Footwear News | Shoes and Boots News | Fashion Trends – Footwear-News.com

Footwear News: reporting on the latest in shoes industry , Sneaker & Boots trends, fashion news and celebrity style.Footwear-News.com

  • HOME

Archive for November, 2023

Eveningwear Design Darlings Sachin & Babi Expand Into Shoes, Handbags

Sachin, Ahluwalia, Babi Ahluwalia, Sachin & Babi, designers
Design duo Babi and Sachin Ahluwalia.
COURTESY OF SACHIN & BABI

Sachin & Babi are ready for something new.

The married design duo known for their eveningwear and embroideries is taking their business one step further with an expansion into shoes and handbags for the first time.

In what they call a small “test-and-see” collection, Sachin & Babi have delivered a capsule of accessories filled with their signature design details. More specifically, the debut line includes two shoe styles and three bags that the couple say are a response to the desires of their loyal customers who often wear the label’s evening, bridal and occasion apparel.

“Our customers have been asking for accessories to go with our dresses for quite some time, Sachin Ahluwalia said during a collection preview at the couple’s home in NYC’s Tudor City neighborhood this week. “It felt like the right moment, especially given our exponential growth in recent years.”

As for important design details, Sachin points out that bows are “integral” to the brand’s design, so it was essential to incorporate this into their new line of accessories. And while the company does maintain a family-owned atelier in South Mumbai where second generation artisans craft all their embroideries, Sachin & Babi are working with partners in Vietnam to produce the footwear.

Sachin & Babi, bags, shoes, accessories, lennox slingback
Sachin & Babi’s new Lennox slingbacks. COURTESY OF SACHIN & BABI

“We do make the bows ourselves by hand, but then they’re shipped to our external partners for finishing,” Sachin said. “This also helps keep our collection sitting at the value-driven price points we like to maintain.”

Looking at the shoe collection, which feature cushioned soles, consumers will find the “Lenox,” a closed-toe, obi-bow slingback which debuts in four colorways: Cerise and Noir Flower in duchess satin, as well as Garden Club and Pink Lemonade in faille. The second style, the “Chelsea” is an open-toe strappy pump available in two colors: Electric Lime and Blue Ikat Floral.

As for the bags, the duo has released the “On The Rocks” convertible clutch, which showcases a gold tone finish, faceted step-cut crystal embellishments, fuchsia lining with interior pocket, and a removable gold tone chain with top closure in both duchess satin or Faille. The look is fashioned in six colorways.

Sachin & Babi, bags, shoes, accessories, chelsea pumps, cupids clutch
A model wears Sachin & Babi’s new Chelsea pumps and Cupid’s Clutch. COURTESY OF SACHIN & BABI

The “Bubbly Bag,” an evening look with a silver tone finish, features a pearl and crystal embellished half-moon top handle, fuchsia lining with interior pocket, and a removable gold tone chain with top closure, offered in black and pewter. And, the “Cupid’s Clutch,” in electric lime and silver sequin, boasts a silver finish, a removable silver tone chain with top closure, and what will become a signature fuchsia lining with interior pocket.

The new shoe and bag range, which retails between $295 to $425, is now available for pre-order and will be officially released in February. More styles are expected in coming seasons.

Sachin & Babi, bags, shoes, accessories, bubbly bag
A model showcases the new Bubbly Bag. COURTESY OF SACHIN & BABI

But for now, consumers will have to go direct to the brand’s website to get their hands on the label’s newest addition. “In the future, we will open the categories up to key retail partners, but in the meantime, we want to build this out sensibly and progress naturally,” Babi said.

Since launching their label in 2009, Indian-born husband and wife designers Sachin and Babi Ahluwalia first cut their teeth in fashion producing embroideries for such labels as Oscar de la Renta, Carolina Herrera, Jean-Paul Gaultier, and Manolo Blahnik.

Today, Sachin & Babi has a growing global presence with an international e-commerce business and a select in-store offering with preferred retailers both internationally and domestically. Their designs have been seen on the likes of Michelle Obama, Priyanka Chopra, Jennifer Lopez and Taylor Swift.

