Showing posts with label Footwear. Show all posts
Showing posts with label Footwear. Show all posts

Thursday, December 19, 2019

Nike earnings jump as strong pricing offsets tariff hit


NEW YORK -- Nike reported a jump in quarterly earnings on Thursday as strong pricing and increased direct sales helped offset a hit from US trade tariffs.

The sports apparel giant notched a 31.6 percent increase in fiscal second-quarter profits to $1.1 billion.

Revenues surged 10.2 percent to $10.3 billion behind double-digit increases in Greater China and other regions outside its home market. North American sales rose about five percent.

Gross profit margins rose due to higher pricing in the Converse brand and in direct sales to customers following heavy investment in smartphone applications and other technologies.

Those gains were offset somewhat by higher costs following US tariffs on Chinese imports on some footwear and apparel that took effect during the quarter.

President Donald Trump last week called off an additional round of tariffs on Chinese goods that had threatened additional Nike products.

Chief Financial Officer Andy Campion said the results reflected the success of "strategic and targeted investment in our digital transformation."

The sports giant announced in October that Mark Parker would step down as chief executive in January and be replaced by former eBay chief executive John Donahoe. Parker will stay on as executive chairman.

Shares of Nike slipped 0.6 percent in after-hours trading to $100.53.

Agence France-Presse

Wednesday, November 6, 2019

Adidas has eyes on 2019 finish line after Q3 profit slip


FRANKFURT -- German sportswear maker Adidas said Wednesday it was confident of hitting full-year financial targets after a profit slip in the third quarter, buoyed by fast-rising sales.

In July-September, Adidas' bottom line fell back 1.8 percent year-on-year, to 646 million euros ($715 million), slightly beating forecasts from analysts surveyed by Factset.

But revenues surged 9.1 percent to 6.4 billion euros.

Double-digit growth in China and North America was Adidas' biggest sales driver, while Europe inched up more tentatively.

Its flagship brand with the three stripes sold 6 percent more even in a year without mammoth sporting events, while struggling US subsidiary Reebok also lifted sales slightly.

Meanwhile growth in online sales slowed to 14 percent in the third quarter, compared with 76 percent a year before.

Despite the growth, operating, or underlying profit at Adidas also fell back, shedding 0.3 percent to reach 897 million euros.

The operating result was weighed down by advertising costs as the company looks to rev up sales in the second half of the year.

"We confirm our full-year outlook and remain confident about a significant top-line acceleration during the fourth quarter," chief executive Kasper Rorsted said in a statement.

The Bavarian group expects to make net profits between 1.88 and 1.95 billion euros this year, up between 10 and 14 percent on 2018's result.

source: news.abs-cbn.com

Monday, November 4, 2019

Nike announces collaboration with Korean superstar G-Dragon


Footwear giant Nike announced its latest collaboration with Korean superstar Kwon Ji-yong, more popularly known as G-Dragon.

The leader of the Korean group Big Bang posted a teaser of the collaboration on his personal Instagram page on November 1, just a few days after he was discharged from military service.

According to Nike, the Air Force 1 "Para-noise" has a "unique upper fabrication that features a black painted overlay designed to slowly wear away over time to reveal a personal artwork created by G-Dragon."

Photos posted by G-Dragon show a black Air Force 1 with a daisy embroidered on the tongue and G-Dragon's PEACEMINUSONE imprint.

Nike also said the artwork conveys G-Dragon's "vision of a world where the youth are unified through creativity and a free exchange of ideas."

The Nike Air Force 1 Para-noise will be released globally on November 23.

source: news.abs-cbn.com

Wednesday, October 23, 2019

Nike CEO Mark Parker to step down, John Donahoe to take over


Nike Inc's longtime chief executive officer, Mark Parker, will step down next year and be replaced by John Donahoe, the CEO of cloud computing firm ServiceNow Inc, the footwear and apparel maker said on Tuesday.

Parker had said last year he would remain CEO and chairman of the footwear maker beyond 2020, with his remarks coming at a time the company was hit by a series of executive departures and probes on workplace complaints.

