Posts tagged with "fashion"

Totem Fashion × BESFXXK

Totem is pleased to announce its collaboration with the talented label BESFXXK.

About BESFXXK

BESFXXK is a play on words ”bespoke + fucked up”, and is pronounceable as /bi’s fak/.

Founded in 2017 by Jae Hyuk Lim and Bona Kim, BESFXXK is an experimental fashion house that takes a surgical approach to design and product development.

Lim and Kim’s technique involves combining items with diverse backgrounds and histories. The outcome is always both innovative and wearable.

BESFXXK set out to reinterpret symbols from both streetwear and luxury fashion. The brand reexamines the definitions of both current and past trends. 

Designers Jae Hyuk Lim & Bona Kim studied at the prestigious Royal College of Arts In London and the London College of Fashion respectively, before launching BESFXXK in 2017.

Their collection is now stocked in more than 40 stores in over 15 countries worldwide.

About Totem Fashion Paris

Totem is a communications agency that promotes both French and international fashion labels. Totem has discovered and launched designers and institutional brands for over 10 years. Their clients include designer labels Raf Simons, Jeremy Scott, and more, as well as institutional brands like Diesel, Mustang Jeans, and l’Atelier Renault.

BESFXXK, totem fashion, runwayBESFXXK, SS20, Totem Fashion, Runway

BESFXXK SS20
Lute, rapper, 360 MAGAZINE, 12am collective, interscope records

LUTE × MINI-SERIES

DREAMVILLE’S LUTE RELEASES NEW MINI-SERIES, “GOLD MOUF CHRONICLES”
 
In the ever-creative Dreamville fashion, rapper Lute (Dreamville/Interscope Records) has announced the release of his very own mini-series, “Gold Mouf Chronicles,” to aid in the promotion of his latest single “GED (Gettin Every Dolla).” The eight-episode online series, directed and edited by Alexander Hall, features the artist’s alter ego, Gold Mouf as he partakes in a host of activities and pranks. Just shy of five minutes, the first episode, “The Joy of Painting with Gold Mouf” is styled after a classic PBS program hosted by the late Bob Ross (The Joy of Painting).

The episode opens with a mild-mannered Lute who quickly transitions into the charismatic, though slightly foul-mouthed, Gold Mouf, who walks viewers through the painting of a Keith Haring-inspired spaceship. Both intriguing and informative, viewers will appreciate the rapper’s intellect and ability to seamlessly slip between his two personas. You can watch the first episode HERE.

The online series serves as the second wave of promotion for the recently released “GED (Gettin Every Dolla),” which serves as the opening theme song. The single was first teased through a barrage of cryptic commercials which appeared heavily on social media early this year. The accompanying Neal Farmer-directed video has racked up over 1MM views on YouTube. Lute continues to generate buzz for his undeniable skills as an emcee, as well as his incredible fashion sense. He can be heard on the Grammy-nominated RIAA certified Gold compilation album Revenge of the Dreamers III; receiving significant praise for his work on the track, “Under the Sun.” The certified Gold collaboration features the Charlotte-born, Lute, and fellow North Carolinians: superstar and label head, J-Cole, and popular rising artist, DaBaby. With regards to fashion, Lute has been featured on Vogue and Refinery29’s “Best Dressed Men” compilations. Most recently, Lute shined when he performed a halftime set during a Hornets vs. Rockets showdown at the Spectrum Center in Charlotte, North Carolina. As part of the event, Dreamville gifted 7,500 fans with limited edition apparel.

For more information visit gettineverydolla.com.

Lute’s “Gold Mouf Chronicles” Mini-Series

Video: https://youtu.be/i1Gu3xGTsVk

Lute’s “GED (Gettin Every Dolla)” eSingle

Retail: https://smarturl.it/LuteGED

Video: https://smarturl.it/LuteGEDVideo

 

*Photo credit: 12am Collective

La Galeria Elefante

For 2020 sustainable fashion followers will be excited to hear that La Galeria Elefante’s sought-after designs have just been launched online.   

The collection is available to shop now, and includes the sought-after swishy printed cotton and silk midi-dresses that Ibiza-based Victoria Durrer-Gasse is famous for. Vogue Fashion Director Venetia Scott always pops into La Galeria when she’s in Ibiza, and Jasmine Hemsley and Sadie Frost were spotted in one of Victoria’s dresses recently.

Inspired by the carefree essence of Ibiza and the colours of India the dress collection online includes the gorgeous ‘Lyrical’ dress – a floor length backless dress with long sleeves. The six tiered skirt and full open back give it a bohemian look and it can be dressed up with cowboy boots or down with a simple pair of sandals. It has a matching sash that can be worn as a belt or around the neck like a scarf and the long sleeves are ruffled at the hems. Available in yellow with yellow stars, with short sleeves and is one size only. Fits a UK size 8 to 12.

Also online is the ‘Jody’ dress which comes in five beautiful prints and is a cotton maxi/midi dress. It has gathering detail at the skirt for a tiered effect, adding a light bounce and volume. Looks beautiful loose but can be worn belted too. Each dress is created using a beautiful hand block print. One size only, fits UK size 8 to 16.

Or choose the ‘Kimono’ dress in silk with a tie at the back, three-quarter length sleeves and a V neck with silk buttons.

Later this year new styles will be arriving including the ‘Susie’ a beautiful vintage-inspired pleated dress printed with teal/pink, lilac/blue or mint green botanical hand-blocked prints. Or try out a new gypsy blouse in delicate cotton with a thin scalloped edge, or check out the long-sleeved cotton onesie with contrasting red stitching on navy.

Handmade jewellery by Victoria this season includes dainty multi-coloured semi-precious stone necklaces that you can layer up, gypsy three vertical hoop earrings or teensy gold plated charms, (from 30 Euros) that include mini-pomegranates, elephants, stars, cacti and seahorses as collectable pieces to add to a chunky chain bracelet.

La Elefante’s philosophy is underpinned with the important message of giving back.  Many of the pieces in-store involve NGOs (such as Key To Freedom in Calcutta and SEWA in Delhi) and charities and artisans across the globe in far off places such as Madagascar and Nepal. All items are made supporting, encouraging & empowering women, as well as sustaining disappearing craftsmanship.

360 MAGAZINE, music, illustration, Sara Sandman

The Different Fashion Styles Across Music Genres

For a lot of people, music and fashion are inseparable. Look at recording artists across genres, and you’ll see the importance of fashion into their craft and how they want their fans to see them. Fashion creates a distinctive style, and it’s one way for music artists and fans to channel their creativity and self-expression. 

For every music genre, there’s a fashion style that’s unique to it. When you talk about Hip-Hop, there’s the loose clothing and bling-bling. In country music, you’ll often see the classic cowboy hat and denim jacket. Although some things have changed in music over the years, this fusion of fashion and music is still there. 

So, if you want to dress according to your favorite music genre and know the different outfits inspired by your favorite music artists, read this article. 

Pop Music

Pop music has a peppy and youthful vibe to it. It’s characterized by lively beats and lyrics about life and love in general. This high-spirited and happy-go-lucky aspect of popular music is also translated into the fashion style of pop artists and their fans. 

Outfits of pop stars are sure to stand out among the crowd. Bold accessories, flashy clothing, high-waisted shorts, colorful hairstyles, you name it. It’s something that’s out of the ordinary. Since pop music icons are a staple in television and social media, it’s no surprise that their distinctive style creates waves in the fashion industry. 

Electronic Dance Music

Electronic Dance Music (EDM) was introduced on the music scene in the late 1980s. It’s the favorite music to play in nightclubs, with the help of a DJ tinkering on a turntable and a mixer. Like popular music, there’s also a youthful aspect to EDM. After all, EDM music is for dancing and partying. 

Although there are no hard and fast rules when it comes to EDM fashion, what’s certain is that it’s about making a bold statement. EDM fashion is so colorful and graphic, and it incorporates wild patterns, unique materials and funky colors. 

For instance, you can often see neon-colored sneakers and edgy clothing worn by people who love EDM music. 

R&B

Rhythm and Blues, or popularly known as R&B, often step in to the territory of popular music. But this music genre is closely linked to Soul and Blues, and, later, some aspects of Hip-Hop are also incorporated into R&B tracks. 

When it comes to its fashion, there’s a dash of class and sophistication to R&B. You often see Justin Timberlake and Usher wearing suits and ties in their music videos. For female artists, the trend is wearing high-waisted jeans and crop tops, which exude a combination of class and sexiness. 

Fashion accessories often include dress shoes, gold and silver jewelry, and luxury watches such as Nomos and Rolex. 

Rock

For sure, you know rock music. It’s one of the ageless music genres of all time, and it’s still popular today. Rock music is also a fashion-oriented genre. It has inspired the classic rebel look that often includes ripped jeans, leather shoes, leather jackets, band t-shirts and edgy accessories. 

Country and Folk Music

Country and folk music is known for using acoustic guitar, harmonica, banjos, violin, among other instruments. Country and folk singers also have a distinctive Southern accent in their singing voice, and their lyrics talk about life and romance. 

Artists in this music genre dress themselves up in Western-style wear, such as cowboy hats, boots, denim jeans, denim jackets and sundresses. Fashion accessories often include bandana, tassel necklace, bracelets, crossbody bag, among others. 

Hip-Hop

Hip-Hop music is arguably the most popular music genre today. It started in the 1970s in New York, and today almost all of the top songs in music charts are Hip-Hop tracks. 

This music genre has also made a huge contribution to the fashion industry. Hip-Hop fashion, also sometimes called big fashion, is characterized by baggy pants, big jewelry, baseball caps, hoodies and sneakers. 

But, right now, Hip-Hop artists are more fluid when it comes to what they wear. Tight jeans and designer clothing are now also worn by rappers and Hip-Hop artists. 

Reggae 

Reggae music traces its origin in Jamaica. It’s typically played in 4/4 time signature, with prominent bass lines, and off-beat rhythmic style. 

Aside from the incredible sound of Reggae, it’s also famous for popularizing one of the most laid-back fashion styles that we see today. Reggae fashion features beachwear and colorful accessories, such as bracelets, necklaces, sandals, and beanies (often with the colors of the flag of Jamaica). 

Takeaway

Every music genre has a unique fashion style. After all, music and fashion go hand-in-hand when it comes to promoting creativity and self-expression. If you want to dress according to your favorite music genre, take note of the fashion outfits and accessories mentioned in this article. 

Claude Lévi-Strauss, Emmanuelle Loyer, 360 MAGAZINE

Claude Lévi-Strauss

Academic, writer, figure of melancholy, aesthete – Claude Lévi-Strauss (1908-2009) not only transformed his academic discipline, he also profoundly changed the way that we view ourselves and the world around us.

In this award-winning biography, historian Emmanuelle Loyer recounts Lévi-Strauss’s childhood in an assimilated Jewish household, his promising student years as well as his first forays into political and intellectual movements. As a young professor in 1935 Lévi-Strauss left Paris for São Paulo to teach sociology. His rugged expeditions into the Brazilian hinterland, where he discovered the Amerindian Other, made him into ananthropologist. The racial laws of the Vichy regime would force him to leave France yetagain — this time for the US in 1941, where he became Professor Claude L. Strauss, toavoid confusion with the jeans manufacturer.

His return to France, after the war, ushered in the period during which he produced his greatest works: several decades of intense labour in which Lévi-Strauss reinvented anthropology, establishing it as a discipline that offered a new view on the world. In 1955, Tristes Tropiques offered indisputable proof of this the world over. During those years, Lévi-Strauss became something of a national monument, a celebrity intellectual in France. But he always claimed his perspective was a “view from afar,” enabling him to deliver incisive and subversive diagnoses of our waning modernity.

Loyer’s outstanding biography tells the story of a true intellectual adventurer whose unforgettable voice invites us to rethink questions of the human and the meaning of progress. Lévi-Strauss was less of a modern than he was our own great and disquieted contemporary.



The Author: 

Emmanuelle Loyer
 is Professor of Contemporary History at Sciences-Po, Paris. Her biography of Lévi-Strauss was awarded the Prix Femina essai in 2015.

ALICE + OLIVIA TAPS LAKWENA FOR NEW COLLABORATION

Street Artist’s Signature Messages of Empowerment Come to Life with a Limited-Edition Capsule Collection; Proceeds Will Benefit LifeWay Network’s Mission to Stop Human Trafficking

Alice + Olivia by Stacey Bendet is pleased to announce that the brand has teamed up with London-based artist Lakwena to advance the artist’s bold messages of empowerment in celebration of International Women’s Day 2020 (March 8) and Women’s History Month.

Bendet and Lakwena, both champions of female ambition and empowerment in their own right, have partnered on a
limited-edition collaboration that brings Lakwena’s signature murals to life across a capsule collection of apparel.

As an avid art enthusiast, Bendet is constantly inspired by various artists, bringing their work to life through fashion with her biannual Art Collective series. Past collaborations within the Art Collection landscape include Keith Haring, Domingo Zapata, Jean-Michel Basquiat, and Donald Robertson.

The collection itself puts optimism at the forefront, Lakwena combats the pessimism of our contemporary social and political climate with empowering statements. “RAISE YOUR HOPES”, “LIFT YOU HIGHER”, “POWER” — these are just some of the artist’s large-scale mural works’ bold declarations that designer Bendet has transformed into wearable art with the Alice + Olivia by Stacey Bendet x Lakwena collection.

“I love the positivity and graphic beauty of Lakwena’s artwork,” said Bendet, “each of her works are visual symbols of strength and optimism!”

Combining vivid colours and decorative patterns, Lakwena creates artworks that draw on both her background in graphic design and her own personal history. From London’s Southbank and Shoreditch to Fort Smith Juvenile Detention Centre in Arkansas, America, these messages of hope and affirmation radiate across their urban environments.

“I’ve loved seeing my paintings come to life in a different form through this collaboration with Alice + Olivia,” said Lakwena, “I’m really happy that we’re also able to use this as an opportunity to stand in solidarity with survivors of human trafficking.”

Alice + Olivia by Stacey Bendet is donating 10% of sales to LifeWay Network, an organization fighting to end human trafficking by raising consciousness and providing safe housing and mentorship to survivors.

