Skip to main content

Randa Acquires R&S Sales Seasonal Footwear

FOR IMMEDIATE RELEASE New York, NY (April 7, 2016) – Randa, the world’s leading men’s accessories company has acquired the assets and operations of R&S Sales, a leading provider of men’s and women’s seasonal footwear. 

Consistent with strategy and leadership in Randa’s other classifications, the acquisition elevates Randa to the position of market leader in the seasonal footwear category.

Founded in 1980 R&S Sales, currently managed and owned by Steven Podhaizer, develops and markets men’s and women’s seasonal footwear in all major channels of distribution. The R&S deal expands relationships with leading Randa partners including Chaps and Williamson-Dickies and forges new relationships for the company with Rockport, Jessica Simpson and Hanes.

“The acquisition is consistent with our growth initiatives,” says Randa's president of wallets and seasonal accessories, Ed Turner. “This ’tuck in’ deal provides us with new managers and category expertise, it expands our customer base, and this deal is accretive to our intellectual property portfolio.”
Randa first launched its seasonal footwear business in 2012 with three brands in the United States.  The business has grown 300% since to include seven brands in the U.S., Canada, Mexico and Australia.
“Through R&S, Randa will explore new channels of distribution while increasing our value to our current customers,” says Judy Person, Randa’s executive vice president and group president. “And, we will provide R&S with our incredible toolkit, including logistics and sourcing expertise, sophisticated marketing, in-store merchandise service, packaging, and omnichannel support.”
Podhaizer will join Randa as senior vice president managing the combined seasonal footwear business. 
“At R&S, we continually look for ways to maximize the interests of our long standing licensing and retail partners,” says Steven Podhaizer. “Joining with Randa's first class management team, strong eco-system of support services and their passion for their partner’s success will be a win for all.  We are excited by the new possibilities and thrilled to work with all the great Randa leaders and associates.” 

Click here to read the article on WWD
Click here to read the article on MR

Popular posts from this blog

Beware of Wombats & Other Vampires

You are surrounded by dangerous WOMBATS. They’re everywhere. Sometimes they hide in plain sight, easy to spot. Other times they are well camouflaged, requiring heightened awareness to identify them. You need to stay alert, it’s important to avoid them. WOMBATs resemble ordinary, productive tasks. However, they are vampires for time and resources, weapons of mass distraction.WOMBATs are seductive. Working on a WOMBAT feels productive.WOMBATs are bad for your career.WOMBATs are bad for your business.WOMBATs infiltrate your work day (and your personal time). Strike them down.WOMBATs may be be ingrained in your company culture: “We’ve always done it that way…” WOMBAT Metamorphosis Alert: A task or project that wasproductive in the pastcanevolve into a WOMBAT in today's environment.Your comfort zone is populated with WOMBATs.More on comfort zones, here.Some people are WOMBATs in disguise. Stay away from them, they are vampire WOMBATs.If you don’t control your WOMBATs, your WOMBATs will…

Taking Tips From a Younger Generation

Phyllis Korkki, an assignment editor at The New York Times, visited the garment district in Manhattan to interview designers as part of a story for the newspaper’s Snapchat account. Credit George Etheredge/The New York Times
What Could I Possibly Learn From A Mentor Half My Age? Plenty.

How on earth did I become an “older worker?”

It was only a few years ago, it seems, that I set out to climb the ladder in my chosen field. That field happens to be journalism, but it shares many attributes with countless other workplaces. For instance, back when I was one of the youngest people in the room, I was helped by experienced elders who taught me the ropes.

Now, shockingly, I’m one of the elders. And I’ve watched my industry undergo significant change. That’s why I recently went searching for a young mentor — yes, a younger colleague to mentor me.

How Randa and the Fashion Industry are Adapting to DIY

The term 'Do It Yourself' has turned into a phenomenon over the past decade and is continuing to gain momentum, especially in the fashion industry. From interactive design stations at Topshop, to custom shoes at Jimmy Choo, every level of the fashion industry is dipping their toes into the pools of DIY.

"Many industry insiders think it is just the beginning. Ask about the future of fashion, and the answer that is likely to come back (along with the importance of Instagram and the transformation of shows into entertainment) is personalization," says Vanessa Friedman from the New York Times.