0.72%
Wednesday, November 6, 2019
Volume 2, Issue No. 20

OBITUARY
Gert Boyle, Columbia Sportswear Chairperson, 95

Gert Boyle, the longtime chair of Columbia Sportswear Co. famously portrayed as “One Tough Mother” in the brand’s iconic and long-running ads, died Nov. 3 in Portland, OR. She was 95. Boyle headed Columbia from 1970 to 1988... Read the full story.

RETAIL ROUNDUP
OluKai, Blundstone, Adidas, Skechers, Mephisto

Hawaiian-inspired brand OluKai has made its retail home on the islands, opening two company-owned locations there on Oct. 23. The new OluKai brand shops are located at Whalers Village on Maui and at the... Read the full story.

EARNINGS
Asics Drops in NA, Under Armour Stock Sinks, Boot Barn Eyes Northeast Expansion, Crocs Anticipates Q4 Profit

Asics realized a 23 percent wider nine-month net loss in North America despite 2 percent topline growth to the equivalent of $531.5 million. The company reported strong sales in the performance running and core performance sports segments. Read the full story.

In The News
Dearfoams, Fila, OIA

Dearfoams launched its first national television ad campaign since the 1980s on Nov. 4. “Together in Dearfoams,” which features families wearing styles from the R.G. Barry-owned firm’s Holiday Family Collection, will run 15- and 30-second ads on... Read the full story.

TEXTILE INSIGHT
PrimaLoft Adds to Relentlessly Responsible Platform with P.U.R.E

Managing carbon reduction has risen to priority status as companies and consumers alike realize the value of a climate-conscious approach to textile innovation. Read the full story.

Wednesday, October 16, 2019
Volume 2, Issue No. 19

JackRabbit Broadens Reach in Northeast with Olympia Sports Deal

CriticalPoint Capital (CPC)-controlled run retailer JackRabbit last week acquired certain assets and liabilities of the 45-year-old, family-owned Olympia Sports chain for an undisclosed sum. The deal includes the Olympia’s online presence and the Olympia Sports brand. Read the full story.

Marathon Milestones Are Notches on Nike’s Belt

Nike made headlines this week with two major marathon feats run in Swoosh shoes. On Oct. 12, Eliud Kipchoge broke the mythologized two-hour marathon barrier with a time of 1:59:40 in a specially-tailored event in Vienna, Austria on Saturday wearing... Read the full story.

Gearing Up for Holiday 2019: Brands Look For an Edge

With fewer than 80 days until Christmas and 85 days until 2020, the upcoming holiday season took center stage for athletic and outdoor brands last week via the release of semi-annual research and a first-ever seasonal fashion show from Dick’s Sporting Goods in New York City’s Chelsea district.  Read the full story.

In the Lab with Boa

Boa Technology, makers of the Boa Fit System, has opened a Performance Fit Lab at its global headquarters in Denver, CO. The 2,700 square foot Performance Fit Lab is equipped with tools for measuring biomechanical data, including... Read the full story.

Industry Reacts to Potential Trade War Deal

The Trump administration announced last Friday that it hoped to sign an initial trade deal in the next few weeks, an indication that the escalating trade war between the two countries could be cooling. Read the full story.

In The News
Rime, Nester Hosiery, OS1st

Brooklyn sneaker shop Rime will close its doors later this year, owner Susan Boyle announced on Instagram Oct. 6.“The sneaker game has changed, things have changed, the culture has changed, and it’s time for me to change with the times,” Read the full story.

FOOTWEAR INSIGHT INDEX

Segment fails to outperform the Dow despite 13 out of 20 stocks rising, led by Steve Madden, Crocs and Geox on a percentage basis. Under Armour was the biggest decliner, slipping 19 percent on the final day of the period on news of a federal accounting probe and a 4 percent decline in Q3 North American sales. A week earlier, CEO Kevin Plank announced he was handing his title and responsibilities to COO Patrik Frisk. The Plank-Frisk move wasn’t the only executive shuffle. Nike CEO is moving to executive chairman in January as NKE board member and tech executive John Donahue moves into the CEO seat. At Adidas, American Eric Liedtke is departing the Three Stripes and its Supervisory Board on Dec. 31 after 25 years with the company. He developed Adi’s current, five-year ‘Creating the New’ business strategy. At Genesco, COO Mimi Vaughn will become CEO and president on Feb. 2, 2020 with Robert Dennis moving to executive chairman of the Nashville parent of Journeys. Skechers intends to spend $85-90 million over the remainder of FY19 on its new distribution center in China, expansion of its California corporate HQ, enhancements to its European DC and the opening of 15-20 more company stores. VF Corp. has confirmed that its Icebreaker North America and Smartwool businesses will relocate to its Denver HQ in Summer 2020. Deckers’ Hoka One One sales rose 50 percent in Q2 to $78 million with the brand now pegged to increase annual revenues in the “mid to high 40 percent” range. Steve Madden wholesale footwear sales rose 6.3 percent in Q3 to $315.9 million. Boot Barn may double its store base by expanding into the densely populated Northeast. Asics’ nine-month North American revenues rose 2 percent to $531.5 million, helped by strong sales in performance running and core performance sports. Foot Locker opened a Michael Jordan-inspired food pop-up, Rivals Café, inside its flagship Los Angeles store recently offering specialty hot dogs and French Dip sandwiches. — Bob McGee 
The Footwear Insight Index tracks 20 of the most important publicly traded companies that have a substantial footwear business (6 retailers, 14 brands).
Index base of 100 is key to the closing prices of 12/29/17

INDEX: 144

0.72%

Weekly Review

Company name
(Ticker Symbol)

% Change over week
Price 10/14/19 • Price 11/04/19

ASICS Corp.
7936.T

6.45%

$16.29 • $17.34

Boot Barn
BOOT

3.72%

$36.86 • $38.23

Crocs
CROX

13.16%

$31.62 • $35.78

Designer Brands
DBI

4.44%

$16.69 • $17.42

Genesco
GCO

0.36%

$39.07 • $39.21

Mizuno
8022.T

2.54%

$26.42 • $25.75

Puma
PMMAF

1.09%

$77.70 • $76.85

Shoe Carnival
SKVL

4.99%

$33.28 • $34.94

Steve Madden
SHOO

15.48%

$36.10 • $41.69

VF Corp.
VFC

7.40%

$91.58 • $84.80

Company name
(Ticker Symbol)

% Change over week
Price 10/14/19 • Price 11/04/19

Adidas
addyy

0.63%

$158.16 • $159.15

Caleres
CAL

8.22%

$21.40 • $23.16

Deckers
DECK

4.29%

$153.56 • $160.15

Foot Locker
FL

1.23%

$43.97 • $44.51

GEOX
GEO.MI

10.61%

$1.32 • $1.46

Nike
NKE

5.27%

$94.83 • $89.93

Rocky Brands
RCKY

10.45%

$32.07 • $28.72

Skechers
SKX

3.00%

$36.72 • $37.82

Under Armour
UAA

15.98%

$20.40 • $17.14

Wolverine
WWW

4.54%

$28.63 • $29.93

TOTAL
Week over week

0.72%

$996.66 • $1,003.88