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Cole Haan opens third New York City store in the Flatiron District

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7 hours ago

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January 30, 2025

American lifestyle and accessories brand Cole Haan announced on Thursday the opening of its third New York City location. 

Cole Haan opens third New York City store in the Flatiron District. – Cole Haan

Located at the corner of 5th Avenue and 19th Street in the historic Flatiron District, the 1,622-square-foot store offers an immersive shopping experience for customers to explore Cole Haan’s diverse collections across lifestyle, sport, and dress categories.

Housed within a 1904 neo-Renaissance landmark building, the new store boasts floor-to-ceiling windows that flood the space in natural light. Design elements, including herringbone wood flooring, mosaic tiles, aged iron chandeliers, and custom-built shelving, create an inviting atmosphere that bridges the brand’s heritage with its forward-thinking approach. Completing the space is artwork throughout the store including macro photography of the iconic Flatiron Building.

“New York has long been a key and successful market for Cole Haan, and we’re excited to open a new store in this vibrant city in the iconic Flatiron District,” said Jack Boys, CEO of Cole Haan. 

“This next step in our brand and retail journey offers a unique opportunity to engage with both long-time and new customers allowing us to share our most innovative products and classic designs in one of the world’s most inspiring neighborhoods.”

The store opens with Cole Haan’s Spring 2025 collection. Customers will find new products in Men’s including the OriginalGrand Energyweave Oxfords, alongside best-selling styles. In women’s, new styles include the Georgie Ballet and Graclyn MaryJane Ballet Flats, as well as the Carolyn Foldover Tote in the handbag category. 

Cole Haan currently operates over 500 stores in nearly 100 countries worldwide.

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Fashion

Hoka-parent Deckers Outdoor’s forecast disappoints despite solid holiday quarter

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1 hour ago

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January 30, 2025

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Reuters

Published



January 31, 2025

Deckers Outdoor on Thursday beat third-quarter sales estimates on robust holiday demand for its Hoka running shoes, but an in-line annual forecast caused the footwear maker’s shares to tumble 17% in extended trading.

Ugg

Hoka shoes with their oversized soles have been gaining market share from brands such as Nike in the sportswear category. The brand, which retails for up to $300 in the United States, have also enjoyed full-price sales.

This drove up the company’s third-quarter revenue by 17% to $1.83 billion, beating analysts’ average estimate of $1.73 billion, according to data compiled by LSEG. Deckers also raised its annual net sales forecast for a second time this year.

“The guidance looks pretty conservative and considering the beat, it’s bit of a negative read into the out quarter,” said Drake MacFarlane, analyst at MScience.

The popularity of the Hoka shoes and the success of the company’s Ugg boots and sandals has helped it post double-digit revenue growth for nearly seven quarters.

The company now expects annual net sales to increase about 15% to $4.9 billion, compared with its prior expectation of about 12% growth to $4.8 billion. Analysts estimated an increase of 14.9% to $4.93 billion.

Deckers expects annual earnings per share of $5.75 to $5.80, compared with its prior forecast of $5.15 to $5.25.

© Thomson Reuters 2025 All rights reserved.



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Amazon ramps up ad spending on Elon Musk’s X, WSJ reports

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2 hours ago

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January 30, 2025

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Reuters

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January 31, 2025

Amazon.com is increasing its advertising on billionaire Elon Musk’s social media platform X, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Reuters

The major shift comes after the e-commerce giant withdrew much of its advertising from the platform more than a year ago due to concerns over hate speech.

In 2023, Apple also pulled all of its advertising from X and has recently been in discussions about testing ads on the platform, the report said.

Several ad agencies, tech and media companies had also suspended advertising on X following Musk’s endorsement of an antisemitic post that falsely accused members of the Jewish community of inciting hatred against white people.

Monthly U.S. ad revenue at social media platform X has declined by at least 55% year-over-year each month since Musk bought the company, formerly known as Twitter, in October 2022. He had acknowledged that an extended boycott by advertisers could bankrupt X.

Musk has become one of the most influential figures following President Donald Trump‘s re-election. He now leads the Department of Government Efficiency, which aims to cut $2 trillion in government spending.

© Thomson Reuters 2025 All rights reserved.



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Ferragamo’s sales down 4% in fourth quarter, sees “encouraging results”

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2 hours ago

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January 30, 2025

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Reuters

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January 31, 2025

Italian luxury goods group Salvatore Ferragamo said on Thursday its revenue dropped by 4% at constant currencies in the fourth quarter, flagging “encouraging results” from its direct-to-consumer sales which were overall flat in the last three months of the year.

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Ferragamo – Spring-Summer2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight

Sales in the North American region, which accounted for 29% of total revenue, were up 6.3% in the quarter.
However, the Asia Pacific area saw a 25% drop in revenue at constant exchange rates.

The slowdown in global demand for luxury goods, especially in China, has made the group’s turnaround harder.
Overall preliminary revenues reached 1.03 billion euros in 2024, in line with analysts’ estimates, according to an LSEG consensus.

“January shows an acceleration in our DTC channel’s growth, albeit supported by the different timing of the Chinese New Year and a favourable comparison base versus last year”, Chief Executive Marco Gobbetti said in a statement.
 

© Thomson Reuters 2025 All rights reserved.



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