Sachin & Babi, bags, shoes, accessories, on the rocks clutch
Sachin & Babi’s new On The Rocks clutch. COURTESY OF SACHIN & BABI
2023
11/14
CATEGORY
BUSINESS
TAGS
bridal
Manolo Blahnik
Michelle Obama
Sachin & Babi’s
slingbacks.
1,276 comments

3 Big Takeaways From a Packed Earnings Week in Footwear & Fashion — From More North American Worries to New Restructuring Efforts

Adidas, Sporty & Rich, sneakers, low top sneakers, Samba sneakers, Samba OG sneakers, Stan Smith sneakers, white sneakers, lace up sneakers, athleisure, hoodies, sweatpants, shorts, collaborations, athletic collaborations
Adidas x Sporty & Rich’s fall 2023 collection.
COURTESY OF ADIDAS

It was a mixed bag for many companies this week as earnings season kicks into full swing.

Adidas, Allbirds, Steve Madden, Wolverine Worldwide, Under Armour, Tapestry, Capri Holdings, Tod’s and Ralph Lauren all reported earnings results this week. In some cases, these companies posted a positive outlook on the year, but most are dealing with several headwinds and internal challenges as the state of where the U.S. economy is heading remains top of mind.

As we look back on the week, here are top three takeaways from the most recent round of earnings reports.

More Trouble in North America

Under Armour, Adidas and Tapestry were among the companies this week reporting softening demand in the U.S. and North America as the market continues to cause anxiety.

For Adidas, the German sports brand said this week that the North American region was “problematic” in the third quarter, with sales there falling 8.8 percent to 1.48 billion euros.

Adidas said it’s dealing with higher inventory levels, and therefore increased discounting, in North America and is trying to reduce the level of goods it has there, the company explained. There was also consecutive improvement here: in the second quarter, sales in North America had fallen 16 percent.

As for Under Armour, president and CEO Stephanie Linnartz said on a conference call with analysts on Wednesday morning that driving U.S. sales is a priority for the company going forward. In fact, the company’s poor performance in the region led to Under Armour to revise its full year outlook – citing “several pressures” impacting its North American business like continued inflation, mixed consumer confidence and the effects of wholesale channel destocking having led to softness in future orders.

Capri Holdings is also feeling the sting from American consumers. The company took a big hit in the second quarter as softening consumer demand and a hitch with a new e-commerce system hurt sales ahead of the company’s planned takeover by Tapestry Inc. next year.

Every owned brand at Capri saw a dip in sales, each citing softening consumer demand in North America. Revenue in the Americas at Capri’s Versace label saw a 20 percent decline in the quarter, Jimmy Choo saw revenue drop 11.6 percent in the region — and Michael Kors declined 13.5 percent.

Wholesale Confusion

Under Armour, which once pulled back its wholesale distribution, is now revisiting the channel as it looks to grow its business.

CEO Stephanie Linnartz, who took over the helm of the company in February, said that the expected downturn in the second half is being driven by continued “pressures in our wholesale business,” due in part to inflation and lower consumer confidence, which have led to promotions and an “overall softness in our future wholesale order book.” In the third quarter, Under Armour’s wholesale revenue decreased 1 percent to $840 million.

To counteract these challenges, Linnartz said, the company is leaning into a more premium wholesale distribution strategy. As reported, Under Armour had made plans to exit 2,000 to 3,000 doors in North America to focus on more productive partnerships such as those with Dick’s Sporting Goods and Macy’s.

Steve Madden also reported declines in its wholesale channel. In the third quarter, the company said wholesale revenue declined 0.3 percent to $433.5 million. Wholesale footwear revenue decreased 7.5 percent, while accessories and apparel revenue in the segment increased 22.7 percent.

On a call with analysts this week, Steve Madden chairman and CEO Edward Rosenfeld said that strengthening the company’s core U.S. wholesale footwear business is a key priority.

“This business has been under significant pressure this year as our wholesale customers pulled back on orders across the board as they prioritize inventory control,” Rosenfeld said. “But while we are still not all the way back to where we’d like to be, we saw a significant improvement in the third quarter. U.S. wholesale footwear revenue decreased 6 percent in the quarter, and we expect to see sequential improvement again in the fourth quarter.”

The Era of Transformation Plans

Amid the economic uncertainty the industry is facing, several companies are forging ahead with transformation plans.

At Wolverine Worldwide on Thursday, the Rockford, Mich.-based footwear company revealed a new round of layoffs as it looks to streamline the company. While Wolverine did not disclosed the number of employees affected by this move, the company said in a press release that these reductions are part of a group of initiatives that are expected to deliver $215 million in annualized savings.

