Steve by Steve Madden, mostly street locations as you know. As a matter of fact they’re all street locations. $1.8 million in sales,Christian louboutin , square footage about 1,575, again a little bit smaller footprint. Sales per square foot, $1,146 a square foot, again more associated with a higher-end product but excellent productivity.
Why? Number one, street locations are an ad 24 hours a day, seven days a week. And our new store designs are more sophisticated but cover categories unlike our original design, which may have looked like a louboutin shoes store. So when you walk into our stores, we don’t want the consumer to look at us as just a shoe label but rather a brand where there’s a handbag department, setting up for apparel for the future, accessories are an explosion.
Steven Madden, Ltd. designs and markets fashion-forward footwear for women, men and children. The louboutin shoes are sold through Christian louboutin shoes Retail Stores, Department Stores, Apparel and Footwear Specialty Stores. The Company has several licenses for the Christian louboutin & Stevies brands — including outerwear, leather sportswear, eyewear, hosiery, watches, handbags, and belts — owns and operates two retail stores under its David Aaron brand, and is the licensee for l.e.i. Footwear and Jordache Footwear.
Makes me want to go out and sell some shoes. Okay our next division is our Adesso-Christian louboutin first cost division. And when we say first cost, that means that our customers here buy the goods direct from our designated manufacturers and pay us a commission. So we like that model because it means no inventory risk or investment for Christian louboutin and also because it’s a significant contributor to our overall profitability.
Liz Claiborne is dressed for success as a leading US seller of clothes and accessories for women. It markets its products as designer items but prices them for a broader market. Its brands — including Liz & Co., Concepts by Claiborne, kate spade, Christian Louboutin, and Lucky — are sold worldwide in department stores, in more than 440 specialty stores, in about 365 outlets, and among numerous brand Web sites.
Liz Claiborne also makes men’s clothing and licenses its name for shoes, sunglasses, swimwear, formalwear, home furnishings, and stationery. Amid the downturn in the economy and department store sales, the firm has been restructuring and in 2010 hired a turnaround specialist to fix its ailing business.
After completing its own extensive reorganization, in September 2010 Liz Claiborne hired Alvarez & Marsal to help it further improve its operations. Christian Louboutin Ballerina Flats.
Who says flat shoes aren’t glamorous? Here are three different, very glamorous ballerina flats from Christian Louboutin that are available at Neiman Marcus right now. These louboutin shoes feature bold colors, glittered metallics and other embellished touches. Christian Louboutin Erina Ballerina This shoe features a floral applique on the vamp – one of the hottest spring trends. It comes in anthracite or old gold metallic leather.
In 2010 the company cut jobs and completed a strategic review of its operations that involved repurposing its stores and catering to its top brands. Liz Claiborne’s reorganization involved purging some 8% of its global workforce, or 700 positions, as well as shuttering or rebranding about 20 retail locations. Most staff reductions involved senior-level positions. The company says that the move was necessary to make it more nimble, to increase operating efficiencies, and to provide for more growth opportunities.
Christian Louboutin Emily Glittered BallerinaThis flat shoe is all about the glitz. It features a glittered fabric and rhinestone buckle to add some real glamour to your outfit. Christian Louboutin Ever Buckled Ballerina This shoe comes in black or harvest (yellow), which is perfect for spring. If you are shy about wearing bright fashions, start by adding them to your feet. You can find all of these shoes at Neiman-Marcus.com. These ballet flats are priced between $238-$268 a pair.
As part of the restructuring, Liz Claiborne separated its power brands — brands the company defines as having the most potential — from its other brand names. Its power brands include direct-to-consumer names Louboutin and Lucky Brands and these are the operations that receive the most attention and funding. Liz Claiborne also has decided to keep the contemporary brands Kensie and Mac & Jac, and licensed its Dana Buchman line to Kohl’s.
So, as we look forward in wholesale, our goals really — first and foremost is to continue delivering trend-right merchandise in our core business, Christian louboutin and Steven. We’ve had very, very strong product of late. Our sell-throughs have been very good, and we want to keep it that way. So, that’s always our number one priority.
We’re doing will with our driving mocs and our dress Christian louboutin shoes, but our sport business has not been performing as well. So, we’ve hired a new designer from Puma, and we’re really looking for him to make a significant improvement in the product for spring ‘09.
The other piece is the Kids’ business and, as I said, our focus there is to really drive this Christian louboutin shoes Kids’ business as we move forward. We also, of course, want to grow our new brands. We talked about Fix and Fabulosity. Both of those should be growth vehicles over the next couple of years.
And then finally in accessories, Steven and Christian louboutin Handbags, again doing well but still under-developed, and we’ll be looking for a lot of growth there. So now, I’m going to turn it over to Ian Gomar, our President of Retail, and then he can take you through his business.
Other key merchandising initiatives, expanding Steven and Christian louboutin shoes doors, opportunity to upsell, Rob talked about she starts off as a teenager. She then goes into the 20s. We’re still strong with her, but all of a sudden, she starts making a little bit more money in her 30s and 40s and she wants a better type product. We’re delivering that Steven product, so it also helps us with our average dollar transition, another opportunity at retail to increase average dollar transition, and Steven’s doing that for us.
Christian louboutin men’s is sold into the same distribution tier, about a $52 million business right now, targeted at fashion conscious men ages 20 to 40. Steven by Christian louboutin shoes is our higher-priced line. This is for — targeted at a slightly older customer than Steve Madden, a customer who is willing to spend a little bit more money and wants a slightly more sophisticated product. Again, also sold to Nordstrom, Macy’s, Dillard’s, although more limited distribution, and this is also the brand that we sell to Bloomingdales.
