Walking offers the great advantage of requiring no skill or practice. Everyone knows how to do it, and the only equipment you need is a good pair of shoes. You can walk outdoors or indoors (in shopping malls, for example). It is probably the safest option of all, with the least chance of injury.
The main problem with walking as a principal aerobic activity is that you can easily fail to do it strenuously enough to get the conditioning benefits of exercise. Aerobic walking cannot be casual or intermittent, and it takes a little more time than the other options. You should be able to walk about three miles in forty-five minutes. If, after building up to that, you still do not get a good workout, you will have to walk faster, do some uphill walking (long, gradual hills are best), or carry hand weights. (Never use ankle weights, which can stress joints and lead to injury.)
Good posture is important during walking exercise, and swinging the arms opposite to the movement of the legs makes for a better stride. Walking with special poles (like ski poles) is another option. Athletic supply stores can give you advice about good walking shoes. The right shoes are as essential for aerobic walking as for running. If you become accomplished at walking, you can join walking tours throughout the world or look into race walking, an advanced technique taught at some fitness clubs.
The deal marks one of the first times an American company has cracked the code of super high-end luxury fashion, typically controlled by LVMH, the owner of Guerlain and Givenchy, and Kering, the owner of Balenciaga and Yves Saint Laurent. Michael Kors had already dipped its toes in European fashion, last year buying shoe brand Jimmy Choo for $1.2 billion.
As part of the deal, Donatella Versace, who has helped run the company since her brother Gianni was murdered in 1997, will stay on to oversee the label. That retention will be crucial to Kors as it looks to validate itself to other premium European brands and their visionaries.
While the number of sizable U.S. brands to acquire has dwindled, the European luxury market has become rife with opportunity. As founders and owners of European luxury brands put an eye toward retirement, a number of businesses, like Prada and Giorgio Armani have have been turning up on wish lists for luxury retailers.
The global market for personal luxury goods was estimated to be worth $307 billion in 2017, according to recently filed registration documents for luxury marketplace Farfetch, which went public last week. The luxury market is expected to reach $446 billion by 2025, according to the data.
The push further into luxury serves also as a defense for the next economic downturn, more than a decade after the last one in the U.S. Those that can afford a Versace dress are among the most likely to continue to spend during a recession than those who shop more affordably, industry experts say.
“Where Michael Kors has traditionally sat has been hit harder than true luxury [in recessions], so diversifying across traditional luxury may give them some insulation,” said Kathy Gersch, former executive vice president of strategy and change at management firm Kotter.
Still, Michael Kors has some challenges ahead of it with the Italian brand known for its bold prints in the U.S., where the brand has been under-invested, industry bankers tell CNBC.
Michael Kors has been eyeing the space for quite some time. Both it and competitor Tapestry, the parent of Coach, suffered the repercussions of expanding their affordable luxury brands too widely, thereby diluting their stature in the process. Meantime, the malls in which shoppers often pick up their affordable luxury brands have become increasingly desolate as shoppers head online.
Meantime, Michael Kors has also been eyeing Europe, where last quarter sales declined roughly 1.6 percent. The company has 192 of its 1,038 stores in Europe.
“I think that if we can get our business turned around in Europe, which we are very focused on, I think that our performance, again, would rank probably in the middle of the pack of the real luxury players on a global basis,” Michael Kors’ CEO John Idol told analysts in August.
Private-equity firm Blackstone, which owns 20 percent of Versace, will cash out as part of its deal
LeBron James Sets ‘Black Panther’s’ Ryan Coogler to Produce ‘Space Jam’ Sequel (Exclusive)
“I loved his vision,” James says of Coogler, who will shepherd production on the Warner Bros. project, which is tentatively slated to begin in 2019 during the NBA off-season.
In his first project since directing the record-breaking Black Panther, Ryan Coogler is teaming with LeBron James on the long-anticipated follow-up to the Michael Jordan-Bugs Bunny hit Space Jam, The Hollywood Reporter has learned.
Coogler will produce the new Space Jam movie and Terence Nance, who created HBO’s Random Acts of Flynessand directed the experimental film The Oversimplification of Her Beauty, will direct. Production on the Warner Bros. film is tentatively slated for 2019, during the NBA off-season. It will be James’ first starring role after a successful turn as a supporting character in the 2015 Amy Schumer comedy Trainwreck.
Getting Coogler, whose credits also include Creed and Fruitvale Station, is a coup. The director is among the industry’s most sought-after artists. Not only did Black Panther break ground as a superhero movie from a black perspective with a black cast, but it has set a number of box-office benchmarks on its way to grossing $1.34 billion worldwide, including becoming the highest-grossing film ever by a black director.
“I loved his vision” for Black Panther, James tells The Hollywood Reporter, noting that when he was a kid growing up in Akron, Ohio, there were no black superheroes. “So for Ryan to be able to bring that to kids, it’s amazing.”
Space Jam has been long-rumored, with various directors and writers attached to the project over the years, including at one point Justin Lin, the action auteur behind the Fast & Furious movies. The movement on the project coincides with James’ recent surge in Hollywood film and TV projects as a producer. Just last week, NBC and The CW announced separate shows in development with James’ SpringHill Entertainment.
The subtext of a James-headlined Space Jam sequel is the raging GOAT debate between James (who still has years left in the NBA) and Jordan (who has six NBA championships), players with pronounced personality differences. Jordan was a global superstar and endorsement king when he made the original 1996 film, which pulled in about $250 million worldwide and is still the highest-grossing basketball movie of all time. Space Jam was chock-full of cameos from NBA players (and Warner Bros.’ Looney Toons). So it’s safe to assume the new iteration will include a plethora of basketball’s biggest stars, especially given James’ stature in the league. It’s unclear at this point, however, if Jordan will be among those featured.
“The Space Jam collaboration is so much more than just me and the Looney Tunes getting together and doing this movie,” says James, “It’s so much bigger. I’d just love for kids to understand how empowered they can feel and how empowered they can be if they don’t just give up on their dreams. And I think Ryan did that for a lot of people.” WATCHRyan Coogler Teams Up With LeBron James to Produce ‘Space Jam’ Sequel | THR New