Victor Glemaud Puts Fashion on Roller Skates at Fashion Week

The Victor Glemaud Spring 2023 collection is modeled during Fashion Week, Saturday, Sept. 10, 2022, in New York. (AP)
The Victor Glemaud Spring 2023 collection is modeled during Fashion Week, Saturday, Sept. 10, 2022, in New York. (AP)
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Victor Glemaud Puts Fashion on Roller Skates at Fashion Week

The Victor Glemaud Spring 2023 collection is modeled during Fashion Week, Saturday, Sept. 10, 2022, in New York. (AP)
The Victor Glemaud Spring 2023 collection is modeled during Fashion Week, Saturday, Sept. 10, 2022, in New York. (AP)

Tourists and New Yorkers alike crowded around the Rockefeller Center roller skating rink on Saturday trying to catch a glimpse of the vibrant statement knits on display at Victor Glemaud’s latest New York Fashion Week show.

For the Haitian American designer, who grew up in New York, the show held a sentimental meaning but served also as a marker in his career as his brand continues to grow. He launched his label in 2006 and has since collaborated on a collection with Target and forayed into home goods with Schumacher.

Glemaud’s show opened with roller skaters wearing his signature knits, bursting onto Flipper’s Roller Boogie Palace rink, laughing and dancing as guests looked on. It continued with models displaying sheer looks, eye-catching cutouts, a few capes and a new collection of eyewear.

Glemaud drew inspiration for his contemporary sportswear looks from a recent trip to Harbour Island in the Bahamas. Glemaud said he wanted his collection to feel effortless, joyful and “something you want to wear in the summer.” Models strutted around the rink in skin-baring crocheted cover-ups looking like they'd just come from an ocean resort.

Glemaud’s brand was one of a record-breaking 28 Black-owned brands on display this New York Fashion Week.

“We have strived, and we love this industry,” Glemaud said of his fellow Black designers. “And, you know, our businesses for the majority are independently owned and self-financed. Fashion week means a lot. So, the more the merrier.”

During the pandemic, the designer founded “IN THE BLK,” a nonprofit collective to support Black creators in the fashion industry.

“It’s about bringing collective creative entrepreneurs together, not just fashion designers,” he said.

Glemaud’s show brought out a handful of TikTok celebrities, among them fashion influencer Brittany Xavier.

“I love that his collection is so inspired by summer and being together,” she said. “The kind of energy that we’ve been missing for the past two years.”

While Glemaud relied on a minimalist color palette and one animal print, that didn’t stop the youthfulness of his designs from shining through with his playful cut-outs. They elevated his dresses with a subtle sensuality and gave a stylish update to swimsuits.

The capes emblazoned with the letter “V” and form-fitting leopard prints would have been considered showstoppers of the night, had it not been for one moment that stood out from the rest: As the show wrapped, Glemaud’s mother, Julie, began to tear up with pride.

“The vibration, the love, the joy,” she said. “It is always fun with Victor.”



Nike Sinks as Gloomy Sales Forecast Fans Growth Concerns

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 Sinks as Gloomy Sales Forecast Fans Growth Concerns

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 shares slumped 15% premarket on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market share losses to upstart brands such as On and Hoka.

The company on Thursday projected a mid-single-digit percentage fall in fiscal 2025 revenue, compared to analysts' estimates of a near 1% rise, dragging shares of rivals and sportswear retailers across Europe, UK and US on Friday, Reuters reported.

British sportswear retailer JD Sports fell as much as 6.6% and Germany's Puma lost 4%, while Adidas was flat after briefly rising nearly 2%.

"Nike shares are headed for a stay in the proverbial penalty box until new product innovations actually start to manifest themselves and management regains investor trust," Wedbush analyst Tom Nikic said in a note.

To be sure, Nike has cut back on oversupplied brands including Air Force 1 to curb a worsening sales decline as part of a $2 billion cost-cutting plan launched late last year.

Nike is set to roll out this year an Air Max version and Pegasus 41 with full-length foam midsole made from ReactX to boost sustainability, responding to concerns over stagnating innovation.

The company was "also accelerating planned reductions for our three largest franchises ... while we have work to do, we are very focused on scaling the newness to offset this planned reduction," CEO John Donahoe said on a post-earnings call.

Newer sporting goods brands, including Hoka, Asics, New Balance and On, accounted for 35% of global market share in 2023 compared to the 20% held over the 2013-2020 period, according to a RBC research report released in June.

"They know where the problems are, but they're having trouble right now generating demand and it is going to be a transition period that is going to take some time in different markets," Morningstar analyst David Swartz said.

Nike's US market share in the sports footwear category fell to 34.97% in 2023 from 35.37% in 2022, and 35.40% in 2021, according to GlobalData.

At least six brokerages downgraded the stock and 15 cut their price targets on Nike.

Nike's shares were trading at 25.13 times profit estimates while On and Deckers were trading at 37.41 and 31.13 times earnings expectations.