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



Birkenstock Results Beat on Resilient Demand, Forecasts Margin Recovery

A Birkenstock shoe is displayed at Birkenstock shoe store in London, Britain, October 11, 2023. (Reuters)
A Birkenstock shoe is displayed at Birkenstock shoe store in London, Britain, October 11, 2023. (Reuters)
TT

Birkenstock Results Beat on Resilient Demand, Forecasts Margin Recovery

A Birkenstock shoe is displayed at Birkenstock shoe store in London, Britain, October 11, 2023. (Reuters)
A Birkenstock shoe is displayed at Birkenstock shoe store in London, Britain, October 11, 2023. (Reuters)

Birkenstock beat market expectations for fourth-quarter results on robust demand for its pricey footwear and forecast a recovery in margins in fiscal 2025, sending the company's shares up 7% on Wednesday.

With fresh styles becoming a priority for consumers, Birkenstock's sandals and closed-toe clogs have drawn new customers both at its own stores and at retailers.

The company bypassed steep discounting trends evident during the holiday shopping season, which Birkenstock executives said was off to a strong start globally.

"The expansion of ranges into more closed-toe silhouette has helped boost revenue, given that they offer multi-season wear," Susannah Streeter, head of money and markets at Hargreaves Lansdown, said.

Germany-based Birkenstock's average selling prices across its product range were up 8% in fiscal 2024, in part due to higher sales of clogs, the company said, adding that closed-toe styles now made up about a third of its business.

The company has invested in expanding its global store presence and increasing manufacturing capacity this year to meet demand.

While it led to a 330-basis point drop in gross margins in fiscal 2024, Birkenstock forecast a recovery in margins in fiscal 2025 as it ramps up production from new facilities.

The company reported fourth-quarter revenue of 455.8 million euros ($478.27 million), compared with the average analyst estimate of 439.2 million euros, according to data compiled by LSEG.

However, Birkenstock's forecast for fiscal 2025 revenue to increase between 15% and 17% was below estimates of 17.5% growth.

"It would appear with this incredibly healthy growth, the company is choosing to adopt a conservative approach that they expect to be able to meet and beat," BMO Capital Markets analyst Simeon Siegel said.

On an adjusted basis, Birkenstock earned 0.29 euro per share, beating estimates of 0.26 euro.