At the same time, newly appointed president and CEO Chris Hufnagel said the company would continue to pursue the sale of other non-core assets in the fourth quarter. This follows the company’s recent sale of Keds as well as the Hush Puppies intellectual property in China, Hong Kong, and Macau, and the sale of its North American Wolverine Leathers business to New Balance.

At Allbirds, which is in the middle of executing its own transformation plan, co-founder and CEO Joey Zwillinger said the company’s third quarter results represented progress with a new strategy meant to jumpstart growth and improve capital efficiency and profitability.

After some product missteps in 2022, Allbirds’ transformation plan has largely hinged on doubling down on core products, like the Wool Runner, and shifting away from newer styles that have not resonated as strongly with consumers. This strategy most recently came to life with the launch of the Wool Runner 2 earlier this month.

“When we enter 2024, we’ll have that recalibrated product assortment, less discounted product driving higher full price sell through and we’ll put marketing in a more prominent position to then enjoy the benefits of all the cost reduction that we did in 2023,” Zwillinger said.

 

2023
11/14
CATEGORY
BUSINESS
TAGS
Adidas
earnings
planned takeover
plans
pursue the sale
reported declines
Tod’s
Under Armour
7 comments

Footwear News

reporting on the latest in shoes industry , Sneaker & Boots trends, fashion news and celebrity style.Footwear-News.com
RSS FEED

Categories

  • BOOTS
  • BUSINESS
  • FASHION
  • SANDALS
  • SHOES

Archives

  • February 2025
  • October 2024
  • August 2024
  • May 2024
  • April 2024
  • November 2023
  • August 2023
  • July 2023
  • June 2023

Recent Posts

  • P448 Promotes Lori Sigismondo to Brand President
  • Shoe Price Increases Accelerated in January — And With Trump’s Tariffs, The Hikes Might Just Be Beginning
  • Steve Madden Snaps Up Kurt Geiger for $360 Million
  • 7 Best Compression Socks of 2024
  • Crocs On The Clock Work Slip-On Clogs

Recent Comments

    November 2023
    M T W T F S S
     12345
    6789101112
    13141516171819
    20212223242526
    27282930  
    « Aug   Apr »

    Tags

    Adidas back best black boots clogs crocs day dress earnings fashion finds first Foot Locker footwear Footwear News how keep low men new nike opens origin plans prices pumps range red release released sandals school season shoe shoes size sneaker sneakers style summer Under Armour up what women
    • Copyright ©  2023-2025 Footwear News | Shoes and Boots News | Fashion Trends – Footwear-News.com

      hey dude | clarks outlet | on running | jared jewelry | Allen Edmonds Shoes | sam edelman shoes | Tory Burch Outlet | irish setter boots | danner boots | Running Shoes | olukai shoes | mountain bikes | oofos shoes | brooks shoes | indestructible shoes | saLomon boots | lucchese boots | on cloud shoes | coach outlet | sperry shoes | keen shoes | asics shoes | dickies pants | on cloud sneakers | Munro Shoes | moon boots | fjallraven kanken | vans outlet | thursday boots | Bogg Bags | brahmin handbags | converse shoes | on cloud shoes | Blowfish Shoes | Venus Clothing | thorogood boots | Venus Swimwear | Red Wing Boots | birdies shoes | keds shoes | kizik shoes | teva sandals | bzees shoes | born shoes | steve madden | allbirds shoes | guess canada | Sorel Boots | reef sandals | boc shoes | coach outlet online | Clarks Shoes Canada | boots online shopping | boots online shopping | dooney and bourke | dickies pants | Lifestride Shoes | PF Flyers Shoes | reebok sneakers | consuela bags | rick owens shoes | wrangler jeans | caterpillar shoes | Off White Shoes | Bali Bras | Vamos Schuhe Damen | Bombas Socks | Compression Socks | bzees shoes | born shoes | bionica shoes | on schuhe damen | marc jacobs handbags | rieker boots | bates boots | tory burch outlet | Clarks Shoes Canada | Chico's Clothing | hoka shoes | kelly and katie | brahmin handbags | brahmin outlet | Gabor Schuhe | frye boots | vasque boots | mint velvet uk | mango outlet | sorel boots | cody james boots |