Separately, ServiceNow said it appointed Bill McDermott as its CEO. McDermott helmed software maker SAP from 2014 until recently.

ServiceNow shares fell about 16 percent on the development.

Donahoe, who has been on Nike's board since 2014, will take over Jan. 13, while Parker will become executive chairman and continue to lead Nike's board.

source: news.abs-cbn.com

Wednesday, July 24, 2019

Over the moon: Nike sneakers sell for record $437,500


A new world record for a pair of sneakers was set at auction on Tuesday when an avid collector splashed out $437,500 on Nike's 1972 "Moon Shoe," Sotheby's said.

The sale smashed the previous record of $190,373 spent in 2017 on a pair of signed Converse worn by Michael Jordan in the 1984 Olympic basketball final, the New York-headquartered auction house said in a statement.

It was also well above the pre-sale estimate of $160,000, Sotheby's added.

Canadian collector Miles Nadal was the successful bidder in the online action, adding to the 99 pairs of other hard-to-find shoes that he bought in a private sale last week.

"I am thrilled to acquire the iconic Nike 'Moon Shoes,' one of the rarest pairs of sneakers ever produced, and a true historical artifact in sports history and pop culture," Nadal said.

Nike co-founder Bill Bowerman designed the flat racing "Moon Shoe," which was made for runners at the 1972 Olympic trials. 

Sotheby's said that just around 12 pairs were manufactured and that the set sold Tuesday was "one of only a handful of pairs known to exist".

"We are excited the iconic Nike Moon Shoe achieved more than double the previous world auction record for a sneaker today," said Sotheby's global e-commerce head Noah Wunsch.

The auction house joined up with streetwear marketplace Stadium Goods to sell 100 of the rarest sneakers ever made.

The 61-year-old Nadal spent $850,000 buying 99 of them privately on Wednesday with organizers holding back the 'Moon Shoe' for a public sale.

Nadal plans to display the footwear, which includes Nike sneakers based on those worn by Marty McFly in hit movie "Back to the Future II," at his private museum in Toronto.

source: news.abs-cbn.com

Friday, July 12, 2019

$160,000 Nike shoes star in first-of-its kind Sotheby's auction


NEW YORK -- Move over Monet. Nike is hot on your heels.

Sotheby's in New York announced on Thursday its first-ever auction dedicated to sneakers, underlining their fast-growing status as collectibles able to command tens of thousands of dollars.

Sotheby's is teaming up with streetwear marketplace Stadium Goods to auction 100 pairs of the rarest sneakers ever produced, including a sample of one of the first Nike Inc running shoes with a pre-sale high estimate of $160,000 (P8.2 million).

The Nike "Moon Shoe" is one of only 12 pairs created. It was designed by Nike co-founder and track coach Bill Bowerman for runners at the 1972 Olympics trials and the pair up for auction is handmade, Stadium Goods said.

Other sneakers include 2011 and 2016 versions of the "Back to the Future Part II" limited-edition shoes by Nike that were inspired by the 1989 film starring Michael J. Fox.

The 2016 version of the futuristic shoe, complete with self-lacing technology, is expected to sell for between $50,000 and $70,000.

"We’ve long talked about how sneakers are this generation’s luxury fashion, and being able to collaborate with a brand with the history and esteem of Sotheby’s is further proof of that," John McPheters, co-founder of New York-based Stadium Goods, said in a statement.

Other shoes in the online sale, beginning on Thursday and ending on July 23, include sought-after and limited-edition sneakers produced by Adidas, Air Jordan and rapper Kanye West's Yeezy collection.

Noah Wunsch, global head of eCommerce at Sotheby's, said the sneaker sale was bringing together "art, culture and fashion" and marked another step in the auction house's expansion of offerings of highly coveted luxury goods.

The shoes are on public exhibit at Sotheby's in New York through July 23.

