The New Markets Enjoy Decent Fashion Designs

 London Fashion Week | Reuters.com
London Fashion Week | Reuters.com
TT

The New Markets Enjoy Decent Fashion Designs

 London Fashion Week | Reuters.com
London Fashion Week | Reuters.com

There are certain fashion designs that surprise us and make us question whether they were inspired by a personal concept of fashion or designed in favor of a certain environment that shall be promoted in the coming 6 months. Long sleeve dresses, high necklines, long skirts with scarves, hats, and turbans that cover the head might merely be an idea inspired by the designer after a movie or a romantic novel, or they might also be a concept that carries out whole cultural and ethnic features imposed by markets and customers that enjoy remarkable purchasing power.

In all cases, the consumer is the first benefiter in general. Over the past years, runways have been overshadowed with designs that are both decent and elegant with eastern inspirations that sometimes focus on rich fabrics and other times on ethnic prints and embroideries.

Designers expound that time has changed and the concept of attraction has changed with it and thus no longer concentrates on revealing body charms. As a matter of fact today, attraction is based on intellect and culture. Although it seems the new concept flatters the East, and particularly Arab women, it has succeeded in attracting women from all over the world regardless of their nationalities.

Ten years ago, Channel’s designer, Karl Lagerfeld said that fashion is part of people and all ongoing events around the world; pointing to the incidents taking place in the Middle East. Years have passed and many collections were introduced by different designers who adopted and reflected the same “decent” spirit, however some of them only aimed at achieving financial profits by introducing typical and stereotyped attires that lacked uniqueness and did not fully respond to the demands of modern conservative women.

Valentino, which is partially owned by the Qatari firm “Mayhoola for Investments”, was the best in embodying the trend of decent fashion and in introducing designs that feature femininity as an equivalent concept of attraction. Obviously, the new fashion styles have served the Arab woman’s taste, as it showed that femininity doesn’t mean the revelation of body charms and body details.

Professor Reina Lewis from London College of Fashion (LCF) implemented many researches in this field and discovered that decent designs were increasingly spreading among the young generation regardless of factors like religion, ethnicity, and nationality.

Lewis also found that young ladies are imposing their styles in the market, like the Duchess of Cambridge Kate Middleton, who insisted from the beginning on waiving seduction and choosing a classic elegant style, including her royal wedding dress and attires she chose in her official appearances.

Designers say that the success and self-esteem of the modern women, who don’t feel that they need to reveal their body charms to fulfill their ambitions, has encouraged them on adopting this style in their lines. They add that while women in the past used to wear revealing attires to feel appreciated and attractive, the new generation insists on choosing comfortable and flexible clothes to wear.
Jamila Halfichi



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)
TT

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.