Leather at Acne Studios, Shaggy Coats at Dries Van Noten for Paris Fashion Week

A model presents a creation by designer Dries Van Noten as part of his Fall-Winter 2024/2025 Women's ready-to-wear collection show during Paris Fashion Week in Paris, France, February 28, 2024. REUTERS/Gonzalo Fuentes
A model presents a creation by designer Dries Van Noten as part of his Fall-Winter 2024/2025 Women's ready-to-wear collection show during Paris Fashion Week in Paris, France, February 28, 2024. REUTERS/Gonzalo Fuentes
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Leather at Acne Studios, Shaggy Coats at Dries Van Noten for Paris Fashion Week

A model presents a creation by designer Dries Van Noten as part of his Fall-Winter 2024/2025 Women's ready-to-wear collection show during Paris Fashion Week in Paris, France, February 28, 2024. REUTERS/Gonzalo Fuentes
A model presents a creation by designer Dries Van Noten as part of his Fall-Winter 2024/2025 Women's ready-to-wear collection show during Paris Fashion Week in Paris, France, February 28, 2024. REUTERS/Gonzalo Fuentes

For his fall/winter runway presentation, Acne Studios creative director Jonny Johansson showed slick, all leather looks and long, tailored jackets on Wednesday at Paris Fashion Week.
The collection was "rooted in toughness and human form, leather and denim," said the show notes, affixed to each seat.
"A celebration of uncompromising femininity." Leather bodysuits had high necks and voluminous sleeves and were left unzipped in the back, while floor-sweeping trench coats were tightly fitted.
Softening the lineup were all-white looks, including a long gown with buttons running down to the navel as well as an earth-coloured dress worn with a thick, furry scarf.
Dries Van Noten, who showed earlier on Wednesday, also featured thick scarves in his catwalk show, including one with sparkles that framed the model's head like a pillow.
The Puig-owned label's lineup came in pastels, grey and light browns, and included coats and bomber jackets with rounded shoulders, as well as tailored suits embellished with shimmery beadwork.
"It’s the way that he drapes, it’s the way that he styles, it’s the way that he designs these clothes — there’s always a woman in mind," said fashion commentator Hanan Besovic, known for his Instagram account @ideservecouture.
French-Moroccan creative director Charaf Tajer also held a runway show on Wednesday, for his label Casablanca's collection called "Venus as a Boy."
Held in the historic Paris Bouglione circus house, models walked the circular runway showcasing sporty tracksuits, cheerleader skirts and sheer, fitted skirts with slits.
Paris Fashion Week runs through March 5, with upcoming shows from Chanel, Hermes, Kering-owned Balenciaga and LVMH's Louis Vuitton.



Nike's New CEO Plans to Go Back to Basics in Brand Overhaul Effort

The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)
The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)
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Nike's New CEO Plans to Go Back to Basics in Brand Overhaul Effort

The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)
The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)

Nike's new CEO Elliott Hill warned of a long road to sales recovery for the sportswear giant, but the veteran executive's plan to turn the spotlight on sports like basketball and running, allayed some investor worries.

The company said on Thursday it was expecting third-quarter revenue to drop to low double digits after the embattled sportswear seller's quarterly results beat market estimates.

Hill, in his first public address as CEO on the post-earnings call, said Nike had "lost its obsession with sport" and vowed to put it back on track by refocusing on sport and selling more items at premium prices, Reuters reported.

"The recovery is going to be a multi-year process, but he(Hill) seems to be going back to the roots, back to Nike being Nike," said John Nagle, chief investment officer at Kavar Capital Partners, which owns Nike shares.

"(Hill plans to shift focus) away from some of the streetwear and fashion that had taken over the brand, the heavy discounting and the neglect of retailers. Just taking it back to what worked," Nagle said.

Hill, who was with Nike for more than three decades, returned as CEO in October to revive demand at the firm that has been struggling with strategy missteps that soured its relations with retailers such as Foot Locker.

Earlier this month, Foot Locker CEO Mary Dillon said Hill was "taking the right actions for the brand" and the retailer was "working closely" with Nike to emphasize newer sportswear styles, including Vomero and Air DT Max.

"(The retailers) they want us to get back to being Nike, and they want us to have the unrelenting flow of innovative products... and they want us to get back to delivering bold brand statements that help drive traffic," Hill said.

The company's market share dwindled as rival brands, including Roger Federer-backed On and Deckers' Hoka , lured consumers with fresher and more innovative styles.

Hill also highlighted that a lack of newness led Nike to become too promotional and said he plans to shift to selling more at full price on its website and app.

"With another half year of franchise management coupled with investment to reinvigorate the brand, we believe the next four quarters could be the worst of the margin erosion and earnings per share reductions," Barclays analyst Adrienne Yih said.

At least seven brokerages cut price targets on the stock with some analysts pointing to the lack of a clear timeline for Nike to return to growth.

Shares of Nike, which have lost about half of its value in the last three years, were down nearly about 2% in early trading on Friday.

Nike's forward price-to-earnings ratio for the next 12 months, a benchmark for valuing stocks, was 27.53, compared with 33.47 for Deckers and 32.32 for Adidas.

"A rudderless ship now has a rudder, and a sailor who knows how to drive it," said Eric Clark, portfolio manager at the Rational Dynamic Brands fund that owns Nike shares.