The highest price fetched at public auction for sneakers is thought to be $190,373 in 2017 for a pair of signed Converse shoes said to have been worn by Michael Jordan in the 1984 Olympic basketball final. The shoes were auctioned through California sports memorabilia company SCP.

source: news.abs-cbn.com

Wednesday, May 22, 2019

Adidas, Nike, PUMA say new tariffs on China would be 'catastrophic'


WASHINGTON -- Adidas, Nike and PUMA on Tuesday urged US President Donald Trump to prevent the shoe industry from falling victim to the trade war with China, saying new tariffs could be "catastrophic."

In a letter to Trump, those big name manufacturers joined forces with more than 170 other American shoe manufacturers and retailers calling for footwear to be exempted from a new round of punitive tariffs on $300 billion in Chinese goods.

In the escalating trade war with Beijing, Trump this month increased existing tariffs on $200 billion in Chinese imports to 25 percent, and is threatening to extend those duties to nearly all Chinese products imported into the United States.

That would mean additional taxes on a range of consumer goods, including electronics and clothing, such as athletic shoes and iPhones, which has sparked fear in retailers and producers who rely on goods from China.

"The proposed additional tariff of 25 percent on footwear would be catastrophic for our consumers, our companies, and the American economy as a whole," the letter from the shoe coalition states. 

The firms said the industry already pays $3 billion in duties and that additional tariffs would increase costs and prices.

US CONSUMERS PAY THE PRICE

"There should be no misunderstanding that US consumers pay for tariffs on products that are imported," the companies said, refuting Trump's frequent erroneous statement that China pays the tariffs, creating a windfall for the US Treasury.

While Trump has called on industries to move away from China or produce their products in the United States, the shoe industry firms said they need "years of planning... to make sourcing decisions and companies cannot simply move factories to adjust to these changes."

The shoe industry -- including other names like Reebok, Ariat and Crocs, as well as retailers like Foot Locker -- is the latest to wade into the debate. 

While many companies and industries want to see changes in China's policies, including resolving the issue of theft of US technology, they oppose using tariffs as the primary weapon.

In a letter just after the new tariffs were announced, a group of 17 industry groups urged Trump to reconsider, given their reliance on China for goods.

"In 2017, China accounted for about 41 percent of all apparel, 72 percent of all footwear, and 84 percent of all travel goods imported into the United States," the letter said.

The US Trade Representative's office published a list of products that would be targeted by new tariffs, and has called for public comment, including a hearing set for June 17.

In prior rounds of tariffs, the White House granted exemptions for some critical products at the request of US industries.

source: news.abs-cbn.com

Friday, February 22, 2019

Nike stumbles into social media storm after basketball star's shoe splits


NEW YORK - A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the malfunction.

Zion Williamson, a 6-foot-7-inch freshman forward for the Duke Blue Devils who is anticipated to be the top 2019 NBA Draft pick, suffered a mild sprain to his right knee because of the incident, according to his coach Mike Krzyzewski.

A closeup video replay showed Williamson slipping and crumpling to the ground, clutching his knee in pain. His left shoe is seen split in half, with part of the sole ripped off the base of the sneaker.

Williamson did not return to play in the match-up, which ended with No. 1-ranked Duke losing 72-88 to the No. 8-ranked Tar Heels team.

"We are obviously concerned and want to wish Zion a speedy recovery," Nike said in a statement.

"The quality and performance of our products are of utmost importance. While this is an isolated occurrence, we are working to identify the issue."

Shares of the sportswear maker were down more than 1 percent in afternoon trading Thursday, a day after the incident, wiping off some $1.46 billion from Nike's market capitalization since Wednesday's close.

Oppenheimer analyst Brian Nagel said in a note he was optimistic "any lasting damage to the company and its shares will prove minimal."

Williamson was wearing the Nike PG 2.5 basketball shoe when he was injured, Nike confirmed to Reuters in an email.

The line of sneakers, launched in summer of 2018, sells for $95-$105 on Nike's website.

The shoe received mixed reviews and a rating of 4 out of 5 stars on Nike.com as of Thursday.

Nike is Duke's exclusive supplier of uniforms, shoes and apparel under a 12-year contract that was extended in 2015 and has had an exclusive deal with the private university since 1992, ESPN reported.

