March 21 (Reuters) – Nike shares slipped nearly 6% premarket on Friday after the sportswear giant warned of another quarter of sales decline, leaving some investors worried about the pace of a crucial turnaround under new CEO Elliott Hill. The new management will take time to rebuild relations with other retailers that were weakened by its focus on selling directly via its stores and website and develop a more compelling line of products, he said. Nike’s Chief Financial Officer Matthew Friend said the company would take “several quarters” to clear out its dated stock, which would involve margin-hitting discounts. Barclays analyst Adrienne Yih said. Hill – who took on the role in October to help the sportswear maker regain lost market share – has laid out what he called a “Win Now” strategy, which includes boosting on-the-ground presence in five key cities including Shanghai and Beijing. To be sure, Hill has fast-tracked certain sneaker launches such as Pegasus premium and Vomero 18 that helped lift sales in the reported third quarter. Still, Nike is working to move past the previous management’s strategy missteps that led to a lack of innovation for its product lines. The company on Thursday forecast a steeper-than-expected drop in fourth-quarter revenue and also reported a 17% slump in China quarterly sales amid weaker discretionary spending in the country. Nike shares are down about 11% since Hill’s CEO announcement in September, giving up all the gains following his appointment. The company’s forward price-to-earnings ratio for the next 12 months, a benchmark for valuing stocks, was 30.08, compared with 17.33 for Deckers and 25.91 for Adidas. Sheraz Mian, director of research at Zacks Investment Research, said.
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If you’re as magpie-like about jewellery as I am, you’ll always be on the lookout for new brands and original pieces to add to your collection. Her signature T-bar necklaces have been worn by the likes of Taylor Swift. This British brand was launched in the autumn of 2024 by Tofi Caroline Adedoyin, a former investment banking director. Otiumberg positions itself as a demi-fine jewellery brand. All Grove & Vae jewellery is designed in London, and created using 14k gold vermeil and rhodium-plated sterling silver. Tilly Sveaas founded her eponymous brand in 2016. Born in Hong Kong to British-Norwegian parents, London-based Tilly has been a jewellery designer for over 25 years, creating her first pieces during an extended trip to Bali, where she still produces to this day. The brand’s founders, sisters Christie and Rosanna Wollenberg, believe you shouldn’t just save beautiful jewellery for best, so the sculptural rings and earrings are as practical as they are elegant. Their goal is to make pieces that ‘will be your go-to for years to come’. There are so many amazing affordable and mid-range jewellery brands out there today, with a plethora of choice no matter what your style. But along with the prominent brands we all know and love, there are a load of under-the-radar gems (no pun intended) out there just waiting to be discovered. If you love keeping things unique and prefer to shop independent, these jewellery brands are worth checking out and keeping in mind for your next purchase.
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The brand focuses on creating timeless, versatile pieces tailored to the modern woman’s everyday wardrobe. Crystals & Co. founders (and best friends) Emily Mackeogh and Leah O’Reilly aim to accessorise peoples lives with fun, high quality affordable jewellery. Think timeless glamour meets modern minimalism, without the unattainable price tag. With Love Darling believes in changing the world one piece of jewellery at a time. The brand uses solid metals – not plated or vermeil, and promises no green fingers or brass rash. I was tired of sacrificing style for quality, or my bank account for both’ says Neima Row founder Naomi Genes. It specialises in bright, colourful jewellery. Prior to starting Bijoux De Mimi, Amelia attended Central Saint Martins. Catherine ‘Catch’ Rhys Jones started her label out of a frustration with the jewellery she was buying. Made by small workshops all over the world, each piece holds a story. So she decided to make her own. After working in the jewellery industry for 10 years, Amelia Bainbridge saw a gap in the market for jewellery that was both beautiful and affordable – and Auree was born in 2014. All Auree pieces are made with the highest quality solid gold, sterling silver or gold vermeil and natural gemstones. It always came with lengthy care instructions and still tarnished after only a few wears or turned my skin green’ she says. The pieces are gorgeous too – from delicate pendants to eye-catching hoops, available in either 18ct gold vermeil or sterling silver. Founded by Amelia Hitchcock-Merritt in the middle of lockdown at just eighteen, Bijoux De Mimi became one of the fastest growing jewellery brands in the UK. Items are produced in developing countries, giving the artisans income to lift themselves and their families out of poverty.
It was established in 2009, with the ethos that jewellery should say a lot about who you are, whether big and bold or delicate and gold. The eclectic collection draws inspiration from founder Abby Kaye’s past experiences and travels through India, as well as her childhood in London and love of nature. The brand is named after Olivia’s mother Deborah Louise who Olivia sadly lost to cancer in 2017. With the loss of her mother, Olivia felt life was too short to not be truly passionate about the everyday and D.Louise was born. Pieces are made in sterling silver with 18ct gold vermeil. Award winning British Jewellery Brand Scream Pretty was founded by Lucy Lee with her sister Jessica Pearce in 2016. This family run business designs jewellery for self expression; affordable, stylish and fun – jewellery to shout about. After growing up in Singapore, founder Lynette Ong left her job in finance to pursue a dream of using her creativity for the better. The ranges include a collaboration with Vogue Williams. Founded by Olivia Jenkins in 2021, D. Louise creates timeless long-lasting yet affordable jewellery. Abby is a big believer in the talismanic and restorative power of jewellery, and strives to create designs that are both ethical and fashioned with love. Scream Pretty’s signature style is the curated ear – combining piercings and ear cuffs, to create bold stand out styling. Olivia’s pursuit began when she identified a gap in the jewellery market – the need for everyday pieces that wouldn’t fade after a few wears – with this every piece comes with a lifetime guarantee against colour fading. Dreamt up on a bicycle ride through Rajasthan, India, the British jewellery brand Memara was launched in 2019, with the aim to create beautiful, timeless yet affordable demi-fine pieces.