“Human trafficking is a modern-day epidemic that many do not even realize exists today,” said Nicky HiltonRothschild, “I am so grateful that Alice + Olivia has collaborated with Lawkwena to bring awareness to this global issue. Educating the public is one of the most important things we can continue to do to prevent human trafficking.”

According to the UN, Human trafficking effects every country in the world, but it’s not talked about it enough; Bendet has joined her friend Nicky Hilton-Rothschild in supporting the efforts of LifeWay Network – an organization for which Hilton-Rothschild is an avid supporter. Together, with Lakwena, the trio hope to Stop Human Trafficking this Women’s Month.

The Alice + Olivia by Stacey Bendet x Lakwena capsule collection includes a selection of the artist’s affirmations printed on a ball gown skirt, reversible kimono, and a range of empowering tees. The collection, which is available via the brand’s website, as well as select retailers, retails between $225 for a tee to $595 for a maxi skirt. To launch the collection Bendet, Lakwena, and Hilton co-hosted a Female Empowerment Dinner, dubbed F.E.D. in New York, where they were joined by guests including Chelsea Clinton, at what marked the second dinner in the F.E.D. series launched by Bendet in January 2020. The limited-edition collection is now available at the brand’s retail locations, department and specialty store accounts, and e-commerce.

ABOUT ALICE + OLIVIA BY STACEY BENDET
Launched in 2002, alice + olivia by Stacey Bendet is a brand that allows women to express their personal style. With clothing that juxtaposes the whimsical and flirty with the sexy and sophisticated, a+o epitomizes the personality and perspective of its founder, Stacey Bendet. The brand was born from Stacey’s personal quest to create the perfect pair of pants, and has since grown into a full lifestyle collection including ready-to-wear, gowns, shoes, handbags and accessories. The brand is a Hollywood favorite with celebrity fans including Meghan Markle, Michelle Obama, Beyoncé, Gwyneth Paltrow, Gigi Hadid and Jessica Alba.

alice + olivia by Stacey Bendet is available at the brand’s free-standing boutiques located in New York, Los Angeles, Atlanta, Boston, Chicago, Dallas, East Hampton, Greenwich, Houston, Malibu, Manhasset, Miami, Orange County, Palm Beach, San Francisco, Southampton, Washington D.C., Hong Kong, Tokyo, Kuwait, Dubai, Singapore, Shanghai, Taipei, Macau, Chengdu, Bangkok, and at aliceandolivia.com. alice + olivia is also available at over 800 select department and specialty stores worldwide, including Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Net-a Porter, Lane Crawford, Isetan, Hankyu, Harvey Nichols, Harrods, and Galeries Lafayette.

aliceandolivia.com
instagram.com/aliceandolivia

ABOUT LAKWENA
Lakwena’s iconic, kaleidoscopic work is informed by the use of decoration as a means of communication.
As a form of expression within a political world, Lakwena explores how the use of adornment in worship and mythmaking translates into contemporary popular culture. Central to her practice are words, used as both images and
anchors of meaning, borrowing from the techniques and conventions of traditional sign-writing and contemporary
graphic design. With an aesthetic that references her childhood spent between East Africa and London, Lakwena
creates epic outdoor murals carrying bold messages of hope in urban landscapes.

www.lakwena.com
instagram.com/lakwena

ABOUT LIFEWAY NETWORK
LifeWay Network envisions a world in which human trafficking is abolished and every survivor is strong, connected and free. LifeWay Network joins the global movement against human trafficking by providing safe housing for women who have been trafficked and offering education about trafficking to the general public. LifeWay Network confronts the reality of human trafficking every day by changing the future for women survivors through its Safe Housing Program and increasing awareness and engagement through its Education Program. Since its founding in 2007, LifeWay Network has emphasized the power of collaboration in creating the slavery-free future we all envision. LifeWay believes in bringing people together to form community and address a global issue with significant local impact. Human trafficking occurs around us. It affects people in our neighborhoods. We must join together to end slavery today and empower survivors to reclaim a life of freedom.
lifewaynetwork.org

Alice + Olivia, Stacey Bendet, Lakwena, Vaughn Lowery, Sam Berman, 360 Magazine, Alice + Olivia, Stacey Bendet, Lakwena, Vaughn Lowery, 360 Magazine,

Playboy X MISSGUIDED Latest Launch

‘PLAYBOY X MISSGUIDED’ FASHION COLLABORATION CONTINUES TO DOMINATE WITH LATEST LAUNCH

The successful collaboration celebrates MISSGUIDED’s most successful capsule collection to date

Today, MISSGUIDED announced the latest installment in their ongoing collaboration with the iconic Playboy brand. This announcement comes on the heels of consecutive year-over-year sell-out success. MISSGUIDED, a forward-thinking international brand, proudly introduces a 76-piece collection entitled Playboy Reloaded. This will be the largest fashion collection the pair have put out to date.