The company's latest results showed signs of a rebound as it speeds up new product launches and expands partnerships with online retailers. The Beaverton, Oregon-based company has forecast sales growth for 2019 approaching low double digits.

Williamson, who averaged 21.6 points a game, has been tipped as the "next Lebron James" and is expected to be selected first in the NBA Draft this June.

Krzyzewski said it was unclear how long Williamson would be out because of the injury.

Former President Barack Obama, director Spike Lee and star NFL running back Todd Gurley attended the game at Cameron Indoor Stadium, the home court of the Blue Devils.

A video from the match posted on Twitter showed Obama sitting courtside, expressing shock and mouthing the words, "his shoe broke!"

The incident lit up social media, with celebrities and some of basketball's biggest stars expressing shock and dismay.

"Hope young fella is ok!" tweeted LeBron James (@KingJames) on Wednesday. "Literally blew thru his," he added, using a shoe emoji.

"Again let's remember all the money that went into this game.... and these players get none of it," Donovan Mitchell (@spidadmitchell), a former first-round NBA draft pick and current guard for the Utah Jazz, tweeted on Wednesday. "And now Zion gets hurt... something has to change."

This is not the first time Nike has faced controversy over the craftsmanship of its sportswear. In 2017, the company faced a backlash when several NBA jerseys worn by basketball stars, including James, ripped apart.

source: news.abs-cbn.com

Wednesday, January 16, 2019

Nike unveils next-generation self-lacing basketball shoes


NEW YORK - In the 1980s, the "Back to the Future" film franchise suggested we would all eventually wear self-lacing sneakers.

Then a few years ago, Nike made the movie magic a reality, introducing its first shoe to the public with so-called "power lacing."

And on Tuesday, the global sportswear giant took it a step farther -- now your shoes will automatically loosen or tighten when you step into them, and then adapt based on your activity.

Wait for it -- the Nike Adapt BB shoes, which go on sale on Feb. 17 for $350 in the United States, are controlled by the touch of a button or a smartphone app.

"We picked basketball as the first sport for Nike Adapt intentionally because of the demands that athletes put on their shoes," Eric Avar, Nike VP creative director of innovation, said in a statement.


Using a custom motor and gear train, "Adapt" technology enables the shoe to be automatically adjusted to the foot. 

The app allows the player to load in different fit preferences -- for example, game play versus a timeout.

Boston Celtics forward Jayson Tatum is the first pitchman for the new shoe.

"That the app allows the ability to put the shoe on and touch the button, change the colors, see the percentage on the battery...it's just cool," Tatum said in a statement.

Nike says it plans to bring the system to shoes for other sports.

source: news.abs-cbn.com

Saturday, January 12, 2019

Lady Gaga shoemaker finds perfect fit in Asian market


MANILA - The creator of Lady Gaga's shoes, which found instant fans in other celebrities like Nicki Minaj and Kim Kardashian among others, is looking to expand its footprint in a fast-growing, trendy Asian market, according to Rem D Koolhaas, founder and creative director of global footwear brand United Nude.

Koolhaas, who described his brainchild as an "affordable design company" and whose products are "exclusive by design, and not by price," is on his second visit to the Philippines, following UN's flagship opening at Resorts World Manila in Dec. 2018.

There are also talks of opening more stores in the horizon, but Koolhaas was quick to add that there was no need to rush into the fresh market.

"One of the reasons I think that we are popular in Southeast Asia is because there have been a lot of economic growth over the past decade. And therefore, there's a lot of interest and newness, and there's not so much retrospect in a new market like that," said Koolhaas in an exclusive chat with ANC's "The Boss."

Unlike its European counterpart, which Koolhas has described as "conservative" and "casual" citing the influence of established heritage brands. Asia, he said, has a higher interest in fashion, taking note of the women who tend to dress up "a little bit more."



The California-based Dutch native also revealed plans to venture beyond fashion and into hospitality like United Nude Hotel or into property with Filipino real estate billionaire Robbie Antonio of Revolution Precrafted, the Philippines' first Unicorn startup. 

"We're always interested to find a collaborator, but we also get a lot of requests for collaboration," said Koolhaas. 

