New Balance’s CEO Says the Shoe Industry Needs to Take a Page From Zara and Asos

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

New Balance’s CEO says the shoe Industry needs to take a page from Zara and Asos.

“It’s the new normal,” Joe Preston said on customized product. The CEO and president of New Balance spoke at the 2019 FN CEO Summit in Miami this week, emphasizing the importance of innovation.

Along with focusing on personalization, Preston discussed working more and more with young talent in order to create fresh designs. The brand has a strong relationship with Pensole Design Academy, creating a co-op program that offers students the chance to work with New Balance in the form of a one-year paid apprenticeship.

While innovation has been key to the firm’s growth, Preston said speed to market is top of mind. He explained, “What Zara and Asos are doing is a great example of what the shoe industry needs to do. The product life cycle is shorter [nowadays].” And New Balance isn’t forgetting its roots. “We are making investment on lots of different fronts. We’re investing in equipment, people and manufacturing plants,” Preston said during a presentation on its made-in-the-USA program. According to the CEO, the company is specifically putting efforts behind 3D printing in its American factories as well working with MIT graduates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US: Green New Deal could help an industry once leery of renewables[NEW YORK] An industry that didn't exactly champion the rise of renewables may be a surprising beneficiary of Alexandria Ocasio-Cortez's Green New Deal: utilities. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Trump slaps new US sanctions on Iran's metals industryWASHINGTON: President Donald Trump on Wednesday (May 8) ordered new sanctions on Iran, this time targeting the Islamic Republic's export revenues ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »