a slump in sales. The Camden-based footwear specialist will reveal its latest annual results on Thursday June 5, and is expected to post a drop in revenues and profits. However, investors are likely to focus on a strategy update from the company which is also due that day. Shares in the firm have tumbled by more than 80% since it floated on London's stock market in early 2021. The company has been blighted by sliding sales in recent years as it has fought waning consumer demand and supply chain disruptions. Ije Nwokorie, a former brand chief of the business, took over the top role in January in a bid to help revive its fortunes. This week the company also sought to strengthen its leadership team by appointing Carla Murphy from Adidas as its new chief brand officer and former Nike director Paul Zadof as its Americas president. The appointments come as Dr Martens seeks to bring more shoppers back to the brand and target new growth opportunities. Investec analyst Kate Calvert said: 'Having taken over as CEO in January and knowing the company well (previously chief brand officer and a non-executive director), we expect more of an evolutionary strategy. 'We are looking to hear what the team's growth priorities are from a range, market and channel perspective, and understand the differences in strategic approach to recent history. 'We also expect an update on the delivery of two crucial system projects – its customer data platform plus a supply and demand planning system.' Investec has forecast that the fashion firm will report revenues of roughly £803.5 million for the year to March 31. It would represent another significant drop from £877.1 million the previous year. In its previous update in January, Dr Martens pointed towards a partial recovery over the key festive period amid progress to turn around its US operation. On Thursday, the company is likely to show further progress with its direct-to-consumer business, efforts to increase cost savings and strengthening its balance sheet. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: 'Dr Martens is expected to deliver more evidence that it is pulling itself up by its bootstraps and the turnaround is lacing together. 'It's been reducing inventories and debt, preserving cash and stabilising the business overall. 'So there is more optimism around that Dr Martens can kick off a more sustained recovery.' Shareholders will also be looking for guidance on how its important US business might be impacted by recent tariff rule changes and how the firm might mitigate any impact. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Jim Cramer on V.F. Corporation (VFC): 'We're Still in a Holding Pattern'
We recently published a list of . In this article, we are going to take a look at where V.F. Corporation (NYSE:VFC) stands against other stocks that Jim Cramer discusses. While discussing V.F. Corporation (NYSE:VFC), Cramer said that he needs to see some positive sales growth before he is bullish on the company again. 'The apparel and footwear retailers, they've struggled…. Why don't we start with V.F. Corp?…. For the past couple of years, I've been rooting for V.F. Corp ever since they brought in Bracken Darrell from Logitech to take over CEO. I figured he could eventually turn things around, and eventually is the operative word here, and around this time last year, V.F. Corp started to get back on track… A model walking down the runway wearing a fashionable and performance-based apparel designed by the company. V.F. Corporation (NYSE:VFC) designs and sells branded apparel, footwear, and accessories for all ages. The company features famous brands like The North Face, Vans, and Timberland. Overall, VFC ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of VFC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VFC and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
The Independent
3 days ago
- Business
- The Independent
Dr Martens boss to unveil new strategy to return to growth
The new boss of Dr Martens is to reveal his strategy to get the bootmaker back on track amid a slump in sales. The Camden-based footwear specialist will reveal its latest annual results on Thursday June 5, and is expected to post a drop in revenues and profits. However, investors are likely to focus on a strategy update from the company which is also due that day. Shares in the firm have tumbled by more than 80% since it floated on London's stock market in early 2021. The company has been blighted by sliding sales in recent years as it has fought waning consumer demand and supply chain disruptions. Ije Nwokorie, a former brand chief of the business, took over the top role in January in a bid to help revive its fortunes. This week the company also sought to strengthen its leadership team by appointing Carla Murphy from Adidas as its new chief brand officer and former Nike director Paul Zadof as its Americas president. The appointments come as Dr Martens seeks to bring more shoppers back to the brand and target new growth opportunities. Investec analyst Kate Calvert said: 'Having taken over as CEO in January and knowing the company well (previously chief brand officer and a non-executive director), we expect more of an evolutionary strategy. 'We are looking to hear what the team's growth priorities are from a range, market and channel perspective, and understand the differences in strategic approach to recent history. 'We also expect an update on the delivery of two crucial system projects – its customer data platform plus a supply and demand planning system.' Investec has forecast that the fashion firm will report revenues of roughly £803.5 million for the year to March 31. It would represent another significant drop from £877.1 million the previous year. In its previous update in January, Dr Martens pointed towards a partial recovery over the key festive period amid progress to turn around its US operation. On Thursday, the company is likely to show further progress with its direct-to-consumer business, efforts to increase cost savings and strengthening its balance sheet. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: 'Dr Martens is expected to deliver more evidence that it is pulling itself up by its bootstraps and the turnaround is lacing together. 'It's been reducing inventories and debt, preserving cash and stabilising the business overall. 'So there is more optimism around that Dr Martens can kick off a more sustained recovery.' Shareholders will also be looking for guidance on how its important US business might be impacted by recent tariff rule changes and how the firm might mitigate any impact.
Washington Post
3 days ago
- Business
- Washington Post
Shoe Carnival: Fiscal Q1 Earnings Snapshot
EVANSVILLE, Ind. — EVANSVILLE, Ind. — Shoe Carnival Inc. (SCVL) on Friday reported earnings of $9.3 million in its fiscal first quarter. On a per-share basis, the Evansville, Indiana-based company said it had profit of 34 cents. The footwear retailer posted revenue of $277.7 million in the period. Shoe Carnival expects full-year earnings to be $1.60 to $2.10 per share, with revenue in the range of $1.15 billion to $1.23 billion.