Among United Nude's current collaborations include Lady Gaga's choreographer Richard "Richy" Jackson, and African-American Shaun Ross, the world's first albino male model.

Established in 2003 with Galahad Clark, a seventh-generation scion of the Clark shoe brand, United Nude's shoes are sold in over 50 countries with concept stores in places, such as Vienna, Tokyo, and Beijing, among others. Its roster of other high-profile creative collaborations include Iris van Herpen, Linda Farrow, and the late Zaha Hadid. - Jan Yumul, Eah Antonio, Christel Lagdameo, and Cathy Yang, ABS-CBN News

source: news.abs-cbn.com

Tuesday, March 22, 2016

Shopping shorts: Kobe's Black Mamba pack, jerseys, flipflops

MANILA -- Looking for a new pair of footwear this summer? Here are some of the latest and upcoming offerings from Nike and Banana Peel.

These are not endorsed by ABS-CBN News. 

Nike Air Zoom KD9 and Hyperdunk 2016 




Inspired by NBA's Kevin Durant, Nike Air Zoom KD9 is a combination of evolution and innovation. It has Durant’s trademark versatility and impressive court coverage, as well as the comfort and responsiveness of Nike's Flyknit and Zoom Air technologies.

The KD9 will be globally available for athletes of all ages beginning June 20.



Meanwhile, the Nike Hyperdunk 2016, which combines the ultra-high Nike Flyknit and a full-length Zoom Air unit, aims to serve the modern game's speed, lateral cutting, elevation and impact.

Nike designer Leo Chang enhanced the shoe's lockdown support, dynamic stretch and breathability using Nike's signature Flywire cables.

It will be globally available on July.

Visit Nike.com to learn more about Nike's upcoming offers and designs.

Nike Vapor's new basketball uniforms




This pair of progressive knit jersey and shorts aim to maximize players' performance and minimize game distractions through Nike's signature AeroSwift technology.

The lightweight, tailored jersey features stretch knit coupled with an engineered mesh -- a product of rigorous sweat-mapping studies.

The shorts, on the other hand, introduce the FlyVent waistband that promises to eliminate the discomfort of traditional basketball waistbands. It is also 35% more breathable that the one released in 2012.

Nike offers Black Mamba Pack in celebration of Kobe Bryant's legacy


As legendary basketball player Kobe Bryant nears retirement, Nike Basketball celebrates his legacy by offering the Black Mamba Pack.

This collection includes each of Bryant's 11 signature shoes, as well as the Nike Huarache 2K4 and the 2008 Nike Hyperdunk -- shoes that have been closely tied to him.

The pack will be on sale starting Wednesday. Each box will include 13 stories that have made Kobe the HeroVillain. It also has a folded insert containing the GPS coordinates of each city that played a part on Kobe's basketball journey.

Each of the 13 sneakers will be exclusively available at the Titan TWO PARKADE in Bonifacio Global City starting March 23 until April 14. Each shoe will be sold at P9,895.

Banana Peel's Earth Hour collection flipflops


Popular flipflops brand Banana Peel aims to contribute to the fight against climate change by creating quality products using environment-friendly and safe materials.

Since 2013, the company has also closely worked with the World Wide Fund (WWF) for Nature by creating WWF flipflops collections that support marine life preservation, as well as forest and wildlife conservation. This year's collection features glow-in-the-dark straps and animal prints.

The Banana Peel 2016 Earth Hour collection is available in six designs for women and five designs for men. Each pair is sold at P420 to P440.

Every purchase allows you to donate solar lamps to be given away in the remote town of Moreal, Masbate. For more information, visit www.bananapeel.net or follow them on social media.

source: www.abs-cbnnews.com

Thursday, January 21, 2016

Entrepreneur turns textile waste into fashionable footwear


Social entrepreneur Pamela Mejia has found a way of giving old items a rebirth.

Mejia set up a program that gives life to old clothes and fabric scraps by transforming them into higher valued products such as footwear.

She named her footwear line "Phinix," inspired by the legends of mythical bird phoenix.

