Nike Results
and LN-CC Re-Opening & Print Media
Summer camps are banning Gen Alpha 'Sephora kids' from bringing skincare products to reduce distractions and encourage participation in camp activities. Todd Snyder x Gardenheir. ALAÏA raffia ballet flats. Dries Van Noten celebrates his retirement with the release of Mystic Moss, a new perfume blending aquatic and edible notes.
GQ: LN-CC's London Store Reopening
LN-CC, the niche concept store in East London, just reopened its Dalston location after being closed for four years. LN-CC first opened in 2010 but had to shut down in 2020 because of the pandemic. It continued online without a physical location, but is now back in real life with bright colors and a trademark mix of high-end fashion, streetwear, and new designers. They've also brought back their club space, L8TE, for events and in-store activations. We’ve always wondering how well LN-CC was doing financially, given how often it markets its clearance sales. But surviving the pandemic and coming out on the other side with a beautiful new store is a real accomplishment.
Nike shares plummeted after announcing results for its most recent quarter:
Shares of Nike plunged on Friday after the retailer cut its full-year guidance and said it expects sales to drop 10% during its current quarter as it warned of soft sales in China and “uneven” consumer trends across the globe.
Nike is one of the most recognizable brands in the world, powering world-class athletes and releasing elite, highly desirable sneakers beloved by consumers around the world. And yet they are in a rut. Here is their share price compared to some peers:
Over the past year, Deckers (i.e., Uggs/Hoka) has performed the best, with Crocs, On, and Adidas all clustered together. Meanwhile, Nike has been beaten down, with its stock price down almost 30%. We’d expect them to bounce back, but 2024 has not been kind to them!
NYT: High-End Outdoors Magazines Thriving in Print
Even though digital media is everywhere, niche high-end outdoor magazines like Adventure Journal, Mountain Gazette, Summit Journal, and Ori are finding success through their print editions. These are for people who love quality and like holding something real in their palms instead of scrolling online. The common thread is that these magazines are made in small batches with little to no ads, feature great photos and stories, which alchemize each issue into a one-of-a-kind collectible. Think of it as "slow media," where people want to enjoy reading something meaningful instead of just skimming through quick online stuff. Print media may not be back, but it can be successful in a smaller, more personal format.
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From Team TT
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