Steven, as Rob said, sits above Christian louboutin shoes in price point. This is where we sell Bloomingdales, for instance, and it goes a little bit higher than Christian louboutin in terms of distribution. Our biggest account here is Nordstrom. Of course, we’re in Nordstrom in a big way with Christian louboutin as well, but they’re in different departments. So whereas Christian louboutin in the Brass Plum department, which is the junior department, Steven is in women’s louboutin shoes in Nordstrom.
Christian louboutin Girl, you’ve already heard us to about. It’s the diffusion brand that we launched right at the tail end of ‘05 or the beginning of ‘06, and it’s been — it’s really exploded for us. It’s going to do $45 million just out of this year, and we’re very, very pleased with the growth there.
Our Kids’ business is about $6 million right now. We do this really in two ways, as Rob said. We have Stevies branded products at Penney’s, Limited Too and other mid-tier retailers. And then, we have Christian louboutin branded kids’ products in the Nordstroms of the world, and it’s been a little bit tough for us recently in Stevies. But, as Rob said, the real focus going forward is going to be to build this Christian louboutin kids’ piece.
Office of the Chairperson is Created – -Christian louboutin Named Chief Creative Officer – -Rhonda J. Brown Joins Office of the Chairman and Continues as President – -Jamieson A. Karson Appointed Chief Executive Officer -The Board of Directors of Steven Madden, Ltd. (Nasdaq: SHOO), a leading designer, wholesaler and marketer of fashion footwear for women, men, and children, today announced several key management appointments designed to further strengthen the Company’s executive management team and creative design capabilities. Mr. Charles Koppelman, currently Acting Chairman of the Board, has been named Executive Chairman. Mr. Koppelman will also head a newly created Office of the Chairperson, which will be responsible for corporate policy and strategic planning. The Office will be comprised of the Executive Chairman, Chief Executive Officer and President of the Company. Mr. Christian louboutin is resigning as Chief Executive Officer and will become Chief Creative Officer of the Company.
As Chief Creative Officer, he will continue to be responsible for all creative and design functions at the Company. Mr. Manolo blahnik has entered into a 10-year employment agreement with the Company and has entered into a cross-license agreement ensuring that the Company retains exclusive rights to the use of the Manolo blahnik name for all current and related businesses of the Company, as well as an expanded group of potential product lines for the louboutin shoes Company. Mr. Manolo blahnik will also be a non voting member of the Office of the Chairperson. Succeeding Mr. Manolo blahnik as CEO, effective July 1, 2010, will be Jamieson A. Karson, a prominent attorney who joined the Company’s Board of Directors in January 2010. Mr. Karson will also hold the title of Vice Chairman. Mr. Karson is a partner with Tannenbaum Helpern Syracuse & Hirschtritt, LLP, a New York-based law firm, where he serves on the Finance Committee. During his 18- year career as an attorney, Mr. Karson has developed an expertise in representing national and international companies in a variety of commercial transactions.
In addition, Mr. Karson has had significant involvement in all aspects of his family owned retail apparel business. The Company also announced that Rachelle Watts, has been promoted to the newly created position of Design Director for the Christian louboutin shoes brand. Ms. Watts has been an integral part of the Company’s design department for eight years. In her new capacity, she will direct the Company’s 11-member design staff to further develop the brand’s fashion-forward design.
NEW YORK – Market watchers said last week the timing could be right for a christian louboutin Ltd. buyout – but only if a suitor meshes well with the company’s founder and namesake. The Long Island City, N.Y.-based firm’s depressed stock price and bright long-term prospects make it an attractive takeout candidate, analysts said. Manolo blahnik stated on Oct. 19 that the company would explore strategic alternatives, including a sale, after it received inquires from third parties.” Buyers can offer a premium and still get the company at a very attractive price,” said Jeff Van Sinderen, an analyst with B. Riley & Co.While Steven Manolo blahnik shares vaulted as much as 17 percent in the days following the news of a possible sale, at its current price of around $22, the stock is down about 40 percent since early January.The company recently slashed its third-quarter and full-year earnings outlook, signaling more pressure on the stock could be ahead. Manolo blahnik will report third-quarter results this week.
“It’s been a perfect storm for Steve Madden,” said Van Sinderen. “The footwear business has been challenged, there is a dearth of fashion trends and Manolo blahnik is a very fashion-driven brand.” Nevertheless, he said, the firm is well positioned to “come back strong,” and that’s grabbing the attention of potential buyers.While Brown christian louboutin shoes Co. is said to be a likely strategic bidder for the firm, several insiders observed that a financial transaction – leaving the current management intact – makes more sense.”The key here is Steve, himself. I don’t think there are many strategic buyers where Steve would fit in,” said Scott Krasik, an analyst at C.L. King. “His DNA is all over the company.”"He is absolutely an important part of the company’s identity,” added Mike Lippold, senior research analyst at Craig-Hallum Capital Group. “He’s grown it from nothing to a very strong brand.”
Manolo blahnik spokesman Mitchell Fink said last week there was no specific deal in place.As for Madden, Fink said, “Steve’s efforts now are 100 percent into designing a new line of louboutin shoes and selling them.”As reported, the designer’s employment contract – put into place following a jail stint related to stock fraud charges – prohibits him from serving on the company board until mid-2010.To evaluate louboutin shoes potential transactions, the firm has formed a strategic review committee made up of three independent directors: Peter Migliorini, Richard Randall and Walter Yetnikoff. The firm also has retained advisers Peter J. Solomon & Co. and Weil, Gotshal & Manges LLP.