Mejia visited Mornings @ ANC to talk more about her social enterprise. She also brought samples of her sustainable and equally fashionable footwear pieces.

source: www.abs-cbnnews.com

Friday, May 8, 2015

10 summer-themed Mother's Day gifts

MANILA – Still looking for a Mother’s Day gift? Here are 10 gift suggestions for moms that have the summer season in mind.

Mobile users can view the desktop version of the slideshow here.

 

 

Chic sandals from Grendha

Just in time for Mother’s Day, Grendha is presenting a new lineup of comfortable yet fashionable sandals for women. Each pair is made for casual work days, summer outings and fun get-togethers.

Grendha footwear is available at Bambu Stores, SM Department Stores, Robinsons Department Stores, Shoe Salon, Landmark Flatshop and other leading boutiques nationwide.

source: www.abs-cbnnews.com

Tuesday, February 17, 2015

Nike LeBron 12 “Double Helix” – Available Early on eBay


It’s All-Star Weekend and the LeBron 12 is dominating headlines this Friday. There’s that Zoom Generation inspired Wheat LeBron 12 EXT aesthetic, his Red October PE, and now we get a better look at a pair that’s arriving at retailers later this month in the LeBron 12 Double Helix. From the initial looks of this pair, people had this colorway pegged as the first official Cavs referencing retail release, that was until you got a look at the lining and the Hyperposite on the medial side, where a vibrant Hyper Pink clashes with the Merlot base, and that yellow is more of a Volt than anything else. What do you think of the latest colorway? They’ll be available February 28th, but you can always grab the pair early on eBay.



Nike LeBron 12 “Double Helix”
Color:
Merlot/Metallic Silver-Volt
Style Code: 684593-607
Release Date: 02/28/15
Price: $200

source: sneakernews.com

Shopping shorts: Where to buy stylish, comfy shoes

MANILA – Looking for a pair of comfortable yet stylish shoes to add to your collection? Here are some new items that you may want to check out.

These are not endorsed by ABS-CBNnews.com.

Superstar 80s shoes from Adidas

Sportswear brand Adidas has launched its Superstar 80s Pioneer Pack, which features collaborations with skater Mark “Gonz” Gonzales and designer NIGO.

Adidas Originals Superstar 80s by Gonz features an all-white leather upper and a set of markers, inviting the wearer to leave his or her own mark on the sneakers.


On the other hand, the Adidas Originals Superstar 80s by NIGO has the designer’s “Grand Slam” print, which pays homage to sportswear.



Both sneakers are available in Adidas stores, Sneakpeek, Sole Academy and NBA Store at P4,995 each.

Colorful flip-flops from Ipanema

Flip-flop brand Ipanema is encouraging Filipinos to wear their “lucky” colors in the coming Year of the Sheep through their latest collection.

The brand’s flip-flops and sandals come in different colors and designs, each “ergonomically shaped to hug your feet so that they provide comfort when you walk,” said Francisco Elizalde, president of ELRO Retail Corp., which distributes Ipanema products in the Philippines.



Ipanema items are available in the Ipanema Store, Bambu Stores, SM Department Stores, Robinsons Department Stores, Shoe Salon, Landmark, Cinderella, Flatshop and other leading boutiques nationwide.

‘Date night’ shoes from Grendha

Grendha is offering ladies some comfortable shoes that they can use on dates, whether it’s an out-of-town trip or a fancy dinner.

From flats to platform shoes and slip-ons, Grendha’s newest designs put the modern fashionista’s needs in the limelight without sacrificing comfort.



From February to May 14, 2015, those who have a single receipt worth at least P2,500 of Grendha footwear from participating department stores can get a limited edition purse.

For more information, visit Grendha Philippines’ Facebook page.

source: www.abs-cbnnews.com

Sunday, November 16, 2014

39 days to Christmas: Brazilian shoe brand Anacapri comes to Manila


MANILA – Brazilian shoe brand Anacapri, known for its comfortable ballet flats, was recently launched in Manila just in time for the holiday season.

