Shares of Estee Lauder Companies Inc (NYSE:EL) ended Friday session in red amid volatile trading. The shares closed down -0.14 points or -0.16% at $87.72 with 1.75 million shares getting traded. Post opening the session at $87.49, the shares hit an intraday low of $87.31 and an intraday high of $88.03 and the price vacillated in this range throughout the day. The company has a market cap of $31.74 billion and the numbers of outstanding shares have been calculated to be 222.99 million shares.
Estee Lauder Companies Inc (EL) on August 25, 2016 announced the appointment of Andrew Ross to the role of Senior Vice President, Strategy and New Business Development, effective September 1, 2016. Mr. Ross succeeds Peter Jueptner, who, as previously announced, has been appointed President, Europe, the Middle East and Africa. Mr. Ross will join the Company’s Executive Leadership Team and report jointly to Fabrizio Freda, President and Chief Executive Officer, and Tracey T. Travis, Chief Financial Officer and Executive Vice President, Global Finance and Strategy.
In this important strategic role for the Company, Mr. Ross will lead the ongoing development and implementation of the Company’s strategy and 10-year Strategic Compass. Mr. Ross will also lead the Company’s mergers, acquisitions, licensing and alliance activities worldwide, identifying strategic opportunities to complement the Company’s brand portfolio and capabilities. Mr. Ross’s additional responsibilities will include creating alignment opportunities across the Company, generating breakthrough industry and global insights that impact the Company’s strategic direction and providing leadership and guidance for a variety of key strategic priorities. Central to Mr. Ross’s role will be mobilizing and tracking the execution of enterprise-wide projects to enable the Company to continue to achieve its long-term vision.
“Our sound corporate strategy has driven us to achieve seven years of consecutive growth,” said Mr. Freda. “Andrew’s widely-recognized industry leadership along with his depth of expertise in retail strategy, merchandising, format renewal and marketing will help us to continue to drive long-term profitable growth and remain a global leader in prestige beauty.”
Shares of Foot Locker, Inc. (NYSE:FL) ended Friday session in green amid volatile trading. The shares closed up +0.20 points or 0.30% at $66.10 with 1.74 million shares getting traded. Post opening the session at $65.71, the shares hit an intraday low of $65.30 and an intraday high of $66.40 and the price vacillated in this range throughout the day. The company has a market cap of $8.72 billion and the numbers of outstanding shares have been calculated to be 133.25 million shares.
On Sept. 13, 2016 Foot Locker, Inc. (FL), the New York-based specialty athletic retailer, in collaboration with PENSOLE Footwear Design Academy and ASICS America, revealed the winning sneaker design developed during the first “Fueling the Future of Footwear” Master Class. Foot Locker will sell only 300 pairs of this exclusive, limited-edition ASICS GEL-Lyte III® “PENSOLE Reflect” design starting Sept. 17 at select Foot Locker locations, including:
- New York – 112 West 34th Street
- Los Angeles – 8500 Beverly Boulevard
- London – 283 Oxford Street
- Paris – 4-6 Rue Pierre Lescot
- Milano – Corso Vittorio Emanuele II, 24/28
- Toronto – 247 Yonge Street South
- Tigard, Ore. – 9459 SW Washington Square Road
Together, the brands selected 18 students out of 1,400 applicants with skill sets across design, engineering and business to compete in six teams and create a new silhouette for the ASICS GEL-Lyte III sneaker. The three-week design course, which took place in July 2015, featured an intense competition built upon Foot Locker’s commitment to delivering the freshest, athletic-inspired footwear and PENSOLE’s “learn by doing” footwear design process. The winning team created a compelling custom design for the iconic ASICS GEL-Lyte III sneaker.
“Through our partnership with PENSOLE, we are committed to fostering innovation and creativity in the next generation of footwear designers and we are thrilled to debut our first winning ASICS design,” said Andy Gray, vice president and general manager of Foot Locker U.S. “Offering this special, limited-edition ASICS GEL-Lyte III design created by a team of fashion-forward thinkers truly demonstrates the core of everything Foot Locker stands for: delivering the freshest and most innovative products to our customers.”
The competition winners, chosen by ASICS product and marketing teams and the founder of PENSOLE, D’Wayne Edwards, earned a $12,000 prize and will see their breakthrough sneaker design come to life, from conception to production and ultimately to Foot Locker shelves.
“The future of the footwear industry is reliant upon the type of creativity, innovation and originality displayed by this competition’s winning team,” said PENSOLE founder D’Wayne Edwards. “At PENSOLE, we are committed to providing hands-on learning and training to tomorrow’s design and business leaders. Our partnership with Foot Locker makes it possible for students to hone their craft, prepare themselves for their professional careers and see their vision become a reality.”