The Guardian
4 days ago
- Health
- The Guardian
Are ‘perversely sexy' flip-flops the final frontier of the ugly shoe trend?
They are typically worn around public swimming pools in the hope of avoiding a verruca. Or slipped on post-pedicure. Now, flip-flops are moving beyond communal showers and nail salons. Along with rattling ice cubes in glasses of rosé, this summer's soundtrack is gearing up to be peppered with the distinctive noise of flip-flops slapping pavements. Libby Jane Page, executive director of Vogue Shopping, describes the footwear style as having 'endless appeal' hailing them a 'summer staple'. The catalyst for the trend? A pair of £670 flip-flops from the Row. Earlier this year, the luxury brand that is helmed by the child TV stars turned designers Mary-Kate and Ashley Olsen and who have a knack for turning basics (black trousers, white shirts, cashmere cardigans) into covetable pieces, included flip-flops with a black fabric thong and red rubber sole in their latest collection. Although many people were outraged by the triple-figure price tag, they quickly sold out. (There is now a waiting list.) Elsewhere on the catwalks, there were jelly flip-flops at Chloé and smart leather iterations at Ferragamo. Coperni did a rubberised platform version, while Miu Miu deconstructed classic Mary Janes, chopping off the almond toe shape to add a flip-flop front. Now the trickle-down effect has flooded the high street. Despite recent dismal weather, searches for flip-flops are up 44% at John Lewis. Bestsellers include a £14.40 black-soled version from Ipanema with a contrasting tortoiseshell thong. Over at M&S, square-toed suede and a leopard-print pairs are in high demand, though almost impossible to track down in stores (online ordering is still not available following a cyberattack). Meanwhile, a £9.95 rubber pair from Muji are being hailed as the perfect dupe for Christopher Esber's £250 plastic thongs. 'In handbags,' Page explains, 'it's always been about what luxury brand you're carrying; in footwear it couldn't be more different – the more democratic the better and it doesn't get more laid-back than the flip-flop.' During the Cannes film festival the model Irina Shayk was photographed hanging out around the Croisette in a £60 studded pair from Mango. Ancient Greek sandals are selling bright rainbow-coloured jelly versions for £95, while the Brazilian OG Havaianas has teamed up with Dolce & Gabbana on a limited-edition collection spanning everything from faux fur to macramé straps (from £120). On Thursday Havaianas announced that the model Gigi Hadid had designed her own collection for the brand with hot orange and ombré styles from £25 the focus. In the same way that Birkenstocks and then Crocs freed themselves from the 'bin shoe' category of footwear (stored by the front door and worn for waste disposal purposes only), perhaps the great flip-flop revival suggests that we are reaching the final frontier of the ugly shoe trend. They also tap into a wider toe-exposure trend, succeeding mesh ballet flats and shoes such as Vibram's FiveFingers that frame each individual phalanx. With flip-flops, the toes have reached maximum display. 'We are certainly in a phalangeal era,' says the fashion writer Liana Satenstein. 'After all, we've seen cleavage, we've seen buttocks in the open, but feet? Whether your hooves are knobby or bunion-ridden, they can be perversely sexy, and people want to express that via a slappy flip-flop.' While flip-flops may be being hailed as a new fashion trend, they are one of the earliest styles of shoes. Rebecca Shawcross, a senior curator at Northampton's Shoe Museum, points to a woven reeds pair from Egypt in their collection that 'look so contemporary' but in fact, date from 350BC. Shawcross explains that flip-flops first infiltrated western fashion in the 1960s taking inspiration from Japanese thonged zori sandals. 'This coincided with developments in the production of rubber. Manufacturers realised that a thong style of shoe made of rubber was easy and cheap to make.' Sign up to Fashion Statement Style, with substance: what's really trending this week, a roundup of the best fashion journalism and your wardrobe dilemmas solved after newsletter promotion The popularity of the trend can also be pegged to the stylist Allison Bornstein's 'wrong shoe theory', a styling hack that involves purposefully wearing an unexpected shoe. The Row's lookbook shows their versions styled with jeans. Hailey Bieber has been pictured wearing Toteme flip-flops with low-rise tailored trousers, while the fashion influencer outfit of choice is jazzy trousers offset with casual minimalist flip-flops from or Aeyde. But as the flip-flop makes it way from beach bars to members' club, the trend comes with a caveat. Helen Branthwaite, the chief clinical adviser for the Royal College of Podiatry, points out they are only a healthy choice of shoe for people with strong feet. 'The style of a thong shoe alters foot function primarily as the way you walk needs to address the lack of fastening on to the foot.' Flip-flops with more of an arch profile and structured sole from brands such as Archies Footwear and Birkenstock may have a better outcome. But Branthwaite says wearing any flip-flop style excessively could increase the risk of injury. 'Adaptation occurs over a prolonged period of time and constant wearers of this style of shoe may find come the winter they can not then get a shoe or trainer on comfortably.' Her advice: 'Variation is key and swapping around helps the foot remain strong whilst also being supported.' With a heatwave on the way, flip-flop fans, you have been warned. To read the complete version of this newsletter – complete with this week's trending topics in The Measure and your wardrobe dilemmas solved – subscribe to receive Fashion Statement in your inbox every Thursday.