Named after an Italian town , Anacapri offers footwear in many designs, colors and materials to appeal to women’s different tastes.


“For the general consumer, today might be their first time to hear about Anacapri. However, if you ask any fervent fashionista, they can go on and on about the design behind every pair of Anacapri flats. It is a part of their history and lineage as a fashion brand and we’re honored to continue that story here in the Philippines,” said Francisco Elizalde, president of ELRO Corporation, the company that brought Anacapri to the country.

“We are very much excited to be bringing this new brand to the Philippines. For every outfit, it’s all about the details and we believe Filipinos will love the unique Anacapri designs that can easily mix and match to turn everyday wardrobes into a fashion statement,” he added.

Anacapri is available at selected SM department stores in the Philippines – SM Mall of Asia, SM Megamall, SM North EDSA and SM Lanang – and soon at Bambu Glorietta.

The current lineup consists mostly of ballet flats priced at around P3,000 a pair, but new models will be introduced in the coming months.

source: www.abs-cbnnews.com

Sunday, August 31, 2014

Indian start-up launches shoes that give directions


NEW DELHI -- "Wizard of Oz" heroine Dorothy only had to click her ruby red slippers together and they would spirit her home to Kansas.

Now, an Indian high-tech start-up is promising to do the same in real life with a new, GPS-enabled smart sports shoe that vibrates to give the wearer directions.

The fiery red sneakers, which will also count the number of steps taken, distance travelled and calories burned, will go on sale in September under the name LeChal, which means "take me along" in Hindi.

The shoes come with a detachable Bluetooth transceiver that links to a smartphone app to direct the wearer using Google maps, sending a vibrating signal to indicate a left or right turn.

They are the brainchild of 30-year-old Krispian Lawrence and Anirudh Sharma, 28, two engineering graduates who founded their tech start-up Ducere in a small apartment in 2011 with backing from angel investors and now employ 50 people.

"We got this idea and realised that it would really help visually challenged people, it would work without any audio or physical distractions," said Lawrence in an interview with AFP.

"But then we were trying it out on ourselves and suddenly we were like, 'wait a minute, even I would want this,' because it felt so liberating not having to look down at your phone or being tied to anything."

"The footwear works instinctively. Imagine if someone taps your right shoulder, your body naturally reacts to turn right, and that's how LeChal works."

Growing sector

Smart shoes aimed at specific demographic markets -- such as dementia sufferers and children whose parents want to keep track of their movements -- are already commercially available.

But Lawrence and Sharma believe theirs will be the first to target mass-market consumers, and have focused on creating stylish rather than purely functional footwear.

As well as the red sneaker, they are marketing an insole to allow users to slip the technology into their own shoes.

"Earlier, wearable technology was always seen as machine-like, nerdy glasses or watches, but now that is changing," said Lawrence.

They say they have 25,000 advance orders for the shoes, which will retail at between $100 and $150.

Demand has so far mostly been through word of mouth and through the lechal.com website. But the company is in talks with retailers to stock the shoes ahead of the holiday season in India and the United States.

It forecasts it will sell more than 100,000 pairs of the shoes, which are manufactured in China, by next April.

Wearable technology is a growing global sector. Market tracker IDC forecast in April that sales would triple this year to 19 million units worldwide, growing to 111.9 million by 2018.

The industry's rapid growth has given rise to fears about privacy, although Ducere says it will record no data on users and maintains robust security.

The company still hopes its product will be useful for visually impaired people, and experts at the L.V. Prasad Eye Institute in the southern city of Hyderabad are testing its suitability.

"It's a perfect intuitive wearable item. You may forget to wear a belt or a helmet, but shoes you can never leave the house without," said Anthony Vipin Das, a doctor at the institute.

"LeChal solves orientation and direction problems, it's a good assistant to the cane."

Possible problems include battery failure or loss of Bluetooth connectivity, which Das says could be fixed by providing a live feed of a user's position to a friend or relative, with their consent.

The company says it could use a portion of any future profits to subsidise the shoes for disabled users.

For all the shoes' high-tech features, Lawrence's favorite thing is that he no longer loses his phone -- if the wearer moves too far from his or her phone, the shoes buzz to warn them.

