Latest news with #sandal
Yahoo
3 days ago
- Business
- Yahoo
Sean Wotherspoon's Teva Sandal and Sneaker Collabs Just Dropped
Sean Wotherspoon has partnered with the sandal company Teva for his latest collaboration. Available now is the Sean Wotherspoon x Teva collection that includes colorful iterations of the sandal maker's Hurricane XLT2 ($100) and Wraptor sandals ($200), along with the Wraptor shoe ($215). According to the brand, Wotherspoon plucked the Wraptor models out of its archives, given their nostalgic-yet-futuristic designs. Both the Wraptor sneaker and sandal, along with the brand's popular Hurricane XLT2 sandal, sport multicolored accents predominantly on the straps, while co-branding appears on the footbeds. "Working with Teva on this collection gave me the chance to explore design through movement," Wotherspoon said. "We pushed into the archive, experimented with materials and colors, and built something that feels nostalgic but ready for wherever you take it." COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess. Readers who are interested in the project can cop a pair now at and at select retailers, including Kith and Extra Butter. Grab a closer look at all three styles below. Related Products Clearweather Brand WAMPA DEUX $279 , Clearweather Brand WAMPA DEUX $279 , Worst Case Panther Paws $40 , Ohana Hatake Surippa Ohana Jasmine $70 Related News , , Related News The Best Nike SB Dunks of All Time, Ranked Asics Is the Fastest-Growing Sneaker Brand on StockX in 2025 So Far COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess. Making Culture Pop. Find the latest entertainment news and the best in music, pop culture, sneakers, style and original shows. Solve the daily Crossword
CNN
4 days ago
- Entertainment
- CNN
Adidas apologizes after officials say it appropriated indigenous Mexican shoe design
The shoe designer and Adidas are apologizing after officials say the company culturally appropriated a sandal known as the Oaxaca slip-on. CNN's Valeria Leon reports.
Reuters
5 days ago
- Business
- Reuters
Birkenstock's profit beats estimates on strong footwear demand at full price
Aug 14 (Reuters) - Birkenstock (BIRK.N), opens new tab beat third-quarter profit expectations on Thursday on strong demand for its clogs and shoes at full price, and said it was well placed to manage the hit from a 15% U.S. tariff on European imports. Shares of the German sandal maker jumped 5% in premarket trading as it also stuck to its annual margin forecast despite a "significantly weaker" dollar. Birkenstock's suede leather closed-toe Boston clogs, which sell at $179.95 online, have seen firm demand from wealthy shoppers despite price increases, boosting its gross margin by 100 basis points to 60.5%. The company makes 95% of its shoes at its own factories in Germany and expects to manage the fallout of U.S. tariffs through price increases, cost discipline and inventory management, CEO Oliver Reichert reiterated. To offset tariff impact, it had raised prices by low single-digit in the last quarter. Sustained demand and strong full-price sales have also boosted performance at high-end peers such as Ralph Lauren's (RL.N), opens new tab Polo t-shirts and Hoka shoes from Deckers Outdoor (DECK.N), opens new tab. Birkenstock's sales in Americas grew 16% after accounting for currency fluctuations, compared with 20% growth in the previous three months. It reported quarterly revenue of 635 million euros ($741.49 million), compared with expectations of 636.74 million euros, according to data compiled by LSEG. On an adjusted basis, it earned 62 euros per share, above the estimate of 60 euros. Birkenstock maintained fiscal 2025 revenue growth at the high-end of its forecast range of 15% to 17%, while its expectations for adjusted EBITDA margin - a measure of profitability - remained unchanged at 31.3% to 31.8%. ($1 = 0.8564 euros)
Reuters
5 days ago
- Business
- Reuters
Birkenstock beats profit estimates on strong full-price footwear sales
Aug 14 (Reuters) - German sandal maker Birkenstock (BIRK.N), opens new tab beat third-quarter profit expectations on Thursday, helped by strong full-price sales of its sandals and shoes, and said it was well placed to manage the impact of the 15% U.S. tariff on European imports. The company's shares jumped 5% in premarket trading, after it also stuck to its margin forecast for the year despite a "significantly weaker" dollar. Birkenstock, whose suede leather closed-toe Boston clogs sell at $179.95 each online, has seen firm demand over the past several quarters as wealthy shoppers showed few signs of resistance to price increases. Sales grew 16% in constant currency terms in the Americas during the quarter, after 20% growth in the previous three months. Sustained demand and strong full-price sales have also boosted performance at high-end peers such as Ralph Lauren's (RL.N), opens new tab Polo t-shirts and Hoka shoes from Deckers Outdoor (DECK.N), opens new tab, as shoppers prioritize sought-after and trendy products. Birkenstock's gross profit margin for the quarter ended June 30 jumped 100 basis points to 60.5%. The company had earlier said it expected to fully offset tariffs impact, helped by a low-single-digit price increase, as it sources and manufactures nearly all of its products in Europe. It reported quarterly revenue of 635 million euros ($741.49 million), compared with analysts' average estimate of 636.74 million euros, according to data compiled by LSEG. On an adjusted basis, it earned 62 euros per share, above the estimate of 60 euros. Birkenstock maintained fiscal year 2025 revenue growth at the high-end of its forecast range of 15% to 17% in constant currency. ($1 = 0.8564 euros)
Reuters
5 days ago
- Business
- Reuters
Birkenstock narrowly misses quarterly sales estimates as demand cools
Aug 14 (Reuters) - German sandal maker Birkenstock (BIRK.N), opens new tab narrowly missed third-quarter revenue expectations and reported slower sales growth in the Americas region on Thursday, but said it was well placed to manage the impact of the 15% U.S. tariff on European imports. Birkenstock, whose suede leather closed-toe Boston clogs sell at $179.95 each online, has seen firm demand over the past several quarters as wealthy shoppers showed few signs of resistance to price increases. But the uncertainty from the ongoing tariff war has pushed prices higher on everything from essential goods and services to discretionary items such as high-end footwear, prompting even the more affluent shoppers to tighten their wallets. The company's gross profit margin during the quarter ended June 30 came at 60.5%, up 100 basis points. It reported quarterly revenue of 635 million euros ($741.49 million), compared with analysts' average estimate of 636.74 million euros, according to data compiled by LSEG. Birkenstock maintained fiscal year 2025 revenue growth at the high-end of its forecast range of 15% to 17% in constant currency. ($1 = 0.8564 euros)