PLAYBOY X MISSGUIDED’s Playboy Reloaded is inspired by the brands’ united mission to empower its wearers globally. Playboy Reloaded encourages fans of the collection to express themselves fearlessly and feel confident being their most unapologetic selves. Since the pairing’s initial launch in 2018, over half a million items have been sold. Three-quarters of these items were bought in the first seven days following each launch, totaling nearly 150,000 customers in 112 countries. With the consumer demand’s increase season after season, the range has expanded to include ready-to-wear, swimwear and accessories. Its overwhelming popularity has resulted in repeated restocks and surging sales.

“Our Missguided babe knows what she wants and our collaboration with Playboy delivers it,” said MISSGUIDED Founder and CEO Nitin Passi. “It’s a collaboration that has consistently resonated with our customers and gets stronger with every collection.”

The new Playboy Reloaded collection features best-sellers alongside brand new streetwear-inspired silhouettes created for the open-minded, authentic and rebellious individual. The campaign was shot in Los Angeles and lensed by Adam Rindy (photography) and Gary Long (video). Playboy Reloaded is modeled by sisters Loz and Gigi AKA Blessed. The duo was picked for the campaign for the undeniable confidence they exude wearing the latest drop.

PLAYBOY X MISSGUIDED’s latest, most substantial launch will feature the unmistakable Rabbit Head and Playboy insignia, playfully updated as neon spray paint prints featured on oversized hooded sweaters, corset tops, jogger sets, and t-shirt dresses. The range is easily styled and effortlessly wearable. Tie-dye, hi-vis details and graffiti-style motifs showcase an exciting new approach, which elevates the unique and aspirational collection designed for the next generation of fearless individuals. Own PLAYBOY X MISSGUIDED’S Playboy Reloaded collection now at www.missguided.com. Available in sizes 0-18 and retailing from $20.00 – $68.00.

About MISSGUIDED:
Missguided is one of the fastest-growing women’s online retailers in the world. Founded in 2009 in the UK by Nitin Passi, it has become a leading rapid fashion retailer, taking an agile approach that sees it deliver commercial and affordable products to its customers before trends hit. It’s signature confident style and broad product range has driven global development in recent years, now selling to over 160 countries and locally active in the US, Australia, France, Spain, Ireland, and Germany, with future plans for further international expansion and a loyal following of over 6 million social media fans worldwide across multiple platforms. Missguided have further developed their global profile and growth through numerous wholesale opportunities with established brands such as F21, ASOS, Zalando, The Iconic, Nelly, and Namshi and flagship stores at Bluewater, Kent and at Dubai Mall, Dubai.

ABOUT PLAYBOY ENTERPRISES INC
Playboy, originally founded in 1953 as a smart, sophisticated and playful men’s magazine, today reaches a wide global audience through a diverse portfolio of consumer products, content, gaming, and hospitality offerings. With 97% unaided global brand recognition and nearly 50 million social media fans worldwide, Playboy remains one of the most iconic brands in history. Under its mission of Pleasure for All, the 66-year-old Playboy brand drives more than $3 billion in annual sales at retail across 180 countries.

Follow along on social:
@missguided @playboy

Playboy, Missguided, athleisure, Vaughn Lowery, 360 Magazine,Playboy, Missguided, Athleisure, Vaughn Lowery, 360 Magazine, Playboy, Missguided, Athleisure, Vaughn Lowery, 360 Magazine,

Steve Madden x Financial Results

Steve Madden Announces Fourth Quarter and Full Year 2019 Results 

Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, today announced financial results for the fourth quarter and full-year ended December 31, 2019, and provided initial fiscal year 2020 revenue and EPS guidance.

Amounts referred to as “Adjusted” exclude the items that are described under the heading “Non-GAAP Adjustments.” The Company reclassed commission and licensing fee income to Total Revenue and reclassed its respective expenses into Operating Expenses from previously labeled Commission and Licensing Fee Income – Net on the Company’s Consolidated Statement of Operations for each period provided. For the Fourth Quarter 2019: Revenue increased 0.7% to $419.6 million compared to $416.8 million in the same period of 2018.

Gross margin was 37.7% compared to 38.1% in the same period last year. Adjusted gross margin was 37.8% in 2019.

Operating expenses as a percentage of revenue were 33.1% compared to 32.1% in the same period of 2018. Adjusted operating expenses as a percentage of revenue were 30.0% compared to 29.0% in the same period of 2018.

Income from operations totaled $19.5 million, or 4.6% of revenue, compared to $25.0 million, or 6.0% of revenue, in the same period of 2018. Adjusted income from operations was $33.0 million, or 7.9% of revenue, compared to Adjusted income from operations of $37.9 million, or 9.1% of revenue, in the same period of 2018.

Net income attributable to Steven Madden, Ltd. was $17.8 million, or $0.21 per diluted share, compared to $12.5 million, or $0.15 per diluted share, in the prior year’s fourth quarter. Adjusted net income attributable to Steven Madden, Ltd. was $32.2 million, or $0.39 per diluted share, compared to $35.7 million, or $0.42 per diluted share, in the prior year’s fourth quarter.

Edward Rosenfeld, Chairman and Chief Executive Officer, commented, “We are pleased to have achieved Adjusted diluted EPS at the high end of our guidance range for the fourth quarter and full year 2019. Fiscal year 2019 was a strong year for the Company, with revenue and Adjusted diluted EPS increasing mid-single digits on a percentage basis compared to the prior year despite significant headwinds from the bankruptcy of Payless ShoeSource and the tariffs implemented on accessories, footwear and apparel from China.

“Looking ahead, while we are cautious on the near-term outlook due to additional headwinds from the coronavirus outbreak, China tariffs and the termination of the Kate Spade footwear license, we are confident that the strength of our brands and our business model will enable us to drive earnings growth and shareholder value creation over the long term.”

Fourth Quarter 2019 Segment Results
Revenue for the wholesale business decreased 1.1% to $313.8 million in the fourth quarter of 2019 due primarily to a decrease in wholesale accessories/apparel revenue. Wholesale footwear revenue declined 0.2% with a decline in the branded business offset by a gain in private label. Wholesale accessories/apparel revenue decreased 3.6% driven by declines in private label handbags and cold weather accessories, partially offset by the addition of the BB Dakota apparel business. Gross margin in the wholesale business decreased to 29.2% compared to 30.1% in last year’s fourth quarter driven by tariffs on goods imported from China.

Retail revenue in the fourth quarter rose 8.7% to $101.1 million compared to $93.0 million in the fourth quarter of the prior year. Same store sales increased 6.7% in the quarter driven by strong performance in the Company’s e-commerce business. Retail gross margin was 61.2% in the fourth quarter of 2019 compared to 61.0% in last year’s fourth quarter. Adjusted gross margin in the retail segment increased to 61.6% in the fourth quarter of 2019 compared to 61.0% in the fourth quarter of the prior year due to a reduction in promotional activity.

The Company ended the quarter with 227 company-operated retail locations, including eight Internet stores, as well as 31 company-operated concessions in international markets.

The Company’s effective tax rate for the fourth quarter of 2019 was 15.9% compared to 52.7% in the fourth quarter of 2018. On an Adjusted basis, the effective tax rate was 6.3% compared to 9.2% in the fourth quarter of the prior year due to the impact of the year-over-year benefit resulting from the exercising and vesting of share-based awards.

Full Year Ended December 31, 2019

For the full year ended December 31, 2019, revenue increased 6.5% to $1.8 billion from $1.7 billion in the prior year.

Net income attributable to Steven Madden, Ltd. was $141.3 million, or $1.69 per diluted share, for the year ended December 31, 2019 compared to net income of $129.1 million, or $1.50 per diluted share, for the year ended December 31, 2018. On an Adjusted basis, net income attributable to Steven Madden, Ltd. was $162.8 million, or $1.95 per diluted share, for the year ended December 31, 2019 compared to net income of $157.7 million, or $1.83 per diluted share, for the year ended December 31, 2018.

Balance Sheet and Cash Flow
During the fourth quarter of 2019, the Company repurchased 589,809 shares of the Company’s common stock for approximately $25.3 million, which includes shares acquired through the net settlement of employee stock awards. For the full year ended December 31, 2019, the Company repurchased 3.0 million shares of the Company’s common stock for approximately $101.8 million, which includes shares acquired through the net settlement of employee stock awards.

As of December 31, 2019, cash, cash equivalents and current marketable securities totaled $304.6 million.

Quarterly Dividend
The Company’s Board of Directors approved a quarterly cash dividend of $0.15 per share. The dividend will be paid on March 27, 2020, to stockholders of record at the close of business on March 17, 2020.

Fiscal Year 2020 Outlook

For fiscal year 2020, the Company expects revenue will increase 0% to 1% over revenue in 2019. The Company expects diluted EPS for fiscal year 2020 will be in the range of $1.70 to $1.80. Compared to the prior year, the diluted EPS range reflects an adverse impact of approximately $0.35 from the combined impact of the coronavirus, tariffs on goods from China, the termination of the Kate Spade footwear license and a higher anticipated tax rate.

Non-GAAP Adjustments

Amounts referred to as “Adjusted” exclude the items below.

For the fourth quarter 2019:

$8.9 million pre-tax ($8.9 million after-tax) vendor support associated with the Payless ShoeSource bankruptcy, included in operating expenses.

$4.0 million pre-tax ($3.0 million after-tax) expense in connection with a provision for a legal settlement and related fees, included in operating expenses.