"I'm a very forgetful person and the best part is that the shoes don't let you forget your phone," he said.

source: www.abs-cbnnews.com

Saturday, December 14, 2013

Why Crocs is successful in Philippines, Asia


MANILA, Philippines - Whenever someone mentions Crocs, a image of brightly colored rubber clogs comes to mind.

But not many may be aware that the Crocs brand doesn't just have clogs, but a surprisingly wide array of styles. There are stylish wedge sandals and boots to suede loafers and sneakers, which are stylish and as comfortable as the clogs everyone loves.

Asians, especially Filipinos, have embraced Crocs with open arms. Asia now accounts for 41% of the company's total sales.

"Crocs opened their first store in Singapore in October 2005 and we have never looked back. In 2012, Asia accounted for 41% of Crocs’ $1.1 billion total sales," Tom Ramar, vice president for wholesale sales at Crocs Singapore, said in an interview with ABS-CBNnews.com.




Why are Crocs so popular in Asia?

"I think primarily it’s because we have developed new styles that are distinct to Crocs and yet very fitting for the Asian lifestyle. Asians live for comfort, and they can embrace that through Crocs without giving up their love for fashion. In Asia, Crocs is a lifestyle brand. It’s more than just a shoe; it’s something that can actually be a part of their daily lives," Ramar said

A perfect example is the Crocs Leigh wedge, which is stylish enough for a fashion-conscious woman to wear but extremely comfortable to wear all day long. The Leigh wedge was launched in 2009 and still remains one of its best-selling style.

"Women want to look good which is the reason why they choose the highest heels but often sacrifice their comfort. We at Crocs wish to provide them with both: style and comfort... More and more consumers look at us and can’t believe that the lines we’ve been launching are actually Crocs. Our Leigh Wedge Collection and our Beach Line Collection are examples of how much we have evolved in becoming a more fashionable brand that you can take to both work and play," Ramar said.

Another factor for Crocs' success in Asia is the weather. "Most of the Asian countries that we are in have warm, tropical weather that is perfect for Crocs. It’s not unusual for people to be in something casual at any given time of the year," Ramar said.

Crocs has been in the Philippines for 8 years. Asked how many Crocs has been sold here so far, Ramar said, "All I can say is that we have made a lot of feet happy since we arrived in the Philippines eight years ago. We have definitely brought comfort to a large number of people. Globally, we have sold over 200 million pairs in over 90 countries."

Ramar noted Filipino consumers are very enthusiastic about the brand, and are always active on Crocs' accounts on social networking sites.

"They are very responsive when new products come out, and are very vocal about how they feel. This has helped us usher in a new era of Crocs style and design. The Philippine market is discerning, and we appreciate that they are willing to spend for the quality of Crocs," he said.

Aside from the clogs, consumers also love the Crocs Beach Line and the recently launched Fall Holiday Collection.

"We have seen a rise in the sales of loafers for men, such as the l Boat Shoes and the Walu Lounger. For women, our Huarache collection and our stylish wedges have proved to be very popular," Ramar said.

The Fall Holiday collection features the Duet Sports Clog, Crocs Retro Sneaker, A-Leigh Closed Toe Wedge, Crocband Airy Sling Back, Gianna Glitter Flat and Thermalucent Snake Print Flat.

source: www.abs-cbnnews.com

Saturday, March 16, 2013

Under Armour Basketball – St. Patrick’s Day Pack



The buzz surrounding DeAndre’s exorcism of Brandon Knight continues to stay high, but does he have something else in store this weekend? Jordan will potentially be rocking this sick “St. Patrick’s Day” PE of the Under Armour Spine, which features a great green/gold colorway with a nice contrasting hint of minty green on the outsole. A Micro G Charge is also featured in the holiday’s colors, with a bolder electric green on the inner lining and midsoles.  Both shoes will drop this Sunday at noon EST in limited numbers on the Under Armour webstore, so check out both below and be sure to pick up a pair before you pound a case of Guinness.

source: sneakernews.com