Grace (Fooden) Correy

The topic of innovation is top of mind in the performance running shoe market – especially if you ask Nike, which has been widely criticized for having a lackluster product pipeline by analysts and the Street in recent months. But for Deckers chief executive officer Dave Powers, this isn’t an issue for its star running brand Hoka. Indeed, on the product front, Hoka is driving growth and consumer acquisition through innovative updates and new introductions across a diverse assortment of footwear. Footwear News Deckers Brands HOKA Nike Dave Powers #running #hoka #runningshoe #earnings #sneakers #nike #marathon

6

US jewelry sales remained flat in August following a period of growth in July, according to Tenoris. Retailers have seen a surge in inventories recently, particularly in lab-grown jewelry, indicating potential challenges ahead. Natural diamond jewelry sales decreased by 3% year over year, while lab-grown jewelry sales saw a 10% increase despite a 17% decline in average price. This trend warrants attention as it may signify underlying market shifts. Read more: https://lnkd.in/dAPvmDZC

15

2 Comments

🔍 Reimagining Product Discovery in Retail: Insights and Innovations In a series of presentations followed by a panel discussion, Diana Lee, Director of Research & Analysis at The Business of Fashion, interviewed three retail and brand leaders who are reimagining product discovery. They discussed the impact of these initiatives on sales and customer satisfaction. 1️⃣ Marc Hernandez, Digital Product Director at MANGO emphasized the importance of understanding where the customers are, noting that human needs haven't changed much in the last 20 years. He highlighted the role of storytelling in selling fashion and providing inspiration. Opportunities and challenges: 🔹Onsite experiences require extensive detail and data integration. 🔹The need to create a logic for personalization. 🔹The importance of unifying communication across platforms like Instagram, WhatsApp, and the website. 🔹The US market is growing but Mango is not yet as recognized there as it is in Europe. 🔹The next step is to better understand US customers, adapting to the diverse regional cultures and weather patterns. 2️⃣ Éva Goicochea, Founder & CEO, at maude , discussed the significance of providing the right context for products and highlighted a successful partnership with Sephora. Opportunities and challenges: 🔹Modern products have universal appeal across countries. 🔹Every advertisement must be gender-inclusive. 🔹Inclusivity should be a core aspect of all operations. 3️⃣ Jan Philipp Wintjes, EVP, Global Omnichannel at HUGO BOSS, stressed the need for bold communication and acknowledged the challenges posed by the company's legacy. He emphasized that quality remains central to everything HUGO BOSS does. Opportunities and challenges: 🔹Building a story around quality and refreshing the brand. 🔹Balancing global and local strategies, testing and learning what works best in-store versus online. 🔹Expanding into the women's market, potentially through a new brand. These insights from industry leaders highlight the evolving landscape of product discovery in retail, emphasizing the need for personalization, inclusivity, and bold communication strategies to enhance customer engagement and satisfaction. #shoptalk #shoptalkoffbounds #shoptalkeurope #mango #maude #hugoboss

8

Hear from our Co-Founder and CEO, Wilson Griffin, on the latest episode of Talk Commerce.

9

1 Comment