$0.4 million pre-tax ($0.3 million after-tax) expense in connection with the termination of a joint venture, included in cost of goods sold; $0.2 million pre-tax ($0.1 million after-tax) expense in connection with the termination of a joint venture, included in operating expenses; and $0.2 million after-tax income in connection with the termination of a joint venture, included in net loss attributable to noncontrolling interest.

$0.04 million pre-tax ($0.03 million after-tax) expense in connection with the acquisitions of GREATS and BB Dakota, included in operating expenses.

$2.2 million tax expense in connection with deferred tax and other tax adjustments.

For the fourth quarter 2018:

$12.1 million pre-tax ($11.5 million after-tax) in bad debt expense and write-off of an unamortized buying agency agreement support payment associated with the Payless ShoeSource bankruptcy, included in operating expenses.

$0.5 million pre-tax ($0.3 million after-tax) expense in connection with a provision for early lease termination charges, included in operating expenses.

$0.3 million pre-tax ($0.2 million after-tax) expense in connection with the integration of the Schwartz & Benjamin acquisition and the related restructuring, included in operating expenses.

$11.1 million tax expense resulting from the Tax Cuts and Jobs Act transition tax and prepaid tax adjustments related to prior years.

For the fiscal year 2019:

$8.7 million pre-tax ($8.6 million after-tax) vendor support, net of recovery of bad debt expense associated with the Payless ShoeSource bankruptcy, included in operating expenses.

$5.4 million pre-tax ($4.1 million after-tax) expense in connection with early lease termination charges and the impairment of lease right-of-use assets.

$4.1 million pre-tax ($3.0 million after-tax) non-cash expense associated with the impairment of the Brian Atwood trademark.

$4.0 million pre-tax ($3.0 million after-tax) expense in connection with provision for a legal settlement and related fees, included in operating expenses.

$1.9 million pre-tax ($1.4 million after-tax) net benefit associated with the change in a contingent liability and the acceleration of amortization related to the termination of the Kate Spade license agreement as of December 31, 2019.

$1.1 million pre-tax ($0.8 million after-tax) expense in connection with the acquisitions of GREATS and BB Dakota, included in operating expenses.

$0.7 million pre-tax ($0.5 million after-tax) expense in connection with a divisional headquarters relocation.

$0.4 million pre-tax ($0.3 million after-tax) expense in connection with the termination of a joint venture, included in cost of goods sold; $0.2 million pre-tax ($0.1 million after-tax) expense in connection with the termination of a joint venture, included in operating expenses; and $0.2 million after-tax income in connection with the termination of a joint venture, included in net income attributable to noncontrolling interest.

$2.6 million tax expense in connection with deferred tax and other tax adjustments.

For the fiscal year 2018:

$12.1 million pre-tax ($11.5 million after-tax) in bad debt expense and write-off of an unamortized buying agency agreement support payment associated with the Payless ShoeSource bankruptcy, included in operating expenses.

$2.8 million pre-tax ($2.1 million after-tax) expense in connection with a provision for a settlement, included in operating expenses.

$2.1 million pre-tax ($1.5 million after-tax) expense in connection with the integration of the Schwartz & Benjamin acquisition and the related restructuring, included in operating expenses.

$1.2 million pre-tax ($0.9 million after-tax) expense in connection with a warehouse consolidation, included in operating expenses.

$1.0 million tax expense in connection with the impairment of the preferred interest investment in Brian Atwood Italia Holding, LLC recorded in fourth quarter 2017.

$0.5 million pre-tax ($0.3 million after-tax) expense in connection with a provision for early lease termination charges, included in operating expenses.

$11.1 million tax expense resulting from the Tax Cuts and Jobs Act transition tax and prepaid tax adjustments related to prior years.

Reconciliations of amounts on a GAAP basis to Adjusted amounts are presented in the Non-GAAP Reconciliation tables at the end of this release and identify and quantify all excluded items.

Conference Call Information

Interested stockholders are invited to listen to the fourth quarter and fiscal year 2019 earnings conference call scheduled for today, February 27, 2020 at 8:30 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed by logging onto http://stevemadden.gcs-web.com. An online archive of the broadcast will be available within two hours of the conclusion of the call and will be accessible for a period of 30 days following the call.

About Steve Madden

Steve Madden designs, sources and markets fashion-forward footwear, accessories and apparel for women, men and children. In addition to marketing products under its own brands including Steve Madden®, Dolce Vita®, Betsey Johnson®, Blondo®, Report®, Brian Atwood®, Cejon®, GREATS®, BB Dakota®, Mad Love® and Big Buddha®, Steve Madden is a licensee of various brands, including Anne Klein®, Superga® and DKNY®. Steve Madden also designs and sources products under private label brand names for various retailers. Steve Madden’s wholesale distribution includes department stores, specialty stores, luxury retailers, national chains and mass merchants. Steve Madden also operates 227 retail stores (including eight Internet stores). Steve Madden licenses certain of its brands to third parties for the marketing and sale of certain products, including ready-to-wear, outerwear, eyewear, hosiery, jewelry, fragrance, luggage and bedding and bath products. For local store information and the latest Steve Madden booties, pumps, men’s and women’s boots, fashion sneakers, dress shoes, sandals and more, visit http://www.stevemadden.com.

Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include, among others, statements regarding revenue and earnings guidance, plans, strategies, objectives, expectations and intentions. Forward-looking statements can be identified by words such as: “may”, “will”, “expect”, “believe”, “should”, “anticipate”, “project”, “predict”, “plan”, “intend”, or “estimate”, and similar expressions or the negative of these expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they represent the Company’s current beliefs, expectations and assumptions regarding anticipated events and trends affecting its business and industry based on information available as of the time such statements are made. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which may be outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in these forward-looking statements. As such, investors should not rely upon them. Important risk factors include:

  • the Company’s ability to accurately anticipate fashion trends and promptly respond to consumer demand
  • the Company’s ability to compete effectively in a highly competitive market
  • the Company’s ability to adapt it business model to rapid changes in the retail industry
  • the Company’s dependence on the retention and hiring of key personnel
  • the Company’s ability to successfully implement growth strategies and integrate acquired businesses
  • the Company’s reliance on independent manufacturers to produce and deliver products in a timely manner, especially when faced with adversities such as work stoppages, transportation delays, public health emergencies, social unrest, changes in local economic conditions, and political upheavals as well as meet the Company’s quality standards
  • changes in trade policies and tariffs imposed by the United States government and the governments of other nations in which the Company manufactures and sells products
  • disruptions to product delivery systems and the Company’s ability toproperly manage inventory
  • the Company’s ability to adequately protect its trademarks and other intellectual property rights; legal, regulatory, political and economic risks that may affect the Company’s sales in international markets
  • changes in U.S. and foreign tax laws that could have an adverse effect on the Company’s financial results; additional tax liabilities resulting from audits by various taxing authorities
  • the Company’s ability to achieve operating results that are consistent with prior financial guidance
  • other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

The Company does not undertake any obligation to publicly update any forward-looking statement, including, without limitation, any guidance regarding revenue or earnings, whether as a result of new information, future developments or otherwise.

STEVEN MADDEN, LTD. AND SUBSIDIARIES

Operations Data, Balance Sheet Data, Cash Flow Data, and Non-GAAP Reconciliation can be viewed HERE.

360 MAGAZINE, solo new york

SOLO NYC

Stylish Sustainability: Solo New York Launches Re:cycled Collection

Leader in Stylish Everyday Bags Spins Recycled Plastic Bottles into Sleek New Collection; Partners with National Forest Foundation to Replant Forests

Solo New York, a leading, urban-inspired designer of backpacks, totes, duffels, briefs, and sleeves, announced the launch of the exciting new Re:cycled Collection of bags, which debuted at CES 2020.

Each bag in the new Re:cycled Collection repurposes plastic from three to eight plastic bottles, depending on bag size. With the first Re:cycled Collection product run alone, nearly 90,000 plastic bottles will be recycled, keeping them from ending up in landfills.

Taking the initiative a step further, Solo has partnered with the National Forest Foundation to help restore U.S. forests. With every bag sold from the Re:cycled Collection, Solo is planting a tree to help regrow U.S. National forests. The company has also added a pledge page to its website, and an additional tree will be planted for anyone who takes the Solo Green Pledge.

“With the new Re:cycled Collection, we set out to make stylish bags that also do good for the environment. And our designers really sweated the details to make this collection accessible to anyone and everyone who wants to make a difference,” said Serkan Anders, Vice President of Marketing, Solo New York. “To go even further, we’ve since revamped all of our packaging and hang tags which are now also made from recycled materials, and our hang tags are biodegradable. We had to figure out which finishes are biodegradable, and train our suppliers to source those finishes as well as the recycled plastic. It was a challenging yet very rewarding process, and many of our learnings will carry over to other Solo New York products.”

 Solo’s Re:cycled Collection will soon be available at major North American retailers and online, further demonstrating that retail partners and consumers are looking for stylish products made with care for the environment. The Re:cycled Collection launches with the Re:vive Mini Backpack (MSRP $24.99), the Re:store Tote (MSRP $54.99) and the Re:move Duffel (MSRP $64.99), and the collection will be expanded with new bags in the Spring of 2020. The full Re:cycled Collection will be on display at CES 2020, including bags not yet in production.

Learn more about Solo New York’s new Re:cycled Collection: https://solo-ny.com/pages/recycled-collection

Solo New York’s headquarters building is 100% solar powered, the company has a strict policy of no single-use plastic bottles, and all Solo New York products are shipped in recycled corrugated cardboard boxes.

“Sustainability and our net green impact are part of our brand DNA, and we’re dedicated to moving forward and adding new, more environmentally friendly programs and initiatives every year,” added Anders.